COMPANY PROFILE: - Religare Finvest Ltd (RFL) was incorporated as a private limited company called Skylark Securities Private Limited on January 6, 1995. Subsequently its name was changed to "Religare Finvest Limited" vide a fresh certificate of incorporation dated April 4, 2006.
- RFL is a systemically important non-deposit accepting non-banking finance company (NBFC), focusing on small and medium enterprises (SME) financing and retail capital market financing.
ISSUE SALIENT FEATURES : - Interest rate range from 12.00% to 12.50% depending on the series applied for (Option I & Option II)
- Higher interest rates for individuals applying up to Rs. 500,000
- Credit Ratings of "ICRA AA- (Stable)" and "CARE AA-"
- Non-convertible debentures (NCDs) are allotted on a first-come-first-serve basis
- NCDs are allotted on demat mode only
- NCDs have two series of options: 60 months and 36 months
ISSUE INVESTMENT OPTIONS
| Options | | | || | | Minimum Application | Rs10,000 (10 NCDs; for all options of NCDs, namely Options I and II either taken individually or collectively). | | Face Value/Issue Price | Rs. 1,000 (1 NCD) | | In Multiples Of | Rs. 1,000 (1 NCD) | | Interest Rate (%) per annum | | 1) For NCD holders in Category I | 12.10% | 12.00% | | 2) For NCD holders in the Non-Institutional Portion (Category II) | 12.25% | 12.15% | | 3) For NCD holders in the Reserved Individual Portion (Category III) | 12.50% | 12.25% | | Yield on Maturity (%) (per annum) | | 1) For NCD holders in Category I | 12.10% | 12.00% | | 2) For NCD holders in the Non-Institutional Portion (Category II) | 12.25% | 12.15% | | 3) For NCD holders in the Reserved Individual Portion (Category III) | 12.50% | 12.25% | | Listing | BSE | BSE | | Frequency of Interest Payment | Annual | Annual | | Redemption Amount (Rs/NCD) | Repayment of the face value plus any interest that may have accrued on the redemption date. | Repayment of the face value plus any interest that may have accrued on the redemption date. | | Tenor | 60 months | 36 months |
| An Applicant is allowed to make one or more applications for the NCDs for the same or the other series of NCDs, subject to a minimum application size of Rs10,000 and in multiples of Rs1,000 thereafter, for each application. For the purposes of allotment of NCDs under the Issue, applications shall be grouped based on the PAN; applications under the same PAN shall be grouped together and treated as one application. Two or more applications will be deemed to be multiple applications if the sole or first applicant is one and the same. For the sake of clarity, two or more applications shall be deemed to be a multiple application for the aforesaid purpose if the PAN number of the sole or the first applicant is one and the same. | | Applicant Category I | - Public financial institutions, statutory corporations, commercial banks, co-operative banks and regional rural banks, which are authorised to invest in the NCDs;
- Provident funds, pension funds, superannuation funds and gratuity fund, which are authorised to invest in the NCDs;
- Venture Capital funds registered with SEBI;
- Insurance Companies registered with the IRDA;
- National Investment Fund;
- Mutual Fund;
| | Applicant Category II | - Companies; bodies corporate and societies registered under the applicable laws in India and authorised 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;
- Limited liability partnerships formed and registered under the provisions of the Limited Liability Partnership Act, 2008
- Resident Indian individuals who apply for NCDs aggregating to a value more than Rs.5 Lac, across all series of NCDs, (Option I and/or Option II);
- Hindu Undivided Families through the Karta who apply for NCDs aggregating to a value more than Rs.5 Lac, across all series of NCDs, (Option I and/or Option II); and
- Non Resident Individuals (NRIs - Non repatriation basis only) who apply for NCDs aggregating to a value more than Rs.5 Lac, across all series of NCDs, (Option I and/or Option II)
| | Applicant Category III | The following persons/entities- Resident Indian individuals who apply for NCDs aggregating to a value not more than Rs.5 Lac, across all series of NCDs, (Option I and/or Option II)
- Hindu Undivided Families through the Karta who apply for NCDs aggregating to a value not more than Rs.5 Lac, across all series of NCDs, (Option I and/or Option II);
- Non Resident Individuals (NRIs - Non repatriation basis only) who apply for NCDs aggregating to a value not more than Rs.5 Lac, across all series of NCDs, (Option I and/or Option II).
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