The National Stock Exchange (NSE) on February 09, 2024, issued a circular regarding the Sovereign Gold Bond 2023-24-Issuance and Subscription - Series IV with continuation and partial modification to Exchange circular ref. no. NSE/IPO/59788 dated December 15, 2023, regarding Sovereign Gold Bond 2023-24-Issuance and Subscription-Series III.
The facility for issuance and subscription of SGB 2023-24-Series IV shall be available from February 12, 2024. The parameters for the same are given in the table.
The members are requested to note the following: -
1. As per RBI Notification No 2023-2024/1456 dated December 08, 2023, the Investor can apply in online off-line (other) mode. The issue price of the Gold Bonds will be 50 per gram less than the nominal value to those investors applying online and the payment against the application is made through digital mode.
2. For the subscription period from February 12, 2024, to February 16, 2024, with settlement on February 21, 2024, the nominal value of the bond shall be Rs. 6263/- Rupees (Six thousand two hundred sixty-three only) per gram. The issue price of the Gold Bonds will be Rs. 50 per gram less for those who subscribe online and pay through digital mode. The fund's obligation will be generated on the respective issue price and accordingly, the funds shall be collected.
3. The Bonds will be restricted for sale to resident individuals, HUFs, Trusts, Universities and Charitable Institutions.
4. Applications in Demat and Physical mode shall be accepted. However, for physical mode, application form is mandatory and therefore it will be treated as offline mode.
5. In case of bulk file upload facility, based on the price input provided by the members the on-line or off-line (other) mode of application shall be considered. Members are requested to please refer to Exchange circular ref. no. NSE/IPO/59133 dated October 30, 2023, for the latest bulk upload file format.
It is requested that all the members refer to the Annexures attached to the document below.
[Circular no. 01/2024]
