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Sunday, March 11, 2012

REC TAX FREE BOND- Subscription Figure


REC Tax Free Bond Listing date 4 April 2012 


Sr. NoIssuerListing DateISIN Script Code BSE/NSEListing Rate
1REC Tax Free Bond  4 Apr. 2012INE020B07GG9961743(BSE)
INE020B07GH7961744(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 allocationAllocation AmtAppl.Amt CollectedAmt collected as % to respective category allocation
Category I50%15,000,000,00026724,232,875,000161.55
Category II25%7,500,000,000218017,232,742,000229.77
Category III25%7,500,000,000196634.572,287,00060.96
Total100%30,00,000,0002015646,037,904,000




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 allocationAllocation AmtAppl.Amt CollectedAmt collected as % to respective category allocation
Category I50%15,000,000,00026124,155,975,000161.04
Category II25%7,500,000,000214117,156,242,000228.75
Category III25%7,500,000,000177543,977,519,00053.03
Total100%30,00,000,0002015645,289,736,000

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11 comments:

Anonymous said...

is the subscription data available for day one? ie. 6th March 2012?

rajendra t on March 14, 2012 at 10:58 PM said...

Data not available for day one. When I received any data/update I am trying post early as possible.

Anonymous said...

Any news on REC tax free bonds allotment status?

rajendra t on March 21, 2012 at 3:24 PM said...

No updates for allotment
May be month end because current market condition is not good for Bonds that why REC Bonds was not in hurry.

Sanjay on March 22, 2012 at 12:12 PM said...

What would be the criterian for allotement, if category II oversubscribed on the first day, how they will decide/

Rajendra Todkar on March 22, 2012 at 10:16 PM said...

Allotment to the applicants shall be made in proportion to their respective application size

Anonymous said...

After allotment, can I check allotment to me online? If yes, how can I check it? If website will be different from this (your) website, can you please provide me the website on which I can check the allotment against my app;ication number or PAN or DPID/Client ID.

Anonymous said...

Will the REC Tax Free Bonds March 2012 allotment information be updated on this site regularly?

Rajendra Todkar on March 29, 2012 at 3:47 PM said...

Yes you can check allotment status online with your application no or your DP Details.

Check registrar link for allotment status.
Registrar for REC Tax Free Bond is
Karvy Computershare Pvt. Ltd & link for this registrar is
http://mis.karvycomputershare.com/ipo/

data not update yet but update anytime

I am trying to update all data regularly.

Anonymous said...

i have applied for recTAXFREE BONDS .AMOUNT IS DEBITEDFROM MY A/C BUT BOND ARE NOT ALLOTTED. WHAT SHOULD I DO, PL GUIDE.
THANKS&REGARDS

Rajendra Todkar on March 30, 2012 at 10:32 PM said...

You allotment is sure, anytime bonds credit in your account.
check todays updates

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