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 – 

IssuerNational Highway Authority of India
Type of InstrumentSecured, Redeemable, NCD
Issue Open17 Dec 2015
Issue Close31 Dec 2015
Issue Size10000 Cr
Face ValueRs. 1,000
Min. Application Size5 Bonds (Rs.5000) & multiply of 1 Bond thereafter
Max Application Size (for Retail)10 Lacs
Mode of AllotmentD'mat & Physical Form
ListingBSE & NSE
Interest on Refund Money5% p.a.
Frequency of Interest PaymentAnnually

NHAI Tax Free Bond Issue Structure

10 Years15 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 ICat IICat IIICat IVTotal
Issue Size2,000 Cr2,000 Cr2,000 Cr4,000 Cr10,000 Cr
30 DecSubscribe8160.03 Cr7096.21 Cr3492.96 Cr3360.64 Cr22109.85
No of times4.083.551.740.84
Unsubscribe639.36 Cr
24 DecSubscribe8160.03 Cr7055.67 Cr3489.423199.4021904.53 Cr
No of times4.083.521.740.82.19
Unsubscribe---800.60 Cr
23 DecSubscribe8160.03 Cr7055 Cr3513.96 Cr3168.19 Cr21897.18 Cr
No of times4.083.531.760.792.19
18 DecSubscribe8160 Cr7069 Cr3496 Cr2793 Cr21518 Cr
No of time4.083.531.750.702.15
Unsubribe---1207 Cr-
17 Dec 2015Subscribe81,45 Cr70,63.45 Cr34,90.15 Cr25,08.1 Cr21,206 Cr
No of times4.073.531.750.632.12
Unaubscribe1491.9 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 : 

In case you are not received the Certificate with in 10 clear working days from the date of dispatch, please contact your nearest post office. (Take help your area postman)

NHAI Tax Free Bond Basis of Allotment

nhai basis of allotment

Tax Free BondNational Highway Authority of India
Issue Open17 Dec 2015
Issue Close31 Dec 2015
Issue RegistrarKarvy Computershare Private Ltd
Listing ExchangeBSE
Allotment Date11 Jan 2016
Listing Date14 Jan 2016
Interest Payment DateFirst Payment Date : 1 April 2016
Face Value1000
Circular Ref. No20160113-4
Period10 yr10 yr15 yr15 yr
BSE Script935578935580935582935584
Maturity11 Jan 202611 Jan 202611 Jan 203111 Jan 2031
Maturity Amt1000100010001000


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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