Issue Highlights:
| Issue Opens | Thursday, March 10, 2016 |
| Issue Closes | Monday, March 14, 2016 |
| Issue Size | Rs. 50,000 lakhs with an option to retain oversubscription upto Rs.1,95,000 lakhs aggregating to Rs.2,45,000 lakhs |
| Lead Manager | Edelweiss Financial Services Ltd., A. K. Capital Services ltd., ICICI Securities ltd., RR Investors Capital Services Pvt. Ltd. & SBI Capital Markets Ltd. |
| Registrar | Karvy Computershare Private Ltd. |
| Issue Price | Rs. 1,000 per bond |
| Face Value | Rs. 1,000 per bond |
| Min Application | 5 Bonds (Rs 5,000) (individually or collectively across all series of bonds) and in multiple of one bond (Rs. 1,000) thereafter |
| Nature of Bonds | Tax-free secured redeemable and non-convertible |
| Rating | "CRISIL AAA/Stable" by CRISIL, "ICRA AAA" by ICRA, "CARE AAA" by CARE |
| Allotment | First Come First Serve Basis |
| Listing On | NSE & BSE |
| Issue Break up* | QIB: 10%; Corporate : 15%; HNI: 15%; Retail: 60% |
| Retail Client Application Limit | Max Rs. 10 lakhs or less |
Business Overview:
IRFC is the sole financing arm of the Ministry of Railways (MoR), the national rail transport agency of India, and finances about 50 per cent of the latter's rolling stock requirement. The MoR finances the rest of its rolling stock through its internal resources and budgetary support. IRFC leases rolling stock to the MoR, which pays lease rentals in advance on a half-yearly basis.
IRFC is wholly owned by and has a close working relationship with the MoR. Presently its board of directors comprises key officials from the MoR and a representative of the Ministry of Finance (MoF). The MoR approves IRFC's annual borrowing limits and proposed borrowings. The MoR notifies the company of its funding requirements after the railway budget is approved by Parliament. At the end of the financial year, IRFC enters into a standard lease agreement with the MoR, wherein the assets financed by it are earmarked and lease rentals are fixed at a markup over the average borrowing costs for the year.
Objects for Issue
The funds raised through this Issue will be utilized towards financing the acquisition of rolling stock which will be leased to the MoR in line with present business activities. The utilisation of Issue Proceeds shall be in compliance with various guidelines/regulations/clarifications issued by RBI, SEBI or any other statutory authority from time to time.
Terms of Series of Bonds
| Coupon Rates for Category I, II and III | |||
| Series of Bonds* | Tranche II Series IA | Tranche II Series IIA | |
| Coupon Rate (%) per annum | 7.04% | 7.35% | |
| Annualized Yield (%) per annum | 7.04% | 7.35% | |
| Coupon Rates for Category IV | |||
| Series of Bonds* | Tranche II Series IB | Tranche II Series IIB | |
| Coupon Rate (%) per annum | 7.29% | 7.64% | |
| Annualized Yield (%) per annum | 7.29% | 7.64% | |
| Options | Series IB | Series IIB | |
| Tenure of Bonds | 10 years | 15 years | |
| Maturity/Redemption Date | 10 years from deemed date of allotment | 15 years from deemed date of allotment | |
|
Category I Includes - QIBs | Category II Includes - Corporates | Category III Includes - HNIs | Category IV Includes - Retail Individual Investors
4 Easy Ways to Apply
- Login to Edelweiss.in >> Trade
- Click on 'IPO' tab
- Click on Order IPO
- Click on Apply button next to the NTPC Bond option you wish to apply.
- Enter relevant details like quantity and price and hit the 'Submit' button.
- Post your confirmation, order will be placed successfully
- Login to Xtreme Trader
- Click on Weblinks on the top menu bar
- Click on 'IPO'
- Click on Order IPO
- Click on Apply button next to the NTPC Bond option you wish to apply.
- Enter relevant details like quantity and price and hit the 'Submit' button.
- Post your confirmation, order will be placed successfully
- Login to Edelweiss Mobile Trader
- Tap on 'IPO' button at the bottom of the App
- Tap on the "NTPC Bond Issue", and hit the "Apply" button
- Enter relevant details like quantity and price and hit the 'Submit' button
- Post your confirmation, order will be placed successfully
- Call up 1800-102-333-5
- Select your preferred language: Press 1 for English or 2 for Hindi
- Press 1 to confirm that you are an existing account holder
- Press 5 to apply in IPO
- Speak to the customer care executive and provide the REC Option you wish to apply along with Quantity and Price.
About Edelweiss
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