|
Particulars |
Details |
| Issuer | India Infoline Finance Limited |
| Issue | Public Issue of NCDs aggregating upto Rs. 2,500 million with an option to retain over-subscription upto Rs. 2,500 million. The NCDs will be unsecured in the nature of subordinated debt and will be eligible for Tier II Capital. |
| Stock Exchanges proposed for listing of the NCDs | NSE and BSE |
| Issuance | In physical and dematerialized form |
| Trading | Compulsorily in dematerialized form |
| Trading Lot | 1 (one) NCD |
| Depositories | NSDL and CDSL |
| Security | No security will be created in connection with the NCDs. |
| Rating | ‘[ICRA]AA- (stable)’ by ICRA and ‘CRISIL AA-/Stable’ by CRISIL |
| Issue Schedule* | The Issue shall be open from September 5, 2012 to September 18, 2012. |
| Pay-in date | 3 (three) Business Days from the date of receipt of application or the date of realization of the cheques/demand drafts, whichever is later. |
| Deemed Date of Allotment | The date on which the Board or a duly authorized committee approves the Allotment of NCDs. All benefits relating to the NCDs including interest on NCDs shall be available to Investors from the Deemed Date of Allotment. The actual allotment of NCDs may take place on a date other than the Deemed Date of Allotment. |
The subscription list for the Issue shall remain open for subscription upto 5 pm, with an option for early closure or extension by such period, upto a period of 30 days from the date of opening of the Issue, as may be decided at the discretion of the duly authorized committee of Directors of our Company subject to necessary approvals. In the event of such early closure of the Issue or extension of the Issue, our Company shall ensure that notice of such early closure or extension of the Issue is given as the case may be on such date of closure through advertisement/s in a leading national daily newspaper.
The specific terms of each instrument are set out below:
|
Options |
I |
II |
III |
| Tenure |
72 Months |
||
| Frequency of Interest Payment |
Monthly |
Annually |
NA |
| Minimum Application |
Rs. 5,000 (5 NCDs) (for all options of NCDs, namely Options I, II and III, either taken individually or collectively) |
||
| In Multiples of |
1 NCD after the minimum application |
||
| Face Value of NCDs(` / NCD) |
Rs. 1,000 |
||
| Issue Price (` / NCD) |
Rs. 1,000 |
||
| Mode of Interest Payment/Redemption# |
Through Various options available |
Through Various options available |
Redemption through various options available |
| Coupon (%) for NCD Holders |
12.75% per annum
|
12.75% per annum
|
NA |
| Effective Yield (per annum) |
13.52% |
12.75% |
12.75% |
| Redemption Date |
72 months from the Deemed Date of Allotment |
||
| Redemption Amount (Rs. /NCD) |
Face Value of the NCDs plus any interest that may have accrued |
Face Value of the NCDs plus any interest that may have accrued |
Rs. 2054.50 |
| Deemed Date of Allotment |
Date of issue of the Allotment advice |
||
| Nature of Indebtedness |
Un-Secured Redeemable Subordinated Debt |
||
For various modes of interest payment, please refer page 249 of the Prospectus.
Who can Apply
| Category I | Category II | Category III |
|
|
*With respect to applications received from Category III applicants, applications by applicants who apply for NCDs aggregating to a value not more than ` 0.5 million, across all series of NCDs, (Option I and/or Option II and/or Option III) shall be grouped together, (“Reserved Individual Portion”) while applications by applicants who apply for NCDs aggregating to a value exceeding ` 0.5million, across all series of NCDs, (Option I and/or Option II and/or Option III), shall be separately grouped together, (“Unreserved Individual Portion”). |
| 40% of the Overall Issue Size | 10% of the Overall Issue Size | 25% of the Overall Issue Size for Unreserved Individual portion, and 25% of the Overall Issue Size for Reserved Individual portion |
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