Religare Finvest Limited NCD Sept. 2012

Religare Finvest Ltd is coming out with a public issue of Secured Redeemable Non-Convertible Debentures (NCDs) of face value of Rs.1000/- each aggregating upto Rs. 250 Crores, with an option to retain oversubscription upto Rs.250 crores for issuance of additional NCDs, aggregating to a total of upto Rs. 500 crores. The issue is opening for subscription on 14th September’2012 and closes on 27th September’2012.

• Issue Opens: Sept. 14, 2012
• Issue Closes: Sept. 27, 2012
• Issue purely on ‘First Come First Serve’ basis.

Allotment Status

Download Application Form

For Any help call at 9818716151 or mail us : aarkay@moneyvriksh.com

Note: The Applications are to be sent to us or submitted to the Syndicate Members, as per list (ask for the branch) on a timely manner so that the details can be uploaded by the closure of banking hours (5 PM) on to the Stock Exchange platform.

Terms of NCD Scheme:  

Issue Size	Public Issue of NCDs aggregating upto Rs. 250 Crore with an option to retain over-subscription upto Rs. 250 Crore For Issuance of additional NCDs aggregating to a total of upto Rs. 500 Crrore
Listing Of The NCD’s	NSE and BSE
Issuance and Trading	Compulsorily in dematerialised form
Depositories	NSDL and CDSL
Credit Rating	‘[ICRA] AA-(negative)’ by ICRA & ‘CARE AA-’ by CARE
Series	I	II	III	IV	V
Tenor	Thirty six months and one day from the Deemed Date of Allotment		Sixty months from the Deemed Date of Allotment		For NCD Holders in Reserved Individual Portion (Category IV) – 70 months. For all other NCD Holders – 72 months
Frequency of Interest Payment	Annual	Cumulative	Annual	Cumulative	Cumulative
Minimum Application	Rs. 10,000/- (10 NCDs) (for all Series of NCDs, namely Series I, Series II, Series III, Series IV and Series V either taken individually or collectively)
In Multiples of	Rs. 1000/- per  NCD
Face Value of NCDs	Rs. 1,000/-	Rs. 1,000/-	Rs. 1,000/-	Rs. 1,000/-	Rs. 1,000/-
Issue Price (Rs./ NCD)	Rs. 1,000/-	Rs. 1,000/-	Rs. 1,000/-	Rs. 1,000/-	Rs. 1,000/-
Coupon (% per annum)	12.25	Not Applicable	For NCD Holders in the Reserved Individual Portion (Category IV) – 12.50 For all other NCD Holders – 12.25	Not Applicable	Not Applicable
Effective Yield (% per annum) on any Record Date	12.25	12.25	For NCD Holders in the Reserved Individual Portion (Category IV) – 12.50 For all other NCD Holders – 12.25	For NCD Holders in the Reserved Individual Portion (Category IV) – 12.50 For all other NCD Holders – 12.25	For NCD Holders in the Reserved Individual Portion (Category IV) – 12.6184 For all other NCD Holders – 12.2462
Put and Call Option	None	None	None	None	None
Redemption Amount (Rs./ NCD)	Repayment of the Face Value plus any interest that may have accrued till the Redemption Date.	Rs. 1,414.36	Repayment of the Face Value plus any interest that may have accrued till the Redemption Date.	For NCD Holders in the Reserved Individual Portion (Category IV) -  1,802.03 For all other NCD Holders – 1,782.10	Rs. 2000.00
Redemption Date	Thirty six months and one day from the Deemed Date of Allotment		Sixty months from the Deemed Date of Allotment.		“For NCD Holders in Reserved Individual Portion (Category IV) – 70 months For all other NCD Holders – 72 months”
Cheque/ DD details	~All cheques/ bank drafts should be crossed “A/c Payee only”,~For Residents: “Escrow Account RFL NCD Public Issue-R”,~For Eligible NRI’s: “Escrow Account RFL NCD Public Issue-NR”
Interest on application (Non ASBA) & Interest on refund (Non ASBA)	9.00%

Investor Categories:

Category I	Category II	Category III	Category IV
Institutional Investors	Non Institutional Investors	Non Reserved Individual Investors	Reserved Individual Investors
Resident Public financial institutions, statutory corporations, commercial banks, co-operative banks and regional rural banks incorporated in India and authorized to invest in the NCDs;	Companies, bodies corporate and societies, registered under the applicable laws in India, and authorized to invest in the NCDs;	Resident Indian individuals who apply for NCDs aggregating to a value more than ` 0.5 million, across all Series of NCDs,;	Resident Indian individuals who apply for NCDs aggregating to a value not more than ` 0.5 million, across all Series of NCDs;
Indian Provident funds, pension funds, superannuation funds and gratuity funds, authorized to invest in the NCDs;	Trusts settled under the Indian Trusts Act, 1882, public/private charitable/religious trusts settled and/or registered in India under applicable laws, which are authorized to invest in the NCDs;
>Indian venture capital funds registered with SEBI;>Indian insurance companies registered with the IRDA;	>Resident Indian scientific and/or industrial research organizations, authorized to invest in the NCDs;>Partnership firms formed under applicable laws in India in the name of the partners, authorized to invest in the NCDs; and	Hindu Undivided Families through the Karta who apply for NCDs aggregating to a value more than ` 0.5 million, across all Series of NCDs,; and	Hindu Undivided Families through the Karta who apply for NCDs aggregating to a value not more than ` 0.5 million, across all Series of NCDs; and
>National Investment Fund; and  >Indian Mutual Funds registered with SEBI.	Limited Liability Partnerships formed and registered under the provisions of the Limited Liability Partnership Act, 2008 (No. 6 of 2009), authorized to invest in the NCDs.	Eligible NRIs (on a non repatriation basis only) who apply for NCDs aggregating to a value more than ` 0.5 million, across all Series of NCDs.*	Eligible NRIs (on a non repatriation basis only) who apply for NCDs aggregating to a value not more than ` 0.5 million, across all Series of NCDs.*

*An Eligible NRI is a Non Resident Individual applying for NCDs under the Issue only on a non-repatriation basis, and such Non Resident Individual is not (i) based in the United States of America, (“USA”), and/or, (ii) domiciled in the USA, and/or, (iii) residents/citizens of the USA, and/or, (iv) subject to any taxation laws of the USA.

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Tags: 2012, NCD, religare

Category: Blog, Fixed Deposit