Dear avijit, Dhfl ncd is much larger than stfc & dhfl register took 8days from date of ncd closure. Stfc ncd allotment is delaying due to their register.
Shiram transport finance ncd8 clossed on 03.07.2018 but bank lien against such ncd is still in investor a/c. The register for this ncd is still not finalised the allotment . I think stfc will take maxm .permitted period of 12 days after close the ncd i,e 15.07.2018 wait upto that maxm period.
Stfc ncd-8 is clossed today.Allotment ncd will finalised& credit to demat a/c by 20.07.2018. This ncd is clossed& removed from bank absa on the same day but we found in jmfinancial may2018 ncd absa was open after full subscription of ncd & fund refund fully after allotment of ncd without any interest of fund .
WE DON't get update of subscription of stfc like dhfl/jmfinance. We understand out of rs 5000 crore ncd . rs2500cr has already subscribed & in retail rs 900cr subscribed out of rs 2000 cr retail portion.
Dhfl has not paid karvy for their allotment poral since you don't find such in karvy website & since reail portion is not subscibed to the extent of its limit & all subscriber got the credit in their dmat a/c & in physical mode you got the ncd certificate by post.
ncd is fully subscribed on 28.05.2016& schedule to list within 9.06.2018( 12days after fully subscribed ) i,e 09.06.2018 Accordingly the money will kept in bank lien to the end of permissible listing time . jmfinancial ncd should avoid in future.