IREDA NCD Dates, Size, Allotment, Subscription, DRHP & more
Last Updated Date: Nov 17, 2022Let’s have a detailed review of the company and analytics of the IREDA Ltd NCD release date, NCD issue size, subscription, IREDA NCD allotment and other details like the company’s background, its financial positions, its promoters and other related things.
IREDA NCD – Detail
Credit Rating | [ICRA]AA+ by ICRA and IND AA+ by India Ratings |
Issue Open | Jan 8, 2016 |
Issue Close | Jan 22, 2016 |
Issue Size (Base) | Rs 1,000.00 Crores |
Issue Size (Shelf) | Rs 1,716.00 Crores |
Issue Price | Rs 1000 per NCD |
Face Value | Rs 1000 each NCD |
Minimum Lot size | 10 NCD |
Market Lot | 1 NCD |
Listing At | BSE |
Tenor | 10 years/15 years/20 years |
Series | Series I to Series IV |
Payment Frequency | Annual |
Basis of Allotment |
IREDA NCD – Basis of the Offer Price
ISSUE STRUCTURE | |
Security Name | IREDA Ltd |
Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
Coupon payment frequency | Annual |
Coupon type | Fixed |
Tenor | 10 years, 15 years and 20 years from the Deemed Date of Allotment |
Depository | NSDL and CDSL |
Disbursement | Debenture Trust Deed. |
Debenture Trustee | IL&FS Trust Company Limited |
IREDA Ltd NCD Dates
The opening and the closing date of IREDA Ltd NCD is Jan 8, 2016 to Jan 22, 2016.
IREDA Ltd NCD Subscription
Day / Date | QIB Category 1 | NII Category 2 | HNI Category 3 | RII Category 4 | Total Subscription |
1st – 10th Day : till 19th Sept | |||||
10th – 20th Day : till | |||||
20th – 30th Day : till | |||||
Shares Offered or Net Issue |
The shares subscribed by the public will be updated here.
IREDA Ltd NCD Allotment Status
Here, you can find the Allotment Status of this NCD.
IREDA Ltd NCD Share Offering
Issue of 5,22,000 Equity Shares of face value of Rs.10/- each for cash at a price of Rs. [ ] per Equity Share (including a share premium of Rs.[ ] per Equity share) aggregating Rs. [ ] lakhs.
IREDA Ltd NCD Allocation Ratio
NCD Allocation Ratio | |
Category | NCD’s Allocated |
QIB – Category 1 | 20% |
NII – Category 2 | 20% |
HNI – Category 3 | 20% |
RII – Category 4 | 40% |
IREDA Ltd NCD Offered
NCD’s Offered | |
Category | NCD’s Reserved |
QIB – Category 1 | 2,00,000 |
NII – Category 2 | 2,00,000 |
HNI – Category 3 | 2,00,000 |
RII – Category 4 | 4,00,000 |
Total NCD’s | 10,00,000 |
IREDA Ltd NCD Coupon Rates
Options | Series of Bonds For Category I, II & III |
||
Tranche [●] Series [●] | Tranche [●] Series[●] | Tranche [●] Series [●] | |
Coupon Rate (%) p.a. |
7.28 | 7.49 | 7.43 |
Annualised Yield (%) |
7.28 | 7.49 | 7.43 |
Options | For Category IV# | ||
Tranche [●] Series [●] | Tranche [●] Series [●] | Tranche [●] Series [●] | |
Coupon Rate (%) p.a. | 7.43 | 7.74 | 7.68 |
Annualised Yield (%) | 7.43 | 7.74 | 7.68 |
For Category I, II,III & IV# | |||
Tenor | 10 years | 15 years | 20 years |
Redemption Date | 10 years from the Deemed Date of Allotment. | 15 years from the Deemed Date of Allotment. | 20 years from the Deemed Date of Allotment. |
Redemption Amount (Rs./ Bond) |
Repayment of the face value of the Bonds and any interest that may have accrued on the Redemption Date. | Repayment of the face value of the Bonds and any interest that may have accrued on the Redemption Date. | Repayment of the face value of the Bonds and any interest that may have accrued on the Redemption Date. |
Redemption Premium/Discount |
Not applicable | Not applicable | Not applicable |
Frequency of payment | Annual | Annual | Annual |
Minimum Application size |
5 Bonds (Rs. 5,000) Bonds. | ||
In multiples of | In the multiple of One Bond (Rs. 1,000) | ||
Face Value | Rs. 1,000. | ||
Issue Price | Rs. 1,000. | ||
Modes of interest payment | Through various available modes. | ||
Put and call option | None. |
IREDA Ltd NCD Issue Object
These are the NCD Issue Objects of the company
- For the purpose of onward lending, financing, and for repayment of interest and principal of existing borrowings of the Company; and
- General corporate purposes
IREDA Ltd – Company Overview
They are a non-banking financial institution registered with RBI under the RBI Act, 1934 engaged in extending financing services to projects and schemes related to renewable energy and energy efficiency. They were incorporated on March 11, 1987 as a public limited company under the Companies Act, 1956 and received a certificate for commencement of business on March 21, 1987.
The Company was set up by GoI under the administrative control of MNRE to promote, develop and extend financial assistance for renewable energy and energy efficiency projects.
Further, the Company has been notified as a ‘Public Financial Institution’ by the MCA, through a notification (No. 10/37/94-CL.V) dated October 18, 1995. As of September 30, 2015, They operated through registered office and corporate office located at Delhi, branch offices located at Chennai and Hyderabad and camp office located at Ahmedabad.
They are primarily engaged in providing finance/re-finance to specific projects and schemes related to renewable enrgy and energy efficiency. The Company provides financial assistance to the following renewable and energy efficiency projects:
- Wind Power
- Hydro Power
- Biomass Power Co-generation
- Energy Efficiency & Conservation
- Solar Energy
- Waste to Energy & Miscellaneous
IREDA Ltd NCD Lead Managers
Lead Managers |
KARVY INVESTOR SERVICES LIMITED
A. K. CAPITAL SERVICES LIMITED EDELWEISS FINANCIAL SERVICES LIMITED IDBI CAPITAL MARKET SERVICES LIMITED RR INVESTORS CAPITAL SERVICES PRIVATE LIMITED |
IREDA Ltd NCD Debenture Trustee
Debenture Trustee |
IL&FS TRUST COMPANY LIMITED IL&FS Financial Centre, Plot C-22, Bandra Kurla Complex, Bandra Kurla (East), Mumbai 400051 Tel No.: +91 (22) 2629 3333; Facsimile: +91 (22) 2653 3297; Email: itclcomplianceofficer@ilfsindia.com; Investor Grievance Email:investorgrievances.itcl@ilfsindia.com; Website: www.itclindia.com; Contact Person: Mr. Narendra Joshi; SEBI Registration No.: IND000000452 |
IREDA Ltd NCD Registrar to offer
Registrar to the Offer |
KARVY COMPUTERSHARE PRIVATE LIMITED Karvy Selenium Tower B, Plot No. 31-32, Gachibowli, Financial District, Nanakramguda, Hyderabad – 500032, India Tel No.: +91 (40) 6716 2222; Facsimile: +91 (40) 2343 1551; Email: einward.ris@karvy.com; Investor Grievance Email: ireda.bonds@karvy.com Website: http://karisma.karvy.com Contact Person: Mr. M Murali Krishna; SEBI Registration No.: INR000000221 |
IREDA Ltd NCD Ratings
ICRA Limited has, vide its letter no. D/RAT/2015-16/124/1 dated September 18, 2015, assigned a credit rating of “[ICRA]AA+” to the Bonds and revalidated the rating vide letter no. D/RAT/2015- 16/124/2 dated December 7, 2015 and letter no. D/RAT/2015-16/124/3 dated December 30, 2015.
Instruments with this rating are considered to have high degree of safety regarding timely servicing of financial obligations. Such instruments carry very low credit risk. India Ratings and Research Private Limited (formerly Fitch Ratings India Private. Limited) (“IRRPL”) has, vide its letter dated September 23, 2015 assigned a credit rating of “IND AA+” to the Bonds and revalidated the rating vide its letters dated December 7, 2015 and December 30, 2015.
IREDA Ltd NCD News
News 1 – Download RHP Prospectus
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