COMPANY BACKGROUND

IIFL Holdings Limited, which is one of India’s leading financial services player, primarily engaged in the business of loans and mortgages, wealth and asset management, retail and institutional broking and investment banking.
The Company is a Systemically Important Non-deposit accepting Non-Banking Financial Company registered with the RBI, catering to the credit requirements of a diverse customer base with its plethora of products. Their offerings include mortgage loans, gold loans, commercial vehicle finance, MSME finance, construction and real estate finance, capital market finance, and micro finance; catering to both retail and corporate clients.

Issue Details

Issuer

India Infoline Finance Limited

Issue opens

22nd January, 2019

Issue closes

20th February, 2019

Allotment

First Come First Serve Basis

Issue Price

Rs. 1,000 per NCD

Listing

BSE

Application Mode

Compulsorily ASBA

Credit ratings

"AA/Stable" by CRISIL and ICRA,"AA+/Stable" by Brickwork

Registrar

Link Intime India Pvt Limited

Nature of Instrument:

Secured and/ or Unsecured Subordinated, Redeemable, Non-Convertible Debentures

Minimum Application:

Rs.10,000 (10 NCD)

Issue Size:

Base Issue Size: ₹ 250 crore with an option to retain oversubscription up to ₹ 1750 Crs aggregating up to ₹ 2000 Crs

Offer break up:

Category allocation Amount in Crs - Base Issue Amount in Crs - Total Issue
QIB 20% 50 400
Corporate 20% 50 400
HNI 30% 75 600
Retail 30% 75 600
Total 100% 250 2000

 

Effective Yield:

Series Frequency of Interest Payment Tenor Nature of Indebtednes Coupon (% p.a) Effective Yield (% p.a) Amount (Rs. / NCD) on Maturity For NCD Holders Call Option (anytime after the months to expire from the Deemed Date of Allotment)
Category I Category II , III, IV Category I Category II, III & IV in Category I A in Category II, III & IV
I Annual 39 months Secured 9.50 9.60 9.50 9.60 Rs. 1000/- Rs. 1000/- 24 months
II Cumulative 39 months Secured N.A. N.A. 9.50 9.60 Rs. 1342.65/- Rs. 1346.63/- 24 months
III Monthly 60 months Secured 9.60 9.75 10.03 10.20 Rs. 1000/- Rs. 1000/- 30 months
IV Annual 60 months Secured 10.00 10.20 10.00 10.20 Rs. 1000/- Rs. 1000/- 30 months
V Monthly 120 months Unsecured 9.90 10.00 10.36 10.47 Rs. 1000/- Rs. 1000/- 66 months
VI Annual 120 months Unsecured 10.35 10.50 10.35 10.50 Rs. 1000/- Rs. 1000/- 66 months