The base size issue is Rs 100 crore, with an option to retain over-subscription up to an additional Rs 100 crore (Green Shoe Option) aggregating up to Rs 200 crore.
The issue is scheduled to open on 07 October 2024 and close on 18 October 2024, with an option of early closure or extension.
There are 12 series of NCDs carrying fixed coupons and having a tenure of 24 months, 36 months, 60 months and 120 months with annual, monthly, and cumulative interest payment options.
An effective yield (per annum) for the NCD holders in all categories of investors ranges from 9.5% to 11%.
The NCDs issue has been rated CRISIL A+/ Negative.
The minimum application size for each application for NCDs would be Rs 10000 across all series collectively and in multiples of Rs 1000 thereafter.
NCDs are proposed to be listed on BSE.