Infrastructure Development finance Company Limited (IDFC) has received a total subscription amount of approximately around Rs 538.08 crore (provisional) from approximately 2,70,000 investors (including resident Indian individuals and Hindu Undivided Families) through the public issue of first tranche of `Long Term Infrastructure Bonds` with a face value of Rs 5,000 each in the form of secured, redeemable, non-convertible debentures, having benefits under Section 80CCF of the Income Tax Act, 1961 (Bonds).
The first tranche of Bonds are being issued by the Company on the terms set out in the Shelf Prospectus and the prospectus tranche 1 filed with the ROC on November 11, 2011. The subscription amount collected through issue of the Tranche 1 Bonds for FY 2012 is approximately 14% more than the corresponding subscription amount collected through the issue of first tranche of the tax-saving long term infrastructure bonds in November, 2010, for FY 2011.
Bonds Summay :-
Issue Opens : 21st Nov. 2011.
Issue Closes : 16th Dec. 2011
Face Value : Rs 5000 per bond
Mode of holding : Demat or Physical
Credit Rating : “AAA” From ICRA and FITCH
Lock in period is 5 years from date of allotment
Registrar of Issue : Karvy Computershare Private Limited, Hyderabad
Lead Managers of Issue : ICICI Securities, JM Financial Consultants, Karvy Investor Services Limited, Kotak Mahindra Capital Company and IDFC Capital.
Co-lead Managers of Issue : Bajaj Capital, RR Investors Capital Services and SMC Capitals.
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