India Infoline Finance Limited has come with a Public issue of secured & unsecured NCDs. The issue opens on 22.01.2019 and closes on 20.02.2019 but the allotment is to be done only on the basis of first come first serve.The period is 39 months ,
60 months and 120 months and interest is to be paid on annual or monthly basis or cumulative value can be taken on maturity. The interest rate is 9.50 % , 10.00% and 10.35% and yield is 9.60 %,10.20% and 10.50%. Details of the offer are as under.
Issue Highlights :
Issue Opens :Tuesday, 22nd January, 2019
Issue Closes : Wednesday, 20th February, 2019
Issuer :India Infoline Finance Limited
Registrar :Link Intime India Pvt Limited
Trustee :Catalyst Trusteeship Limited
Allotment :First Come First Serve Basis
Issue Price :Rs. 1,000 per NCD
Face Value : Rs. 1,000 per NCD
Minimum Application: Rs. 10,000/‐ only
Base Issue :Rs. 2,500 million (Rs 250 cr)
Option to Retain :Over subscription Amount Rs.17,500 million (Rs 1,750 cr)
Tranche I :Issue Size Rs. 20,000 million (Rs 2000 cr)
Nature of Indebtedness: Secured and Unsecured NCDs
Credit Ratings :"AA/Stable" by CRISIL and ICRA,"AA+/Stable" by Brickwork
Issuance mode of the instrument : In dematerialized form only
Listing :On BSE Limited and National Stock Exchange of India Limited
Depositories :CDSL and NSDL
Trading mode of the instrument :Compulsorily in dematerialized form
60 months and 120 months and interest is to be paid on annual or monthly basis or cumulative value can be taken on maturity. The interest rate is 9.50 % , 10.00% and 10.35% and yield is 9.60 %,10.20% and 10.50%. Details of the offer are as under.
Issue Highlights :
Issue Opens :Tuesday, 22nd January, 2019
Issue Closes : Wednesday, 20th February, 2019
Issuer :India Infoline Finance Limited
Registrar :Link Intime India Pvt Limited
Trustee :Catalyst Trusteeship Limited
Allotment :First Come First Serve Basis
Issue Price :Rs. 1,000 per NCD
Face Value : Rs. 1,000 per NCD
Minimum Application: Rs. 10,000/‐ only
Base Issue :Rs. 2,500 million (Rs 250 cr)
Option to Retain :Over subscription Amount Rs.17,500 million (Rs 1,750 cr)
Tranche I :Issue Size Rs. 20,000 million (Rs 2000 cr)
Nature of Indebtedness: Secured and Unsecured NCDs
Credit Ratings :"AA/Stable" by CRISIL and ICRA,"AA+/Stable" by Brickwork
Issuance mode of the instrument : In dematerialized form only
Listing :On BSE Limited and National Stock Exchange of India Limited
Depositories :CDSL and NSDL
Trading mode of the instrument :Compulsorily in dematerialized form