NHPC Limited (NHPC) launched public Issue of Tax Free Bond Issue open for subscription on 18 Oct., 2013 & close on 11 Nov 2013 with an early closure option (close 23 Oct)
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[wptabtitle] Product Note[/wptabtitle] [wptabcontent]Issue Highlight –Tranche 1
| Issuer | NHPC Ltd |
|---|---|
| Type of Instrument | Secured, Redeemable, NCD having tax benefit u/s 10 (15) (iv) (h) |
| Issue Open | 18 Oct., 2013 |
| Issue Close | 11 Nov., 2013 (with option of early closure or extension) |
| Issue Size | 500 Cr. with an option to retain over subscription of 1000.00 Cr. |
| Face Value | Rs. 1,000 |
| Min. Application Size | 5 Bonds (Rs.5000) & multiply of 1 Bond thereafter (across all series bonds) |
| Interest | Annually |
| Mode of Allotment | D'mat as well as Physical Form |
| Rating | CARE AAA by CARE ,IRRPL & ICRA |
| Listing | Proposed on BSE & NSE |
| Interest on Application Money | On Allotment : same as coupon Rate On Refund : 5.00% P.A. |
Issue Structure –
| Options | Tranche 1 Series 1 B | Tranche 1 Series 2 B | Tranche 1 Series 3 B |
|---|---|---|---|
| Tenor | 10 years | 15 years | 20 years |
| Coupon Rate % | |||
| Category - I, II, III - Series A | 8.18% | 8.54% | 8.67% |
| Category - IV (Retail) Series B | 8.43% | 8.79% | 8.92% |
Cheque Details-
Retail Investor : “Escrow Account NHPC Public Issue “
Note : Application will be rejected if banked without uploading in the electronic system of the recognized stock exchange. (Bidding process)
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[wptabtitle] About Issue[/wptabtitle] [wptabcontent]About the Issuer
NHPC Ltd is a Mini Ratna Category-I hydroelectric power generating company dedicated to the planning, development and implementation of an integrated and efficient network of hydroelectric power project in India. The company has vast experience in the design, development, construction and operation of hydroelectric project. It also execute and manage all aspects of hydroelectric projects, from front-end engineering design to commissioning and operation and maintenance of the project. The company also provide contract-based technical, management advisory and consultancy services to domestic and international clients.
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. ( Tax Free Bond Interest not part of Total Income)
- No deduction of TDS from the interest
- No upper limit on investment amount
- No lock in period for the Bonds
- The Bonds shall be listed and can be traded on BSE
- Capital Gain Benefit – capital gain arising on the transfer of listed bonds shall be taxed @ 10% without Indexation or @20% with Indexation.
Pre Tax Returns are very attractive
| Options | Tax Free Bond Coupon | Tax Bracket 10.30 % | Tax Bracket 20.60% | Tax Bracket 30.90% |
|---|---|---|---|---|
| 10 Years | 8.43 % | 9.40 % | 10.62 % | 12.20 % |
| 15 Years | 8.79 % | 9.80 % | 11.07 % | 12.72 % |
| 20 Years | 8.92 % | 9.94 % | 11.23 % | 12.91 % |
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[wptabtitle] Subscription[/wptabtitle] [wptabcontent]ISSUE CLOSE Today
Today 21 Oct 2013 Issue is subscribed fully (29.02 Cr balance in retail category). Your new application in this bond issue as per draw basis (no confirm allotment ) & chance to refund money in your Bank Account.
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[wptabtitle] How to Apply[/wptabtitle] [wptabcontent]
First read details about Issue & clear all doubts before apply Issue. If follow process 100% allotment chances. Major reason for rejection is non proper filling Form.
- Every Application Form is unique Application No. (Same Application No use by two Applicant
- Bidding Process : Application will be rejected if banked without uploading in the electronic system of the recognized stock exchange
- Allotment on First come First serve Basis , Are you interested to Invest then submit Form early as possible (Application money Interest paid by Issuer )
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[wptabtitle]Listing[/wptabtitle] [wptabcontent]Trustee for Bondholders : IDBI Trusteeship Services Limited
Depositories : NSDL & CDSL
Allotment Listing Details Chart with ISIN No BSE/NSE Code
| Tax Free Bond 2013-14 | NHPC Ltd |
|---|---|
| Issue Open | 18 Oct 2013 |
| Issue Close | 23 Oct 2013 |
| Issue Registrar | Karvy Computershare |
| Listing Exchange | BSE / NSE |
| Allotment Date | 2 Nov 2013 |
| Listing Date | 7 Nov, 2013 |
| Interest Payment Date | 1 April - Every Year |
| Face Value | 1000 |
| Circular Ref. No | NSE : 917/2013 BSE - 20131106-6 |
| Series 1A | Series 2A | Series 3A | Series 1B | Series 2B | Series 3B | |
|---|---|---|---|---|---|---|
| Coupon | 8.18% | 8.54% | 8.67% | 8.43% | 8.79% | 8.92% |
| Period | 10 Years | 15 Years | 20 Years | 10 Years | 15 Years | 20 Years |
| ISIN No | INE 848E07518 | INE 848E07526 | INE 848E07534 | INE 848E07542 | INE 848E07559 | INE 848E07567 |
| BSE Script | 961787 | 961788 | 961789 | 961790 | 961791 | 961792 |
| NSE Script | NHPC.N1 | NHPC.N2 | NHPC.N3 | NHPC.N4 | NHPC.N5 | NHPC.N6 |
| Maturity | 2 Nov 2023 | 2 Nov 2028 | 2 Nov 2033 | 2 Nov 2023 | 2 Nov 2028 | 2 Nov 2033 |
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Application Form & Investment Call : Rajendra 800 775 0904
rajendra@puneinvest.com
Mobile 7719917444
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