Ennore Port is targeting to raise up to Rs 500 crore with an option to retain over-subscription up to Rs.750 crore. It has AA Credit Rating.
The issue is open from 18-Feb-2014 to 14-Mar-2014 . However, it may close early, depending on response.
| Ennore Port Tax Free Bonds | |||
| Details | Series I | Series II | Series II |
| Tenor | 10 Years | 15 years | 20 years |
| Interest Paid | Annual | Annual | Annual |
| Coupon Rate | 8.61% | 9.00% | 9.00% |
| Effective Pre-Tax Yield (30% tax slab) |
12.46% | 13.02% | 13.02% |
| Effective Pre-Tax Yield (20% tax slab) |
10.84% | 11.34% | 11.34% |
| Effective Pre-Tax Yield (10% tax slab) |
9.60% | 10.03% | 10.03% |
| Minimum Application | Rs 5000 | ||
| Maximum Application | Rs 10 lacs ( Retail) | ||
| Issue Opens on | 18-Feb-14 | ||
| Issue Closes on | 14-Mar-2014 (May close early) | ||
About the Company
Ennore Port is a public sector enterprise in which the Ministry of Shipping, GoI holds 66.67% stake and the rest 33.33% stake is held by the Board of Trustees, Chennai Port Trust.
During 2012-2013, Operating revenues of Rs. 320.21 crore and net profit of Rs. 173.37 crore
During 2011-2012, Operating revenues of Rs. 248.64 crore and net profit of Rs. 96.72 crore
Other Important Points
- Investors can choose to apply in demat as well as physical form. Demat account is not mandatory. However, if you want to sell/trade these bonds before maturity, it is mandatory to have a demat account. You can subscribe to them in physical form as well and keep them till maturity.
- Interest will get credited to your linked bank account through ECS. The interest payment date is not yet fixed but the first due interest will be paid after 1 year from the deemed date of allotment.
- NRI Investment: Non-Resident Indians (NRIs) and Qualified Foreign Investors (QFIs) are NOT eligible to invest in this issue.
- The allotment will be made on a “first-come-first-served” basis. Allotment will be done within 12 working days from the closing date of the issue.
- Bonds will be listed on NSE & BSE
Download the Form
You can download the Form from Ennore Website.
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Allotment Status of Ennore Port Tax free Bonds
Youc an check the Allotment status of your Ennore Port Tax free Bonds application at link below by entering application number / PAN number: