Incorporated in 1979, Chennai based Shriram Transport Finance Company Ltd is one of the largest asset financing non-banking finance companies in the organized sector in India that cater to first-time buyers ("FTB") and small road transport operators ("SRTOs") for financing pre-owned commercial vehicles. In addition, we provide commercial vehicle finance for new commercial vehicles. The company is among the leading NBFCs in the organized sector for the commercial vehicle industry in India for FTBs and SRTOs. It also provides financing for passenger commercial vehicles, multi-utility vehicles, three-wheelers, and tractors as well as ancillary equipment and vehicle parts finance, such as loans for tyres and engine replacements, and provide the working capital facility for FTBs and SRTOs. It also offers financial services to commercial vehicle operators, thereby providing comprehensive financing solutions to the road logistics industry in India.
The company has a long track record of over three decades in the commercial vehicle financing industry in India. It is
a part of the Shriram group of companies, which has a strong presence in financial services in India, including
commercial vehicle financing, consumer finance, life and general insurance, stock broking, chit funds and
distribution of financial products, such as life and general insurance products and mutual fund products.
The company's widespread network of branches across India has been a key driver of its growth over the years. As of March 31, 2018, it had 1,213 branches across India, including most of the major commercial vehicle hubs along various road transportation routes in India. It has also established its presence in 862 rural centers as of March 31,
2018, with a view towards increasing the market share in the pre-owned commercial vehicle market and reaching
out to a relatively newer customer segment in rural areas.
As of March 31, 2018, the total number of employees on the company's payroll was 23,819.
|Issue Open||Jun 27, 2018 - Jul 20, 2018|
|Security Name||Shriram Transport Finance Company Ltd|
|Security Type||Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) and/or Unsecured Subordinated Non-Convertible Debentures (Unsecured NCDs)|
|Issue Size (Base)||Rs 5,000.00 Crores|
|Issue Size (Shelf)||Rs [.] Crores|
|Issue Price||Rs 1000 per NCD|
|Face Value||Rs 1000 each NCD|
|Minimum Lot size||10 NCD|
|Market Lot||10 NCD|
|Listing At||BSE, NSE|
|Basis of Allotment|
|High Net Worth Individual Investors Portion|
|Retail Individual Investors Portion|
The Promoter of the company is Shriram Capital Limited ("SCL"). SCL holds 5,91,73,023 Equity Shares in the Company
aggregating 26.08% of the paid-up capital.
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.
These NCD issue is graded 'CRISIL AA+/Stable' by CRISIL for an amount of up to ₹ 5,00,000 lakhs vide its letter dated June 8, 2018, and 'IND AA+: Outlook Stable' by India Ratings and Research for an amount of up to ₹ 5,00,000 lakhs vide its letter dated June 8, 2018. The rating of the NCDs by CRISIL and India Ratings and Research 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.
The company offers coupon rates up to 9.4% depending on the tenures- 03 years, 05 years and 10 years. The mode of interest payments which is either Monthly, Annually or cumulative as per the choice of investors.
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Phone: + 91 44 2814 0801 to 803
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