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India Infoline Finance Limited (IIFL) is a financial services conglomerate which was started by a group of passionate entrepreneurs in 1995. The genesis of IIFL lies in the power of dreaming big and believing in your dreams.

The Company is a subsidiary of 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.

IIFL has built a deeply entrenched network catering to retail customers in over 2,000 business locations across India. They deliver a broad array of financial services through their network of branches, sub-brokers and franchisees, which are complemented by their call centers, online and mobile channels.

India Infoline Finance Limited NCD - Issue Details:

Issuer India Infoline Finance Limited (View Report)
Issue Type Secured Redeemable and Unsecured Subordinate Redeemable Non-Convertible Debentures
Issue Period Issue Opens: Tuesday, January 22, 2019
Issue Closes: Wednesday, February 20, 2019
Coupon Rate 10.50% p.a *
Issue Size Base Issue Rs. 250 Crore with an option to retain oversubscription up to Rs. 1,750 Crore aggregating to overall Tranche Issue size of Rs. 2,000 Crore. The Unsecured NCDs will be in the nature of subordinated debt and will be eligible for Tier II capital
Face Value Rs.1,000 per NCD
Minimum Application Size Rs.10,000 (10 NCDs) and in multiple of Rs.1,000 (1 NCD) thereafter across all Series
Credit Rating “AA/Stable” by Crisil and “AA+/Stable” by Brickworks
Mode of Allotment and Trading Compulsorily in dematerialised form
QIB 20% of issue size
Corporate 20% of issue size
HNI 30% of issue size
Retail Individual 20% of issue size
Listing BSE and NSE
Depositories NSDL & CDSL
Registrar Link Intime India Private Limited
Book Running Lead Managers Edelweiss Financial, IIFL Holdings, ICICI Securities and Trust Investment Advisors
* Highest yield


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