Religare Finvest Limited (NCD)
Religare Finvest Ltd, a financial services company is coming out with an Secured Redeemable Non-Convertible Debenture of face value of Rs. 1000/- (NCDs), from September 09, 2011 aggregating upto Rs. 400 Crore with an option to retain over-subscription of Rs. 400/- Crore for issuing additional NCDs aggregating upto a total value of Rs. 800/- Crore.
Download Application Form
NCD Details
- NCD Opens: September 09, 2011
- NCD Closes: September 26, 2011
- Earlier Closer: Issue will be closed as whole subscription completes
- Basis: First come first served basis
- Invest Now
Download application in A3 size
| Options | I | II |
| Tenor | 60 Months | 36 Months |
| Minimum application | Rs.10,000 (10 NCD) and in multiples of one NCD thereafter either i | |
| Face Value | Rs.1,000 | |
| Issue Price | Rs.1,000 | |
| Interest Payment | Annual | Annual |
| Coupon Rate (%) | ||
| For NCD Holders (Category I) | 12.10% | 12.00% |
| For NCD Holders in Non-Institutional Portion (Category II) | 12.25% | 12.15% |
| For NCD Holders in Reserved Individual Portion (Category III) | 12.50% | 12.25% |
| Put and Call Option | Nil | Nil |
| Redemption Date | 60 months from the Deemed Date of Allotment | 36 months from the Deemed Date of Allotment |
| Redemption Amount (Rs./NCD) | Repayment of the Face Value plus any interest may accrue at redemption date | Repayment of the Face Value plus any interest may accrue at redemption date |
| Nature of Indebtedness | Pari Passu with other secured creditors and priority over unsecured creditors. | Pari Passu with other secured creditors and priority over unsecured creditors. |
| Credit Rating | ||
| ICRA | [ICRA] AA-(Stable) for an amount up to Rs 10,000 million | [ICRA] AA-(Stable) for an amount up to Rs 10,000 million |
| CARE | Care AA-’ for an amount of up to Rs 800 Crore | Care AA-’ for an amount of up to Rs 800 Crore |
| Common terms and conditions of the NCDs | ||
| Particulars | Terms and Conditions | |
| Mode of Allotment | Compulsorily in dematerialised form | |
| Minimum Application | 10 NCDs | 10 NCDs |
| Terms of Payment | Full amount on application | Full amount on application |
| Trading Lot | 1 (one) NCD | 1 (one) NCD |
| Basis of Allotment | First Come First Serve Basis | First Come First Serve Basis |
| Listing | BSE | BSE |
| Security | Security for the purpose of this issue will be created in accordance with the terms of | |
| Deemed Date of Allotment | Deemed date of allotment shall be the date of issue of the Allotment Advice /regret | |
| WHO CAN APPLY | ||
| Category I Institutional Portion (Institutions) Up to 20% of Issue size (Rs. 160 cr.) | · Public financial Institutions, Statutory Corporations, Commercial Banks, Cooperative Banks and Regional Rural Banks, which are authorised to invest in the NCDs;
• Provident Funds, Pension Funds, Superannuation Funds and Gratuity Fund, which are authorised to invest in the NCDs; • Venture Capital funds registered with SEBI; • Insurance Companies registered with the IRDA; • National Investment Fund; • Mutual Funds |
|
| Category II Non – Institutional Portion (Corporate and Individuals > Rs. 5 Lac) Up to 30% of Issue size(Rs. 240 cr.) | · Companies; bodies corporate and societies registered under the applicable laws in India and authorised to invest in the NCDs;
· Public/private charitable/religious trusts which are authorised to invest in the NCDs; · Scientific and/or industrial research organizations, which are authorised to invest in the NCDs; · Partnership firms in the name of the partners; · Limited liability partnerships formed and registered under the provisions of the Limited Liability Partnership Act, 2008 (No. 6 of 2009) |
|
| Category III Reserved Individual Portion (Individuals < Rs. 5 Lac) Up to 50% of Issue size (Rs 400 Cr.) | · Resident Indian individuals; Hindu Undivided Families through the karta; and · Non Resident Individuals
(NRI – Non repatriation basis only) Applicants who apply for NCDs aggregating to a value not more than 5 Lacs *Applications by applicants in Category III who apply for NCDs aggregating to a value exceeding Rs. 5 lacs, shall be grouped along with applications received from applicants in Category II **An NRI can apply for NCDs offered in the issue subject to the conditions and restrictions contained in the FEMA (Borrowing or lending in rupees) Regulations, 2000, and other applicable statutory and/or regulatory requirements. |
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