NHAI Tax Free Bond – Issue open 15 Jan 2014 National Highway Authorities of India (NHAI) is coming out with a Tax Free, Secured, Redeemable bond issue face value 1000 each, aggregating  to 3698.40 Cr. (Issue close 27 Jan) Allotment done- Check your Dmat a/c (BSE Listing -10 Feb 14)

Product Note

Issue Highlight – 
IssuerNHAI Tax Free Bond
Type of InstrumentSecured, Redeemable, NCD
Issue Open15 Jan 2014
Issue Close05 Feb 2014
Issue Size3698.40 Cr
Face ValueRs. 1,000
Min. Application Size5 Bonds (Rs.5000) & multiply of 1 Bond thereafter
Interest Annual
Mode of AllotmentD'mat & Physical Form
RatingAAA by CRISIL CARE BWR
ListingBSE & NSE
NHAI Issue Structure –
OptionsTranche 1- Series ITranche 1- Series II
Tenor10 years15 years
Coupon Rate %
Category - I, II, III8.27%8.50%
Category - IV (Retail)8.52%8.75%
NRI not allow to invest in this Issue Cheque Details- Retail Investor  :     NHAI Tax Free Bonds – Escrow Account  Bankers :  Note :   Application will be rejected if banked without uploading in the electronic system of the recognized stock exchange. (Bidding process)

About Issue

About the Issuer -NHAI

National Highway Authority of India, an autonomous body under the Ministry of Road Transport & Highways, Govt of India, established under Section 3 of the NHAI Act, 1988 having perpetual succession and common seal. The object of NHAI as specified in NHAI Act permits it to undertake its existing activities as well as the activities for which the funds are being raised through the Issue. NHAI intends to deploy the Issue proceeds towards part financing of the various projects being implemented by NHAI under the NHDP and other National Highway project approved by the 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.

 

Subscription Data

NHAI Tax Free Bond Subscription Data .
Cat ICat IICat IIICat IVTotal
Issue SIze 369.841109.52739.681479.363698.40
27 JanSubscribe5971110.85865.561522.894096.29
No of times1.611.011.171.031.11
Issue Closed
24 JanSubscribe5971110.85863.951501.644073.43
No of times1.611.011.171.021.10
Unsubcribe-----
23 JanSubscribe5971110.63862.871486.074056.56
No of times1.611.011.171.011.10
Unsubscribe-----
22 JanSubscribe5971110.58862.721394.403964.70
No of times1.611.001.170.941.07
Unsubscribe---84.96-
21 JanSubscribe5971110.58861.891267.153836.62
No of times1.611.001.170.861.04
Unsubscribe---212.21-
20 JanSubscribe5971110.58864.591165.853738.01
No of Times1.611.001.170.791.01
Unsubscribe---313.51-
17 JanSubscribe5971118.67862.08968.203545.95
No of times1.611.011.170.650.96
Unsubscribe---511.16152.45
16 JanSubscribe5971067.84858.91829.973353.72
No of times1.610.961.160.560.91
Unsubscribe-41.68-649.39344.68
15 JanSubscribe597865.62693.83617.142773.58
No of times1.610.780.940.420.75
Unsubscribe-243.9045.85862.22924.82
 

Allotment/Listing

NHAI Basis of Allotment

 

 

 

   
 Category

% Allotment

Applied

Available

Alloted

 QIB

62%

5,970,000

3,698,400

3,698,400

 Corporate

100%

10,759,124

11,095,200

10,759,124

100%

 HNI (1st Day)

100%

6,904,051

6,904,051

6,904,051

100%

 HNI (2nd Day)

44%

1,613,170

711,129

711,129

44%

 Retail

100%

14,911,296

14,911,296

14,911,296

100%

Fill up below after link activate send you allotment details on your mail ID  Allotment Details

Tax Free BondNational Highway Authority of India
Issue Open15 Jan 2014
Issue Close 27 Jan 2014
Issue RegistrarKarvy Computershare
Listing ExchangeBSE
Allotment Date5 Feb 2014
Listing Date10 Feb 2014
Interest Payment Date15 Mar Every Year
Face Value1000
Circular Ref. NoBSE -20140207-16
Series
Coupon8.27%8.52%8.50%8.75%
Period10 yr10 yr15 yr15 yr
ISIN NoINE 906B07DC5INE 906B07DD3INE 906B07DE1INE 906B07DF8
BSE Script 961823961824961825961826
NSE Script
Maturity5 Feb 20245 Feb 20245 Feb 20295 Feb 2029
Maturity Amt1000100010001000
Call  for Investment : Rajendra  – 0800 7750904 Mail ID  : rajendra@puneinvest.com
Call  for Investment : Rajendra  – 0800 7750904   Mail ID  : rajendra@puneinvest.com  Mumbai Pune, Satara, Kolhapur, Ahmednagar Collection facility available