 |
Download Mobile TraderSMS "EMT" to 5757590 and get the download link on your mobile |
 |
SupportConnect with an expert or read FAQs to resolve queries |
 |
Open an accountJoin the Edelweiss family, open an account today! |
Issue Highlights:
| Issue Opens | Monday, October 5, 2015 |
| Issue Closes | Friday, October 9, 2015 |
| Issue Size | Rs. 100 crores with an option to retain oversubscription upto Rs. 600 crores aggregating to total of upto Rs. 700 crores. |
| Issue Price | Rs. 1000 per bond |
| Face Value | Rs. 1000 per bond |
| Nature of Bonds | Tax-free secured redeemable and non-convertible |
| Rating | CRISIL AAA/ Stable' by CRISIL, '[ICRA] AAA' by ICRA,'CARE AAA' by CARE |
| Allotment | First-Come-First-Serve Basis |
| Listing On | BSE |
| Issue Break up* | QIB-10%, Corporate-25%, HNI-25%, Retail-40% |
| Retail Client Application Limit | Max Rs. 10 Lakhs or Less |
| Payment Details |
|
About PFC
Power Finance Corporation Limited is a leading financial institution in India focused on the power sector. It also plays a strategic role in the GoI's initiatives for the development of the power sector in India. It works closely with GoI state Governments and power sector utilities, other power sector intermediaries and private sector clients for the development and implementation of policies and structural and procedural reforms for the power sector in India. In addition, PFC is involved in various GoI programs for the power sector, including acting as the nodal agency for the UMPP program and the IPDS/R-APDRP and as a bid process coordinator through its wholly owned subsidiary PFC Consulting Limited for the ITP scheme.
PFC also provides a comprehensive range of financial products and related advisory and other services from project conceptualization to the post-commissioning stage to its clients in the power sector, including for generation (conventional and renewable), transmission and distribution projects as well as for related renovation and modernization projects. It also provide various fund based financial assistance, including long-term project finance, short-term loans, buyer's line of credit, underwriting of debt and debt refinancing schemes as well as non-fund based assistance including default payment guarantees, credit enhancement guarantees and letters of comfort.
Highlights of Tax Free Bonds
- Interest from these Bonds do not form part of total income as per provisions of Section 10(15) (iv)(h) of Income Tax Act, 1961 read along with Section 14A(1) of the Income Tax Act.
- Since the interest income on the bonds is exempt, no tax deduction at source("TDS") is required. However interest on application money would be liable for TDS as well as would be subject to tax as per present tax laws.
- Wealth tax has been abolished w.e.f. financial year 2015-16 i.e. assessment year 2016-17.
Terms of Series of Bonds
| Coupon Rates for Category I, II and III* | |||
| Series of Bonds* | Series 1A | Series 2A | Series 3A |
| Coupon Rate (%) per annum | 7.11% | 7.27% | 7.35% |
| Annualized Yield (%) per annum | 7.11% | 7.27% | 7.35% |
| Coupon Rates for Category IV* | |||
| Series of Bonds* | Series 1B | Series 2B | Series 3B |
| Coupon Rate (%) per annum | 7.36% | 7.52% | 7.60% |
| Annualized Yield (%) per annum | 7.36% | 7.52% | 7.60% |
| Options | Option 1 | Option 2 | Option 3 |
| Tenure of Bonds | 10 years | 15 years | 20 years |
| Maturity/Redemption Date | 10 years from Deemed Date of Allotment | 15 years from Deemed Date of Allotment | 20 years from Deemed Date of Allotment |
*Category I Includes - QIBs | Category II Includes - Corporates | Category III Includes - HNIs | Category IV Includes - Retail Individual Investors
4 Easy Ways to Apply
Apply on Website
- Login to Edelweiss.in >> Trade
- Click on 'IPO' tab
- Click on Order IPO
- Click on Apply button next to the NTPC Bond option you wish to apply.
- Enter relevant details like quantity and price and hit the 'Submit' button.
- Post your confirmation, order will be placed successfully
Use Xtreme Trader
- Login to Xtreme Trader
- Click on Weblinks on the top menu bar
- Click on 'IPO'
- Click on Order IPO
- Click on Apply button next to the NTPC Bond option you wish to apply.
- Enter relevant details like quantity and price and hit the 'Submit' button.
- Post your confirmation, order will be placed successfully
Use the Mobile Trader App
- Login to Edelweiss Mobile Trader
- Tap on 'IPO' button at the bottom of the App
- Tap on the "NTPC Bond Issue", and hit the "Apply" button
- Enter relevant details like quantity and price and hit the 'Submit' button
- Post your confirmation, order will be placed successfully
Call Customer Care to Apply
- Call up 1800-102-333-5
- Select your preferred language: Press 1 for English or 2 for Hindi
- Press 1 to confirm that you are an existing account holder
- Press 5 to apply in IPO
- Speak to the customer care executive and provide the REC Option you wish to apply along with Quantity and Price.
About Edelweiss
Edelweiss.in is one of India's leading online stock/ share trading portal which allows you to trade on BSE and NSE across multiple asset classes like equities, derivatives, currency, commodity, mutual funds, etc. You can also open a demat account and check live stock prices.
