The much awaited tax free bond issue is finally here with a big issue size. Indian Railways Finance Corporation (IRFC) opens for subscription tomorrow with an issue size of Rs 4,532 crore, this is almost six times more than that of others issues this fiscal. The other issues had left investors disappointed because of poor allotment due [...]

National Housing Bank (NHB) has come out with a tax free bond issue. The issue size is 250 crore rupees and can take over subscription upto 1000 crore rupees. The bond is open for subscription from 7th March and the issue closes on 18th March. The face value of the bond is Rs 5000/-. Mode [...]

The tax-free bonds which came last week – IREDA and Ennore Port have been oversubscribed in the retail category according to the sources. Retail investors can consider investing in IIFCL tax free bonds now as they are not yet oversubscribed. All these bonds were offering the same coupon rate. Details about how much over-subscription the [...]

India Infrastructure Finance Co. Ltd. (IIFCL) is a Government of India enterprise which is involved in providing long term financial assistance to various infrastructure projects. IIFCL has come up with an issue of tax-free bonds. Trance 2 of IIFCL was oversubscribe within one day in the month of Dec 2013. Tranche 3 the issue size [...]

IREDA (Indian Renewable Energy Development Agency Ltd.) is coming up with its public issue of tax-free bonds opening on 17th Feb 2014 i.e. tomorrow. The issue size is Rs 500 crores and it can retain over-subscription up-to 500 crores aggregating to Rs.1,000 crores. Issue Period: 17th Feb 2014 to 10 March 2014 Ratings: AAA (SO) by [...]

Many of you’ll had sent me an email asking me about the allotment status of the tax free bonds you had applied for. For the benefit of all I am writing this blog post. How to check the application status of your tax free bonds? Step 1: Visit – Step 2:  Select the company for [...]

National Highways Authority of India (NHAI) has come up with another issue of it’s tax free bonds. The issue is of 1000 crore rupees but can accept over-subscription of upto rupees 2698 crore. Issue opens 15th Jan 2014  Issue closes 5th Feb 2014 CRISIL has given a rating of AAA/ Stable which makes the bond [...]

Indian Railway Finance Corporation Ltd. has come up with a tax free bond issue. The issue opened for subscription yesterday. The issue size of the bond is Rs 8600/- crore approx. Issue period: January 06, 2014- January 20, 2014 Price of bond (Face Value): Rs 5000/- per bond. Minimum subscription: 1 bond (of Rs 5000/-) [...]

Tax Free Bonds India 2013-14

There has been a rush in tax free bonds this fiscal. Bonds are being oversubscribed this year. The latest one to get oversubscribed is NHB  which got oversubscribed 2.08 times in just one day! Companies such as HUDCO, NHB, NTPC, IRFC, IIFCL, NHAI, REC, PFC and NHPC are allowed to raise tax-free bonds in 2013-14. Who should [...]

NHB’s tax-free bonds opened for subscription yesterday and were oversubscribed 2.08 times on the first day itself. The bond issue of Rs 2100 crore got bids worth Rs 4366.43 crore (according to The Hindu Business Line/PTI). The break-up of over-subscription in particular category is unknown. (Will update once we get the data) NHB was permitted [...]