Tax Free Bonds

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 [...]

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 – http://mis.karvycomputershare.com/ipo/ Step 2:  Select the company for [...]

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/-) [...]