NHPC Limited (NHPC) launched public Issue of Tax Free Bond Issue open for subscription on 18 Oct., 2013 & close on 11 Nov 2013 with an early closure option (close 23 Oct)

Product Note

Issue Highlight –Tranche 1 
IssuerNHPC Ltd
Type of InstrumentSecured, Redeemable, NCD having tax benefit u/s 10 (15) (iv) (h)
Issue Open18 Oct., 2013
Issue Close11 Nov., 2013 (with option of early closure or extension)
Issue Size500 Cr. with an option to retain over subscription of 1000.00 Cr.
Face ValueRs. 1,000
Min. Application Size5 Bonds (Rs.5000) & multiply of 1 Bond thereafter (across all series bonds)
Interest Annually
Mode of AllotmentD'mat as well as Physical Form
RatingCARE AAA by CARE ,IRRPL & ICRA
ListingProposed on BSE & NSE
Interest on Application MoneyOn Allotment : same as coupon Rate On Refund : 5.00% P.A.

Issue Structure –

OptionsTranche 1 Series 1 BTranche 1 Series 2 BTranche 1 Series 3 B
Tenor10 years15 years20 years
Coupon Rate %
Category - I, II, III - Series A8.18%8.54%8.67%
Category - IV (Retail) Series B8.43%8.79%8.92%

Cheque Details-  

Retail Investor                 : Escrow Account NHPC Public Issue 

 Note :   Application will be rejected if banked without uploading in the electronic system of the recognized stock exchange. (Bidding process)

Bankers : 

About Issue

About the Issuer

NHPC Ltd is a Mini Ratna Category-I hydroelectric power generating company dedicated to the planning, development and implementation of an integrated and efficient network of hydroelectric power project in India. The company has vast experience in the design, development, construction and operation of hydroelectric project. It also execute and manage all aspects of hydroelectric projects, from front-end engineering design to commissioning and operation and maintenance of the project. The company also provide contract-based technical, management advisory and consultancy services to domestic and international clients.

 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. ( Tax Free Bond Interest  not part of Total Income)
  • No deduction of TDS from the interest
  • No upper limit on investment amount
  • No lock in period for the Bonds
  • The Bonds shall be listed and can be traded on BSE
  • Capital Gain Benefit – capital gain arising on the transfer of listed bonds shall be taxed @ 10% without Indexation or @20% with Indexation.

Pre Tax Returns are very attractive

OptionsTax Free Bond CouponTax Bracket 10.30 % Tax Bracket 20.60% Tax Bracket 30.90%
10 Years8.43 %9.40 %10.62 %12.20 %
15 Years8.79 %9.80 %11.07 %12.72 %
20 Years 8.92 %9.94 %11.23 %12.91 %

Subscription

ISSUE CLOSE Today

 

 

Today 21 Oct 2013 Issue is subscribed fully (29.02 Cr balance in retail category). Your new application in this bond issue as per draw basis (no confirm allotment ) & chance to refund money in your Bank Account.

 

 

How to Apply

 

First read details about Issue & clear all doubts before apply Issue. If follow process 100% allotment chances.  Major reason for rejection is non proper filling Form.

  • Every Application Form is unique Application No. (Same Application No use by two Applicant
  • Bidding Process : Application will be rejected if banked without uploading in the electronic system of the recognized stock exchange
  • Allotment on First come First serve Basis , Are you interested to Invest then submit Form early as possible (Application money Interest paid by Issuer )

Listing

Trustee for Bondholders :  IDBI Trusteeship Services Limited

 Depositories :  NSDL & CDSL

Allotment Listing Details Chart with ISIN No BSE/NSE Code

Tax Free Bond 2013-14NHPC Ltd
Issue Open18 Oct 2013
Issue Close 23 Oct 2013
Issue RegistrarKarvy Computershare
Listing ExchangeBSE / NSE
Allotment Date2 Nov 2013
Listing Date7 Nov, 2013
Interest Payment Date1 April - Every Year
Face Value1000
Circular Ref. NoNSE : 917/2013 BSE - 20131106-6
Series 1ASeries 2ASeries 3ASeries 1BSeries 2BSeries 3B
Coupon8.18%8.54%8.67%8.43%8.79%8.92%
Period10 Years15 Years20 Years10 Years15 Years20 Years
ISIN NoINE 848E07518 INE 848E07526INE 848E07534INE 848E07542INE 848E07559INE 848E07567
BSE Script 961787961788961789961790961791961792
NSE Script NHPC.N1NHPC.N2NHPC.N3NHPC.N4NHPC.N5NHPC.N6
Maturity2 Nov 20232 Nov 20282 Nov 20332 Nov 20232 Nov 20282 Nov 2033

 

Application Form & Investment Call : Rajendra 800 775 0904

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