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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.
| Issue Open | October 17, 2022 - October 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 |
Category  |
NCD's Allocated |
|---|---|
| Institutional | 25% |
| Non-Institutional | 25% |
| HNI | 25% |
| Retail | 25% |
| 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% | |||||
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.
| 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 | |||
The net Issue proceeds will be utilised towards the following objects:
The National Highways Infra Trust NCD Oct 2022 was subscribed 6.69 times on October 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) |
|---|---|
| Retail | 3.16x |
| HNI | 2.85x |
| Non-Institutional | 11.02x |
| Institutional | 9.74x |
| Total | 6.69x |
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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
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://kosmic.kfintech.com/ipostatus/
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