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Shriram Transport Finance Company Ltd NCD (Shriram Transport Finance NCD July 2019) Detail

Jul 17, 2019 - Aug 16, 2019
Shriram Transport Finance Company Ltd Logo

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 1,213 branches across the country, including in most of the major commercial vehicle hubs. It is also building a strong presence in 862 rural centres with a view to increasing the market share in the pre-owned commercial vehicle market.

Shriram Transport has 23,819 employees on its payroll.

Shriram Transport Finance NCD July 2019 Detail

Issue Open Jul 17, 2019 - Aug 16, 2019
Security Name Shriram Transport Finance Company Ltd
Security Type Secured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Issue Size (Base) Rs 300.00 Crores
Issue Size (Shelf) Rs 10,000.00 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, NSE
Credit Rating CARE AA+/Stable, CRISIL AA+/Stable
Tenor Annual, Cumulative, and Monthly
Series

Series I to Series X

Payment Frequency 30 months/42 months/60 months/84 months
Basis of Allotment First Come First Serve Basis

NCD Allocation Ratio

Category ? NCD's Allocated
Category 1 0%
Category 2 0%
Category 3 0%
Category 4 0%

NCD's Offered by Category

Category ? NCD's Reserved
Category 1 300,000
Category 2 300,000
Category 3 1,200,000
Category 4 1,200,000
Total NCD's 3,000,000

Series I to Series VIII

Coupon rates for series 1 to 10

  Series 1 Series 2 Series 3 Series 4 Series 5 Series 6 Series 7 Series 8 Series 9 Series 10
Frequency of Interest Payment Monthly Monthly Monthly Annually Annually Annually Annually Cumulative Cumulative Cumulative
Tenor 42 months 60 months 84 months 30 months 42 months 60 months 84 months 42 months 60 months 84 months
Coupon Rate 9.12% 9.22% 9.31% 9.30% 9.50% 9.60% 9.70% NA NA NA
Amount on Maturity Rs 1,000 Rs 1,000 Rs 1,000 Rs 1,000 Rs 1,000 Rs 1,000 Rs 1,000 1,374.75 1,582.25 1,912.80

NCD Rating

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 Rs. 10,00,000 lacs vide its letter dated June
28, 2019, 'CRISIL AA+/Stable' by CRISIL Limited ("CRISIL") for an amount of up to Rs. 10,00,000 lacs vide its letter dated June 26, 2019 and 'IND AA+; Outlook Stable' by India Ratings
and Research Private Limited ("India Ratings") for an amount of up to Rs. 10,00,000 lacs vide its letter dated June 25, 2019. The rating of the NCDs by CARE, CRISIL and India Ratings
indicate that instruments with this rating are considered to have 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 July 2019 Prospectus

Shriram Transport Finance NCD July 2019 Subscription Status

The Shriram Transport Finance NCD July 2019 was subscribed 1.26 times on Aug 16, 2019 5:00:00 PM. The NCD subscribed .

Category ?Subscription (times)
Category 42.78x
Category 30.32x
Category 2 (NII)0.21x
Category 1 (QIB)0.01x
Total1.26x

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Shriram Transport Finance NCD July 2019 Rating

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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 July 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: stfcipo@integratedindia.in
Website: http://www.integratedindia.in/

Shriram Transport Finance NCD July 2019 Lead Manager(s)


2 Comments

2. Jaspreet Singh Oberoi     Link|Aug 22, 2019 12:23:43 PM
Allotment done. Money debited from Bank account
1. ramsita     Link|Jul 18, 2019 12:04:36 AM
Jab ye company 9.30% interest dete h, phir log Bank fd ku karwate h 7% me.
Any reason behind this????
1.1. Nimesh Ariwala     Link|Jul 18, 2019 10:15:06 AM
ncd Risky he
1.2. Jaspreet Singh Oberoi     Link|Jul 18, 2019 10:54:42 AM
Risky with the worse case scenario of you losing your principal. Look at what happened with DHFL. It has defaulted on payment of interest to NCD but was finally able to make the interest payment. In banks, amount till 1 lac is insured.