NEW ISSUES ( IPO )
IPO OF KALYAN JEWELLERS INDIA LIMITED :
Dated 17 .03.2021 : Kalyan Jewellers India Limited is a leading retail trader in Jewellery including gold , silver , platinum & diamond ornaments .
Kalyan Jewellers have come up with a Initial Public Offering (IPO) of equity shares in the price band of Rs 86 to 87 against Face value of Rs 10 per share . One can apply in lots of 172 shares each or its multiples . Offer is already opened on yesterday and will end tomorrow March 18 , 2021 The shares will be listed in BSE / NSE .
ISSUE SIZE : Fresh Issue of Equity Shares aggregating up to Rs.800 crores & Offer for Sale aggregating up to Rs.375 crores . Total of
Rs.1175/- crores at the upper price band.
BOOKRUNNERS :
The BOOKRUNNING lead managers for the issue are :
1. Axis Capital Limited .
2. Citigroup Global Markets India Private Limited
3. ICICI Securities Limited
4. .SBI Capital Markets Limited
5. BOB Capital Markets Limited
6 Link intime India Private Limited ( Registrar )
ABOUT THE COMPANY : The company was started with a single showroom in Kerala and now it has 107 showrooms located in 21 states and union territories in India. It also has 30 showroom in the Middle East. The Company designs , manufactures and sells a wide range of gold and other jewellery products suited for various occasions like weddings . It also sells daily use ornaments too .
Financial Status : . During the financial year 2019-20 , company has a net profit of Rs142 crores against a total revenue of Rs 10,181 crores . However during the first nine month of the present year 2020-21 , company has made a loss of Rs 80 crores against a total revenue of Rs 5,550 crores .
To Read RED-HERRING DOCUMENT OF THE ISSUE , CLICK HERE
FOR PRECAUTIONS TO BE TAKEN WHILE INVESTING IN STOCK MARKETS AND IPO , CLICK HERE
TENTATIVE TIME TABLE OF THE ISSUE CAN BE FOUND AFTER THE DETAILS ON IPO OF CRAFTSMAN AUTOMATION LIMITED :
TIME TABLE OF IPO OF KALYAN JEWELLERS LIMITED
EVENTS |
TENTATIVE TIME TABLE OF THE ISSUE |
BID OPENS ON |
16.03.2021 |
BID CLOSES ON |
18.03.2021 |
BASIS OF ALLOTMENT |
23.03.2021 |
REFUND STARTS |
24.03.2021 |
ALLOTTED SHARES TO DEMAT ACCOUNTS |
25.03.2021 |
SHARES LISTING |
26.03.2021 |
IPO OF LAXMI ORGANIC INDUSTRIES LIMITED , CRAFTSMAN AUTOMATION LTD
IPO OF LAXMI ORGANIC INDUSTRIES LIMITED :
Dated 15 .03.2021 : Laxmi Organic Industries Limited is a leading manufacturer of Acetyl Intermediates and Specialty Intermediates for
almost three decades with experience in large-scale manufacturing of chemicals.
Today Laxmi organic Industries has come up with a Initial Public Offering (IPO) of equity shares in the price band of Rs 129 to 130 against Face value of Rs 2 per share . One can apply in lots of 115 shares each or its multiples . Offer is open between March 15 , 2021 to March 17 , 2021 The shares will be listed in BSE / NSE .
ISSUE SIZE : Fresh Issue of Equity Shares aggregating up to Rs.300 crores & Offer for Sale aggregating up to Rs.300 crores .
BOOKRUNNERS :
The BOOKRUNNING lead managers for the issue are :
1. Axis Capital Limited .
2. DAM Capital Advisors Limited
3. Link intime India Private Limited
ABOUT THE COMPANY :
The company initially started manufacturing acetaldehyde and acetic acid in 1992, and soon moved on to manufacturing of ethyl acetate in 1996. The Company is currently among the largest manufacturers of ethyl acetate in India with a market share of approximately 30% of the Indian ethyl acetate market . It is the only manufacturer of diketene derivatives in India with a market share of approximately 55 % .
The Company currently have two manufacturing facilities in Mahad, Maharashtra . They also have two distilleries located , one in Satara district and the another in Kolhapur district in Maharashtra .
Financial Status : The company has made profits over the recent years . During the financial year 2019-20 , company has a net profit of Rs 70 crores against a total revenue of Rs 1538 crores . During the first six month of the present year 2020-21 , company had a net profit of Rs 45 crores against a total revenue of Rs 814 crores .
To Read RED-HERRING DOCUMENT OF THE ISSUE , CLICK HERE
FOR PRECAUTIONS TO BE TAKEN WHILE INVESTING IN STOCK MARKETS AND IPO , CLICK HERE
TENTATIVE TIME TABLE OF THE ISSUE CAN BE FOUND AFTER THE DETAILS ON IPO OF CRAFTSMAN AUTOMATION LIMITED :
IPO OF CRAFTSMAN AUTOMATION LIMITED :
Dated 15 .03.2021 : Craftsman Automation Limited is a diversified engineering firm with vertically integrated manufacturing capabilities, engaged in Automotive - Powertrain , Aluminium products , Industrial & engineering
Today Craftsman Automation ltd has come up with a Initial Public Offering (IPO) of equity shares in the price band of Rs 1,448 to 1,490 against Face value of Rs 5 per share . One can apply in lots of 10 shares each or its multiples . Offer is open between March 15 , 2021 to March 17 , 2021 The shares will be listed in BSE / NSE .
ISSUE SIZE : Fresh Issue of Equity Shares aggregating up to Rs.150 crores & Offer for Sale of up to 45,21,450 equity shares. Total size of IPO is Rs.823 crores to 824 crores .
BOOKRUNNERS :
The BOOKRUNNING lead managers for the issue are :
1. Axis Capital Limited .
2. IIFL Securities Limited
3. Link intime India Private Limited
ABOUT THE COMPANY :
Craftsman Automation Limited commenced its operations in 1986 in Coimbatore . The Company is a diversified engineering company with vertically integrated manufacturing capabilities, engaged in three business segments, namely
1) Powertrain and other products for the automotive segment
2) Aluminium products for the automotive segment and
3) Industrial and engineering products .
The prime customers of the company include Daimler India, Tata Motors, Tata Cummins, Mahindra & Mahindra, Simpson & Co. Limited, TAFE Motors and Tractors, Escorts, Ashok Leyland, Perkins, Mitsubishi Heavy Industries, John Deere and JCB India.
Financial Status : The company has made profits over the recent years . During the financial year 2019-20 , company has a net profit of Rs 41 crores against a total revenue of Rs 1500 crores . During the first nine month of the present year 2020-21 , company had a net profit of Rs 52 crores against a total revenue of Rs 1030 crores .
To Read RED-HERRING DOCUMENT OF THE ISSUE , CLICK HERE & CLICK HERE
FOR PRECAUTIONS TO BE TAKEN WHILE INVESTING IN STOCK MARKETS AND IPO , CLICK HERE
TENTATIVE TIME TABLE OF THE ISSUES OF LAXMI ORGANIC INDUSTRIES AND CRAFTSMAN AUTOMATION LIMITED :
Dated 15 .03.2021 : Craftsman Automation Limited is a diversified engineering firm with vertically integrated manufacturing capabilities, engaged in Automotive - Powertrain , Aluminium products , Industrial & engineering
Today Craftsman Automation ltd has come up with a Initial Public Offering (IPO) of equity shares in the price band of Rs 1,448 to 1,490 against Face value of Rs 5 per share . One can apply in lots of 10 shares each or its multiples . Offer is open between March 15 , 2021 to March 17 , 2021 The shares will be listed in BSE / NSE .
ISSUE SIZE : Fresh Issue of Equity Shares aggregating up to Rs.150 crores & Offer for Sale of up to 45,21,450 equity shares. Total size of IPO is Rs.823 crores to 824 crores .
BOOKRUNNERS :
The BOOKRUNNING lead managers for the issue are :
1. Axis Capital Limited .
2. IIFL Securities Limited
3. Link intime India Private Limited
ABOUT THE COMPANY :
Craftsman Automation Limited commenced its operations in 1986 in Coimbatore . The Company is a diversified engineering company with vertically integrated manufacturing capabilities, engaged in three business segments, namely
1) Powertrain and other products for the automotive segment
2) Aluminium products for the automotive segment and
3) Industrial and engineering products .
The prime customers of the company include Daimler India, Tata Motors, Tata Cummins, Mahindra & Mahindra, Simpson & Co. Limited, TAFE Motors and Tractors, Escorts, Ashok Leyland, Perkins, Mitsubishi Heavy Industries, John Deere and JCB India.
Financial Status : The company has made profits over the recent years . During the financial year 2019-20 , company has a net profit of Rs 41 crores against a total revenue of Rs 1500 crores . During the first nine month of the present year 2020-21 , company had a net profit of Rs 52 crores against a total revenue of Rs 1030 crores .
To Read RED-HERRING DOCUMENT OF THE ISSUE , CLICK HERE & CLICK HERE
FOR PRECAUTIONS TO BE TAKEN WHILE INVESTING IN STOCK MARKETS AND IPO , CLICK HERE
TENTATIVE TIME TABLE OF THE ISSUES OF LAXMI ORGANIC INDUSTRIES AND CRAFTSMAN AUTOMATION LIMITED :
EVENTS |
TENTATIVE TIME TABLE OF THE ISSUE |
BID OPENS ON |
15.03.2021 |
BID CLOSES ON |
17.03.2021 |
FINALIZATION OF ALLOTMENT |
22.03.2021 |
REFUND STARTS |
23.03.2021 |
ALLOTTED SHARES TO DEMAT ACCOUNTS |
24.03. 2021 |
SHARES LISTING |
25.03.2021 |
IPO OF MTAR TECHNOLGIES LIMITED :
Dated 03.03.2021 : MTAR Technologies Limited is a leading precision engineering solutions company incorporated in 1999. It is engaged in the manufacture of mission-critical precision components, and critical assemblies, to serve projects of high national importance. It primarily serves customers in the clean energy, nuclear, space and defense sectors.
Today MTAR Technolgies has come up with a Initial Public Offering (IPO) of equity shares in the price band of Rs 574 to 575 against Face value of Rs 10 per share . One can apply in lots of 26 shares each or its multiples . Offer is open between March 3 , 2021 to March 5 , 2021 The shares will be listed in BSE / NSE .
ISSUE SIZE :
The issue is consists both Offer for Sale ( OFS ) by and fresh issue ( IPO ) . The offer for sale of up to 8,224,270 shares ( (Rs 473 crore) ) . Fresh issue is of 2,148,149 Eq Shares for Rs 124 crores .
BOOKRUNNERS :
The BOOKRUNNING lead managers for the issue are :
1. JM Financial Limited .
2. IIFL Securities Limited
3. KFin Technologies Private Limited
ABOUT THE COMPANY :
MTAR Technologies has significantly expanded its product portfolio including critical assemblies like Liquid propulsion engines to GSLV Mark III, Base Shroud Assembly & Airframes for Agni Programs, Actuators for LCA, power units for fuel cells, Fuel machining head, Bridge & Column, Drive Mechanisms, Thimble Package, etc. It makes a wide range of product portfolios that meet the varied requirements of the Indian nuclear, Defence, and Space sector. Main customers are ISRO, NPCIL, DRDO, Bloom Energy, Rafael, Elbit, etc. Currently, the firm has 7 manufacturing facilities in Hyderabad, Telangana .
Financial Status : The company has made profits over the recent years . During the financial year 2019-20 , company has a net profit of Rs 31 crores against a total revenue of Rs 218 crores . During the first nine month of the present year 2020-21 , company had a net profit of Rs 28 crores against a total revenue of Rs 178 crores .
To Read RED-HERRING DOCUMENT OF THE ISSUE , CLICK HERE
FOR PRECAUTIONS TO BE TAKEN WHILE INVESTING IN STOCK MARKETS AND IPO , CLICK HERE
Dated 03.03.2021 : MTAR Technologies Limited is a leading precision engineering solutions company incorporated in 1999. It is engaged in the manufacture of mission-critical precision components, and critical assemblies, to serve projects of high national importance. It primarily serves customers in the clean energy, nuclear, space and defense sectors.
Today MTAR Technolgies has come up with a Initial Public Offering (IPO) of equity shares in the price band of Rs 574 to 575 against Face value of Rs 10 per share . One can apply in lots of 26 shares each or its multiples . Offer is open between March 3 , 2021 to March 5 , 2021 The shares will be listed in BSE / NSE .
ISSUE SIZE :
The issue is consists both Offer for Sale ( OFS ) by and fresh issue ( IPO ) . The offer for sale of up to 8,224,270 shares ( (Rs 473 crore) ) . Fresh issue is of 2,148,149 Eq Shares for Rs 124 crores .
BOOKRUNNERS :
The BOOKRUNNING lead managers for the issue are :
1. JM Financial Limited .
2. IIFL Securities Limited
3. KFin Technologies Private Limited
ABOUT THE COMPANY :
MTAR Technologies has significantly expanded its product portfolio including critical assemblies like Liquid propulsion engines to GSLV Mark III, Base Shroud Assembly & Airframes for Agni Programs, Actuators for LCA, power units for fuel cells, Fuel machining head, Bridge & Column, Drive Mechanisms, Thimble Package, etc. It makes a wide range of product portfolios that meet the varied requirements of the Indian nuclear, Defence, and Space sector. Main customers are ISRO, NPCIL, DRDO, Bloom Energy, Rafael, Elbit, etc. Currently, the firm has 7 manufacturing facilities in Hyderabad, Telangana .
Financial Status : The company has made profits over the recent years . During the financial year 2019-20 , company has a net profit of Rs 31 crores against a total revenue of Rs 218 crores . During the first nine month of the present year 2020-21 , company had a net profit of Rs 28 crores against a total revenue of Rs 178 crores .
To Read RED-HERRING DOCUMENT OF THE ISSUE , CLICK HERE
FOR PRECAUTIONS TO BE TAKEN WHILE INVESTING IN STOCK MARKETS AND IPO , CLICK HERE
IPO OF INDIGO PAINTS LIMITED :
Dated 20.01.2021 : Indigo paints Limited is the fifth largest company in the Indian decorative paint industry in terms of its revenue from operations for FY2020 , which manufactures range of decorative paints like emulsions, enamels, wood coatings, distempers, primers etc. It is the fastest growing amongst the top five paint companies in India.
Today Indigo Paints has come up with a Initial Public Offering (IPO) of equity shares in the price band of Rs 1,488 to 1,490 between January 20 , 2021 to January 22 , 2021 against Face value of Rs 10 per share . One can apply in lots of 10 shares each or its multiples . The shares will be listed in BSE / NSE
ISSUE SIZE :
The issue is consists both Offer for Sale ( OFS ) by Sequoia Capital and fresh issue ( IPO ) . The offer for sale of up to 58,40,000 shares ( (Rs 869 – 870 crore) ) . Fresh issue is for Rs 300 crores .
BOOKRUNNERS :
The BOOKRUNNING lead managers for the issue are :
1. Kotak Mahindra Capital Company Limited
2.EEdelweiss Financial Services Limited Services Limited l Services Limited
3. ICICI Securities Limited
ABOUT THE COMPANY :It is the first company to manufacture and introduce differentiated products in the decorative paint market in India like Metallic Emulsions, Tile Coat Emulsions, Floor Coat Emulsions etc . It has 3 manufacturing facilities situated in Jodhpur (Rajasthan), Kochi (Kerala), and Pudukkottai (Tamil Nadu). It is further looking to expand its manufacturing capacities at Pudukkottai to manufacture water-based paints.
Financial Status : The company is making profits over the recent years . During the financial year 2019-20 , company has a net profit of Rs 47 crores against a total revenue of Rs 626 crores . During the first half of the present year 2020-21 , company had a net profit of Rs 27 crores against a total revenue of Rs 260 crores .
To Read RED-HERRING DOCUMENT OF THE ISSUE . CLICK HERE
The allotment status will be available on Link Intime’s website. Click on this link to get allotment status.
FOR PRECAUTIONS TO BE TAKEN WHILE INVESTING IN STOCK MARKETS AND IPO , CLICK HERE
TENTATIVE TIME TABLE OF THE ISSUE :
Dated 20.01.2021 : Indigo paints Limited is the fifth largest company in the Indian decorative paint industry in terms of its revenue from operations for FY2020 , which manufactures range of decorative paints like emulsions, enamels, wood coatings, distempers, primers etc. It is the fastest growing amongst the top five paint companies in India.
Today Indigo Paints has come up with a Initial Public Offering (IPO) of equity shares in the price band of Rs 1,488 to 1,490 between January 20 , 2021 to January 22 , 2021 against Face value of Rs 10 per share . One can apply in lots of 10 shares each or its multiples . The shares will be listed in BSE / NSE
ISSUE SIZE :
The issue is consists both Offer for Sale ( OFS ) by Sequoia Capital and fresh issue ( IPO ) . The offer for sale of up to 58,40,000 shares ( (Rs 869 – 870 crore) ) . Fresh issue is for Rs 300 crores .
BOOKRUNNERS :
The BOOKRUNNING lead managers for the issue are :
1. Kotak Mahindra Capital Company Limited
2.EEdelweiss Financial Services Limited Services Limited l Services Limited
3. ICICI Securities Limited
ABOUT THE COMPANY :It is the first company to manufacture and introduce differentiated products in the decorative paint market in India like Metallic Emulsions, Tile Coat Emulsions, Floor Coat Emulsions etc . It has 3 manufacturing facilities situated in Jodhpur (Rajasthan), Kochi (Kerala), and Pudukkottai (Tamil Nadu). It is further looking to expand its manufacturing capacities at Pudukkottai to manufacture water-based paints.
Financial Status : The company is making profits over the recent years . During the financial year 2019-20 , company has a net profit of Rs 47 crores against a total revenue of Rs 626 crores . During the first half of the present year 2020-21 , company had a net profit of Rs 27 crores against a total revenue of Rs 260 crores .
To Read RED-HERRING DOCUMENT OF THE ISSUE . CLICK HERE
The allotment status will be available on Link Intime’s website. Click on this link to get allotment status.
FOR PRECAUTIONS TO BE TAKEN WHILE INVESTING IN STOCK MARKETS AND IPO , CLICK HERE
TENTATIVE TIME TABLE OF THE ISSUE :
IPO OF INDIAN RAILWAY FINANCE CORPORATION
IPO OF INDIAN RAIWAY FINANCE CORPORATION :
Dated 16.01.2021 : Indian Railway Finance Corporation Limited ( IRFC ) , wholly-owned by the Government of India acting through the MoRs is the dedicated market borrowing arm of the Indian Railways. Its primary business is financing the acquisition of rolling stock assets (trucks, wagons etc), leasing of railway infrastructure assets and national projects of the Government of India (collectively, "Project Assets") and lending to other entities under the MoR (Ministry of Railways).
Now IRFC is coming up with a Initial Public Offering (IPO) of equity shares in the price band of Rs 25 to Rs 26 between January 18 , 2021 to January 20 , 2021 against Face value of Rs 10 per share . One can apply in lots of 575 shares each or its multiples . The shares will be listed in BSE / NSE
ISSUE SIZE :
The issue is consists both Offer for Sale ( OFS ) by the Government of India and fresh issue . The offer for sale of up to 594,023,000 shares ( Rs1,485– Rs 1,663 crore) . Fresh issue is 1,188,046,000 shares ( Rs 2,970 – Rs 3,326 crore) .
The BOOKRUNNING lead managers for the issue are .
1.DAM Capital Advisors Limited
2.HSBC Securities and Capital Markets (India) Private Limited
3.ICICI Securities Limited
4. SBI Capital Markets Limited
5. KFin Technologies Private Limited
ABOUT THE COMPANY : It is wholly-owned by the Government of India acting through the Ministry of railways . The company is financing needs of the railways in major way . The company is registered with the Reserve Bank of India as a systematically important NBFC and is classified under the category of an “Infrastructure Finance Company”. Its primary business is financing the acquisition of rolling stock assets, which includes both powered and unpowered vehicles, for example locomotives, coaches, wagons, trucks, flats, electric multiple units, containers, cranes, trollies of all kinds and other items of rolling stock, leasing of railway infrastructure assets and national projects of the Government of India and lending to other entities under the Ministry of Railways.
Financial Status ; The company is continuously having excess revenue over its expenditure over the years . During the financial year 2019-20 , company has a net income of Rs 3,191 crores against a total revenue of Rs 13,421 crores . During the first half of the present year 2020-21 , company had a net income of Rs 1,887 crores against a total revenue of Rs 7,384 crores .
To Read RED-HERRING DOCUMENT OF THE ISSUE . CLICK HERE
The allotment status will be available on Link K-fintech’s website. Click on this link to get allotment status.
FOR PRECAUTIONS TO BE TAKEN WHILE INVESTING IN STOCK MARKETS AND IPO , CLICK HERE
Dated 16.01.2021 : Indian Railway Finance Corporation Limited ( IRFC ) , wholly-owned by the Government of India acting through the MoRs is the dedicated market borrowing arm of the Indian Railways. Its primary business is financing the acquisition of rolling stock assets (trucks, wagons etc), leasing of railway infrastructure assets and national projects of the Government of India (collectively, "Project Assets") and lending to other entities under the MoR (Ministry of Railways).
Now IRFC is coming up with a Initial Public Offering (IPO) of equity shares in the price band of Rs 25 to Rs 26 between January 18 , 2021 to January 20 , 2021 against Face value of Rs 10 per share . One can apply in lots of 575 shares each or its multiples . The shares will be listed in BSE / NSE
ISSUE SIZE :
The issue is consists both Offer for Sale ( OFS ) by the Government of India and fresh issue . The offer for sale of up to 594,023,000 shares ( Rs1,485– Rs 1,663 crore) . Fresh issue is 1,188,046,000 shares ( Rs 2,970 – Rs 3,326 crore) .
The BOOKRUNNING lead managers for the issue are .
1.DAM Capital Advisors Limited
2.HSBC Securities and Capital Markets (India) Private Limited
3.ICICI Securities Limited
4. SBI Capital Markets Limited
5. KFin Technologies Private Limited
ABOUT THE COMPANY : It is wholly-owned by the Government of India acting through the Ministry of railways . The company is financing needs of the railways in major way . The company is registered with the Reserve Bank of India as a systematically important NBFC and is classified under the category of an “Infrastructure Finance Company”. Its primary business is financing the acquisition of rolling stock assets, which includes both powered and unpowered vehicles, for example locomotives, coaches, wagons, trucks, flats, electric multiple units, containers, cranes, trollies of all kinds and other items of rolling stock, leasing of railway infrastructure assets and national projects of the Government of India and lending to other entities under the Ministry of Railways.
Financial Status ; The company is continuously having excess revenue over its expenditure over the years . During the financial year 2019-20 , company has a net income of Rs 3,191 crores against a total revenue of Rs 13,421 crores . During the first half of the present year 2020-21 , company had a net income of Rs 1,887 crores against a total revenue of Rs 7,384 crores .
To Read RED-HERRING DOCUMENT OF THE ISSUE . CLICK HERE
The allotment status will be available on Link K-fintech’s website. Click on this link to get allotment status.
FOR PRECAUTIONS TO BE TAKEN WHILE INVESTING IN STOCK MARKETS AND IPO , CLICK HERE
Sovereign Gold Bond Scheme 2020-21 Series VII, VIII, IX, X, XI, XII
NOTE : . Issue Price for Series VII ( October 12 – October 16, 2020 ) is ₹5,051/- per gram of gold.
Dated 12.10.2020 : Government of India has announced the Sovereign Gold Bond Scheme 2020-21, Series VII, VIII, IX, X. XI and XII. Under the scheme there will be a distinct series (starting from Series VII) for every tranche. The terms and conditions of the issuance of the Bonds shall be as below :
1 . Bonds will be issued by Reserve Bank of India on behalf of the Government of India.
2. The Bonds will be sold only to to resident individuals, HUFs, Trusts, Universities and Charitable Institutions.
4. The Bonds will be denominated in multiples of gram(s) of gold with a basic unit of 1 gram.
5. Bonds will be for a period of 8 years with exit option after 5th year to be exercised on the next interest payment dates.
6. Individuals and HUF can subscribe up to 4 KG and 20 Kg limit for trusts .
7. Joint holder In case of joint holding, the investment limit of 4 KG will be applied to the first applicant only.
8. Issue price Price of Bond will be fixed on the basis of simple average of closing price of gold of 999 purity, published by the India Bullion and Jewellers Association Limited for the last 3 working days of the week preceding the subscription period. The issue price of the Gold Bonds will be ₹ 50 per gram less for those who subscribe online and pay through digital mode.
9. One can pay up to ₹ 20,000 by cash and higher amounts can be paid or demand draft or cheque or electronic banking.
10. The Bonds are eligible for conversion into demat form.
11. The redemption price will be based on simple average of closing price of gold of 999 purity, of previous 3 working days published by IBJA Ltd.
12. Bonds will be sold through Commercial banks, Stock Holding Corporation of India Limited (SHCIL), designated post offices (as may be notified) and recognised stock exchanges viz., National Stock Exchange of India Limited and Bombay Stock Exchange, either directly or through agents.
13. Interest Rate : 2.50 percent per annum payable semi-annually on the nominal value.
14. Bonds can be used as collateral for loans.
15. KYC documentation Know-your-customer (KYC) norms will be the same as that for purchase of physical gold. KYC documents such as Voter ID, Aadhaar card/PAN or TAN /Passport will be required. Every application must be accompanied by the ‘PAN Number’ issued by the Income Tax Department to individuals and other entities.
16. Interest is taxable . But no capital gains tax to be paid on redemption . The indexation benefits will be provided to long term capital gains arising to any person on transfer of bond.
17. Bonds will be tradable on stock exchanges.
ISSUE DATES FOR VARIOUS TRANCHE :
1. 2020-21 Series VII DATE OF SUBSCRIPTION : October 12 - 16, 2020 ISSUE DATE : October 20, 2020
2. 2020-21 Series VIII DATE OF SUBSCRIPTION November 09 - 13, 2020 ISSUE DATE November 18, 2020
3. 2020-21 Series IX DATE OF SUBSCRIPTION December 28 2020 - January 01, 2021 ISSUE DATE January 05, 2021
4. 2020-21 Series X DATE OF SUBSCRIPTION January 11-15, 2021 ISSUE DATE January 19, 2021
5. 2020-21 Series XI DATE OF SUBSCRIPTION February 01- 05, 2021 ISSUE DATE February 09, 2021
6. 2020-21 Series XII DATE OF SUBSCRIPTION March 01- 05, 2021 ISSUE DATE March 09, 2021
To read RBI Notification , CLICK HERE
NOTE : . Issue Price for Series VII ( October 12 – October 16, 2020 ) is ₹5,051/- per gram of gold.
Dated 12.10.2020 : Government of India has announced the Sovereign Gold Bond Scheme 2020-21, Series VII, VIII, IX, X. XI and XII. Under the scheme there will be a distinct series (starting from Series VII) for every tranche. The terms and conditions of the issuance of the Bonds shall be as below :
1 . Bonds will be issued by Reserve Bank of India on behalf of the Government of India.
2. The Bonds will be sold only to to resident individuals, HUFs, Trusts, Universities and Charitable Institutions.
4. The Bonds will be denominated in multiples of gram(s) of gold with a basic unit of 1 gram.
5. Bonds will be for a period of 8 years with exit option after 5th year to be exercised on the next interest payment dates.
6. Individuals and HUF can subscribe up to 4 KG and 20 Kg limit for trusts .
7. Joint holder In case of joint holding, the investment limit of 4 KG will be applied to the first applicant only.
8. Issue price Price of Bond will be fixed on the basis of simple average of closing price of gold of 999 purity, published by the India Bullion and Jewellers Association Limited for the last 3 working days of the week preceding the subscription period. The issue price of the Gold Bonds will be ₹ 50 per gram less for those who subscribe online and pay through digital mode.
9. One can pay up to ₹ 20,000 by cash and higher amounts can be paid or demand draft or cheque or electronic banking.
10. The Bonds are eligible for conversion into demat form.
11. The redemption price will be based on simple average of closing price of gold of 999 purity, of previous 3 working days published by IBJA Ltd.
12. Bonds will be sold through Commercial banks, Stock Holding Corporation of India Limited (SHCIL), designated post offices (as may be notified) and recognised stock exchanges viz., National Stock Exchange of India Limited and Bombay Stock Exchange, either directly or through agents.
13. Interest Rate : 2.50 percent per annum payable semi-annually on the nominal value.
14. Bonds can be used as collateral for loans.
15. KYC documentation Know-your-customer (KYC) norms will be the same as that for purchase of physical gold. KYC documents such as Voter ID, Aadhaar card/PAN or TAN /Passport will be required. Every application must be accompanied by the ‘PAN Number’ issued by the Income Tax Department to individuals and other entities.
16. Interest is taxable . But no capital gains tax to be paid on redemption . The indexation benefits will be provided to long term capital gains arising to any person on transfer of bond.
17. Bonds will be tradable on stock exchanges.
ISSUE DATES FOR VARIOUS TRANCHE :
1. 2020-21 Series VII DATE OF SUBSCRIPTION : October 12 - 16, 2020 ISSUE DATE : October 20, 2020
2. 2020-21 Series VIII DATE OF SUBSCRIPTION November 09 - 13, 2020 ISSUE DATE November 18, 2020
3. 2020-21 Series IX DATE OF SUBSCRIPTION December 28 2020 - January 01, 2021 ISSUE DATE January 05, 2021
4. 2020-21 Series X DATE OF SUBSCRIPTION January 11-15, 2021 ISSUE DATE January 19, 2021
5. 2020-21 Series XI DATE OF SUBSCRIPTION February 01- 05, 2021 ISSUE DATE February 09, 2021
6. 2020-21 Series XII DATE OF SUBSCRIPTION March 01- 05, 2021 ISSUE DATE March 09, 2021
To read RBI Notification , CLICK HERE
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