16 October 2013
Funding your business idea :: Business Line
Having customers endorse your product increases the odds of getting funded.
Say, you have a business idea and you believe it has great potential. But like yours, there are hundreds of ideas chasing funds.
“Success rate is low and currently only one in ten companies gets funded,” said Raju Venkataraman, Chairman of TiE, Chennai 2013, an entrepreneur network. So, how do you beat the odds and take your business idea to the next stage?
GAIN CLARITY
Successful entrepreneurs advise you to do a lot of preliminary work before approaching an investor.
Usually, you may see a problem and come up with a solution. However, you need to work on refining the problem and solutions.
“It takes two years to learn the business and learn from the mistakes made,” said Baskar Ethirajan, co-founder Indianstage.in, an online ticketing service for live shows. He advises that clarity on what is unique about their solution, on the target market and the revenue model is a must, before approaching an investor.
Also, you must talk with people who will help validate your ideas and strategies. Founders advise that a start-up also needs a good team, to add to the credibility.
The founder must be able to understand all aspect of the business - from selling to managing the finances of the company.
When you feel external advice and funds are needed to help propel your idea further, there are early or seed stage investors you can approach.
IIFCLTax Free Bond FY 13-14 - Subscription Figures with Green Shoe Option- Updated as on 15th Oct 2013 at 3.00 pm
IIFCLTax Free Bond FY 13-14 - Subscription Figures with Green Shoe Option
| |||||
Sr. No
|
Category
|
Issue Size
(Rs. In Crs) |
No of times subscribed
|
Total Amt Bided
(Rs. In Crs) |
Unsubscribed Amt
(Rs. In Crs) |
1
| Category I (QIB) |
375.00
|
0.05
|
20.00
| 355.00 |
2
| Category II (Corporate) |
500.00
|
0.26
|
130.70
| 369.30 |
3
| Category III (HNI) |
625.00
|
0.42
|
264.53
| 360.47 |
4
| Category IV (Retail) |
1,000.00
|
0.39
|
394.63
| 605.37 |
| Total |
2,500.00
|
0.32
|
809.87
| 1,690.13 | |
Updated as on 15th Oct 2013 at 3.00 pm
| |||||
PFC Tax Free Bond FY 13-14 - Subscription Figures with Green Shoe Option - Updated as on 15th Oct 2013 at 3.00 pm
PFC Tax Free Bond FY 13-14 - Subscription Figures with Green Shoe Option
| |||||
Sr. No
|
Category
|
Issue Size
(Rs. In Crs) |
No of times subscribed
|
Total Amt Bided
(Rs. In Crs) |
Unsubscribed Amt
(Rs. In Crs) |
1
| Category I (QIB) |
581.38
|
0.55
|
320.00
| 261.38 |
2
| Category II (Corporate) |
775.18
|
1.57
|
1,213.86
| (438.68) |
3
| Category III (HNI) |
968.97
|
0.70
|
678.70
| 290.27 |
4
| Category IV (Retail) |
1,550.36
|
0.18
|
281.45
| 1,268.91 |
| Total |
3,875.89
|
0.64
|
2,494.01
| 1,381.88 | |
Updated as on 15th Oct 2013 at 3.00 pm
| |||||
NHPC Tax Free Secured Redeemable Non-Convertible Bonds
Public Issue of Tax Free Secured Redeemable Non-Convertible Bonds to be issued by “NHPC Limited”(NHPC).
Issue is opening on Friday, 18th October 2013 and closes on Monday, 11th November 2013^.
^The Issue may close on such earlier date or extended date as may be decided by the company.
NHPC Ltd
NHPC Limited (NHPC) is a Mini Ratna Category-I hydroelectric power generating company dedicated to the planning, development and implementation of an integrated and efficient network of hydroelectric power projects in India.Salient features of the BOND Issue – Tranche - I
The Bonds are issued in the form of tax-free, secured, redeemable, non-convertible bonds and the interest on the Bonds will not form part of the total income as per provisions u/s. 10 (15) (iv) (h) of I.T. Act, 1961.
l Credit rating agency ICRA has rated the Bonds under this offer as “ICRA AAA” and IRRPL has rated the Bonds as “IND AAA” and CARE has rated the Bonds as “CARE AAA”.Instruments with this rating are considered to have the highest degree of safety regarding timely servicing of financial obligations. Such instruments carry very low credit risk.
l The Bonds bear an attractive coupon rate; 8.18% p.a. for 10 Years, 8.54% for 15 Years and 8.67% for 20 Years for Category I, II, III applicants and
l For Category IV applicants (RII) coupon rate; 8.43% p.a. for 10 Years, 8.79% for 15 Years and 8.92% for 20 Years.
l The Bonds issued by the Company will be secured by pari passu first charge on specific assets of the Company with an asset cover of one time of the total outstanding amount of Bonds. The Company reserves the right to create first pari passu charge on the said specific project assets for its present and future financial requirements or otherwise, without requiring the consent of, or intimation to, the Bondholders or the Bond Trustee in this connection, provided that a minimum security cover of 1 (one) times is maintained. The Company shall create DRR of 25% of the value of Bonds issued & allotted for the redemption of the Bonds.
l The Company shall pay interest on application money on the amount allotted to the applicants other than ASBA Applicants, Same as the Coupon Rate and Interest on application money which is liable to be refunded to applicants at the rate of 5.00%p.a.,subject to deduction of income tax under the provisions of the Income Tax Act, 1961, as amended.
l Allotments of Bonds in this Issue will be on a first come-first serve basis, on the basis of the date of upload of Applications on the online platform of the Stock Exchange,
l Allotment of Bonds can be in both dematerialised and physical form.
l The bonds will be listed on BSE and NSE.
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