NCD issue of India Infoline Finance issue opened today and as expected this issue have received good subscription figures on first day.
IIFL is offering 12% rate with monthly and annual interest payment option as chosen by investor.
IIFL NCD SEPT 2013 – First Day Subscription:
| Category | Size – Crores | Subscription amount first day – Crores | % Subscribed |
| I | 420 | 150 | 35.71% |
| II | 105 | 11.55 | 11% |
| III | 525 | 198.72 | 37.85% |
As far SREI issue is concerned ,issue have received good response from category II investors – means investors like Corporate bodies,Partnership firms etc and issue subscribed more than 88% in this category while it was subscribed about 54.21% for individual investors category.
As IIFL issue have received good response on the first day ,I think this issue can pre close similar to last year.
IIFL issue have scheduled to be closed on 04th Oct but interested candidates should apply within next few days.
