NTPC  launched public Issue of Tax Free Bond Issue open for subscription on 2 Dec 2013 & close on 16 Dec 2013 with an early closure option . 

Issue Close Today 5 Dec 2013.  

Product Note

Issue Highlight 
IssuerNTPC Ltd
Type of InstrumentSecured, Redeemable, NCD having tax benefit u/s 10 (15) (iv) (h)
Issue Open3 Dec 2013
Issue Close16 Dec 2013 (with option of early closure or extension)
Issue Size1750 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
RatingAAA by CRISIL ICRA
ListingProposed on BSE & NSE
Interest on Application MoneyOn Allotment : same as coupon Rate On Refund : 5.00% P.A.

Issue Structure – Interest Rate

OptionOption 1Option 2Option 3
Tenor10 Yr15 Yr20 Yr
CouponRate
Category - I, II, IIISeries 1A8.41%Series 2A8.48%Series 3A8.66%
Category - IV (Retail)Series 1B8.66%Series 2B8.73%Series 3B8.91%

Cheque Details-  

Retail Investor           : NTPC   Bonds  Escrow Account – R  

 

 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

NTPC is the largest power producer in India in terms of both installed capacity and generation, with aggregate installed capacity of 41,184 MW (including 35,820 MW through directly owned units and 5,364 MW through Subsidiaries and Joint Ventures), representing market share of 18.44% of India’s total installed capacity as on March 31, 2013, and having generated 249.59 billion units of power, representing market share of 27.37% of India’s total power generation in fiscal 2013.

NTPC is a Government company, which was conferred ‘Navaratna’ status by the GoI in 1997 and upgraded to ‘Maharatna’ status in 2010. As of May 2013, NTPC ranked 384th overall on the Forbes Global 2000 list.

Effective Pre Tax Rates for the Issue for Retail IV Category 

TenurCoupon30.90 %20.60%10.30%
10 Yrs8.66%12.53%10.91%9.65%
15 Yrs8.73%12.63%10.99%9.73%
20 Yrs8.91%12.89%11.22%9.93%

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.

Subscription

Figure In Cr.Cat 1Cat 2Cat 3Cat 4Total
Issue Size175437.50437.50700.001750.00
5 DecSubscribe4231403.67895.64947.263669.56
No of Times2.423.212.051.352.10
Unsubscribe(-248)(-966.17)(-458.14)(-247.26)(-1919.56)
4 DecSubscribe4231401.65868.38902.353595.38
No of Times2.413.201.981.282.05
3 DecSubscribe4231398.85852.85669.753344.43
No of Times2.423.201.950.961.91
Unsubscribe-248-961.33-415.3530.25-1594.43

Listing

Allotment Listing Details Chart with ISIN No BSE/NSE Code

Check Allotment Status page for Registrar Link

Please find the attached /below given basis of allotment for NTPC TAX FREE .

 

Caategory

Applied

Allotment

% Allotment

QIB (1st Day)

4230000

1750000

41.37

Corporate (1st Day)

13816550

4375000

31.66

HNI (1st Day)

7791768

4375000

56.15

Ind (1st Day)

6720204

6720204

100.00

Ind (2nd Day)

2044416

279796

13.69

 

Tax Free Bond 2013-14NTPC Ltd
Issue Open3 Dec 2013
Issue Close 16 Dec 2013 (early close 6 dec)
Issue RegistrarKarvy Computershare
Listing ExchangeProposed BSE / NSE
Allotment Date16 Dec 2013
Listing Date19 Dec 2013
Interest Payment Date16 Dec each year till the date of maturity
Face Value1000
Circular Ref. NoBSE- 20131217-11
Series 1ASeries 2ASeries 3ASeries 1BSeries 2BSeries 3B
Coupon8.41%8.48%8.66%8.66%8.73%8.91%
Period10 Years15 Years20 Years10 Years15 Years20 Years
ISIN NoINE 733E07JE0 INE 733E07JF7INE 733E07JG5INE 733E07JH3INE 733E07JE0I1INE 733E07JJ9
BSE Script 961805961806961807961808961809961810
NSE Script
Maturity16.12.202316.12.202816.12.203316.12.202316.12.202816.12.2033

 

Application Form & Investment Call : Rajendra 7719917444 

Contact Us

rajendra@puneinvest.com

Mobile 7719917444