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

Aug 21, 2019 - Sep 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 OpenAug 21, 2019 - Sep 19, 2019
Security NameShriram City Union Finance Limited
Security TypeSecured, 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 PriceRs 1000 per NCD
Face ValueRs 1000 each NCD
Minimum Lot size10 NCD
Market Lot1 NCD
Listing AtBSE
Credit RatingCARE AA+/Stable, CRISIL AA/Stable
Tenor24 months/ 36 months/ 60 months
Series

Series I to Series VIII

Payment FrequencyMonthly/ Annual/ Cumulative
Basis of AllotmentFirst Come First Serve Basis

NCD Allocation Ratio

NCD's allocated in each investor category:

Category ?NCD's Allocated
Category 1 (QIB)10%
Category 2 (NII)10%
Category 3 (HNI)40%
Category 4 (RII)40%

NCD's Offered

NCD's offered in each investor category:

Category ?NCD's Reserved
Category 1 (QIB)100,000
Category 2 (NII)100,000
Category 3 (HNI)400,000
Category 4 (RII)400,000
Total NCD's1,000,000

Coupon Rates

Terms and conditions in connection with Secured NCDs****Series

I

II

III

IV

V

VI

VII

VIII 

Frequency of Interest Payment

Annual

Cumulative

Annual

Monthly

Cumulative

Annual

Monthly

Cumulative

Minimum Application

₹10,000 (10 NCDs)

₹10,000 (10 NCDs)

₹10,000 (10 NCDs)

₹10,000 (10 NCDs)

₹10,000 (10 NCDs)

₹10,000 (10 NCDs)

₹10,000 (10 NCDs)

₹10,000 (10 NCDs)

In multiples of thereafter

₹1,000 (1 NCD)

₹1,000 (1 NCD)

₹1,000 (1 NCD)

₹1,000 (1 NCD)

₹1,000 (1 NCD)

₹1,000 (1 NCD)

₹1,000 (1 NCD)

₹1,000 (1 NCD)

Face Value of Secured NCDs (₹/ NCD)

₹1,000

₹1,000

₹1,000

₹1,000

₹1,000

₹1,000

₹1,000

₹1,000

Issue Price (₹/ NCD)

₹1,000

₹1,000

₹1,000

₹1,000

₹1,000

₹1,000

₹1,000

₹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 (₹/ NCD****

₹1,000

₹1,200.45

₹1,000

₹1,000

₹1,320.50

₹1,000

₹1,000

₹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 Detail

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 ₹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

Shriram City NCD Aug 2019 Rating

11
4.2
Rating:Rated 4.2 stars

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Shriram City NCD Aug 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
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: http://www.integratedindia.in/

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