[.]| Listing at BSE, NSE | Wed, Jan 15, 2014 - Wed, Feb 5, 2014
National Highways Authority of India NCD issue is a public issue of , issued under a Shelf Prospectus of ₹[.] Cr with a base issue size of ₹1,000.00 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 Authority of India NCD issue opens on Jan 15, 2014 and closes on Feb 5, 2014. NCD are proposed to be listed on NSE and BSE.
The minimum lot size is 5 NCDs, requiring a minimum investment of ₹ 5,000 , while the market lot for trading is 5 NCD(s).
The issue offers interest rates ranging from per annum to per annum, depending on the series and tenure selected.
A.K.Capital Services 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 [.] for detailed information on risk factors, financials, and the terms of the issue.
Open Date
Wed, Jan 15, 2014
Close Date
Wed, Feb 5, 2014
Issue Size (Overall)
[.]
The National Highways Authority of India (NHAI) is an autonomous agency of the Government of India, responsible for management of a network of over 70,000 km of National Highways in India. It is a nodal agency of the Ministry of Road Transport and Highways. Its functions include survey, development, maintenance and management of the NH and inter alia to construct offices or workshops, to establish and maintain hotels, restaurants and rest rooms at or near the highways entrusted to it, to regulate and control plying of vehicles, to develop and provide consultancy and construction services and to collect fees for services and benefits.
NATIONAL HIGHWAYS AUTHORITY OF INDIA (NHAI) is coming out with a tax free bonds issue on 15.01.14. The bonds having face value of Rs. 1000 are to be applied for a minimum subscription of 5 bonds and in multiples of 1 bond thereof, thereafter. The core issue is for Rs. 1000 crore with a green shoe option to retain oversubscription of Rs. 2698.40 crore thus taking the total size of the issue to Rs. 3698.40 crore.
These bonds carries coupon rate of 8.25% to 8.75% and having tenure of 10 years and 15 years. For retail investors (category IV) it offers 8.52% for 10 years and 8.75% for 15 years. These bonds are rated CRISIL/AAA Stable, CARE/AAA and BWR/AAA Stable, indicating highest degree of safety regarding timely servicing of financial obligations. Such instruments carry lowest credit risk.
The object of the issue are to part financing of the various projects being implemented by NHAI under the NHDP and other National Highway projects as approved by the GoI.
[Dilip Davda] Maximum investment recommended
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National Highways Authority of India
G - 5 & 6, Sector 10,
Dwarka,
New Delhi - 110075
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 Authority of India 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.
