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National Highways Infra Trust NCD (National Highways Infra Trust NCD Oct 2022) Detail

Oct 17, 2022 - Oct 18, 2022
National Highways Infra Trust Logo

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.

National Highways Infra Trust NCD Oct 2022 Detail

Issue Open Oct 17, 2022 - Oct 18, 2022
Security Name National Highways Infra Trust
Security Type Secured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Issue Size (Base) Rs 750.00 Crores
Issue Size (Shelf) Rs 750.00 Crores
Issue Price Rs 1000 per NCD
Face Value Rs 1000 each NCD
Minimum Lot size 10 NCD
Market Lot 1 NCD
Listing At BSE, NSE
Credit Rating PROVISIONAL CARE AAA;Stable by CARE Ratings and PROVISIONAL IND AAA/Stable’ by India Ratings and Research Private Ltd
Tenor 13 years, 18 years and 25 years
Series

Series I to III

Payment Frequency Semi-Annual
Basis of Allotment First Come First Serve Basis

NCD Allocation Ratio

Category ? NCD's Allocated
Institutional 25%
Non-Institutional 25%
HNI 25%
Retail 25%

NCD's Offered by Category

Category ? NCD's Reserved
Institutional 1,875,000
Non-Institutional 1,875,000
HNI 1,875,000
Retail 1,875,000
Total NCD's 7,500,000

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%

NCD Rating

The NCDs proposed to be issued under this Issue have been rated PROVISIONAL CARE AAA; Stable' by CARE Ratings Limited for an amount of up to Rs 15,000 million by way of their letter dated August 25, 2022 and further revalidated on September 23, 2022 and rated as 'PROVISIONAL IND AAA/Stable' by India Ratings and Research Private Limited for an amount of up to Rs 15,000 million.

Company Financials

National Highways Infra Trust Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After Tax
31-Mar-2100-0.68
31-Mar-227548.98149.7568.36
Amount in ₹ Crore

Objects of the Issue

The net Issue proceeds will be utilised towards the following objects:

  • Infusion of debt into the Project SPV: The proceeds of the debt infused into the Project SPV shall be utilized by the Project SPV for: (a) part payment of (i) initial estimated concession value to the Sponsor, in terms of the Concession Agreements; (ii) initial improvement cost; (iii) major maintenance cost; and/or (b) creation and maintenance of major maintenance reserve, if any; and/or any (c) any general corporate purposes.
  • In the event that the Bridge Loan Facility has been drawn instead (whether partly or fully) ("Bridge Amount") by the Trust, then the Trust proposes to utilise the Issue proceeds to such extent to repay the Bridge Amount.
  • General corporate purposes.

National Highways Infra Trust NCD Oct 2022 Prospectus

National Highways Infra Trust NCD Oct 2022 Subscription Status

The National Highways Infra Trust NCD Oct 2022 was subscribed 6.69 times on Oct 18, 2022 5:00:00 PM. The NCD subscribed 3.16 times in Retail, 2.85 times in HNI, 11.02 times in Non-Institutional, and 9.74 times in the Institutional category.

Category ?Subscription (times)
Retail3.16x
HNI2.85x
Non-Institutional11.02x
Institutional9.74x
Total6.69x

Check Day by Day Bidding Details

National Highways Infra Trust NCD Oct 2022 Rating

36
3.6
Rating:Rated 3.6 stars
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National Highways Infra Trust NCD Oct 2022 Reviews

Company Contact Information

National Highways Infra Trust
G - 5 & 6, Sector 10,
Dwarka,
New Delhi – 110 075

Phone: +91 11 2507 6536
Email: nhit@nhai.org
Website: https://www.nhaiinvit.in/index.html

National Highways Infra Trust NCD Oct 2022 Registrar

KFin Technologies Limited
   KFintech, Tower-B, Plot No 31 & 32,
   Financial District, Nanakramguda, Gachibowli,
   Hyderabad, Telangana India - 500 032.

Phone: 04067162222, 04079611000
Email: nhit.ncdipo@kfintech.com
Website: https://karisma.kfintech.com/


27 Comments

27. Shah malay   I Like It. |Report Abuse|  Link|Oct 27, 2022 10:11:41 AMReply
NHAI NCD ka listing kab he
27.1. Ipo Stonks   I Like It. |Report Abuse|  Link|Oct 27, 2022 4:20:36 PM
Tomorrow
27.2. Pravin Chaudhari   I Like It. |Report Abuse|  Link|Nov 3, 2022 4:05:31 PM
Mera bid reffund nhi hua
26. SUMAN KEDIA   I Like It. |Report Abuse|  Link|Oct 31, 2022 6:23:39 PMReply
Please let me know the date of allotment of NHIT issue.
25. SabChangaSi   I Like It. |Report Abuse|  Link|Oct 28, 2022 10:10:15 PMReply
Search NHIT In broker terminal
24. Pranav Parekh   I Like It. |Report Abuse|  Link|Oct 28, 2022 1:07:50 PMReply
What is the script code??
23. Naga Raju Linga   I Like It. |Report Abuse|  Link|Oct 26, 2022 8:46:50 PMReply
NHAI NCD allotment status link
https://kcas.kfintech.com/ipostatus/
22. Naga Raju Linga   I Like It. |Report Abuse|  Link|Oct 26, 2022 11:58:43 AMReply
NCDs not yet credited in my demat account but 70% money is deducted. How and where to check?
21. ARJUN'S EYE   I Like It. 1|Report Abuse|  Link|Oct 26, 2022 1:43:15 AMReply
Ncd credited in account....
20. rahul   I Like It. |Report Abuse|  Link|Oct 25, 2022 9:07:10 PMReply
Just received message that ncd are credited to my DP a/c.
19. ARJUN'SEYE   I Like It. |Report Abuse|  Link|Oct 25, 2022 8:07:30 PMReply
Bonds not credited in demat account....
18. bhaskar   I Like It. 1|Report Abuse|  Link|Oct 25, 2022 3:41:18 PMReply
In another account, SBI netbanking delayed by one day and did the bidding on Oct 18 2022 1:09PM. But still that account got 70% allotment. If it was oversubscribed first day itself then why I got allotment in the second day?

Why first day bidders got proportional allotment? First come first serve should be by time and not day basis, we have the tracking for it.
17. pradeep kumar mittal   I Like It. |Report Abuse|  Link|Oct 25, 2022 2:48:25 PMReply
please tell me listing date
16. Abhik   I Like It. |Report Abuse|  Link|Oct 24, 2022 11:19:14 AMReply
Are the bonds credited in demat account. When is the listing date
15. bhaskar   I Like It. |Report Abuse|  Link|Oct 22, 2022 1:52:06 AMReply
For me also 70% deducted. Very strange, it was supposed to be first come first served basis allotment then why have they done proportional allotment. My application was bid in the first day at 10am itself.
15.2. Nirmal bhatt   I Like It. |Report Abuse|  Link|Oct 23, 2022 7:16:06 PM
As issue oversubscrib on first day hence allotement is less/prpotionately
15.3. Jatin Shah   I Like It. 1|Report Abuse|  Link|Oct 23, 2022 8:40:42 PM
First come first serve basis is calculated basis all applications received per day. It's not decided on hourly basis.
14. Deepbave   I Like It. |Report Abuse|  Link|Oct 22, 2022 5:36:22 PMReply
NHAI NCD listing date not announced. Can any one tell the same
13. rahul   I Like It. |Report Abuse|  Link|Oct 21, 2022 7:37:40 PMReply
Just now money debited from my a/c .
about 70% allotment received
13.1. Satyendra   I Like It. |Report Abuse|  Link|Oct 21, 2022 9:10:31 PM
70% deducted
12. rahul   I Like It. |Report Abuse|  Link|Oct 18, 2022 3:27:24 PMReply
No need to apply now as you will not get any allotment now as issue is over subscribed yesterday and its first come basis.
11. B G Rawat   I Like It. |Report Abuse|  Link|Oct 17, 2022 9:24:34 PMReply
What is the limit for Retail limit -- 2 lakhs as in Share IPO ?? Can anyone tell
11.1. Deepbave   I Like It. |Report Abuse|  Link|Oct 18, 2022 12:03:50 PM
its 10 lacs
10. Dilip Davda   I Like It. 1|Report Abuse|  Link|Oct 18, 2022 9:57:17 AMReply
In view of the overwhelming response to this debt offering, the company has decided to close the issue today. Thus today is the last day to apply this lucrative debt issue.
9. AhamBrahmasmi   I Like It. |Report Abuse|  Link|Oct 17, 2022 7:25:10 PMReply
How do retail investors take care of Coupon Reinvestment Risk? If rates go down, will the investors sell the bond before the Macaulay duration? And if rates go up, will they hold till after the Macaulay Duration?
8. AhamBrahmasmi   I Like It. |Report Abuse|  Link|Oct 17, 2022 7:18:07 PMReply
How do retail investors take care of Coupon Reinvestment Risk?