India Infoline Finance Limited NCD
(i) IIFL is a financial services conglomerate which was started by a group of passionate entrepreneurs in 1995. It is one of the subsidiaries of IIFL Holding which is a listed entity on NSE and BSE.
(ii) IIFL was the pioneer in the retail broking industry with its launch of 5paisa trading platform which offered the lowest brokerage in the industry and the freedom from traditional ways of transacting.
(iii) The strength has been to continuously innovate and reinvent. IIFL’s evolution from an entrepreneurial start-up in 1995 to a full range diversified financial services group is a story of steady growth by adapting to the dynamic business environment, without losing focus on our core domain of financial services.
(iv) Today, IIFL Holdings Limited is India’s leading integrated financial services group with diverse operating businesses, mainly, Non-Banking and Housing Finance, Wealth and Asset Management, Financial Advisory and Broking, Mutual Funds and Financial Product Distribution, Investment Banking, Institutional Equities, Realty Broking and Advisory Services.
(v) IIFL serves more than 4 million satisfied customers across various business segments and is continuously building on its strengths to deliver excellent service to its expanding customer base.
Objective of NCD India Infoline Finance Limited NCD:
Objective of India Infoline Finance Limited NCD are:
1. For the purpose of onward lending, financing, and for repayment /prepayment of interest and principal of existing borrowings of our Company
2. General Corporate Purposes
India Infoline Finance Limited NCD Details:
| Open Date: | Jan 22 2019 |
| Close Date: | Feb 01 2019 |
| Issue Type: | Fixed Price Issue NCD |
| Issue Size: | ₹ 2,500 Cr. |
| Face Value: | ₹ 1,000 Per NCD |
| Market Lot: | 1 NCD |
| Minimum Order Quantity: | 10 NCD |
| Listing At: | NSE,BSE |
Promoters:
Promoters of India Infoline Finance Limited NCD Company are:
The Promoter,IIFL Holdings Limited is one of India’s leading financial services player, providing a broad range of financial products and services to diversified client base. The Company Promoter also has several subsidiaries in major global financial centres. The Company Promoter’s evolution from an entrepreneurial start-up in 1995 to a full range diversified financial services group is a story of steady growth by adapting to the dynamic business environment, without losing focus on its core domain of financial services.
In the year 2000, IIFL Holdings Limited became a pioneer in the retail broking industry with the launch of 5paisa trading platform which offered the lowest brokerage in the industry and freedom from traditional ways of transacting
Financials:
| Particulars(in Millions) | September 30, 2018 | March 31, 2018 | March 31, 2017 | March 31, 2016 |
| Loan Book | 3,08,78,196.00 | 2,76,155.14 | 1,92,798.48 | 1,77,695.05 |
| GNPA | 6,830.89 | 4,732.13 | 3,518.01 | 2,553.85 |
| GNPA as % of Loan Book | 2.21% | 1.71% | 1.82% | 1.44% |
| Provision against NPA | 3,595.52 | 2,561.09 | 2,405.26 | 1,590.89 |
| NNPA | 3,235.37 | 2,171.04 | 1,112.75 | 962.96 |
| NNPA as % of Loan Book | 1.05% | 0.79% | 0.58% | 0.54% |
Credit Rating:
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. The rating is not a recommendation to buy, sell or hold securities and investors should take their own decision.
Interest Rates:
| Series | I | II | III | IV | V | VI |
| Frequency of Interest payment | Annual | Cumulative | Monthly | Annual | Monthly | Annual |
| Tenure (In Months) | 39 months | 39 months | 60 months | 60 months | 120 months | 120 months |
| Nature | Secured | Secured | Secured | Secured | Unsecured | Unsecured |
| Coupon (% p.a) - Category I | 9.50% | NA | 9.60% | 10.00% | 9.90% | 10.35% |
| Coupon (% p.a) - Category II, III, IV | 9.60% | NA | 9.75% | 10.20% | 10.00% | 10.50% |
| Effective Yield (% p.a) - Category I | 9.50% | 9.50% | 10.03% | 10.00% | 10.36% | 10.35% |
| Effective Yield (% p.a) - Category II,III, IV | 9.60% | 9.60% | 10.20% | 10.20% | 10.47% | 10.50% |
Post Tax returns:
(i) Sold after Maturity :
The interest earned through NCDs will be added to the total income and will be taxed at 5%, 20%, and 30% respectively depending upon the income slab of an Individuals.
(ii) Sold Before Maturity:
If you decide to sell the NCDs on the stock exchange, capital gains can also arise. If NCDs are sold within a period of 12 months from the date of allotment, short term capital gains/loss (STCG) will arise and if you decide to sell NCDs after a period of 12 months, the resulting gain or loss is called long term capital gains/loss (LTCG)
Recommendation:
Review and Recommendation of India Infoline Finance Limited NCD Limited NCD by InvestorZone team: 5/10
1-5: Fair
5-7: Good
7-10: Excellent
Lead Manager of India Infoline Finance Limited NCD:
- Edelweiss Capital Limited
- ICICI Securities Limited
- IIFL Holdings Limited
- Trust Investment Advisors Private Limited
Registrar of India Infoline Finance Limited NCD:
- Link Intime India Private Limited
Discussion on India Infoline Finance Limited NCD:
3 Comments
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You can apply similarly to the way we apply for IPO through net banking. I suggest applying only for secured Series 1 or II option for 39 Months with an Interest rate of 9.60%.
Pl post details of indiabull consumer finance limited. And your recommendation
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