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NCD Status: Closed [17th Oct 2022 to 18th Oct 2022]
National Highways Infra Trust NCD of Rs. 750 Cr issue size Rs 750 Cr Base size opens for subscription from 17 Oct to 18 Oct 2022. The company issues series I to III secured and redeemable NCD at an issue size of Rs. 1000 per NCD. One can subscribe to the NCD with a minimum ticket size of Rs. 10,000 (10 NCDs). The NCD tenor is 13 years, 18 years and 25 years with a coupon rate of 7.90% per annum. Check more about the National Highways Infra Trust Oct 2022 including credit rating, Coupon rates for each series, the basis of allotment, payment frequency, and more.
| NCD Opening Date: | 17th Oct 2022 |
| NCD Closing Date: | 18th Oct 2022 |
| NCD Type: | Secured NCD |
| Issue Size (Base): | Rs 750 Cr |
| Issue Size (Shelf): | Rs 750 Cr |
| Face Value: | Rs 1000 each NCD |
| Issue Price: | Rs 1000 per NCD |
| Market Lot: | 1 NCD |
| Min Order Qty: | 10 NCD |
| Min Order Amount: | Rs 10000 |
| Listing at: | BSE, NSE |
| Tenor: | 13 years, 18 years and 25 years |
| Rating: | �PROVISIONAL CAREAAA;Stable' by CARE Ratings Limited and �PROVISIONAL INDAAA/Stable' by India Ratings and Research Private Limited |
| Series: | Series I to III |
| Payment Frequency: | Semi-Annual |
| Basis of Allotment: | First Come First Serve Basis |
| Interest on return: | TBD |
Zerodha Trade@20
| NCD Activity | Date |
|---|---|
| NCD Issue Open | 17th Oct 2022 |
| NCD Issue Close | 18th Oct 2022 |
* - Tentative Dates
| Category Name | NCD's Allocated |
|---|---|
| Institutional | 25% |
| Non-Institutional | 25% |
| HNI | 25% |
| Retail | 25% |
National Highways Infra Trust registered infrastructure investment trust sponsored by NHAI an autonomous authority of the GoI under the MoRTH. The company currently have a right to toll, operate and maintain a portfolio of five Initial Toll Roads in the Indian states of Gujarat, Rajasthan, Telangana and Karnataka, and intends to toll, operate and maintain a portfolio of three Target Toll Roads in the Indian states of, Telangana, Maharashtra, Uttar Pradesh and Madhya Pradesh under the Toll Operate Transfer ("TOT") model conceived by NHAI.
Palanpur/Khemana –Abu Road Project (“Asset 1”), Abu Road –Swaroopganj Project (“Asset 2”), Maharashtra/ Karnataka Border (Kagal) –Belgaum Project (“Asset 3”), Chittorgarh –Kota & Chittorgarh Bypass Project (“Asset 4”), Kothakota Bypass –Kurnool Project (“Asset 5”), are some of the project SPV that the company has a right to toll, operate and maintain.
| National Highways Infra Trust (₹ in Cr) | 31-Mar-2022 | 31-Mar-2021 | |
|---|---|---|---|
| Total Assets | ₹7548.98 | ₹0 | |
| Total Income | ₹149.75 | ₹0 | |
| Net Profit/Loss | ₹68.36 | ₹-0.68 |
| Tenure | 13 Years | 18 Years | 25 Years |
| Options | I | II | III |
|---|---|---|---|
| Frequency of Interest Payment | Semi-Annually | Semi-Annually | Semi-Annually |
| Coupon Rate (Retail) | 7.90% | 7.90% | 7.90% |
| Effective Yield (% per annum) | 8.05% | 8.05% | 8.05% |
The NCDs proposed to be issued under this Issue have been rated PROVISIONAL CARE AAA Stable by CARE Ratings Limited and PROVISIONAL IND AAA/Stable by India Ratings and Research Private Limited with such ratings considered to have a stable outlook.
Last Updated on 2022-10-18T10:08:08+00:00
