Indostar Capital Finance Limited NCD Company Profile:
IndoStar Capital Finance Limited (“ICFL”) is a Non-Banking Finance Company (“NBFC”) registered with Reserve Bank of India categorized as middle layered NBFC. With Brookfield & Everstone as co-promoters, IndoStar Capital Finance Limited is professionally managed and institutionally owned entity dealing in comprehensive range of financial products like Commercial Vehicle, Construction Equipment, Farm Equipment, Car/MUV, Insurance and Micro Lap -(Small ticket business loans) . IndoStar Capital Finance Limited offers end-to-end lending, financing, credit solutions and caters to the aspirations of the growing consumer base in India, and deliver greater value to its Stakeholder(s). Assets under management exceed INR 8000 crores and the extensive network of over 500+ branches nationwide serves the growing base of 1 lakh+ customers.
- Vehicle Finance
- Vehicle Sub-Products
- SME Finance
- Home Finance
IndoStar Capital Finance Limited focuses on Small time retail customers mainly in Tier 2 , Tier 3 and Tier 4 towns, offering them tailor made solutions to earn their livelihood with competitive pricing & transparent terms. IndoStar Capital Finance Limited has two wholly owned subsidiary i.e. IndoStar Home Finance Private Limited, dealing in affordable Home Financing solutions and IndoStar Asset Advisory Private Limited.
Public issue by the Indostar Capital Finance Limited of secured, rated, listed, redeemable, non-convertible debentures of face value of ₹ 1,000 each aggregating up to ₹ 15,000 lakh (“Base Issue”), with an option to retain over-subscription up to ₹ 15,000 lakh, aggregating up to ₹ 30,000 lakh, on the terms and in the manner set forth in the ProspectusThe issue opens for subscription on Friday, 06th September, 2024 and will close on Thursday, 19th September, 2024. The allotment is on a first come first serve basis with the minimum application to be made is of 10 NCDs.
Indostar Capital Finance Limited NCD Details:
| Issue opens: | Friday, September 06, 2024 | ||||
| Issue closes: | Thursday, September 19, 2024 | ||||
| Allotment: | First Come First Serve Basis | ||||
| Face Value: | Rs.1,000 per NCD | ||||
| Nature of Instrument: | Secured, Rated, Listed, Redeemable, Non-Convertible Debentures | ||||
| Minimum Application: | 10 NCDs (Rs.10, 000) & in multiple of 1 NCD thereafter | ||||
| Listing: | BSE | ||||
| Credit Rating: | CARE AA-/ | ||||
| Issue Size: | Public issue by Indostar Capital Finance Ltd (the “Company”/ “Issuer”) of secured redeemable non-convertible debentures of face value of ₹1,000 each (“NCDs”) for an amount up to ₹15000 Lakhs (“Base Issue Size”) with a green shoe option of ₹15000 Lakhs aggregating up to ₹30000 Lakhs. | ||||
| Registrar: | Link Intime India Private Limited | ||||
| Category | I – Institutional (“QIB”) | II – Non-Institutional (“Corporates”) | III – High Net worth
Individual (“HNI”) (Amount aggregating to above ₹ 10 lakh) |
IV – Retail Individual (“Retail”) (Amount aggregating up to and including ₹ 10 lakh) | |
| Category Allocation of the overall Issue Size | 10% of Overall Issue Size
|
30% of Overall Issue Size
|
30% of Overall Issue Size
|
30% of Overall Issue Size
|
|
Indostar Capital Finance Limited NCD
Application form
Indostar Capital Finance Limited NCD Issue Break Up:
| Category | Allocation | Amount in Crs. | |||
| Base issue Issue | |||||
| Institutional Investors | 10% | 1500 | 3000 | ||
| Non Institutional Investors | 30% | 4500 | 9000 | ||
| HNI | 30% | 4500 | 9000 | ||
| Retail Individual Investors | 30% | 4500 | 9000 | ||
| Total | 100% | 15000 | 30000 | ||
Indostar Capital Finance Limited NCD Specific Terms of the Prospectus:
The terms of the NCDs offered under the Issue are as follows:
| Series | I | II | III*s | IV | V |
| Frequency of Interest Payment | Annual
|
Cumulative
|
Quarterly
|
Annual
|
Annual
|
| Tenor | 24 Months | 24 Months | 36 Months | 36 Months | 60 Months |
| Coupon (% per annum) for NCD Holders in Categories I,II,III and IV* | 10.50% | NA | 10.30% | 10.70% | 10.50% |
| Amount (₹ / NCD) on Maturity for NCD Holders in Categories I,II,III and IV | ₹ 1,000
|
₹ 1,221.03
|
₹ 1,000
|
₹ 1,000
|
₹ 1,000
|
| Maturity / Redemption Date (from the Deemed Date of Allotment) | 24 Months | 24 Months | 36 Months | 36 Months | 60 Months |
* The Company would allot the Option III of NCDs, as specified in the Prospectus to all valid Applications, wherein the Applicants have not indicated their choice of the relevant Option of NCD.
For any queries related to the NCD, you can consult the team at Elite Wealth. Since Demat is mandatory for investing in this particular NCD, the investor must open a Demat account with a trusted broker like Elite Wealth.