IFCI Ltd is coming out with its first tranche of  Rs.250 Cr. NCD with an option to retain oversubscription of 790.813 Cr. The Issue open for subscription from 01 Jan  2015 and issue close on 04 Feb 2015.


 Product Note

IFCI Ltd NCD Issue Highlights

IssuerIFCI Ltd
Type of InstrumentSecured Redeemable, NCD
Issue Open01 Jan 2015
Issue Close04 Feb 2015 (with option of early closure or extension)
Issue SizeOne or more tranches for an amount aggregating upto 790.813 Cr.
Face ValueRs. 1,000
Min. Application Size10 Bonds (Rs.10000) & multiply of 1 NCD thereafter (across all series NCD)
Interest Annually & Cumulative
Mode of AllotmentD'mat as well as Physical Form
RatingBWR AA-

Specific Term of Issue

Tenor5 Years5 Years10 Years10 Years
Base Coupon -9.35%-9.40%-
Face Value1000100010001000
Interest PaymentAnnualCumulativeAnnual Cumulative
  •  The NCDs can applied for allotment in either dmat or physical forms by all categories of investors. However, Series III NCDs would be allotted only in Dmat form.

 Cheque Details :

Cheque / DD should be drawn in favour of  “Escrow Account IFCI -NCD II Public Issue  “ by all applicant

About Issue

About Company


IFCI Limited is promoted and controlled by the Government of India and is registered with the RBI as a Systemically Important Non-Deposit taking NBFC. It has also been notified as a Public Financial Institution under section 4A of the  Companies Act, 1956 (Section 2(72) of the Companies Act, 2013) by Ministry of Corporate Affairs. Along with the group entities, IFCI provide financial services which include, besides long term corporate loans, advisory services in the areas of Project Development, Project Appraisal, Strategic Analysis, Corporate Restructuring, Infrastructure Financing and Legal Advisory to certain sectors. The advisory services include bid process management, disinvestment advisory, techno-economic viability study, legal due diligence, financial advisory, valuation financial appraisal, financial due diligence and project feasibility studies in core infrastructure sectors like power generation and transmission, oil and gas, mining etc.

The Company as on the date of this Shelf Prospectus has 6 Subsidiaries mentioned below and 6 step down subsidiaries.

  • Stock Holding Corporation of India Limited
  • IFCI Venture Capital Funds Limited
  • IFCI Infrastructure Development Limited
  • IFCI Factors Limited
  • MPCON Limited
  • IFCI Financial Services Limited



Security for the NCD Non-Convertible Debentures 

The NCDs will be secured by a paripassu floating first charge on receivables, present and  future of the Company (other than the Lien Receivables), with an asset cover of one of one time of the total outstanding amount of NCDs and interest thereon, from time to time. Company will create appropriate security in favour of the Debenture Trustee for the NCD Holders on the assets adequate to ensure 100% asset cover for NCDs (along with the interest due thereon)

What is the impact of frequent fluctuations in policy interest rates?

The interest applicable to different categories of investors for various series of NCDs as mentioned above is fixed and will not be impacted by fluctuations in policy interest rate.


                          Call Rajendra 7719917444


ISIN Script Code Interest payment date detail – Update after Allotment process complete.

For Investment, Kindly Write to us at

                       rajendra@puneinvest.com or

                          Call Rajendra 7719917444


Interest on NCD received by NCD Holders would be subject to tax at the normal rates of tax in accordance with and subject to the provision of the Income Tax Act and such tax would need to be withheld at the time of credit/payment as per the provisions of Section 193 of the Income Tax Act.

However, no income tax is deductible at source in respect of the following

  • In case the payment of interest on debentures to a resident individual or a Hindu Undivided Family (HUF) NCD Holder does not or is not likely to exceed Rs 5000 in the aggregate during the Financial Year and the interest is paid by an account payee cheque.
  • On any security issued by a company in a dematerialized form and is listed on recognized stock exchange in India in accordance with the Securities Contract (Regulation) Act, 1956 and the rules made there under (w.e.f. 01.06.2008).

For any query , Kindly Write to us at

                       rajendra@puneinvest.com or

                          Call Rajendra 7719917444

RajendraNCDIFCI Ltd is coming out with its first tranche of  Rs.250 Cr. NCD with an option to retain oversubscription of 790.813 Cr. The Issue open for subscription from 01 Jan  2015 and issue close on 04 Feb 2015.  Investment you need