IREDA Ltd NCD (IREDA NCD Jan 2016) Detail

Jan 8, 2016 - Jan 22, 2016

Indian Renewable Energy Development Agency Limited (IREDA) is registered as a systematically important non deposit taking NBFC. It is set up by Govt. of India under the administrative control of MNRE to promote, develop and extend financial assistance for renewable energy and energy efficiency projects.

The Union cabinet, in an ambitions push for solar energy has revised the cumulative target of grid Connected Solar Projects under Jawaharlal Nehru National Solar Mission (JNNSM) from 20,000 MW by 2021- 22 to 100,000 MW solar capacity by 2021-22. JNNSM will create an enabling policy framework to achieve this objective and make India a global leader in solar energy. The target of 100,000 MW will be met through 40,000 MW of rooftop solar projects and 60,000 MW of large and medium-scale grid-connected projects.

IREDA NCD Jan 2016 Detail

Issue OpenJan 8, 2016 - Jan 22, 2016
Security NameIREDA Ltd
Security Type
Issue Size (Base)Rs 1,716.00 Crores
Issue Size (Shelf)Rs [.] Crores
Issue PriceRs 1000 per NCD
Face ValueRs 1000 each NCD
Minimum Lot size5 NCD
Market Lot5 NCD
Listing AtBSE
Credit Rating
Tenor
Series
Payment Frequency
Basis of Allotment

NCD Allocation Ratio

NCD's allocated in each investor category:

Category ?NCD's Allocated
Category 1 (QIB)0%
Category 2 (NII)0%
Category 3 (HNI)0%
Category 4 (RII)0%

Objects of the Issue:

The proceeds of Issue may be utilized towards financing renewable energy and energy efficiency projects and augmenting their resource base.

Ratings

These bonds are rated as ICRA AA+ by ICRA and IND AA + by India Rating and Research Pvt Ltd, indicating high degree of safety regarding timely servicing of financial obligations. Such instruments carry very low credit risk.

Offerings

These bonds carries coupon rates of 7.28% (10 yrs), 7.49% (15 yrs) and 7.43% (20 yrs) for category I, II and III (i.e. non-retails) and for retail it offers 7.53% (10 yrs), 7.74% (15 yrs) and 7.68% (20 yrs). Interest payment will be done annually.

Useful Links

IREDA Tax Free Bonds Oversubscribed & Closed on Day 1

IREDA Tax Free Bonds gets overwhelming response on day one of subscription and is now stands closed.

On the base size of Rs. 1000 crore it is oversubscribed 5.09 times with a total subscription of 5092 crore with QIB 10.48 times, Corporates 5.16 times, HNI 3.51 times and Retail 3.13 times.

On the aggregate basis the issue is subscribed 2.97 times with Retail above 1.8 times.

IREDA NCD Jan 2016 Prospectus

IREDA NCD Jan 2016 Rating

12
3.4
Rating:Rated 3.4 stars

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IREDA NCD Jan 2016 Reviews

Company Contact Information

IREDA Ltd
India Habitat Centre,
Core 4 A, 1st Floor,
Lodhi Road, New Delhi - 110003

Phone: +91 (11) 24682206/19
Email: cs@ireda.gov.in
Website: http://www.ireda.gov.in

IREDA NCD Jan 2016 Registrar

KFintech Private Limited
   Selenium Building, Tower-B, Plot No 31 & 32,
   Financial District,Nanakramguda, Serilingampally,
   Rangareddi, Telangana India - 500 032.

Phone: 1-800-3454001
Email: ireda.ncd@linkintime.co.in
Website: https://karisma.kfintech.com/

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15 Comments

buzzz me
15. buzzz me  Feb 8, 2016 15:56 I Like It. | Report Abuse Reply 0
When is the date of listing?
Aris
14. Aris  Jan 26, 2016 23:22 I Like It. | Report Abuse Reply 0
check at

http://kosmic.karvy.com:81/ipotrack/
Deepak Baveja
13. Deepak Baveja  Jan 24, 2016 18:56 I Like It. | Report Abuse Reply 0
If no refund then you may be getting allotment.
ashish furia
12. ashish furia  Jan 23, 2016 09:55 I Like It. | Report Abuse Reply 0
Where do I check allotment status?
Deepak Baveja
11. Deepak Baveja  Jan 22, 2016 20:33 I Like It. | Report Abuse Reply 0
IREDA refund received. Applied on 11/1/16. No bonds allotted.
Deepak
10. Deepak  Jan 20, 2016 19:02 I Like It. | Report Abuse Reply 0
This scheme closed on 11th , as such those who applied on 8/9th will get full allotment & one who applied on 11th will get proportionate. Since the retail segment was oversubscribed by 1.92 times.
Is this understanding correct?
Deepak
9. Deepak  Jan 19, 2016 10:49 I Like It. | Report Abuse Reply 0
Does anyone knows when is the allotment date for IREDA Ltd
Deepak
8. Deepak  Jan 14, 2016 09:32 I Like It. | Report Abuse Reply 0
Listing today of NHAI bonds
Deepak
7. Deepak  Jan 13, 2016 19:44 I Like It. | Report Abuse Reply 0
Though these bonds are yielding low returns, I am interested due to huge amount of IT.
patel keyur
6. patel keyur  Jan 13, 2016 13:32 I Like It. | Report Abuse Reply 0
National Highways Authority of India
LISTING DATE PLZ MEMBERS
Deepak
5. Deepak  Jan 12, 2016 20:44 I Like It. | Report Abuse Reply 0
Any suggestions for NHAI bond listing ??? Whether it''s good for investment or should I sell on listing???
Got 500
Deepak
4. Deepak  Jan 12, 2016 10:35 I Like It. | Report Abuse Reply 0
Although acceptance of forms were virtually closed on 08.01.16 itself, as closure announcement was to be made that happened on 11.01.16 and thus few more additions took place and the issue finally got Rs. 5143 crore against base size of Rs. 1000 crore oversubscribing around 5.14 times. On aggregate size of Rs. 1716 crore it stood little below 3 times (2.997 times). ON aggregate basis only retail is oversubscribed over 1.91 times thus chances of proportionate allotment is around 50% of application.HNI stands oversubscribed around 2.06 and there too chances are of 50% allotment.
Deepak
3. Deepak  Jan 11, 2016 14:53 I Like It. | Report Abuse Reply 0
Tax free bond subscription to be closed on 11.01.2016, not earlier as stated.
Deepak
2. Deepak  Jan 8, 2016 22:52 I Like It. | Report Abuse Reply 0
Itlooks that it had oversubscribed on 8th itself, is it true or not.
patel keyur
1. patel keyur  Jan 6, 2016 11:09 I Like It. | Report Abuse Reply 0
National Highways Authority of India
allotment date plz








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