IDFC Bonds allotment and future infrastructure bond issues

I’ve received a few emails about when applicants will receive the IDFC infrastructure bonds, and since the company didn’t announce when this will happen before hand – people have been wondering when they will get the bonds.

Readers Ajay, Loney, Satish, Nageswara, Sandeep, Sangram, and Subhro (among others – it’s a really big thread so I couldn’t include all names) have left comments sharing their bond status, and that helped a great deal in getting an idea on what’s going on with this.

A big thank you to all of you for keeping everyone informed!

I don’t think everyone who applied for the IDFC Infrastructure bonds is subscribed to the comments on that post, so I thought I’d create a post from the information shared by these folks.

Let’s take a look at some of the more important points from that thread:

1. Allotment took about 3 weeks: The bond issue closed on 22nd October, and people have only started seeing the bonds credited to their demat accounts, so the time from issue closure to the actually seeing the bonds has been around 3 weeks. This will form a good reference for other infrastructure bond issues in the future.

2. Not everyone has received the bonds yet: There seems to be some mechanism by which bonds are being gradually credited across applicants, and not everyone has received these bonds yet. If your account has not been credited yet, then there is no need for alarm, as people have only recently started seeing bonds credited, and it might still take a few days for it to appear for you.

3. NSDL sent an SMS about credit of IDFC Bonds: The depository – NDSL – had sent a SMS letting people know that the bonds have been credited. However, the bonds were not visible in the account immediately. So even if you received the SMS that doesn’t necessarily mean you will see the bonds in your demat account as well.

4. No one has received the physical certificate yet: The people who have reported getting the bonds have all applied through a broker, and have demat accounts, and none of them have received the physical certificate yet. So if you have applied without a demat account, then it might take longer still for you to get the physical certificate.

Don’t press the panic button if you haven’t received the bonds yet because you are not alone, and there are several others whose money has been debited, but the bonds haven’t been credited yet.  My guess is that you should start seeing them in your demat account in the next few days.

Future Infrastructure Bond Issues

Some of you have also expressed dismay at the fact that you missed this and the L&T issue, but were interested to buy the bond for tax saving and other purposes.

The good news for you is that IDFC as well as other issuers have said that they are going to come out with more such issues towards the end of the fiscal year because that is when most people are actively looking out for tax saving vehicles, and they are likely to do a lot better at that time than now.

Finally, some people have written in asking if it’s better to wait out for a higher rate of interest than investing in this offer.

I honestly don’t know what issuers are planning for the future, based on the lukewarm response, they might sweeten the deal, but I have no way of knowing for sure.

I’d say don’t lose perspective of the fact that the primary benefit of this is of tax saving. If you’re able to wait and get a bond which offers a percentage higher, and you invest the maximum Rs. 20,000 in it – that means an additional 200 bucks extra in a year; what is that worth to you? How many hours of Googling and speculating is it really worth?

This is a personal decision really, but something worth keeping in mind the next time you speculate on whether you should wait or go ahead with it. And once again – a big thank you to all of you fine guys who left comments and kept everyone informed!

120 thoughts on “IDFC Bonds allotment and future infrastructure bond issues”

  1. Kindly provide to me allotment date of IDFC Infra bond and which maturity date of this bond.
    also let me know the required document for maturity.

  2. i purchase for the Rs.20000.00 bond on 16/12/2011 name of jyoti s chauhan and yet today i will not get any interest

  3. my name is sant amol das myapplication no. is2518612 check no.208584 indated30/1/2011not recieved the tranchi 2 bond certificate pl send the cer onadress adsan t mp pollution conrol board madhav nagar katni

  4. i have not received idfc bond yet.
    name:rama gupta
    application no:4 1887267 ,type ofoption:trench 2 bonds
    no of bonds: 04, date:20/01/2011
    bank & branch: SBI, sadul ganj bikaner,
    cheque no:344

    1. Dr. Gupta, this is like a news website like Times of India, and I can’t give you the bonds. Please call up IDFC and resolve this with them.

  5. my application no 32317308 , purchased Tranche 3 Bonds 4×5000=20000 on 8 mar 2011, i have not received original bond as yet. could be due to my change of home address ,new address is House no 173/1 , shahiboug enclave , opposite ravi society , ahmedabad cantt 380003

  6. Sir, I have applied for the IDFC bonds, karvy informs as follows:
    that your application was successful
    in getting allotment of BONDS and the bond certificate dispatched on 21/02/2011
    complete particulars of the allotment / refund are furnished below

    Bonds Allotted
    c) Allotment Advice No/R L No. :01356

    Since same has not been returned undelivered by postal authorities.Kindly contact with you rnearest post office.Customer Care Karvy Computershare Pvt Ltd
    The post office says no such RL received. PL HELP ME . WHAT TO DO .IS THIS KARVY FOOLING THE PEOPLE OR WHAT ?

  7. Hi,

    I applied for IDFC bonds for Rs. 20000, and till date no news is there.

    Please let me know how to proceed as no refund of the amount given



    1. Rina – Please get in touch with the bank or brokerage that helped you get this. Before doing that I’d suggest checking your allotment status online first. Do you have the application number? It might just have happened that you got allotted but there isn’t any communication.


  9. Dear Manshu,

    your inputs are very helpful. Here I have a typical problem with IDFC bond certificate I have received through E- mail from Karvy, and dont know how to resolve this.

    Karvy has issued the certificate and allotment letter with my application no and to some other person’s name and address is mentioed on the certificate. I am not sure that’s a typo error or what?

    Please advice

  10. Hi,
    Anybody inform me when IDFC bond will alloted, i have applied for4 nos IDFC infrastructure bond on 24/01/2011.. its urgent.

  11. I have applied for4 nos IDFC infrastructure bond through my broker (Karvy Stock Broking Limited) on 18.10.2010 for Rs.20000/- against application no. 41350700 and the amount Rs. 20000/- has been debited from my account. When I enquired from the broker for the allotment and physical certificate,it was found that the demat account no shown in my applicatin was incorrect.Accordingly I sent my correct demat account no 21172178 alongwith a copy of demat account master list and a copy of application.Also I have sent all my correct informations through e-mail, but till date I have not received any information regarding correction, allotment,credit in my correct demat account,physical certificate and confirmation of the same.
    Please send through email:
    I urgently need the physical certificate /Proof for submission in the office against Tax exemption upto 10.02.2011.
    thanking you,
    yours faithfully
    Mob : 09450963066

  12. I had applied for four Bonds (4 nos.) , a sum of Rs.20,000/- (Rs.Twenty thousdand only) was debited from my a/c with HDFC bank Ltd. I want to know how many days will it take to issue bond?.& bond status.

  13. I had applied for four Bonds (4 nos.) in physical mode, a sum of Rs.20,000/- (Rs.Twenty thousdand only) was debited from my a/c with Axis bank Ltd. I want to know how many days will it take to issue bond?.i have applied on 24/01/11.

  14. I had applied for four Bonds (4 nos.), a sum of Rs.20,000/- (Rs.Twenty thousdand only) was debited from my a/c with Axis bank Ltd. which address they send? PAN address or whatever i have written in my form?

    1. They should come at the address mentioned in the application. PAN card number is generally taken only for verification purposes and to make sure that there is no money laundering.

  15. Dear Sir,
    I had applied for four Bonds (4 nos.) in demat form. On November 04,2010, a sum of Rs.20,000/- (Rs.Twenty thousdand only) was debited from my a/c with Axis bank Ltd. through the cheque no. 127745 of Axis Bank Ltd., Sikandara Bagh branch, Lucknow. The bonds were required to be sent to subsriber’s address- N-11(B), Sector -N, Aashiyana, Lucknow-226012. But sorry to inform that I have not received bonds in physical form so far even after lapse of 3 months. Please look into it and send on the same address if undelivered.

    1. People have got the bonds some time ago, so you should’ve too. Did you apply in physical form or through Demat? Do you have the application number with you?

  16. could you please arrange the comments in the descending order like new comments should come first and in the rest should follow.. It will help to see the new comments immediately once opened the web site.

    1. Ramanathan – thanks for your suggestion – the thing is that for most new people it is easier to browse through comments from top to down (older to newer), and that’s how most forum threads, and newspapers etc. are also kept.

      I will however look for an option where it gives the user an option to determine how they want to see the comments ordered. Thanks for your feedback.

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