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Shriram Transport Finance Company Ltd NCD (Shriram Transport Finance stfc NCD June 2018) Detail

Jun 27, 2018 - Jul 20, 2018
Shriram Transport Finance Company Ltd Logo

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.

Shriram Transport Finance - 8th NCD offer review

Shriram Transport Finance stfc NCD June 2018 Detail

Issue Open Jun 27, 2018 - Jul 20, 2018
Security Name Shriram Transport Finance Company Ltd
Security Type
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
Credit Rating
Tenor
Series
Payment Frequency
Basis of Allotment First Come First Serve Basis

Company Promoters

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.

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.

Ratings

These NCD issue is graded 'CRISIL AA+/Stable' by CRISIL for an amount of up to Rs 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 Rs 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.

Offerings

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.

Shriram Transport Finance stfc NCD June 2018 Prospectus

Shriram Transport Finance stfc NCD June 2018 Rating

43
3.8
Rating:Rated 3.8 stars
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Shriram Transport Finance stfc NCD June 2018 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 stfc NCD June 2018 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/


21 Comments

1. hassal     Link|Jun 27, 2018 7:09:32 PM
Are these safe?
Is it safe to invest in NCD's (Shriram Transport Finance Company Ltd)?
Please experts comment.
1.1. AnkurGoel     Link|Jun 28, 2018 12:15:36 AM
Ncd comes as secured & unsecured. There is risk to default on interest And principal payment. In case of default, there is long procedure to get the principal back.
Company will go to nclt. Nclt appoints resolution professional who will access company health and try to solve all outstanding by selling the assets.
1.2. Navkant     Link|Jun 28, 2018 2:54:50 PM
How to check if its still open or closed already?