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Shriram City Union Finance Limited NCD (Shriram City NCD April 2019) Detail

April 5, 2019 - May 3, 2019
Shriram City Union Finance Limited Logo

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

Shriram City NCD April 2019 Detail

Issue Open April 5, 2019 - May 3, 2019
Security Name Shriram City Union Finance Limited
Security Type Secured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Issue Size (Base) Rs 750.00 Crores
Issue Size (Shelf) Rs 3,000.00 Crores
Issue Price Rs 1000 per NCD
Face Value Rs 1000 each NCD
Minimum Lot size 10 NCD
Market Lot 1 NCD
Listing At BSE
Credit Rating CARE AA+/Stable, CRISIL AA/Stable
Tenor 24 months/ 36 months/ 60 months

Series 1 to Series 8

Payment Frequency Monthly, Annual and Cumulative
Basis of Allotment First Come First Serve Basis

NCD Allocation Ratio

Category ? NCD's Allocated
Category 1 0%
Category 2 0%
Category 3 0%

NCD's Offered by Category

Category ? NCD's Reserved
Category 1 100,000
Category 2 100,000
Category 3 400,000
Category 4 400,000
Total NCD's 1,000,000

Coupon Rates for Eash Series

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

NCD Rating

The NCDs proposed to be issued under the Issue have been rated 'CARE AA+ Stable' (Double A Plus; Outlook: Stable) by CARE and 'CRISIL AA/Stable' (pronounced as CRISIL double A rating with Stable outlook) by CRISIL for an amount of upto 30,000 million vide their letters dated December 11, 2018 (and revalidated on February 14, 2019) and December 6, 2018 (and revalidated on February 19, 2019) respectively. The rating of the NCDs by CARE and CRISIL are considered to have a high degree of safety regarding timely servicing of financial obligations. Such instruments carry very low credit risk.

Company Promoters

Shriram Capital Limited is the promoter of the company.

Objects of the Issue

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

Shriram City NCD April 2019 Prospectus

Shriram City NCD April 2019 Subscription Status

The Shriram City NCD April 2019 was subscribed 6.96 times on April 23, 2019 1:00:00 PM. The NCD subscribed .

Category ?Subscription (times)
Category 47.54x
Category 39.68x
Category 2 (NII)0.70x
Category 1 (QIB)0.01x

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Shriram City NCD April 2019 Rating

Rating:Rated 3.1 stars
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Shriram City NCD April 2019 Reviews

Company Contact Information

Shriram City Union Finance Limited
Shriram City Union Finance Ltd,
123, Angappa Naicken Street,
Chennai- 600 001, Tamil Nadu

Phone: + 91 44 4392 5300

Shriram City NCD April 2019 Registrar

Integrated Registry Management Services Private Limited
   2nd Floor, Kences Towers,
   No.1 Ramakrishna street, North Usman Road,TNagar,
   Chennai - 600017

Phone: 044 - 28140801 to 28140803

Shriram City NCD April 2019 Lead Manager(s)


2. Jaspreet Singh Oberoi     Link|April 30, 2019 12:52:19 PM
Money deducted from bank a/c.
2.1. deb     Link|April 30, 2019 8:09:25 PM
same here ..amount deducted..
1. Jaspreet Singh Oberoi     Link|April 26, 2019 12:16:10 PM
Issue closed on 22nd April
1.1. MayurM     Link|April 30, 2019 1:18:04 PM
yes it was fully subscribed

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