IREDA NCD Dates, Size, Allotment, Subscription, DRHP & more

Let’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 OpenJan 8, 2016
Issue CloseJan 22, 2016
Issue Size (Base)Rs 1,000.00 Crores
Issue Size (Shelf)Rs 1,716.00 Crores
Issue PriceRs 1000 per NCD
Face ValueRs 1000 each NCD
Minimum Lot size10 NCD
Market Lot1 NCD
Listing AtBSE
Tenor10 years/15 years/20 years
SeriesSeries I to Series IV
Payment FrequencyAnnual
Basis of Allotment

IREDA NCD – Basis of the Offer Price

ISSUE STRUCTURE
Security NameIREDA Ltd
Security TypeSecured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Coupon payment frequencyAnnual
Coupon typeFixed
Tenor10 years, 15 years and 20 years from the Deemed Date of Allotment
DepositoryNSDL and CDSL
DisbursementDebenture Trust Deed.
Debenture TrusteeIL&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 / DateQIB Category 1NII Category 2HNI Category 3RII Category 4Total 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
CategoryNCD’s Allocated
QIB – Category 120%
NII – Category 220%
HNI – Category 320%
RII – Category 440%

IREDA Ltd NCD Offered

NCD’s Offered
CategoryNCD’s Reserved
QIB – Category 12,00,000
NII – Category 22,00,000
HNI – Category 32,00,000
RII – Category 44,00,000
Total NCD’s10,00,000

IREDA Ltd NCD Coupon Rates

OptionsSeries of Bonds
For Category I, II & III
Tranche [●] Series [●]Tranche [●] Series[●]Tranche [●] Series [●]
Coupon Rate (%)
p.a.
7.287.497.43
Annualised Yield
(%)
7.287.497.43
OptionsFor Category IV#
Tranche [●] Series [●]Tranche [●] Series [●]Tranche [●] Series [●]
Coupon Rate (%) p.a.7.437.747.68
Annualised Yield (%)7.437.747.68
For Category I, II,III & IV#
Tenor10 years15 years20 years
Redemption Date10 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 applicableNot applicableNot applicable
Frequency of paymentAnnualAnnualAnnual
Minimum
Application size
5 Bonds (Rs. 5,000) Bonds.
In multiples ofIn the multiple of One Bond (Rs. 1,000)
Face   ValueRs. 1,000.
Issue   PriceRs. 1,000.
Modes  of  interest paymentThrough various available modes.
Put and call optionNone.

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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