[.]| Listing at BSE | Fri, Apr 5, 2019 - Fri, May 3, 2019
Shriram City Union Finance Ltd. NCD issue is a public issue of secured, redeemable, non-convertible debenture , issued under a Shelf Prospectus of ₹3,000.00 Cr with a base issue size of ₹750.00 Cr and an option to retain oversubscription up to ₹[.] Cr, aggregating to a tranch issue size of ₹[.] Cr. The NCDs are offered at a face value ₹1000 each and an issue price of ₹1000 per NCD.
Shriram City Union Finance Ltd. NCD issue opens on Apr 5, 2019 and closes on May 3, 2019. NCD are proposed to be listed on BSE.
The minimum lot size is 10 NCDs, requiring a minimum investment of ₹ 10,000 , while the market lot for trading is 1 NCD.
The issue offers interest rates ranging from per annum to per annum, depending on the series and tenure selected.
The NCD has been rated: .
A.K.Capital Services Ltd. is the Lead Manager to the issue, is the Debenture Trustee, and Integrated Registry Management Services Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the NCD Offer Document and Shelf Prospectus for detailed information on risk factors, financials, and the terms of the issue.
Open Date
Fri, Apr 5, 2019
Close Date
Fri, May 3, 2019
Issue Size (Overall)
[.]
| Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 | Series 7 | Series 8 | |
|---|---|---|---|---|---|---|---|---|
| Frequency of Interest Payment | Annually | Cumulative | Annually | Monthly | Cumulative | Annually | Monthly | Cumulative |
| Tenor | 24 months | 24 months | 36 months | 36 months | 36 months | 60 months | 60 months | 60 months |
| Coupon Rate (Retail) | 9.55% | NA | 9.65% | 9.26% | NA | 9.75% | 9.35% | NA |
| Amount on Maturity | Rs 1,000 | Rs 1,200.15 | Rs 1,000 | Rs 1,000 | Rs 1,318.70 | Rs 1,000 | Rs 1,000 | Rs 1,593.15 |
Shriram Capital Limited is the promoter of the company.
Incorporated in 1986, Chennai based Shriram City Union Finance (Shriram City) is a deposit-taking non-banking financial company (NBFC). The company is a part of the 'Shriram Group', leading financial service provider in India.
About Company Business
It has specialisation in retail finance where it finances Four Wheeler, Three Wheelers, Two Wheeler (old and new commercial and passenger vehicles) and provides Small Business Loans, Personal Loans, housing finance loans and, gold loan as well.
Shriram City Union Finance has a PAN India presence with 1,057 branches across the country and an enterprise resource planning ('ERP') platform connecting the outlets to head office. The company follows a 'hub-and-spoke' business model where all the control is vested to head office under general vigilance.
Listed Stock Exchanges
The company is listed on the Madras Stock Exchange (MSE), BSE and NSE with high credit ratings.
Recent Profit & Revenue Update
The company has generated standalone profit after tax in the last 6-months ending on 30th Sept 2018 is Rs 47,578.94 lakhs and revenue from operations is Rs 2,91,601 lakhs.
The strengths of the company are:
1. Good position in small enterprise finance segment
2. Strong presence due to Shriram Group brand name
3. Wide product range
4. 'Hub-and-spoke' business model
5. Advanced technology system
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
2. General Corporate Purposes
[Dilip Davda] Considering rating, and standing of this group in the southern region, issue is worth considering. Investors may consider investment for long term for steady income. (Subscribe).
Shriram City Union Finance Ltd.
Shriram City Union Finance Ltd,
123, Angappa Naicken Street,
Chennai- 600 001, Tamil Nadu
Chennai, Tamil Nadu, 600001
Integrated Registry Management Services Pvt.Ltd.
NSE and BSE offer NSEgoBid and BSEDirect apps/websites through which retail investors can apply for NCDs up to Rs 5 lakhs. Not all brokers and banks provide the facility to apply for NCD online.
To apply for an NCD online, the investor should fill in the NCD bid details online and provide the details of the DP and bank accounts (ASBA/UPI) as requested. In the case of a UPI application, the investor needs to approve the UPI mandate to complete the application process.
Steps to invest in NCD IPO through GoldenPi
Retail investors can apply for an IPO online if the investment amount is less than or up to 10 lakhs.
Steps to apply for NCD IPO with Indiabonds:
You can buy or invest in NCD IPOs through the following intermediaries:
The investor can apply for the NCD IPO online through NCD intermediaries such as a registered stockbroker, provided the broker offers an online application for the NCD IPO. Not many brokers allow you to invest in an NCD IPO online. Currently, very few brokers, such as Nuvama Wealth, Angel One, and SBI Securities, offer the facility to apply for NCD IPOs electronically. You should check with your broker or intermediary to see if the online application facility for the NCD IPO is available through them.
Refer to the detailed guidelines on NSEgoBID and BSEDirect for information on the registration process and how to apply for NCDs through the exchange.
Important links :
Read more about NCD Application Process.
The minimum amount required for NCD investment is Rs. 10,000.
Generally, the minimum lot size of NCD is 10, and the face value is 1,000.
NCD allotment can be checked on the BSE website or with the Registrar once the allotment has been made.
Steps to check the NCD allotment status at the BSE:
Alternatively, the applicant can also check the allotment status on the respective website of the Registrar for the issue. The applicant will need their PAN details or the applicant's Aadhaar number to check the status.
Generally, all applicants receive full allotment due to the retention of the oversubscription option.
Read more information on NCD Subscription and NCD Allotment Process.
No, you cannot withdraw or redeem Shriram City Union Finance Ltd. NCDs before maturity directly from the company. However, there are a couple of options available if you want to exit early:
If the NCDs are listed on stock exchanges (like BSE/NSE), you can:
Only possible if a "call option" exists.
Read more about NCD Subscription and Allotment Process
Bid Cancellation and Withdrawal Policy for NCD Applicants
Note:
The specific process and conditions for post-closure cancellation vary by issuer. Applicants should refer to the Offer Document for issuer-specific guidelines.
