Ennore Port Limited (EPL)

*For category IV - Tranche I series IIB & IIIB option for 15 & 20 years
Issue Highlights:
Issue Opens |
Tuesday, February 18, 2014 |
Minimum Application |
5 Bonds (Rs. 5,000) (Individually or collectively, across all series of Bonds) |
Issue Closes |
Friday, March 14 , 2014 |
Annualized Yield
(Retail - Category IV) |
8.61% p.a for Tranche I series IB for 10 yrs
9.00% p.a for Tranche I series IIB for 15 yrs
9.00% p.a for Tranche I series IIIB for 20 yrs
|
Issue Price |
Rs. 1,000/- per Bond |
Credit Ratings |
"ICRA AA" By ICRA "CARE AA" By CARE |
Business Overview:
We are the developer and operator of Ennore Port, India's 12th Major Port under the Ministry of Shipping, Government of India. Our Port is the only major port to adopt the corporate form of management. Ennore Port was developed as a green field project in the east coast of India at a distance of about 20 kilometres to the north of Chennai Port. The Port was declared as a Major Port under the Indian Ports Act, 1908 in March 1999. Ennore Port Limited was incorporated as a company in October, 1999 under the Companies Act 1956. Ennore Port was originally conceived as a satellite port to Chennai Port, primarily to handle thermal coal to meet the requirement of TNEB now known as TANGEDCO. The scope of the Port was expanded taking into account subsequent developments plans of the Government of Tamil Nadu to set up Liquefied Natural Gas ("LNG"), petrochem and naphtha cracker power projects.
Issue Highlights:
Issue Opens |
Tuesday, February 18, 2014 |
Issue Closes |
Friday, March 14 , 2014 |
Issue Price |
Rs. 1,000/- per Bond |
Face Value |
Rs. 1,000/- per Bond |
Minimum Application |
5 Bond (Rs. 5,000) (Individually or collectively, across all series of Bonds) |
Rating |
ICRA AA" By ICRA "CARE AA" By CARE |
Listing On |
BSE |
Registrar |
Link Intime India Private Limited |
Annualized Yield
(Retail - Category IV) |
8.61% p.a for Tranche I series IB for 10 yrs
9.00% p.a for Tranche I series IIB for 15 yrs
9.00% p.a for Tranche I series IIIB for 20 yrs
|
Annualized Yield
(Non Retail -
Category I, II and III) |
8.36% p.a Tranche I series IA for 10 yrs
8.75% p.a Tranche I series IIA for 15 yrs
8.75% p.a Tranche I series IIA for 20 yrs |
Allotment is on First Come First Serve Basis
Specific terms for each series of Bonds
Options / Series |
Tranche I Series IA |
Tranche I Series IIA |
Tranche I Series IIIA |
Coupon rate p.a. for Category I, II, and III |
8.36% |
8.75% |
8.75% |
Annualized yield p.a. for Category I, II & III |
8.36% |
8.75% |
8.75% |
Options / Series |
Tranche I Series IB |
Tranche I Series IIB |
Tranche I Series IIIB |
Coupon Rate p.a. for Category IV |
8.61% |
9.00% |
9.00% |
Annualized yield p.a. for Category IV |
8.61% |
9.00% |
9.00% |
Frequency of Interest Payment |
Annual |
Annual |
Annual |
Minimum Application |
5 Bonds (Rs. 5,000) (Individually or collectively, across all series of Bonds) |
In Multiples of |
One Bond (Rs. 1,000/-) |
Face Value |
Rs. 1,000/- |
Issue Price |
Rs. 1,000/- |
Tenor |
10 Years |
15 Years |
20 Years |
Redemption Date |
At the end of 10 Years from the Deemed Date of Allotment |
At the end of 15 Years from the Deemed Date of Allotment |
At the end of 20 Years from the Deemed Date of Allotment |
Redemption Amount (Rs./Bond) |
Repayment of the Face Value plus any interest that may have accrued at the Redemption Date |
Click here to download the prospectus of this Bond Issue.
Who Can Apply
Categories |
|
Reservation for
Categories |
Basis of
allocation
incase of over
subscription |
Category I:
(QIB Portion) |
- Public financial institutions specified in Section 2(72) of the Companies Act 2013,
- Scheduled commercial banks,
- Mutual funds registered with SEBI,
- Alternative Investment Fund registered with SEBI ("Alternative Investment Funds") under the Securities and Exchange Board of India (Alternative Investment Funds) Regulations, 2012 ("SEBI AIF Regulations")
- Multilateral and bilateral Development financial institutions,
- State industrial development corporations,
- Insurance companies registered with the Insurance Development and Regulatory Authority ("IRDA")
- Provident funds with a minimum corpus of Rs. 250 million,
- Pension funds with a minimum corpus of Rs. 250 million,
- The National Investment Fund set up by resolution F. No. 2/3/2005-DD-II dated November 23, 2005 of the GoI, published in the Gazette of India,
- Insurance funds set up and managed by the army, navy, or air force of the Union of India and
- Insurance funds set up and managed by the Department of Posts, India.
|
10% of Overall Issue Size |
On first-come-first-serve basis |
Category II: (Corporate Portion) |
Companies within the
meaning of Section 2(20)
of the Companies Act
2013, limited liability
Partnerships registered
under the provisions of
the Limited Liability
Partnership Act, 2008, as
amended from time to
time ("LLP Act"), statutory
corporations, trusts,
partnership firms in the
name of their respective
partners, co-operative
banks, regional rural
banks, bodies corporate
registered under the
applicable laws in India
and authorised to invest
in Bonds along with Major
Port Trusts whose board is
constituted as a body
corporate and other legal
entities constituted
and/or registered under
applicable laws in India
that are authorized to
invest in Bonds by their
respective constitutional
and/or charter
documents, subject
to compliance with
respective applicable
laws.
|
20% of Overall Issue Size |
On first-come-first-serve basis |
Category III: (HNI Portion) |
TThe following investors applying for an amount aggregating to more than Rs. 1 million across all Series of Bonds in the Issue
- Resident Individual Investors
- Hindu Undivided Families ("HUF") applying through the Karta.
|
30% of Overall Issue Size |
On first-come-first-serve basis |
Category IV:
(Retail Portion) Individual Investor |
The following investors applying for an amount aggregating up to and including Rs. 1 million across all Series of Bonds in the Issue
- Resident Individual Investors
- Hindu Undivided Families through the Karta.
|
40% of Overall Issue Size |
On first-come-first-serve basis |