DSK NCD Issue gets overwhelming response from Sr Citizens and Women

Published on Sunday, August 24, 2014 by Dilip Davda

Women and senior citizens have bid for over 105000 (65%) of retail investors category (Category 3) of secured redeemable Non-Convertible Debentures Public Issue of D. S. Kulkarni Developers Limited. The Issue is nearly 108% subscribed (on base size of Rs. 200 crore) as of August 22, 2014, while Category 3 is subscribed 1.33 times. The Issue is poised to close on August 26, 2014. According to experts, interest rates being offered by the Company (with effective yields ranging from 13.1% p.a. to 13.52% p.a.) are better than the yields prevailing for bonds of other comparable companies in the secondary market. Another attractive feature for women and senior citizens is that there is no TDS if bonds are held in demat account, which is very useful to senior citizens and women because their overall income is generally below taxable limits. All non-ASBA applicants will be paid interest on application money on the amount allotted @7% per annum. The rate of interest on application money, which is liable to be refunded, will be @6% per annum.

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About Author

DISCLAIMER: No financial information whatsoever published anywhere here should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published here. Any reader taking decisions based on any information published here does so entirely at own risk. Investors should bear in mind that any investment in stock markets are subject to unpredictable market related risks. Above information is based on RHP and other documents available as of date coupled with market perception. Author has no plans to invest in this offer.

(SEBI registered Research Analyst-Mumbai).

About Dilip Davda

Dilip Davda is veteran journalist associated with stock market since 1978. He is contributing to print and electronic media on stock markets/insurance/finance since 1985.

Dilip Davda is a leading reviewer of public issues and NCDs in the primary stock market in India. The knowledge he gained over 3 decades while working in the stock market and a strong relationship with popular lead managers makes his reviews unique. His detail fundamental and financial analysis of companies coming up with IPO helps investors in the primary stock market. Dilip Davda has a special interest in analyzing the SME companies and writing reviews about their public issues. His reviews are regularly published online and in news papers.

Email: dilip_davda@rediffmail.com

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