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Shriram Transport Finance Company Ltd NCD (Shriram Transport Finance stfc NCD June 2018) Detail

Jun 27, 2018 - Jul 20, 2018

Incorporated in 1979, Chennai based Shriram Transport Finance Company Ltd is one of the largest asset financing non-banking finance companies in the organized sector in India that cater to first-time buyers ("FTB") and small road transport operators ("SRTOs") for financing pre-owned commercial vehicles. In addition, we provide commercial vehicle finance for new commercial vehicles. The company is among the leading NBFCs in the organized sector for the commercial vehicle industry in India for FTBs and SRTOs. It also provides financing for passenger commercial vehicles, multi-utility vehicles, three-wheelers, and tractors as well as ancillary equipment and vehicle parts finance, such as loans for tyres and engine replacements, and provide the working capital facility for FTBs and SRTOs. It also offers financial services to commercial vehicle operators, thereby providing comprehensive financing solutions to the road logistics industry in India.

The company has a long track record of over three decades in the commercial vehicle financing industry in India. It is
a part of the Shriram group of companies, which has a strong presence in financial services in India, including
commercial vehicle financing, consumer finance, life and general insurance, stock broking, chit funds and
distribution of financial products, such as life and general insurance products and mutual fund products.

The company's widespread network of branches across India has been a key driver of its growth over the years. As of March 31, 2018, it had 1,213 branches across India, including most of the major commercial vehicle hubs along various road transportation routes in India. It has also established its presence in 862 rural centers as of March 31,
2018, with a view towards increasing the market share in the pre-owned commercial vehicle market and reaching
out to a relatively newer customer segment in rural areas.

As of March 31, 2018, the total number of employees on the company's payroll was 23,819.

Shriram Transport Finance - 8th NCD offer review

Company Promoters:

The Promoter of the company is Shriram Capital Limited ("SCL"). SCL holds 5,91,73,023 Equity Shares in the Company
aggregating 26.08% of the paid-up capital.

Objects of the Issue:

The Objects Of The Issue are-

1. For the purpose of onward lending, financing, and for repayment/ prepayment of interest and principal of
existing borrowings of the Company; and
2. General corporate purposes.

Issue Detail:

  »»  Issue Open: Jun 27, 2018 - Jul 20, 2018
  »»  Issue Type: Fixed Price Issue NCD
  »»  Issue Size: NCD's of Rs. 1000
  »»  Issue Size: Rs. 5,000.00 Crore
  »»  Face Value: Rs. 1000 Per NCD
  »»  Issue Price: Rs. 1000 Per NCD
  »»  Market Lot: 10 NCD
  »»  Minimum Order Quantity: 10 NCD
  »»  Listing At: BSE, NSE


These NCD issue is graded 'CRISIL AA+/Stable' by CRISIL for an amount of up to ₹ 5,00,000 lakhs vide its letter dated June 8, 2018, and 'IND AA+: Outlook Stable' by India Ratings and Research for an amount of up to ₹ 5,00,000 lakhs vide its letter dated June 8, 2018. The rating of the NCDs by CRISIL and India Ratings and Research indicate that instruments with this rating are considered to have a high degree of safety regarding timely servicing of financial obligations and carry very low credit risk.


The company offers coupon rates up to 9.4% depending on the tenures- 03 years, 05 years and 10 years. The mode of interest payments which is either Monthly, Annually or cumulative as per the choice of investors.

Company Contact Information

Shriram Transport Finance Company Ltd
Mookambika Complex, 3rd Floor,
No. 4, Lady Desika Road,
Mylapore, Chennai, Tamil Nadu- 600004
Phone: +91 44 2499 0356
Fax: +91 44 2499 0356

Shriram Transport Finance stfc NCD June 2018 Rating

Rating:Rated 3.9 stars

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Shriram Transport Finance stfc NCD June 2018 Registrar

Integrated Registry Management Services Private Limited
   2 nd Floor, "Kences Towers",
   Ramakrishna Street, North Usman Road,
   T. Nagar, Chennai - 600 017

Phone: + 91 44 2814 0801 to 803
Fax: :+91 44 28142479

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Shriram Transport Finance stfc NCD June 2018 Comments

20. Dev d  Jul 16, 2018 9:50:21 AM Reply
When NCD will list....?
20.1. A H T  Jul 16, 2018 12:27:25 PM
20.2. A H T  Jul 16, 2018 8:48:11 PM
936228 936230 936232 936234 936236 936238 936240 BSE
19. satinder  Jul 15, 2018 12:31:15 PM Reply
Thanks ankur ji
You are absolutely right
18. Carn Mohan  Jul 14, 2018 9:37:38 AM Reply
10 lakhs full allotted .
17. A H T  Jul 13, 2018 9:56:06 PM Reply
2 appl. 1 Credited in CDSL
1 Pending in NSDL full allotment
16. HARIOM TAT SAT  Jul 8, 2018 1:24:58 PM Reply
All retail investors to get allotment
16.1. satinder  Jul 10, 2018 9:52:55 PM
What is the listing price?
16.2. AnkurGoel  Jul 13, 2018 8:14:15 PM
@satinder, this is debt instrument. Do not invest in debt for listing gain.
15. Rohitjan  Jul 13, 2018 1:23:06 PM Reply
Full amount debited from A/c against ASBA application just now.... simply means Full Allotment to all applicants
14. ashoke mukhopadhyay  Jul 12, 2018 8:45:32 AM Reply
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.
13. Dev d  Jul 11, 2018 11:08:30 AM Reply
Still not credited in demat a/c....... why...... that much late......?
12. Jaspreet Singh Oberoi  Jul 11, 2018 5:26:58 PM Reply
Got a reply on email saying allotment would be done by weekend
11. ashoke mukhopadhyay  Jul 11, 2018 9:46:33 AM Reply
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.
10. ranviraaj  Jul 10, 2018 10:51:31 PM Reply
9. satinder  Jul 10, 2018 10:26:01 PM Reply
What is the listing price?
8. HARIOM TAT SAT  Jul 8, 2018 8:00:13 AM Reply
Issue preclosed on 3rd July allotment by 10th july
7. sangargms  Jun 28, 2018 6:35:20 PM Reply
Hi. I have SBI demat account. Please tell me how can I apply for this. I have not invested in NCDs before. Thanks.
7.1. AnkurGoel  Jun 29, 2018 10:59:52 AM
Login into SBI internet banking. Go to Asba service and choose IPO debt. There you can apply this NCD.
7.2. Navkant  Jul 3, 2018 5:19:09 AM
Is the allotment FCFS?
6. ashoke mukhopadhyay  Jul 1, 2018 5:54:35 PM Reply
Stfcl -8 ncd is fully subscibed or not
6.1. amit ghosh  Jul 1, 2018 8:29:10 PM
U can check it in NSE website.
6.2. amit ghosh  Jul 2, 2018 11:01:13 PM
There is box named 'product offering'.
In that box , click in Ipo , there u will see the details...
6.3. amit ghosh  Jul 2, 2018 11:04:59 PM
Btw, till today the issue subscribed by 3.5 time on it's base ,which is 1000 cr ....
5. shashi semwal  Jul 4, 2018 11:57:13 AM Reply
Shriram Transport Finance Company Ltd NCD 2018 has been closed 03 july 2018
4. ashoke mukhopadhyay  Jul 3, 2018 8:44:12 PM Reply
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 .
3. ashoke mukhopadhyay  Jun 29, 2018 5:44:28 PM Reply
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.
3.1. SHAILESH PAPRIWAL  Jul 1, 2018 12:30:50 PM
3.2. SHAILESH PAPRIWAL  Jul 1, 2018 12:41:37 PM
2. hassal  Jun 28, 2018 3:50:16 PM Reply
Do we get interest on FACE VALUE?
If yes, then if I am alloted 10 bonds and frequency is one month,then,
for one month I get rs 900(10,000*9%) as interest and for one year 10,800 (900*12) as one year interest.
Am I right?
And are these bonds secured and can we sell then after listing?
2.1. A H T  Jun 28, 2018 5:03:08 PM
Rs.900 for year 900/12 for 1month = 75
2.2. A H T  Jun 28, 2018 5:09:33 PM
75 for 10000 per month
1. hassal  Jun 27, 2018 6:09:32 PM Reply
Are these safe?
Is it safe to invest in NCD's (Shriram Transport Finance Company Ltd)?
Please experts comment.
21.1. AnkurGoel  Jun 27, 2018 11:15:36 PM
Ncd comes as secured & unsecured. There is risk to default on interest And principal payment. In case of default, there is long procedure to get the principal back.
Company will go to nclt. Nclt appoints resolution professional who will access company health and try to solve all outstanding by selling the assets.
21.2. Navkant  Jun 28, 2018 1:54:50 PM
How to check if its still open or closed already?
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