Reliance Home Finance Ncd Ipo

Reliance home finance ncd ipo

Reliance home finance ncd ipo

Reliance Home Finance Limited NCD Issue Details

(Secured Redeemable Non-Convertible Debentures)

Reliance Home Finance Limited is a part of Reliance Capital Ltd., one of India’s leading and amongst most valuable financial services companies in the private sector.

It has to raise Rs 3500 crore though NCD on Dec 16, 2016. Get Latest news and updates on Reliance Home Finance Limited NCD.

 

Reliance Home Finance Limited NCD Issue:-

Issue Size: Base Issue of Rs.

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3500 Crores, with an option to retain over subscription up to Shelf Limit, i.e. up to Rs. 1000 Crs.

Lead Manager: Edelweiss Financial Services Limited & Others

Issue opens: Thursday December 22, 2016

Issue closes: Friday, January 6, 2017

Allotment: First Come First Serve Basis

Face Value: Rs.

Reliance Home Finance Ltd: NCD Analysis

1000 per NCD

Issue Price: Rs. 1000 per NCD

Nature of Instrument: Secured Redeemable Non-Convertible Debentures

Minimum Application: 10,000 (10 NCD’s) and in multiple of ₹ 1,000 (1 NCD) thereafter across all Series

Listing: BSE & NSE

Rating: “AA+” (Outlook:Stable) by CARE, and Brickwork’s

SPECIFIC TERMS FOR EACH SERIES OF BONDS:

ISSUE STRUCTURE – BUCKET DETAILS
CategoryI – Institutional

     (“QIB”)

II – Non Institutional

       (“Corporate”)

III – High Networth Individual           

(“HNI”) amount aggregating above Rs.10 lacs

IV – Retail Individual

(“Retail”) amount aggregating up to and  including Rs.

Reliance home finance ncd ipo

10 lacs

Category Allocation30% of the overall Issue Size.10% of the overall Issue Size.30% of the overall Issue Size.30% of the overall Issue Size.
Bucket Size (Rs.) assuming Issue size of Rs.3,500CrRs.1,050 CroresRs.350 CroresRs.1,050 CroresRs.1,050  Crores

 

ISSUE STRUCTURE
Option/SeriesIIIIIIIV
Nature of NCDsSecuredUnsecured
Who can ApplyAll categories of investors (Category I, II, III and IV)
Issue Price per NCDRs.1,000/-Rs.1,000/-Rs.1,000/-Rs.1,000/-
Frequency of InterestAnnualAnnualAnnualAnnual
Tenor3 Years5 Years10 Years15 Years
Put/Call OptionNANANACall option may be exercised after 10 years from Deemed Date of Allotment
Coupon Rate & Effective Yield (% p.a.) for :
Category I & II

(“QIB” & “Corporate”)

8.70%8.90%9.00%9.25%*
Category III & IV

(“HNI” & “Retail”)

8.90%9.05%9.15%9.40%*
In the event the company does not exercise the call option, a step-up of 25 bps above coupon after 10 years from Deemed Date of Allotment shall be payable on every subsequent coupon payment date.

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http://research.elitewealth.in/reliance-home-finance-limited-ncd-details-latest-news-issue-date-issue-price-allotment-listing-bidding-form/http://research.elitewealth.in/wp-content/uploads/2016/12/Reliance-Home-Finance-Limited-NCD.jpghttp://research.elitewealth.in/wp-content/uploads/2016/12/Reliance-Home-Finance-Limited-NCD-150x150.jpgElite WealthNCD'sReliance Home Finance Limited NCD Allotment,Reliance Home Finance Limited NCD Issue date,Reliance Home Finance NCD,Reliance NCDReliance Home Finance Limited NCD Issue Details (Secured Redeemable Non-Convertible Debentures) Reliance Home Finance Limited is a part of Reliance Capital Ltd., one of India's leading and amongst most valuable financial services companies in the private sector.

It has to raise Rs 3500 crore though NCD on Dec 16, 2016. Get...Elite [email protected] Wealth Advisors Ltd.

Reliance home finance ncd ipo