REC TAX FREE BOND- Subscription Figure

Link REC Tax Free Bond Subscription Details Issue Date 3 Dec 2012 

REC Tax Free Bond Listing date 4 April 2012 

Sr. No	Issuer	Listing Date	ISIN	Script Code BSE/NSE	Listing Rate
1	REC Tax Free Bond	4 Apr. 2012	INE020B07GG9	961743(BSE)
			INE020B07GH7	961744(BSE)

    


Update 2 Apr 2012 

REC Tax Free Bond Allotment done

Check here your allotment status 
http://mis.karvycomputershare.com/ipo/ 


Update 30 Mar 2012

Your allotment is sure. Shortly bonds credit on your account. REC is good govt. company dealing in bonds with good track record.
As per rule they credit bond on your account within specific time list to exchange. Current condition not good for listing.

Now No premium on this bond. Listing rate around 975 to 1005, that why allotment & listing is late.

The 15-year HUDCO bond is trading currently at Rs 965, 4 percent below its issue price of Rs 1,000

 The market for tax-free bonds will now be limited to the super rich and retail investors, while insurance firms and mutual funds may stay off because they are not taxed on the interest income or coupon of the debt they buy.

Update  29 Mar 2012

 NO updates for Allotment status for REC Tax Free bond allotment not done yet.
Technically allotment done but not announce waiting for change in market condition positive for allotment listing. If they market condition good with in one day declared allotment & Listing date immediate. 
May be list this issue First week of April (Financial New Year).

Update  26 Mar 2012

REC Tax Free bond allotment not done yet. 

 May be month end because current market condition is not good for Bonds that why REC Bonds was not in hurry.

Update 13 Mar 2012

 Tentative figures for REC Tax free Bonds 2012 including the Green shoe option.

 

REC	Break up of Amt	Total Amt Rcd @ end of 12th Mar ‘	No of Times
CAT I	15000000000	24285125000	1.62
CAT II	7500000000	17392497000	2.32
CAT III	7500000000	5809853000	0.77
TOTAL	30000000000	47487475000	1.58

 

Issue Closed.

Subscription status for REC Tax Free Bonds @ End Of Day 10.03.2012.

Only Retail Option available to subscribe 

Table : Funds raised as % to Total Issue Size (including Green Shoe Option i.e. Rs. 3000.00 cr)

Table- REC Tax bond subscription data

Category	% of allocation	Allocation Amt	Appl.	Amt Collected	Amt collected as % to respective category allocation
Category I	50%	15,000,000,000	267	24,232,875,000	161.55
Category II	25%	7,500,000,000	2180	17,232,742,000	229.77
Category III	25%	7,500,000,000	19663	4.572,287,000	60.96
Total	100%	30,00,000,000	20156	46,037,904,000

Subscription figures for REC Tax Free Bonds @ End Of Day 09.03.2012.

Only Retail Option available to subscribe

Table- REC Tax bond subscription data

Category	% of allocation	Allocation Amt	Appl.	Amt Collected	Amt collected as % to respective category allocation
Category I	50%	15,000,000,000	261	24,155,975,000	161.04
Category II	25%	7,500,000,000	2141	17,156,242,000	228.75
Category III	25%	7,500,000,000	17754	3,977,519,000	53.03
Total	100%	30,00,000,000	20156	45,289,736,000