Chittorgarh.com Logo
Loading...
Power Finance Corp NCD January 2021 Detail
Issue Open Jan 15, 2021
Issue Close Jan 18, 2021
Issue Size (Base) ₹500.00 Crores
Issue Size (Shelf) ₹4,500.00 Crores
Issue Price ₹1000 per NCD
Listing At BSE

Power Finance Corp NCD January 2021 Date & Price

The Power Finance Corp NCD January 2021 issue opens on Jan 15, 2021, and closes on Jan 18, 2021, for the subscription.

Note that the public issue of NCD is closed early in case it is fully subscribed (base + shelf) before its issue closing day.The allotment is done on a First Come First Serve Basis.

Power Finance Corporation Limited NCD IPO dates are as below:

Power Finance Corp NCD January 2021 Issue Timetable

Bid/Offer Opens OnJan 15, 2021
Bid/Offer Closes OnJan 18, 2021
Record Date
Deemed Date of Allotment

Sorry, Power Finance Corp NCD January 2021 DRHP PDF Document is not available at this time.

Power Finance Corp NCD January 2021 Red Herring Prospectus (RHP) PDF

Power Finance Corp NCD January 2021 price is set at ₹1000 per NCD.

The NCD's will be issued at a face value of ₹1000 each NCD.

Each application should be for a minimum of 10 NCD's and multiples of 1 NCD thereof.

Power Finance Corp NCD January 2021 remain open for subscription on working days from 10:00 a.m. to 5:00 p.m until Jan 18, 2021. The bid may close earlier in case it is fully subscribed.

Power Finance Corporation NCD Coupon Rates

Tenure 3 Years 5 Years 10 Years 10 Years 10 Years 15 Years 15 Years
Nature Secured
Series I II III IV V VI VII
Frequency of Interest Payment Annual Annual Quarterly Annual Annual Quarterly Annual
Minimum Application 10 NCDs (₹10,000) (across all options of NCDs)
In multiples, of 1 NCD after the minimum application
Face Value of NCDs (₹/NCD) ₹1,000
Issue Price (₹/NCD) ₹1,000
Coupon for Category I and II 4.65% 5.65% 6.63% 6.80% Benchmark
FIMMDA
10Yr G-Sec
(Annualised)
+ 55 BPS
6.78% 6.95%
Coupon for Category III and IV 4.80% 5.80% 6.82% 7.00% Benchmark
FIMMDA
10Yr G-Sec
(Annualised)
+ 80 BPS
6.97% 7.15%
Redemption Amount (Rs/NCD) 1,000 1,000 1,000 1,000 1,000 1,000 1,000
Redemption Date 3 Years 5 Years 10 Years 10 Years 10 Years 15 Years 15 Years
Effective Yield (% per annum) for Category I and II 4.65% 5.65% 6.79% 6.80% - 6.95% 6.95%
Effective Yield (% per annum) for Category III and IV 4.80% 5.80% 6.99% 7.00% - 7.15% 7.15%
Put and Call Option Not Applicable

The NCD's have a fixed maturity date. The date of maturity of the NCD's is 3. 5, 10 and 15 years.

Power Finance Corp NCD January 2021 Issue Size and Subscription Status

The Power Finance Corp NCD January 2021 consist of a base issue and a shelf issue.

  • NCD Base Issue Size: ₹500.00 Crores
  • NCD Shelf Issue Size: ₹4,500.00 Crores

Note that the Shelf issue is an option to retain oversubscription up to shelf issue size over and above the base issue.

Sorry, The number of shares offered in Power Finance Corp NCD January 2021 is not available at this time. Please revisit us for latest updates.

No, NRI's are not eligible to apply in this Issue.

You could check Power Finance Corporation Limited NCD Grey Market Premium (GMP Rate) by visiting our Grey Market Price (Message Board).

Note that there is no official source of GMP Rate as they are over-the-counter transactions.

Power Finance Corp NCD January 2021 Allotment and Listing

The NCD's are proposed to be listed on BSE.

Applicants are allocated NCD's on a First Come First Serve Basis.

The Power Finance Corporation Limited Allotment Status is not available online at this time.

The Power Finance Corporation Limited NCD listing data are not available. The date is published by the exchange a couple of days before the NCD listing.

It is hard to say at what price Power Finance Corp NCD January 2021 NCD's will list. The price varies by the demand and supply of NCD on the day of listing.

Power Finance Corporation Limited NCD - Should I apply?

Sorry, we do not provide NCD recommendations. But we share a lot of information about Power Finance Corp NCD January 2021 which could help you with questions like Power Finance Corp NCD January 2021 buy or not? You should also read Power Finance Corp NCD January 2021 Analysis from experts and check the daily subscription status.

It depends on many factors like company financials, segment outlook, market situation, issue pricing, the background of promoters, lead managers performance, company strengths, risks and oversubscription. You should read the prospectus document, NCD Analysis from experts and follow the subscriptions before you make the decision to apply in an NCD public Issue.

Power Finance Corporation Limited NCD listing day gains are unpredictable as depends on many factors on the day listing. It depends on factors like the demand, the market situation on the day of listing, NCD Issue size etc.