Show

Merchant Banking Services

 

MERCHANT BANKING SERVICES

 

INTRODUCTION:

 

Track Record of Public Issues managed.

 

Canara Bank is one of the leading " Merchant Bankers / Investment Bankers” in India, offering specialized services related to Capital Market to Banks, PSUs, State owned Corporations, Local Statutory bodies, Corporate sector including MSMEs.


We are SEBI registered Category I Merchant Banker (holding permanent certificate of registration) rendering Issue Management (Public / Rights / Private Placement Issues), Underwriting, Consultancy and Corporate Advisory Services etc, as a Capital Market Intermediary.

 

We also hold SEBI Certificate of Permanent Registration to handle “Bankers to an Issue” assignments with network of exclusive Capital Market Service Branches for handling Collecting (Escrow) / Refund / Paying Banker assignments. We are also a Self Certified Syndicate Bank for extending Application Supported by Blocked Amount (ASBA) facility through our Branches.

 

We do undertake "project appraisals" with linkage to resource raising plans from Capital Market/ Debt Markets and facilitate tie-ups with Banks / Financial Institutions and Potential Investors.

 

Our uniqueness is in extending services through single window / “In house” concept in the following areas:

 

  1. Merchant Banking
  2. Commercial Banking
  3. Investments
  4. Bankers to Issue - Escrow Bankers / ASBA
  5. Underwriting
  6. Loan Syndication

 

As leading Merchant Bankers in India, we have been associating with issues involving various types of industries, banks, statutory Bodies etc. and have an edge in handling Private Placement issues – both retail & HNIs/QIBs.

 

SPECTRUM OF SERVICES:

 

  • Equity Issue Management (Public/Rights)
  • Debt Issue Management
  • Project Appraisals
  • Monitoring Agency Assignments
  • Security Trustee Services
  • Buy Back Assignments
  • Share Valuations
  • Employees Stock Option Scheme - Certification
  • Debenture Trusteeship
  • Issuing & Paying Agent (IPA) for Commercial Paper Issues

 

 

ISSUE MANAGEMENT SERVICES:

  • Project Appraisal
  • Capital structuring
  • DRHP/RHP- Compilation of Offer Document.
  • Tie-ups (placement)
  • Formalities with SEBI / Stock Exchange / ROC etc.,
  • Underwriting
  • Promotion /Marketing of Issues
  • Collecting Banker / Banker to an issue
  • Post Issue Management
  • Refund Bankers
  • Debenture Trusteeship
  • Registrar & Transfer Agency (our Subsidiary)
  • ASBA-Self Certified Syndicate Bank

 

ONGOING ASSIGNMENTS:

  • On tap Retail Private Placement Bond Issues- Arrangers/ Collecting Bankers
  • Fair Market Valuation of Shares ( Involving Indian and Foreign Accounting Standards)

 

A S B A [Applications Supported by Blocked Amount] Enabled SCSB

Applications Supported by Blocked Amount [ASBA] is an initiative by SEBI to make the process of Subscription to Capital Issues (Primary) more efficient. Under this system, the application money will remain in the account of the customer, earning interest till the allotment process is completed.

 

We offer this facility to our CASA account holders intending to invest in capital issues (both public and right issues).

 

A hold is created in the account of the customer to the extent of value of shares applied for in the primary market and the hold is released after the finalization of Basis of Allotment. The blocked amount is transferred to the issuer company to match the quantum of shares allotted.

 

The following are the requirement for applying through the ASBA process by the Account holder:

  • Account holder / Investor should be from the approved category eligible to apply as per SEBI guidelines.
  • Should have a Savings / Current account (CASA) with us.
  • Should have a Demat Account with a Depository Participant.
  • Should have a Permanent Account Number (PAN).
  • Availability of sufficient balance in the account for creating a hold in the account to the extent of application money required/mentioned in the ASBA application, above the minimum balance.

 

The following options are available to the ASBA investor:

  • A maximum of 5 applications can be submitted from a single account
  • ASBA Application can be submitted at our branches.
  • Option available to the investor to revise the bid/delete the bid within the bidding period.
  • ASBA facility extended for internet customers. Login to Net Banking> Under Main Menu> Services>Others>ASBA > Issues which are open will pop up

 

Click http://www.nseindiaipo.com/issueforms/html/index.html to download ASBA application forms.

Click http://www.bseindia.com/markets/Publicissues/IPOIssues.aspx?expandable=4&id=1&Type=p

to download ASBA application forms.

 

INVESTMENT OPPORTUNITY IN 54 EC CAPITAL GAINS TAX EXEMPTION BONDS

 

RURAL ELECTRIFICATION CORPORATION (SERIES XII) AND NATIONAL HIGHWAYS AUTHORITY OF INDIA

(SERIES XIX) FY 2018-19

 

DETAILS

REC LIMITED

NHAI

Credit Rating

‘CARE AAA’ by CARE Ltd, ‘CRISIL AAA’ by CRISIL Ltd, ‘IND AAA’ by India Ratings & Research Private Ltd, ICRA AAA by ICRA LTD

“IND AAA/ Stable by ICRA ltd

Issue size

Rs.1000 Crore plus green shoe option to retain the oversubscription.

Rs. 6000 Crores.

Face Value

Rs.10,000/- per Bond

Rs.10,000/- per Bond

Issue Price

Rs.10,000/- per Bond

Rs.10,000/- per Bond

Rate of Interest

5.75%

5.75%

Issue Closing Date

31.03.2019 (or at a date as may be decided by REC in its absolute discretion )

31.03.2019( or at a Date as may be decided by NHAI at its absolute discretion)

Mode of Issue

Private Placement

Private Placement

Minimum Application Size

Two Bonds of Rs. 10,000/- each ( Min- Rs.20,000/-)

One Bond of Rs.10,000/-

Maximum Application Size

500 Bonds of Rs. 10,000/- each (Rs. 50 Lakhs) subject to section 54 EC of Income Tax Act, 1961.

500 Bonds of Rs. 10,000/- each (Rs. 50 Lakhs) subject to fulfillment of other conditions as specified in Income Tax Act.

Mode of Subscription

100% on application

100% on application

Cheque/ DD crossed Account Payee in the name of

“RURAL ELECTRIFICATION CORPORATION LTD – 54EC Bonds”

NATIONAL HIGHWAYS AUTHORITY OF

INDIA”

Deemed Date of Allotment

Last day of each month in which the subscription money is received and credited to REC Collection account

Last day of each month during which the application amount has been cleared and credited to NHAI’s Collection account.

Tenor & Lock-in

5 Years from the deemed date of allotment.

5 Years from the deemed date of allotment.

Redemption/Maturity

At par, at the end of 5 years from the deemed date of allotment.

At par 5 years from Deemed date of allotment.

Transfer

Non- Transferable, non-negotiable and cannot be offered as a security for any loan or advance.

Non- Transferable, non negotiable and cannot be offered as a security for any loan or advance.

Trustee

SBICAP Trustee Company Ltd., Mumbai.

M/s Vistra ITCL (India) Limited (formerly IL&FS Trust Company Limited), Mumbai

Registrars

Karvy Computershare Pvt. Ltd.

Corporate office, Karvy Selenium,

Tower B,Plot number 31 & 32, Financial District, Gachibowli - Hyderabad 500 032

M/s Beetal Financial & Computer Services

(P) Ltd “99, Beetal House”, Near Harsukh Das Mandir, Behind Local shopping Centre, Madangir, New Delhi-110062

Phone:011-29961281/82/83,

email: beetalrta@gmail.com

nhaibonds@gmail.com

Investors Service

REC Investors Service Cell

Core-4, SCOPE Complex, 7, Lodi Road, New Delhi- 110 003

Tel: 011-24361320,43091527

Toll free No. 1800 200 1333

Email ID: investorcell@recl.nic.in

NHAI Bonds Division

011-25074100/200 Extn.2406, 2460, 2479

Interest Payment

Annual, Payable annually on 30th June.

 

Annual, payable annually on 1st April

Coupon Rate

5.75% p.a.

 

5.75% p.a.

Documents to be provided by all Investors

1. Self attested copy of PAN (in case of Joint application, self attested PAN copy of all applicants)

2. Cancelled cheque for NECS facility.

3. Self attested Address Proof.

4. Self attested Copy of Aadhar card

1. Self attested copy of PAN (In case of Joint application, self attested PAN copy of all applicants)

2. Photo copy of cancelled cheque for NECS / ECS facility.

3. Address Proof.

4. Self attested Copy of Aadhar card

Other information

The Investors are advised to ascertain with regard to the prevailing terms of Private placement including coupon rate.

REC reserves the right to revise the coupon rate and / or close the issue by giving a notice. All applications submitted but not accepted by REC would be returned by REC to the applicant without any interest.

 

The Investors are advised to ascertain with regard to the prevailing terms of Private placement including coupon rate.

 

  

WE ARE “ARRANGERS” and “COLLECTING BANKERS “to the CAPITAL GAIN Bond Issues. (Private placement)

 

FOR FURTHER INFORMATION / APPLICATION FORMS PLEASE CONTACT CORPORATE MERCHANT BANKING DIVISION, HO /OUR MBDs/CMSBs as per details below:

 

MERCHANT BANKING SETUP:

Corporate Merchant Banking Division, S P & D Wing, Head Office, 112 J C Road Bangalore-560 002

Mr. R Balakrishanan

Divisional Manager

Mr.Srikanth P Udupa

Manager

080-22533852

 

080-22233771

080-22128056

 

 

hocmbd@canarabank.com

 

Merchant Banking Division,

G 14, C Block, BKC Complex, Bandra ( E) Mumbai – 400 051

Mrs. Nirmala Ramakrishnan

Officer

022-26728611

mbdcomcity@canarabank.com

 

Merchant Banking Division,

Jeevan Bharti Building,

Tower-II, Sansad Marg,

New Delhi-110 001

Mr. Sunil Kumar Khanna, Manager

 

011-23719542

Cb2471@canarabank.com

 

  

CAPITAL MARKET SERVICE BRANCHES:


Capital Market Service Branch, Jeevan Bharti Building,

Tower-II, Sansad Marg,

New Delhi -110001

Mr. Y K Sharma, Officer.

011-3356864

cb2471@canarabank.com

sudhirgupta@canarabank.com

 

Capital Market Service Branch Cell, Stock & Commodity Exchange Branch, Atlanta Building, Nariman Point, MumbaI- 400 021

Mr. Ranganath,

Manager

Mr. Manmohan Panwar

Officer

022-22028232

22028235

cb2422@canarabank.com

 

Capital Market Service Cell, Narayan Chamber,

Nehru Bridge Corner , Ashram Road, Ahmedabad-380 009

Mr. Rajesh Kumar,

Senior Manager

 

079-26577112

managercb1321@canarabank.com

 

 

 

For status of Bonds after submitting of application Investors may contact Registrars / Company.

 

Click here for the List of Collecting Branches for investment in 54EC Capital Gain Issue of Rural Electrification Corporation.