Please take print of the Application Form A4 paper size. Click here to download Application form of NHIT Finance Limited NCD 2022
Attach following document along with the application form : –
1] PAN Card and Demat CML Copy (Client Master List) Photo Copy attested by applicant.
2] One Cancelled Cheque copy.
3] Bidding is mandatory.
4] Cheque / DD not require as it is ASBA application
5] On First come First Serve Basis
6] Keep photocopy of application form for your record.
7] Submit / deposit your NCD application form in Listed/ Design Bank Branches. (search below for your city)
8] To record and track the status/allotment of your application form, send us the soft copy Application Form/ Acknowledgement Slip.
9] The actual bond will reflect in your demat account within 2 weeks time form date of allotment.
10] Free Home Service available *

SBICap Securities Ltd Branches for submission of application Form

The following categories of persons are eligible to apply in the Issue:

Category I (Institutional) 10% of the overall issue size

• Resident Public Financial Institutions, Statutory Corporations including State Industrial Development Corporations, Commercial Banks, Co-operative Banks and Regional Rural Banks, which are authorized to invest in the NCDs;
•  Provident Funds and Resident Pension Funds with minimum corpus of Rs. 250 million, Superannuation Funds and Gratuity Fund, which are authorized to invest in the NCDs;
•  Venture Capital funds and / or Alternative Investment Funds registered with SEBI;
•  Insurance Companies registered with the IRDA;
•  National Investment Fund (set up by resolution no. F. No. 2/3/2005-DDII dated November 23, 2005 of the Government of India and published in the Gazette of India);
•  Insurance funds set up and managed by the Indian army, navy or the air force of the Union of India or by the Department of Posts, India
•  Mutual Funds, registered with SEBI.

Category II (Non Institutional) 10% of the overall issue size

• Companies; bodies corporate and societies registered under the applicable laws in India and authorized to invest in the NCDs;
• Educational institutions and associations of persons and/or bodies established pursuant to or registered under any central or state statutory enactment; which are authorized to invest in the NCDs;
• Public/private charitable/religious trusts which are authorized to invest in the NCDs;
• Scientific and/or industrial research organizations, which are authorized to invest in the NCDs;
• Partnership firms in the name of the partners;
• Limited liability partnerships formed and registered under the provisions of the Limited Liability Partnership

Category III (HNI) 40% of the overall issue size

• Resident Indian individuals or Hindu Undivided Families through the Karta applying for an amount aggregating to above Rs. 10 Lakh across all series of NCDs in Issue.

Category IV (Individuals) 40% of the overall issue size

• Resident Indian individuals or Hindu Undivided Families through the Karta applying for an amount aggregating up to and including Rs. 10 Lakh across all series of NCDs in Issue.

• The current Ratio and Interest Coverage Ratio remain positive stating that the trust might be able to meet its current interest obligations through its operating profits.
• Debt to Equity ratio also remains very less, giving it a positive indication. It states that the trust might be able to meet its debt obligations through equity in a time of need.
• The debt service coverage ratio and Cash flow to debt ratio remain low, stating that the trust might not be able to service its debt obligations through cash flows and cash profits. 

Issue analysis

Pros

• The NCD is AAA rated security with a stable outlook.
• The coupon rate is 7.9% which is much higher than FDs.

Cons 

• The debt service coverage ratio is less than 1.5 which indicates lower toll collections therefore less revenue.
• Negative Cash flow, which indicates that they will not be able to service its debt with the available cash flows.

About National Highway Infra Trust