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

August 21, 2019 - September 19, 2019

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 Aug 2019 Detail

Issue Open	August 21, 2019 - September 19, 2019
Security Name	Shriram City Union Finance Limited
Security Type	Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) and/or Unsecured Subordinated Non-Convertible Debentures (Unsecured NCDs)
Issue Size (Base)	Rs 100.00 Crores
Issue Size (Shelf)	Rs 900.00 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	Series I to Series VIII
Payment Frequency	Monthly/ Annual/ Cumulative
Basis of Allotment	First Come First Serve Basis

NCD Allocation Ratio

Category	NCD's Allocated
Category 1	10%
Category 2	10%
Category 3	40%
Category 4	40%

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

Terms and conditions in connection with Secured NCDsSeries	I	II	III	IV	V	VI	VII	VIII�
Frequency of Interest Payment	Annual	Cumulative	Annual	Monthly	Cumulative	Annual	Monthly	Cumulative
Minimum Application	Rs 10,000 (10 NCDs)	Rs 10,000 (10 NCDs)	Rs 10,000 (10 NCDs)	Rs 10,000 (10 NCDs)	Rs 10,000 (10 NCDs)	Rs 10,000 (10 NCDs)	Rs 10,000 (10 NCDs)	Rs 10,000 (10 NCDs)
In multiples of thereafter	Rs 1,000 (1 NCD)	Rs 1,000 (1 NCD)	Rs 1,000 (1 NCD)	Rs 1,000 (1 NCD)	Rs 1,000 (1 NCD)	Rs 1,000 (1 NCD)	Rs 1,000 (1 NCD)	Rs 1,000 (1 NCD)
Face Value of Secured NCDs (Rs / NCD)	Rs 1,000	Rs 1,000	Rs 1,000	Rs 1,000	Rs 1,000	Rs 1,000	Rs 1,000	Rs 1,000
Issue Price (Rs / NCD)	Rs 1,000	Rs 1,000	Rs 1,000	Rs 1,000	Rs 1,000	Rs 1,000	Rs 1,000	Rs 1,000
Tenor from Deemed Date of Allotment	24 months	24 months	36 months	36 months	36 months	60 months	60 months	60 months
Coupon Rate (% per annum)	9.55%	N.A.	9.70%	9.30%	N.A.	9.85%	9.45%	NA
Effective Yield (Per annum)	9.54%	9.55%	9.69%	9.70%	9.70%	9.84%	9.86%	9.85%
Mode of Interest Payment	Through various options available
Redemption Amount (Rs / NCD****	Rs 1,000	Rs 1,200.45	Rs 1,000	Rs 1,000	Rs 1,320.50	Rs 1,000	Rs 1,000	Rs 1,600.40
Maturity Date (From Deemed Date of Allotment)	24 months	24 months	36 months	36 months	36 months	60 months	60 months	60 months
Nature of indebtedness	Secured rated listed non-convertible debentures
Put and Call Options	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.

NCD Rating

CDs 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 Rs 30,000 million vide their letters dated December 11, 2018 (and revalidated on February 14, 2019 and further revalidated on March 20, 2019 and further revalidated on August 14, 2019) and December 6, 2018 (and revalidated on February 19, 2019 and further revalidated on March 19, 2019 and further revalidated on August 9, 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 Aug 2019 Prospectus

› Draft Prospectus
› Red Herring Prospectus

Shriram City NCD Aug 2019 Subscription Status

The Shriram City NCD Aug 2019 was subscribed 1.50 times on September 19, 2019 6:00:00 PM. The NCD subscribed .

Category ?	Subscription (times)
Category 4	1.96x
Category 3	0.28x
Category 2 (NII)	2.03x
Category 1 (QIB)	4.01x
Total	1.50x

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Shriram City NCD Aug 2019 Rating

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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
Email: sect@shriramcity.in
Website: https://www.shriramcity.in/

Shriram City NCD Aug 2019 Registrar

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

Phone: + 91 44 2814 0801 to 803
Email: scuf@integratedindia.in
Website: https://www.integratedindia.in/corporate-container.aspx?cpi

Shriram City NCD Aug 2019 Lead Manager(s)

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