This entry is part 12 of 13 in the series Tax Bonds

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Dreging Corporation of India Tax Free Bond  – Issue details

Dredging Corporation of India Ltd (DCIL) is aiming to raise Rs.500 crore through a tax-free bond issue.

The government-owned company, which provides integrated dredging services to ports and shipyards in India and the Indian NavyThe issue will close on March 15.

 

Product Note

Issue Highlight – 
IssuerDredging Corporation of India Ltd (DCIL)
Type of InstrumentSecured, Redeemable, NCD
Issue Open07, Mar, 2013
Issue Close15 Mar 2013
Issue Size500 Cr
Face ValueRs. 1,000
Min. Application Size5 Bonds (Rs.5000) & multiply of 1 Bond thereafter
Interest Annual
Mode of AllotmentD'mat & Physical Form
RatingAA by CARE, AA+ by BWR
ListingBSE

Issue Structure –

OptionsSeries 1
Tenor10 years
Coupon Rate %
Category - I, II, III6.97%
Category - IV (Retail)7.47%*

*Additional Interest of 0.50% p.a. shall only be available to the original Allottees under category IV. In the event of Sold/transfer , the Coupon rate shall stand revised to the coupon rate applicable for allottee falling under Category I, II , III.

Cheque Details-

Retail Investor  :

Bankers :   

About Issue

About the Issuer

Dredging Corporation of India Ltd was established in the year of 1976 to provide dredging services to the Major port of the country in India. DCI is a pioneer organization in the field of dredging and maritime development.

  • DCI is schedule B & MINI RATNA Category I – Public Sector Enterprise
  • DCI is an M. O. U. signing company with Govt. of India

Benefit to Investor

  •  The Income by way of Interest on these Bonds is fully exempt from Income Tax as per provision under section 10(15) (iv) (h) of IT act.
  • No TDS
  • Capital Gain Benefit – capital gain arising on the transfer of listed bonds shall be taxed @ 10% without Indexation or @20% with Indexation.

 

 

Allotment/Listing

Registrar of Issue :

Karvy Computershare Pvt. Ltd 

Allotment link

Listing on : BSE

Listing Details :

 

Tax Free BondDredging Corporation Ltd
Issue Open11 Mar 2013
Issue Close 15 Mar 2013
Issue RegistrarKarvy Computershare
Listing ExchangeBSE
NSE Script Code
BSE Script Code961761
BSE Script ID697DCI2023
Coupon Rate6.97% (Additional .50% interest extra for Retail Investor)
Allotment DateMar 28, 2013
Listing DateApr 2, 2013
ISIN NoINE506A07015 (10 Yr Bond)
Maturity Date28 Mar 2023 (10 yrs)
Interest Payment Date28 Mar 2014 (every year 28 mar)
Face Value1000

DCIL Listing Details PDF Download 

Depositories :

NSDL & CDSL

 

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