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Incorporated in 2004, India Infoline Finance Limited (IIFL) is an RBI registered Non-Banking Financial Company (NBFC). It offers mortgage loans, gold loans, commercial vehicle finance, MSME finance, construction & real estate finance, capital market finance, and microfinance.
IIFL is a subsidiary of IIFL Holdings Limited, which is one of India's leading financial services providers. IIFL also offers financial products and services to both retail and corporate customers.
| Issue Open | August 6, 2019 - August 30, 2019 |
| Security Name | India Infoline Finance Limited |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) and/or Unsecured Subordinated Non-Convertible Debentures (Unsecured NCDs) |
| Issue Size (Base) | Rs 100.00 Crores |
| Issue Size (Shelf) | Rs 900.00 Crores |
| Issue Price | Rs 1000 per NCD |
| Face Value | Rs 1000 each NCD |
| Minimum Lot size | 10 NCD |
| Market Lot | 1 NCD |
| Listing At | BSE, NSE |
| Credit Rating | BWR AA+/Stable, CRISIL AA/Stable, ICRA AA/Stable |
| Tenor | 15 months/ 39 months/ 69 months |
| Series | Series I to Series VI |
| Payment Frequency | Monthly, Quarterly and Annual |
| Basis of Allotment | First Come First Serve Basis |
Category  |
NCD's Allocated |
|---|---|
| Category 1 | 10% |
| Category 2 | 10% |
| Category 3 | 40% |
| Category 4 | 40% |
| Category |
NCD's Reserved |
|---|---|
| Category 1 | 100,000 |
| Category 2 | 100,000 |
| Category 3 | 400,000 |
| Category 4 | 400,000 |
| Total NCD's | 1,000,000 |
| Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 | |
|---|---|---|---|---|---|---|
| Frequency of Interest Payment | NA | Quarterly | NA | Annually | Monthly | NA |
| Nature | Secured | Secured | Secured | Secured | Unsecured | Unsecured |
| Tenor | 15 months | 39 months | 39 months | 39 months | 69 months | 69 months |
| Coupon Rate | NA | 9.50% | NA | 9.85% | 10.00% | NA |
| Amount on Maturity For Category I & II/ for III & IV | Rs 1,126.75 | Rs 1,000 | Rs 1,357.33 | Rs 1,000 | Rs 1,000 | Rs 1,776.16 |
The NCDs proposed to be issued under this Issue have been rated BWR AA+/Stable (pronounced as BWR Double A Plus with Stable outlook) for an amount of Rs.50,000 million by Brickworks Ratings India Private Limited vide their rating letter dated October 31, 2018, CRISIL AA/Stable (pronounced as CRISIL Double A rating with Stable outlook) for an amount of Rs.50,000 million by CRISIL Ratings Limited vide their rating letter dated November 1, 2018 and [ICRA] AA (Stable) (pronounced as ICRA Double A) for an amount of Rs.50,000 million by ICRA Limited vide their rating letter dated October 31, 2018. The aforesaid rating indicates that instruments with this rating are considered to have high degree of safety regarding timely servicing of financial obligations and carry very low credit risk.
IIFL Finance Limited is the promoter of the company.
The amount proposed to be financed from Net Proceeds:
1. For the purpose of onward lending, financing, and for repayment /prepayment of interest and principal of existing borrowings of the Company
2. General Corporate Purposes
The India Infoline NCD Aug 2019 was subscribed 3.04 times on August 30, 2019 6:54:00 PM. The NCD subscribed .
| Category ? | Subscription (times) |
|---|---|
| Category 4 | 4.99x |
| Category 3 | 1.15x |
| Category 2 (NII) | 0.76x |
| Category 1 (QIB) | 5.03x |
| Total | 3.04x |
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India Infoline Finance Limited
12A-10, 13th Floor, Parinee Crescenzo,
G Block, C-38 and C-39, Bandra Kurla Complex,
Bandra - East, Mumbai 400 051, Maharashtra, India
Phone: +91 22 6788 1000
Email: governance@iifl.com
Website: https://www.iifl.com/
Link Intime India Private Ltd
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai - 400083
Phone: +91-22-4918 6270
Email: iifl.ncd2018@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
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