Shriram Transport Finance Company Ltd NCD (Shriram Transport Finance NCD Jan 2020) Detail

Jan 6, 2020 - Jan 22, 2020

Incorporated in 1979, Shriram Transport Finance Company Ltd is a leading asset financing non-banking finance companies. The company caters to first-time buyers ("FTB") and small road transport operators ("SRTOs") in the organized sector in India. It provides financing for pre-owned commercial vehicles. In addition, it also provides finance for new commercial vehicles to commercial vehicle operators, thereby providing complete financing solutions to the road logistics industry in India.

The company is a part of the Shriram group of companies, which has a strong presence in financial services in India.

The company has a widespread network of branches across India. It has 1,545 branches across the country, including in most of the major commercial vehicle hubs. It is also building a strong presence in 838 rural centres with a view to increasing the market share in the pre-owned commercial vehicle market.

Shriram Transport has 26,630 employees on its payroll.

Shriram Transport Finance NCD Jan 2020 Detail

Issue OpenJan 6, 2020 - Jan 22, 2020
Security NameShriram Transport Finance Company Ltd
Security TypeSecured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Issue Size (Base)Rs 200.00 Crores
Issue Size (Shelf)Rs 10,000.00 Crores
Issue PriceRs 1000 per NCD
Face ValueRs 1000 each NCD
Minimum Lot size10 NCD
Market Lot1 NCD
Listing AtBSE, NSE
Credit RatingCARE AA+ /Stable, IND AA+ /Stable, CARE AA+ /Stable
TenorAnnual, Cumulative, and Monthly
Series

Series I to Series VIII

Payment Frequency3 Years/5 Years/7 Years
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)200,000
Category 2 (NII)200,000
Category 3 (HNI)800,000
Category 4 (RII)800,000
Total NCD's2,000,000

Coupon Rates

Coupon rates for series 1 to 8

  Series 1 Series 2 Series 3 Series 4 Series 5 Series 6 Series 7 Series 8
Frequency of Interest Payment Monthly Monthly Monthly Annually Annually Annually Cumulative Cumulative
Tenor 3 Years 5 Years 7 Years 3 Years 5 Years 7 Years 3 Years 5 Years
Coupon Rate 8.52% 8.66% 8.75% 8.85% 9.00% 9.10% NA NA
Amount on Maturity Rs 1,000 Rs 1,000 Rs 1,000 Rs 1,000 Rs 1,000 Rs 1,000 Rs 1,289.99 Rs 1,539.35

NCD Rating Detail

The NCDs proposed to be issued under this Issue have been rated 'CARE AA+; Stable' by CARE Ratings Limited ("CARE") for an amount of up to ₹ 10,00,000 lacs vide its letter dated June 28, 2019, and revalidated by its letter dated December 18, 2019, 'CRISIL AA+/Stable' by CRISIL Limited ("CRISIL") for an amount of up to ₹ 10,00,000 lacs vide its letter dated June 26, 2019, and revalidated by its letter dated December 12, 2019, and 'IND AA+; Outlook Stable' by India Ratings and Research Private Limited ("India Ratings") for an amount of up to ₹ 10,00,000 lacs vide its letter dated June 25, 2019, and revalidated by its letter dated December 11, 2019. The rating of the NCDs by CARE, CRISIL and India Ratings 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.

Company Promoters

The Promoter of the company is Shriram Capital Limited.

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.

Shriram Transport Finance NCD Jan 2020 Prospectus

Shriram Transport Finance NCD Jan 2020 Rating

23
4.2
Rating:Rated 4.2 stars

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Shriram Transport Finance NCD Jan 2020 Reviews

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
Email: stfcncd8comp@stfc.in
Website: http://www.stfc.in

Shriram Transport Finance NCD Jan 2020 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: stfc.ncd2019@smccapitals.com
Website: http://www.integratedindia.in/

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5 Comments

Sanolu
5. Sanolu  Jan 6, 2020 15:20 I Like It. | I Don't Like It. | Report Abuse Reply
Why cannot I see this IPO in zerodha - How are you all applying for this awesome IPO
LearningIPO
5.1. LearningIPO  Jan 16, 2020 14:04 I Like It. 1 | I Don't Like It. | Report Abuse
If you have account with Nationalised Bank like SBI, Axis, ICICI etc.. you can directly apply from there.
DONOT contact any broker or any other person like mentioned above.
Sanolu
4. Sanolu  Jan 6, 2020 15:20 I Like It. 2 | I Don't Like It. | Report Abuse Reply
Why I cannot see this in Zerodha IPO and why
Regulagedda Ambica Prasad
3. Regulagedda Ambica Prasad  Jan 2, 2020 11:53 I Like It. | I Don't Like It. | Report Abuse Reply
Applying based on track record
retailinvestor
2. retailinvestor  Dec 31, 2019 15:20 I Like It. 1 | I Don't Like It. | Report Abuse Reply
Shri Ram Transport NCDs can be bought from secondary market with YTM of 10%. Is it advisable to buy from Public Issue or from Secondary Market? Any opinion.
LearningIPO
1. LearningIPO  Dec 28, 2019 17:28 I Like It. | I Don't Like It. | Report Abuse Reply
Interest rates are close to L&T Finance NCD, which is AAA rated!
Better to avoid!








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