[.]| Listing at BSE, NSE | Tue, Dec 3, 2013 - Thu, Dec 5, 2013
NTPC Ltd. 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.
NTPC Ltd. NCD issue opens on Dec 3, 2013 and closes on Dec 5, 2013. 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
Tue, Dec 3, 2013
Close Date
Thu, Dec 5, 2013
Issue Size (Overall)
[.]
Incorporated in 1975, National Thermal Power Corporation Limited (NTPC) is the largest power generating company in India. It has emerged as an ‘Integrated Power Major’, with presence in the entire value chain of power generation business. Apart from power generation, which is the mainstay of the company, NTPC has already ventured into consultancy, power trading, ash utilization and coal mining. NTPC ranked 317th in the ‘2009, Forbes Global 2000’ ranking of the World’s biggest companies.
NTPC (formerly National Thermal Power Corporation), a maharatna company of the central government, will offer tax-free secured redeemable non-convertible bonds that opens on 3rd December 2013. NTPC is the largest power producer in India in terms of both installed capacity and generation, with aggregate installed capacity of 41,184 MW (including 35,820 MW through directly owned units and 5,364 MW through subsidiaries and joint ventures), representing market share of 18.44 percent of India’s total installed capacity as on March 31, 2013.
NTPC will offer better rates for 10 and 15 years than NHPC bonds that received overwhelming response in the recent past. The rate for 20 years is almost unchanged. NTPC coupon rates for retail individual investors will be 8.66%, 8.73% and 8.91% for 10, 15 and 20 year bonds. It has been assigned AAA rating by ICRA and CRISIL.
NTPC issue size is Rs 1,000 crore with an option to retain oversubscription up to Rs 750 crore for issuance of additional bonds, aggregating to up to Rs 1,750 crore. Each bond is of a face value of Rs. 1000 each and minimum application is to be made for 5 bonds and in multiple of 1 bond thereafter. The Bonds will be issued in both physical mode (other than to investors who are eligible QFIs as detailed in the Prospectus. However, trading will take place in demat form only.
The funds raised through this issue will be utilized for:
1. funding of capital expenditure; and
2. refinancing for meeting the debt requirement in on-going projects, including recoupment of expenditure already incurred.
[Dilip Davda] A better rated Tax Free bonds worth grabbing.
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NTPC Ltd.
NTPC Bhawan, SCOPE Complex, 7,
Institutional Area,
Lodhi Road, New Delhi 110 003
New Delhi, New Delhi, 110003
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 NTPC Ltd. 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.
