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Religare Finvest NCD Issue Sept 2012 – Details & Interest Rates

NCD Issue – Religare Finvest Sept 2012 

Public issue of Religare Finvest of Secured,Redeemable NCDs with face value of Rs.1000/-, aggregating upto Rs. 250/- crore with option to retain over subscription of same amount , total aggregating Rs. 500/- crore.

About Religare Finvest – Company is involved following financing activities  –

  • Small & medium Enterprise [SME] financing.
  • Loans against Property.
  • SME working capital loans.
  • Loans against marketable securities.
  • Home loan business via subsidiary.

Important Dates

  • Issue Open Date – Sept 14, 2012.
  • Issue Close Date – Sept 27, 2012.

Interest Rates for investors investing less than 5 lakh

Series I II III IV V
Tenure [M] 36 36 60 60 70
Interest Frequency Payable annually Cumulative Payable annually Cumulative Cumulative
Interest rates 12.25% 12.25% 12.50% 12.50% *
Face Value 1000/- 1000/- 1000/- 1000/- 1000/-
Redemption Amount Rs. 1000/- 1414.36/- 1000/- 1802/- 2000/-

*NCDs will be redeemed at Rs.2000/- agsinst face value of Rs.1000/- for Category IV investors in period of 70 months.

Interest Rates For Investors investing more than 5 lakh

Series I II III IV V
Tenure – Months 36 36 60 60 72
Rate Of  Interest (%) 12.25 12.25 12.25 12.25 **

** NCDs will be redeemed at Rs.2000/- agsinst face value of Rs.1000/- .in period of 72 months

Other Details

  • Issuance – NCDs will be issued in demat mode investor need to have demat account to apply for this issue.
  • Min application amount – Rs.10,000/-.
  • Credit Rating – CARE AA- & ICRA AA-.Stable rating.
  • Put/Call Option – None.
Profit – Loss / NPA Statement
Year Ended at Profit After Tax [Crore] NPA[% of total loan book]
March 2008 35.701 N.A
March 2009 46.039 N.A.
March 2010 102.822 0.12
March 2011 114.775 0.02
March 2012 137.823 0.51

Issue is secured and interest rate is good so investors can think to invest part of capital.Days of listing gains seems to over now so investors who want to lock in their capital for longer term with good interest rates can think to invest.

Updates on 09th Oct 2012:

Check Allotment Status Of Religare Finvest NCD Issue:

To Check Allotment status of Religare Finvest NCD issue Click Here .Till online status was not available to check but its expected to be available within 1-2 days.


Category: Fixed Income


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