NHAI Tax Free Bond – Issue open 17 Dec 2015 National Highway Authorities of India (NHAI) is coming out with a Tax Free, Secured, Redeemable bond issue face value 1000 each, aggregating to 10000Cr. (Issue close 31 Dec). Retail Portion Balance 800 Cr 24 Dec
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[wptabtitle] Product Note[/wptabtitle] [wptabcontent]
NHAI Tax Free Bond Issue Highlight –
| Issuer | National Highway Authority of India |
|---|---|
| Type of Instrument | Secured, Redeemable, NCD |
| Issue Open | 17 Dec 2015 |
| Issue Close | 31 Dec 2015 |
| Issue Size | 10000 Cr |
| Face Value | Rs. 1,000 |
| Min. Application Size | 5 Bonds (Rs.5000) & multiply of 1 Bond thereafter |
| Max Application Size (for Retail) | 10 Lacs |
| Interest | Annual |
| Mode of Allotment | D'mat & Physical Form |
| Rating | AAA |
| Listing | BSE & NSE |
| Interest on Refund Money | 5% p.a. |
| Frequency of Interest Payment | Annually |
NHAI Tax Free Bond Issue Structure
–
| 10 Years | 15 Years | ||
|---|---|---|---|
| For Category I,II, III | |||
| Coupon Rate % | 7.14% | 7.35% | |
| Category IV ( Retails) | |||
| Coupon Rate % | 7.39% | 7.60% | |
Cheque Details- Retail Investor :
Note : Application will be rejected if banked without uploading in the electronic system of the recognized stock exchange. (Bidding process)[/wptabcontent] [wptabtitle] About Issue[/wptabtitle] [wptabcontent]
About the Issuer -NHAI
National Highway Authority of India, an autonomous body under the Ministry of Road Transport & Highways, Govt of India, established under Section 3 of the NHAI Act, 1988 having perpetual succession and common seal. The object of NHAI as specified in NHAI Act permits it to undertake its existing activities as well as the activities for which the funds are being raised through the Issue. NHAI intends to deploy the Issue proceeds towards part financing of the various projects being implemented by NHAI under the NHDP and other National Highway project approved by the Govt of India. Benefit to Investor
- The Income by way of Interest on these Bonds is fully exempt from Income Tax as per provision under section 10(15)(iv)(h) of IT act.
- No TDS
- Capital Gain Benefit – Capital gain arising on the transfer of listed bonds shall be taxed @ 10% without Indexation or @ 20% with Indexation.
[/wptabcontent] [wptabtitle] Subscription Data[/wptabtitle] [wptabcontent] NHAI Tax Free Bond Subscription Data .
Retail Portion not subscribe Fully
| Cat I | Cat II | Cat III | Cat IV | Total | ||
|---|---|---|---|---|---|---|
| Issue Size | 2,000 Cr | 2,000 Cr | 2,000 Cr | 4,000 Cr | 10,000 Cr | |
| 30 Dec | Subscribe | 8160.03 Cr | 7096.21 Cr | 3492.96 Cr | 3360.64 Cr | 22109.85 |
| No of times | 4.08 | 3.55 | 1.74 | 0.84 | ||
| Unsubscribe | 639.36 Cr | |||||
| 24 Dec | Subscribe | 8160.03 Cr | 7055.67 Cr | 3489.42 | 3199.40 | 21904.53 Cr |
| No of times | 4.08 | 3.52 | 1.74 | 0.8 | 2.19 | |
| Unsubscribe | - | - | - | 800.60 Cr | ||
| 23 Dec | Subscribe | 8160.03 Cr | 7055 Cr | 3513.96 Cr | 3168.19 Cr | 21897.18 Cr |
| No of times | 4.08 | 3.53 | 1.76 | 0.79 | 2.19 | |
| Unsubscribe | 831.81 | |||||
| 18 Dec | Subscribe | 8160 Cr | 7069 Cr | 3496 Cr | 2793 Cr | 21518 Cr |
| No of time | 4.08 | 3.53 | 1.75 | 0.70 | 2.15 | |
| Unsubribe | - | - | - | 1207 Cr | - | |
| 17 Dec 2015 | Subscribe | 81,45 Cr | 70,63.45 Cr | 34,90.15 Cr | 25,08.1 Cr | 21,206 Cr |
| No of times | 4.07 | 3.53 | 1.75 | 0.63 | 2.12 | |
| Unaubscribe | 1491.9 Cr | |||||
[/wptabcontent] [wptabtitle] Allotment/Listing[/wptabtitle] [wptabcontent]
NHAI Tax Free Bond Allotment Details
NHAI Bond allotment process complete check your bank account for interest refund & D’mat for Allotment.
Note for Physical Bond Holder :
NHAI Tax Free Bond Basis of Allotment
| Tax Free Bond | National Highway Authority of India |
|---|---|
| Issue Open | 17 Dec 2015 |
| Issue Close | 31 Dec 2015 |
| Issue Registrar | Karvy Computershare Private Ltd |
| Listing Exchange | BSE |
| Allotment Date | 11 Jan 2016 |
| Listing Date | 14 Jan 2016 |
| Interest Payment Date | First Payment Date : 1 April 2016 |
| Face Value | 1000 |
| Circular Ref. No | 20160113-4 |
| Cat I,II, III | Cat IV | Cat I,II, III | Cat IV | |
|---|---|---|---|---|
| Coupon | 8.16% | 8.55% | 8.55% | 8.41% |
| Period | 10 yr | 10 yr | 15 yr | 15 yr |
| ISIN No | INE906B07EG4 | INE906B07EH2 | INE906B07EI0 | INE906B07EJ8 |
| BSE Script | 935578 | 935580 | 935582 | 935584 |
| Maturity | 11 Jan 2026 | 11 Jan 2026 | 11 Jan 2031 | 11 Jan 2031 |
| Maturity Amt | 1000 | 1000 | 1000 | 1000 |
Call for Investment : Rajendra – 07719917444 Mail ID : rajendra@puneinvest.com [/wptabs] Call for Investment : Rajendra – 077 1991 7444 Mail ID : rajendra@puneinvest.com
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