| Category I QIB’s |
Category II- Corporate’s |
Category IV- Retail Individual |
|---|---|---|
| 60% | 25% | 15% |
*On first come first serve basis to be determined on the basis of the bid uploads made with the scheduled Stock Exchanges.
| STRPP with different ISIN | STRPP A | STRPP B | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tenor | 4 Years | 5 Years | ||||||||||
| Face value per STRPP (₹) | ₹ 500 | ₹ 500 | ||||||||||
| Coupon (% per annum) for NCD Holders in Category I, Category II & Category III | 8.00% | 8.00% |
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| Effective Yield (% per annum) for NCD Holders in Category I, Category II and Category III | 8.16% | 8.16% | ||||||||||
| Frequency of Interest Payment | Half yearly | Half yearly | ||||||||||
| Mode of Interest Payment | Through Various Modes available | |||||||||||
| Maturity/Redemption (from the Deemed Date of Allotment) | 4 years | 5 years | ||||||||||
| Put and Call Option | Not Applicable | |||||||||||
| Termsheet | Click Here | |||||||||||
1. With respect to each STRPP where Coupon is to be paid on a half yearly basis, relevant Coupon will be paid on each 6 months’ anniversary of the Deemed Date of Allotment on the outstanding face value of the relevant STRPP. The last Coupon Payment under such STRPP will be made at the time of Maturity (final redemption date) of the said STRPP. 2. Please refer to “Annexure VII” in the Offer Document for details pertaining to the illustrative bond cash flows of for the Issue prepared in accordance with the SEBI NCS Master Circular. 3. Interest on Green Bonds issued pursuant to the Issue is subject to deduction of income tax under provisions of the Income Tax Act, 1961. For further details, please see the section entitled “Statement of Tax Benefits” in the Offer Document. Issuer SURAT MUNICIPAL CORPORATION Issue Size Base Issue Size ₹100 crores Option to Retain Oversubscription / Green shoe option (Amount) ₹100 crores aggregating to Rs. 200 crores Rating Provisional IND AA+/Stable by India Ratings & Research Private Limited Provisional CRISIL AA+/Stable by CRISIL Ratings Limited Minimum Application ₹10,000 (10 NCDs comprising of STRPP A and STRPP B each) Mode of Allotment Demat Form Only Face Value of Bond Face Value of Rs.1,000/- per NCD consisting of 2 (Two) STRPPs (i.e. 1 STRPP A and 1 STRPP B) with face value of each STRPP being Rs.500/- Listing The Green Bonds are proposed to be listed on NSE & BSE both. Mode of Application Compulsory via UPI up to 5 lacs OR ASBA (The funds are held by the investor's bank and remain in the bank account, potentially earning interest, until the allotment of shares is finalized. Once shares are allotted, the required amount is debited, and any remaining funds are released) 4. Applicants are advised to ensure that they have obtained the necessary statutory and/or regulatory permissions/consents/approvals in connection with applying for, subscribing to, or seeking Allotment of NCDs pursuant to the Issue. For further details, see “Issue Procedure” and “Terms of Issue” in the Offer Document.
Step 1: Enter OTP received on the registered Mobile Number.
Step 2: Fill Date of Birth, PAN details, Email Address and Bank Account Details.
Step 3: Details of your demat account are sent to you on your registered mail address.
D-21, Dhanraj Mahal, CSM Marg, Colaba, Mumbai-400001