Religare Finvest Limited NCD (Religare Finvest NCD Sept 2011) Detail

Sep 9, 2011 - Sep 26, 2011

Religare Finvest Ltd is a wholly owned subsidiary of Religare Enterprises Limited ("REL") and a diversified financial services company. They are Non-Deposit Accepting NBFC, focussing on small and medium enterprises ("SME") financing and retail capital market financing.

Company's lending products aimed at providing financing to the SME segment include:

1. Loan against Property
2. Loan against Commercial Assets
3. Loan against Marketable Securities
4. Loan against Plant & Machinery
5. Unsecured Working capital finance

Retail capital market financing includes the following products:

1. Loan against Shares
2. ESOP Funding

Options:

The company has two options under which a minimum of Rs. 10000 is to be invested. The face value of NCDs will be of Rs. 1000 each. Under option I, the NCDs will bear interest rate of 12.10% for category I, 12.25% for category II and 12.50% for category III and will have tenure of 60 months. Under option II the interest rates will be 12.00%, 12.15% and 12.25% respectively for the three categories and the tenure will be for a period of 36 months. Both these option have no put and call option attached.

Religare Finvest NCD Sept 2011 Detail

Issue OpenSep 9, 2011 - Sep 26, 2011
Security NameReligare Finvest Limited
Security Type
Issue Size (Base)Rs 800.00 Crores
Issue Size (Shelf)Rs [.] Crores
Issue PriceRs 1000 per NCD
Face ValueRs 1000 each NCD
Minimum Lot size
Market Lot
Listing AtBSE
Credit Rating
Tenor
Series
Payment Frequency
Basis of Allotment

NCD Allocation Ratio

NCD's allocated in each investor category:

Category ?NCD's Allocated
Category 10%
Category 20%
Category 30%
Category 40%

Company Promoters:

The promoter of the company is Religare Enterprises Limited

Objects of the Issue:

The object of the issue are to:

1. Lending and investments;
2. Repay the existing debt;
3. Working capital requirements.

Religare Finvest NCD Sept 2011 Prospectus

Religare Finvest NCD Sept 2011 Rating

29
3.9
Rating:Rated 3.9 stars

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Company Contact Information

Religare Finvest Limited
D3, P3B,
District Centre,
Saket, New Delhi - 110 017, India

Phone: +91 011 3912 5000
Email: investors.rfl@religare.com
Website: http://www.religarefinvest.com

Religare Finvest NCD Sept 2011 Registrar

Link Intime India Private Ltd
   Link Intime India Private Ltd
   C 101, 247 Park, L.B.S.Marg,
   Vikhroli (West), Mumbai - 400083

Phone: +91-22-4918 6270
Email: religare.ncd@linkintime.co.in
Website: http://www.linkintime.co.in

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38 Comments

harishkumar
38. harishkumar  Apr 10, 2012 12:31
CURRENT MARKET PRICE OF HUDCO BOND IS 975/- ISSUE PRICE IS RS.1000/- IT GIVES 8.20% TAXFREE INTEREST TO BUYER OF THE BOND. TAXBENEFIT FOR 15 YEARS. NATIONALIZED BANKS ARE GIVING 9.25% TAXABLE INTERST. INT. RATE CAN GO DOWN. BONDS CAN BE SOLD IN MARKET AND GET LIQUIDITY WITHIN 3 DAYS. PRICE OF RS.1050/- IS POSSIBLE BEFORE 30/06/2012 IN HUDCO BOND CONSIDERING ABOVE FACTORS.
kt
37. kt  Apr 4, 2012 11:05
can any one ell wch bonds are good in mrkt for maximum intrest rates....
kt
36. kt  Mar 26, 2012 15:09
aashish , can u elobrate how we will get 19 % in shriram nd and nc ?
TCB
35. TCB  Mar 11, 2012 17:32
Dear Saharanpuri,
REC Bonds are going to list ONLY on BSE. If you compare the traded price of PFC Bonds which are listed only on BSE with the traded price of NHAI Bonds which are listed on NSE & BSE, you can easily find out that PFC Bonds trade about Rs.10-12 lower than NHAI Bonds even though interest rate and period of both the bonds are same. If we apply the same logic to IRFC and REC Bonds which have nearly same interest rate, REC Bonds may list at discount as IRFC bonds are trading at par. Ofcourse, there will be some positive effect of 0.75% CRR cut and some more positive effect of Repo rate cut (if it happens on 15/3/12). But still, I think the listing gain may not be much.
P Badala
34. P Badala  Mar 11, 2012 16:46
@487 Saharanpuri
Why 15 year IRFC bond is at par while 10 year one @ 1017-18 ?

It is globally observed that 10 year bonds remain in high demand and most of the institutional investors & big investors invest in 10 year bonds. That is the reason they primarily go for 10 year bonds and not 15 year bonds. They dont apply in these bonds just for listing gains and hold on to their investments for a long term.I think it is primarily because of the fact that Retail Investors mostly apply for 15 year bonds with higher interest rates and start selling them as soon as they list and This increse supply reduces the prise.


P Badala
33. P Badala  Mar 11, 2012 16:29
@487 Saharanpuri
Taking OD of 13.5 percent to apply REC bond plus cost of trasction when you sell these bonds, does not make wise sence,particularly when in March liquidity is very tight and there is doubt that the issue will fully subscribe,and if this comes true you imagine the price at which these bond will list. The current CRR cut will improve the liquidity and this will reduce the yeild and it will have posative impact on bond prices again it is to be seen how much will be impact. As far as rate cut what you are hoping will again depend on inflation if it does not comes down RBI is not going to cut the rate. If one has surplus money one can take chance but not by taking OD.
ash purne
32. ash purne  Mar 11, 2012 09:39
where do we get present subscription details of rec tax free bonds
ashish furia
31. ashish furia  Mar 1, 2012 22:20
When is the allotment for hudco tax free bonds 2012
sbb
30. sbb  Feb 23, 2012 12:21
irfc premium @ 13-14
vishal investment
29. vishal investment  Feb 23, 2012 08:50
irfc allotment date plz
B.R.Shah Stock Broking Pvt. Lt
28. B.R.Shah Stock Broking Pvt. Lt  Feb 9, 2012 21:22
Tell me listing of PFC Bond?? and what u expect rate???
inator inator
27. inator inator  Feb 3, 2012 10:49
PFC bonds credited on Friday. Full allotment for retails
UMANG KOTHARI
26. UMANG KOTHARI  Jan 31, 2012 09:16
After discussion with karvy,not decied yet.
inator inator
25. inator inator  Jan 30, 2012 13:54
Friday. (Karisma.karvy.com)
SONMAYA
24. SONMAYA  Jan 30, 2012 10:26
thanks. keyur mehta.
Keyur mehta
23. Keyur mehta  Jan 29, 2012 09:43
any body knows which site nhai allotment saw.
vishal investment
22. vishal investment  Jan 24, 2012 21:17
irfc 9000 premium (form commison + intrest)
sanju singh
21. sanju singh  Jan 17, 2012 19:45
i have no news regarding nhai bond allotment.is somebody got bond allotment status
ashish furia
20. ashish furia  Jan 14, 2012 10:03
The allotment happens somewhere 15 days after issue closes.
so i guess we should expect allotmnent news in the week of 23rd jan 2012.
gop
19. gop  Jan 14, 2012 08:41
hi pooja

thanks








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