[.]| Listing at BSE, NSE | Mon, Oct 17, 2022 - Tue, Oct 18, 2022
National Highways Infra Trust NCD issue is a public issue of secured, redeemable, non-convertible debenture , issued under a Shelf Prospectus of ₹750.00 Cr with a base issue size of ₹750.00 Cr and an option to retain oversubscription up to ₹[.] Cr, aggregating to a tranch issue size of ₹[.] Cr. The NCDs are offered at a face value ₹1000 each and an issue price of ₹1000 per NCD.
National Highways Infra Trust NCD issue opens on Oct 17, 2022 and closes on Oct 18, 2022. NCD are proposed to be listed on NSE and BSE.
The minimum lot size is 10 NCDs, requiring a minimum investment of ₹ 10,000 , while the market lot for trading is 1 NCD.
The issue offers interest rates ranging from per annum to per annum, depending on the series and tenure selected.
The NCD has been rated: .
JM Financial Ltd. is the Lead Manager to the issue, is the Debenture Trustee, and Kfin Technologies Ltd. is the Registrar to the Issue.
Investors are advised to refer to the NCD Offer Document for detailed information on risk factors, financials, and the terms of the issue.
Open Date
Mon, Oct 17, 2022
Close Date
Tue, Oct 18, 2022
Issue Size (Overall)
[.]
Coupon Rates
| Series 1 | Series 2 | Series 3 | ||||||
|---|---|---|---|---|---|---|---|---|
| Frequency of Interest Payment | Semi-Annually | Semi-Annually | Semi-Annually | |||||
| Nature | Secured | |||||||
| Tenor | 13 years | 18 years | 25 years | |||||
| Coupon Rate (Retail) | 7.90% | 7.90% | 7.90% | |||||
| Effective Yield (% per Annum) | 8.05% | 8.05% | 8.05% | |||||
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 0 | 0 | -0.68 |
| 31-Mar-22 | 7548.98 | 149.75 | 68.36 |
| Amount in ₹ Crore | |||
| Category | Allocated (%) | Shares Reserved |
|---|---|---|
| Institutional | 25.00% | 18,75,000 |
| Non-Institutional | 25.00% | 18,75,000 |
| HNI | 25.00% | 18,75,000 |
| Retail | 25.00% | 18,75,000 |
| Total | 100.00% | 75,00,000 |
National Highways Infra Trust is a registered infrastructure investment trust under the InvIT Regulations. The company currently have a right to toll, operate and maintain a portfolio of five Initial Toll Roads in the Indian states of Gujarat, Rajasthan, Telangana and Karnataka, and intends to toll, operate and maintain a portfolio of three Target Toll Roads in the Indian states of, Telangana, Maharashtra, Uttar Pradesh and Madhya Pradesh under the Toll Operate Transfer ("TOT") model conceived by NHAI.
National Highways Infra Trust ("Trust") was settled on October 19, 2020. The Trust was registered with SEBI on October 28, 2020, under Regulation 3(1) of the InvIT Regulations and has obtained a certificate of registration from SEBI bearing number IN/InvIT/20-21/0014. The Trust is an infrastructure investment trust established for making investments in special-purpose vehicles.
The net Issue proceeds will be utilised towards the following objects:
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The National Highways Infra Trust NCD Oct 2022 was subscribed 6.69 times on Oct 18, 2022 17:00. The NCD subscribed 3.16 times in Retail, 2.85 times in HNI, 11.02 times in Non-Institutional, and 9.74 times in Institutional category.
National Highways Infra Trust
G - 5 & 6, Sector 10,
Dwarka,
New Delhi – 110 075
New Delhi, New Delhi, 110075
NSE and BSE offer NSEgoBid and BSEDirect apps/websites through which retail investors can apply for NCDs up to Rs 5 lakhs. Not all brokers and banks provide the facility to apply for NCD online.
To apply for an NCD online, the investor should fill in the NCD bid details online and provide the details of the DP and bank accounts (ASBA/UPI) as requested. In the case of a UPI application, the investor needs to approve the UPI mandate to complete the application process.
Steps to invest in NCD IPO through GoldenPi
Retail investors can apply for an IPO online if the investment amount is less than or up to 10 lakhs.
Steps to apply for NCD IPO with Indiabonds:
You can buy or invest in NCD IPOs through the following intermediaries:
The investor can apply for the NCD IPO online through NCD intermediaries such as a registered stockbroker, provided the broker offers an online application for the NCD IPO. Not many brokers allow you to invest in an NCD IPO online. Currently, very few brokers, such as Nuvama Wealth, Angel One, and SBI Securities, offer the facility to apply for NCD IPOs electronically. You should check with your broker or intermediary to see if the online application facility for the NCD IPO is available through them.
Refer to the detailed guidelines on NSEgoBID and BSEDirect for information on the registration process and how to apply for NCDs through the exchange.
Important links :
Read more about NCD Application Process.
The minimum amount required for NCD investment is Rs. 10,000.
Generally, the minimum lot size of NCD is 10, and the face value is 1,000.
NCD allotment can be checked on the BSE website or with the Registrar once the allotment has been made.
Steps to check the NCD allotment status at the BSE:
Alternatively, the applicant can also check the allotment status on the respective website of the Registrar for the issue. The applicant will need their PAN details or the applicant's Aadhaar number to check the status.
Generally, all applicants receive full allotment due to the retention of the oversubscription option.
Read more information on NCD Subscription and NCD Allotment Process.
No, you cannot withdraw or redeem National Highways Infra Trust NCDs before maturity directly from the company. However, there are a couple of options available if you want to exit early:
If the NCDs are listed on stock exchanges (like BSE/NSE), you can:
Only possible if a "call option" exists.
Read more about NCD Subscription and Allotment Process
Bid Cancellation and Withdrawal Policy for NCD Applicants
Note:
The specific process and conditions for post-closure cancellation vary by issuer. Applicants should refer to the Offer Document for issuer-specific guidelines.
