{"id":4615,"date":"2022-10-13T13:35:02","date_gmt":"2022-10-13T13:35:02","guid":{"rendered":"https:\/\/goldenpi.com\/blog\/?p=4615"},"modified":"2026-02-24T14:50:30","modified_gmt":"2026-02-24T14:50:30","slug":"national-highway-infra-trust-ncd-ipo-should-you-invest-oct-2022","status":"publish","type":"post","link":"https:\/\/goldenpi.com\/blog\/essentials\/bond-market\/national-highway-infra-trust-ncd-ipo-should-you-invest-oct-2022\/","title":{"rendered":"NATIONAL HIGHWAY INFRA TRUST- NCD IPO &#8211; SHOULD YOU INVEST, OCT-2022"},"content":{"rendered":"<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">High Yield | AAA Rated | Minimum Investment: 10k Only<\/span><\/p>\n<p><span style=\"font-weight: 400;\">National Highway Infra Trust<\/span> <span style=\"font-weight: 400;\">is issuing the <strong>Non-Convertible Debentures<\/strong>. These NCDs are AAA\/Stable by ICRA and India Ratings and Research Limited. The NCDs are issued with staggered maturity ranging from 13 to 25 years. The coupon offered by this tranche of NCD is 7.9% and effective yield is\u00a0 8.05%. The NCDs are secured and redeemable in nature.<\/span><\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-4618\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/10\/13122851\/Bond-Overview-3-1-e1665665807765-846x1024.png\" alt=\"Investment for National Highway Infra Trust\" width=\"436\" height=\"528\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/10\/13122851\/Bond-Overview-3-1-e1665665807765-846x1024.png 846w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/10\/13122851\/Bond-Overview-3-1-e1665665807765-248x300.png 248w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/10\/13122851\/Bond-Overview-3-1-e1665665807765-768x929.png 768w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/10\/13122851\/Bond-Overview-3-1-e1665665807765-1269x1536.png 1269w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/10\/13122851\/Bond-Overview-3-1-e1665665807765-1170x1416.png 1170w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/10\/13122851\/Bond-Overview-3-1-e1665665807765-585x708.png 585w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/10\/13122851\/Bond-Overview-3-1-e1665665807765.png 1595w\" sizes=\"(max-width: 436px) 100vw, 436px\" \/><span style=\"font-weight: 400;\">STRPP &#8211; Separately Transferable and Redeemable Principal Parts<\/span><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_79_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/goldenpi.com\/blog\/essentials\/bond-market\/national-highway-infra-trust-ncd-ipo-should-you-invest-oct-2022\/#INVEST_NOW\" >INVEST NOW<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/goldenpi.com\/blog\/essentials\/bond-market\/national-highway-infra-trust-ncd-ipo-should-you-invest-oct-2022\/#Goldenpi_organized_a_webinar_on_%E2%80%9Can_Exclusive_chat_with_the_Executives_from_National_Highways_Infra_Trust_NHAI_InvIT_and_The_Trust_Investment_Advisors_Pvt_Ltd_about_the_NHAI_InvIT_NCD_IPO\" >Goldenpi organized a webinar on &#8220;an Exclusive chat with the Executives from National Highways Infra Trust (NHAI InvIT) and The Trust Investment Advisors Pvt. Ltd about the NHAI InvIT NCD IPO.<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/goldenpi.com\/blog\/essentials\/bond-market\/national-highway-infra-trust-ncd-ipo-should-you-invest-oct-2022\/#National_Highway_Infra_Trust_NCD_IPO_Coupon_Rates_and_Effective_Yield_for_Each_of_the_Series\" >National Highway Infra Trust NCD IPO: Coupon Rates and Effective Yield for Each of the Series\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/goldenpi.com\/blog\/essentials\/bond-market\/national-highway-infra-trust-ncd-ipo-should-you-invest-oct-2022\/#Principal_Redemption_Schedule_and_Redemption_Amounts\" >Principal Redemption Schedule and Redemption Amounts<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/goldenpi.com\/blog\/essentials\/bond-market\/national-highway-infra-trust-ncd-ipo-should-you-invest-oct-2022\/#Objects_of_the_Issue\" >Objects of the Issue<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/goldenpi.com\/blog\/essentials\/bond-market\/national-highway-infra-trust-ncd-ipo-should-you-invest-oct-2022\/#Allocation_Ratio\" >Allocation Ratio<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/goldenpi.com\/blog\/essentials\/bond-market\/national-highway-infra-trust-ncd-ipo-should-you-invest-oct-2022\/#Investment_Process_for_National_Highway_Infra_Trust_NCD_IPO\" >Investment Process for National Highway Infra Trust NCD IPO<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/goldenpi.com\/blog\/essentials\/bond-market\/national-highway-infra-trust-ncd-ipo-should-you-invest-oct-2022\/#Invest_in_Bond_IPO_online_in_just_5_minutes\" >Invest in Bond IPO online in just 5 minutes<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/goldenpi.com\/blog\/essentials\/bond-market\/national-highway-infra-trust-ncd-ipo-should-you-invest-oct-2022\/#Financial_Overview\" >Financial Overview<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/goldenpi.com\/blog\/essentials\/bond-market\/national-highway-infra-trust-ncd-ipo-should-you-invest-oct-2022\/#Cash_Flow_for_Last_5_Years\" >Cash Flow for Last 5 Years<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/goldenpi.com\/blog\/essentials\/bond-market\/national-highway-infra-trust-ncd-ipo-should-you-invest-oct-2022\/#Ratio_Analysis\" >Ratio Analysis<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/goldenpi.com\/blog\/essentials\/bond-market\/national-highway-infra-trust-ncd-ipo-should-you-invest-oct-2022\/#Overview\" >Overview<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/goldenpi.com\/blog\/essentials\/bond-market\/national-highway-infra-trust-ncd-ipo-should-you-invest-oct-2022\/#Issue_Analysis\" >Issue Analysis<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/goldenpi.com\/blog\/essentials\/bond-market\/national-highway-infra-trust-ncd-ipo-should-you-invest-oct-2022\/#Pros\" >Pros<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/goldenpi.com\/blog\/essentials\/bond-market\/national-highway-infra-trust-ncd-ipo-should-you-invest-oct-2022\/#Cons\" >Cons\u00a0<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/goldenpi.com\/blog\/essentials\/bond-market\/national-highway-infra-trust-ncd-ipo-should-you-invest-oct-2022\/#About_National_Highway_Infra_Trust\" >About National Highway Infra Trust<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/goldenpi.com\/blog\/essentials\/bond-market\/national-highway-infra-trust-ncd-ipo-should-you-invest-oct-2022\/#Strengths\" >Strengths<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/goldenpi.com\/blog\/essentials\/bond-market\/national-highway-infra-trust-ncd-ipo-should-you-invest-oct-2022\/#Weakness\" >Weakness<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/goldenpi.com\/blog\/essentials\/bond-market\/national-highway-infra-trust-ncd-ipo-should-you-invest-oct-2022\/#To_get_better_returns_than_Bank_FDs_invest_in_NCD-IPOs_online\" >To get better returns than Bank FDs, invest in NCD-IPOs online<\/a><\/li><\/ul><\/nav><\/div>\n<h2 style=\"text-align: center;\"><span class=\"ez-toc-section\" id=\"INVEST_NOW\"><\/span><a href=\"https:\/\/goldenpi.com\/bonds\/GPID101685\/national-highways-infra-trust-79-bond-yield?src=preview%2Futm_source%3Dblog&amp;utm_medium=blog&amp;utm_National_Highway_Infra_Trust_Oct22=\"><strong>INVEST NOW<\/strong><\/a><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h4><span class=\"ez-toc-section\" id=\"Goldenpi_organized_a_webinar_on_%E2%80%9Can_Exclusive_chat_with_the_Executives_from_National_Highways_Infra_Trust_NHAI_InvIT_and_The_Trust_Investment_Advisors_Pvt_Ltd_about_the_NHAI_InvIT_NCD_IPO\"><\/span><strong>Goldenpi organized a webinar on &#8220;an Exclusive chat with the Executives from National Highways Infra Trust (NHAI InvIT) and The Trust Investment Advisors Pvt. Ltd about the NHAI InvIT NCD IPO.<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><iframe title=\"Exclusive Chat on Upcoming National Highway Infra Trust ( NHAI InvIT ) NCD IPO I GoldenPi\" width=\"1170\" height=\"658\" src=\"https:\/\/www.youtube.com\/embed\/Fztj3Ia5pJo?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<h2><span class=\"ez-toc-section\" id=\"National_Highway_Infra_Trust_NCD_IPO_Coupon_Rates_and_Effective_Yield_for_Each_of_the_Series\"><\/span><strong>National Highway Infra Trust NCD IPO: Coupon Rates and Effective Yield for Each of the Series\u00a0<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-4636\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/10\/14075432\/Chart-1-2-1007x1024.png\" alt=\"National Highway Infra Trust NCD IPO Coupon rates and Effective Yield\" width=\"522\" height=\"531\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/10\/14075432\/Chart-1-2-1007x1024.png 1007w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/10\/14075432\/Chart-1-2-295x300.png 295w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/10\/14075432\/Chart-1-2-768x781.png 768w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/10\/14075432\/Chart-1-2-1510x1536.png 1510w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/10\/14075432\/Chart-1-2-1170x1190.png 1170w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/10\/14075432\/Chart-1-2-585x595.png 585w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/10\/14075432\/Chart-1-2.png 1581w\" sizes=\"(max-width: 522px) 100vw, 522px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Principal_Redemption_Schedule_and_Redemption_Amounts\"><\/span><strong>Principal Redemption Schedule and Redemption Amounts<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\"><img decoding=\"async\" class=\"aligncenter wp-image-4635\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/10\/14075303\/Tenor.png\" alt=\"Principal Redemption Schedule for National Highway Infra Trust NCD IPO\" width=\"440\" height=\"463\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/10\/14075303\/Tenor.png 621w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/10\/14075303\/Tenor-285x300.png 285w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/10\/14075303\/Tenor-585x615.png 585w\" sizes=\"(max-width: 440px) 100vw, 440px\" \/><em>Each of these STRPPs has a distinct maturity date, which is known as staggered maturity. For instance, the allocation if you invested Rs. 1,00,000\/- would be as follows:<\/em>\ud83d\udc47<\/span><\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-4638\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/10\/14075922\/Blue-and-Purple-Casual-Corporate-Tech-Organizational-Chart1.png\" alt=\"Redemption Amounts for National Highway Infra Trust NCD IPO\" width=\"340\" height=\"209\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/10\/14075922\/Blue-and-Purple-Casual-Corporate-Tech-Organizational-Chart1.png 497w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/10\/14075922\/Blue-and-Purple-Casual-Corporate-Tech-Organizational-Chart1-300x185.png 300w\" sizes=\"(max-width: 340px) 100vw, 340px\" \/><\/p>\n<p style=\"text-align: center;\"><strong>All three of these STRPPs will have their own ISINs when they are allotted and listed on BSE and NSE. So enabling investors to trade them independently. Providing liquidity moving forward.<\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Objects_of_the_Issue\"><\/span><strong><span style=\"font-family: Raleway, sans-serif; font-size: 22px; letter-spacing: 0px;\">Objects of the Issue<\/span><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-4639\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/10\/14080112\/Next-one-1024x886.png\" alt=\"Objects of the Issue for National Highway Infra Trust NCD IPO\" width=\"393\" height=\"340\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/10\/14080112\/Next-one-1024x886.png 1024w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/10\/14080112\/Next-one-300x260.png 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/10\/14080112\/Next-one-768x665.png 768w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/10\/14080112\/Next-one-1170x1013.png 1170w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/10\/14080112\/Next-one-585x506.png 585w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/10\/14080112\/Next-one.png 1308w\" sizes=\"(max-width: 393px) 100vw, 393px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Allocation_Ratio\"><\/span><strong>Allocation Ratio<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The <strong>allocation ratio<\/strong> is prepared based on norms laid down by <a href=\"https:\/\/www.sebi.gov.in\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>SEBI<\/strong><\/a>. Before announcing the allocation ratio, the same has to be approved by SEBI.\u00a0 Once the IPO subscription closes, applications will be divided into different categories. The category-wise allocation ratio is always decided and declared during the launch of the particular IPO. Considering the Allocation Ratio, units will be assigned to applicants. Refer to the chart to know the application ratio for <strong>National Highway Infra Trust NCD-IPO<\/strong>.\u00a0<\/span><\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-4640\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/10\/14080304\/Next-.png\" alt=\"Allocation Ratio for National Highway Infra Trust NCD IPO\" width=\"329\" height=\"229\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/10\/14080304\/Next-.png 921w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/10\/14080304\/Next--300x209.png 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/10\/14080304\/Next--768x535.png 768w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/10\/14080304\/Next--585x407.png 585w\" sizes=\"(max-width: 329px) 100vw, 329px\" \/><\/p>\n<p>&nbsp;<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Investment_Process_for_National_Highway_Infra_Trust_NCD_IPO\"><\/span><b>Investment Process for National Highway Infra Trust NCD IPO<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">You can invest in IPOs via GoldenPi in 3 easy steps.<\/span><\/p>\n<p><b>If the investment amount is less than &amp; up to 10 lakhs,<\/b><span style=\"font-weight: 400;\"> retail investors can apply for an IPO online.<\/span><\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-4385\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/09\/04021643\/IPO-1024x512-1-1.jpeg\" alt=\"Investment amount is less than &amp; up to 10 lakhs for NCD IPO\" width=\"499\" height=\"249\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/09\/04021643\/IPO-1024x512-1-1.jpeg 1024w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/09\/04021643\/IPO-1024x512-1-1-300x150.jpeg 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/09\/04021643\/IPO-1024x512-1-1-768x384.jpeg 768w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/09\/04021643\/IPO-1024x512-1-1-585x293.jpeg 585w\" sizes=\"(max-width: 499px) 100vw, 499px\" \/><\/p>\n<p><b><i>If the investment amount is more than 10 Lakhs. <\/i><\/b><\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-4547\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/10\/03120154\/11-1024x512.jpg\" alt=\"Investment amount is more than 10 Lakhs for NCD IPO\" width=\"493\" height=\"246\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/10\/03120154\/11-1024x512.jpg 1024w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/10\/03120154\/11-300x150.jpg 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/10\/03120154\/11-768x384.jpg 768w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/10\/03120154\/11-1536x768.jpg 1536w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/10\/03120154\/11-1170x585.jpg 1170w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/10\/03120154\/11-585x293.jpg 585w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/10\/03120154\/11.jpg 1600w\" sizes=\"(max-width: 493px) 100vw, 493px\" \/><\/p>\n<h2 style=\"text-align: center;\"><span class=\"ez-toc-section\" id=\"Invest_in_Bond_IPO_online_in_just_5_minutes\"><\/span><a href=\"https:\/\/goldenpi.com\/bond-ipo-online?utm_source=blog&amp;utm_medium=blog&amp;utm_National_Highway_Oct22=\"><strong>Invest in Bond IPO online in just 5 minutes<\/strong><\/a><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h2><span class=\"ez-toc-section\" id=\"Financial_Overview\"><\/span><b>Financial Overview<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>\u00a0(Amount in Rs. Cr)<\/strong><\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-4641\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/10\/14080435\/Financial-Overview-2.png\" alt=\"Financial Overview for National Highway Infra Trust NCD IPO\" width=\"451\" height=\"316\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/10\/14080435\/Financial-Overview-2.png 969w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/10\/14080435\/Financial-Overview-2-300x210.png 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/10\/14080435\/Financial-Overview-2-768x537.png 768w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/10\/14080435\/Financial-Overview-2-585x409.png 585w\" sizes=\"(max-width: 451px) 100vw, 451px\" \/><\/p>\n<p>&nbsp;<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Cash_Flow_for_Last_5_Years\"><\/span><b>Cash Flow for Last 5 Years<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">\u00a0 <strong>(Amount in Rs. Cr)<\/strong><\/span><\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-4642\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/10\/14080544\/Cashflow-1024x581.png\" alt=\"Cash flow for National Highway Infra Trust NCD IPO\" width=\"400\" height=\"227\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/10\/14080544\/Cashflow-1024x581.png 1024w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/10\/14080544\/Cashflow-300x170.png 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/10\/14080544\/Cashflow-768x436.png 768w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/10\/14080544\/Cashflow-1536x871.png 1536w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/10\/14080544\/Cashflow-1170x663.png 1170w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/10\/14080544\/Cashflow-585x332.png 585w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/10\/14080544\/Cashflow.png 1675w\" sizes=\"(max-width: 400px) 100vw, 400px\" \/><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Cash flow refers to the movement of cash in and out of the business at a specific point in time. It represents the net balance of the cash movement.<\/span><\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">*Cash flow from operating activities reflects the amount a company generates through its product or services.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">**Cash flow from investing activities reflects cash generated and spent relating to investing activities, like the purchase of assets, sales of securities, etc.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b><span style=\"font-weight: 400;\">***Cash flow from financing activities gives an insight into the financial stability of a company to its investors. It reflects <\/span><span style=\"font-weight: 400;\">the net flows of cash that are used to fund the company.<\/span><\/b><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Ratio_Analysis\"><\/span><strong>Ratio Analysis<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-4643\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/10\/14080731\/Ratio-for-FY-2022-1024x566.png\" alt=\"Ratio Analysis for National Highway Infra Trust NCD IPO\" width=\"464\" height=\"256\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/10\/14080731\/Ratio-for-FY-2022-1024x566.png 1024w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/10\/14080731\/Ratio-for-FY-2022-300x166.png 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/10\/14080731\/Ratio-for-FY-2022-768x424.png 768w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/10\/14080731\/Ratio-for-FY-2022-1536x848.png 1536w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/10\/14080731\/Ratio-for-FY-2022-1170x646.png 1170w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/10\/14080731\/Ratio-for-FY-2022-585x323.png 585w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/10\/14080731\/Ratio-for-FY-2022.png 1769w\" sizes=\"(max-width: 464px) 100vw, 464px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Overview\"><\/span><strong>Overview<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The current Ratio and Interest Coverage Ratio remain positive stating that the trust might be able to meet its current interest obligations through its operating profits.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Debt to Equity ratio also remains very less, giving it a positive indication. It states that the trust might be able to meet its debt obligations through equity in a time of need.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The debt service coverage ratio and Cash flow to debt ratio remain low, stating that the trust might not be able to service its debt obligations through cash flows and cash profits.\u00a0<\/span><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Issue_Analysis\"><\/span><b>Issue Analysis<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Pros\"><\/span><strong>Pros<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The NCD is AAA rated security with a stable outlook.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The coupon rate is 7.9% which is much higher than FDs.<\/span><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Cons\"><\/span><strong>Cons\u00a0<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The debt service coverage ratio is less than 1.5 which indicates lower toll collections therefore less revenue.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Negative Cash flow, which indicates that they will not be able to service its debt with the available cash flows.<\/span><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"About_National_Highway_Infra_Trust\"><\/span><b>About National Highway Infra Trust<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Founded in 2020, <strong>National Highway Infra Trust<\/strong> is a registered infrastructure investment trust under the InvIT regulations. It is sponsored by the <strong>National Highway Authority of India (NHAI)<\/strong>. The trust is established for making investments in special purpose vehicles. The projects include Abu Road Project, Swaroopganj Project, Kota and Chittorgarh Bypass Project, Kurnool Highway Project, and Belgaum Project.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Strengths\"><\/span><b>Strengths<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Sponsor with extensive experience operating and maintaining projects in India&#8217;s roads and highways sector and a solid track record in the field.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A sizable portfolio of diversified toll road assets that could generate income over the long run.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Strategic regional positioning of portfolio assets or presence therein.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Experienced management group with business expertise.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Access to the portfolio of the sponsor and potential for growth.<\/span><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Weakness\"><\/span><strong>Weakness<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The execution risk associated with regular and periodic maintenance that needs to be performed in each SPV throughout the concession period affects the underlying SPVs.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Toll rates and traffic volumes affect toll revenues. Traffic volumes are influenced by a variety of variables, including the project&#8217;s location and placement of the road.<\/span><\/li>\n<\/ul>\n<h2 style=\"text-align: center;\"><span class=\"ez-toc-section\" id=\"To_get_better_returns_than_Bank_FDs_invest_in_NCD-IPOs_online\"><\/span><a href=\"https:\/\/goldenpi.com\/bond-ipo-online?utm_source=blog&amp;utm_medium=blog&amp;utm_National_Highway_Oct22=\"><strong>To get better returns than Bank FDs, invest in NCD-IPOs online<\/strong><\/a><span class=\"ez-toc-section-end\"><\/span><\/h2>\n","protected":false},"excerpt":{"rendered":"<p>High Yield | AAA Rated | Minimum Investment: 10k Only National Highway Infra Trust is issuing the Non-Convertible Debentures. These NCDs are&hellip;<\/p>\n","protected":false},"author":4,"featured_media":12029,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"no","_lmt_disable":"","footnotes":""},"categories":[24],"tags":[],"class_list":["post-4615","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bond-market"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>NATIONAL HIGHWAY INFRA TRUST- NCD IPO - SHOULD YOU INVEST, OCT-2022 - GoldenPi | Blogs<\/title>\n<meta name=\"description\" content=\"NATIONAL HIGHWAY INFRA TRUST- NCD IPO - SHOULD YOU INVEST, OCT-2022\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/goldenpi.com\/blog\/essentials\/bond-market\/national-highway-infra-trust-ncd-ipo-should-you-invest-oct-2022\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NATIONAL HIGHWAY INFRA TRUST- NCD IPO - SHOULD YOU INVEST, OCT-2022 - GoldenPi | Blogs\" \/>\n<meta property=\"og:description\" content=\"NATIONAL HIGHWAY INFRA TRUST- NCD IPO - SHOULD YOU INVEST, OCT-2022\" \/>\n<meta property=\"og:url\" content=\"https:\/\/goldenpi.com\/blog\/essentials\/bond-market\/national-highway-infra-trust-ncd-ipo-should-you-invest-oct-2022\/\" \/>\n<meta property=\"og:site_name\" content=\"GoldenPi | Blogs\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/goldenpitech\" \/>\n<meta property=\"article:author\" content=\"goldenpitech\" \/>\n<meta property=\"article:published_time\" content=\"2022-10-13T13:35:02+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-02-24T14:50:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/10\/24145004\/National-Highway-Infra-Trust-NCD-IPO-%E2%80%93-Should-You-Invest-October-2022.png\" \/>\n\t<meta property=\"og:image:width\" content=\"731\" \/>\n\t<meta property=\"og:image:height\" content=\"347\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Abhijit Roy, CEO &amp; 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