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Shriram City Union Finance Ltd NCD (Shriram City Union Finance NCD July 2014) Detail

Jul 2, 2014 - Jul 22, 2014
Shriram City Union Finance Ltd Logo

Shriram Transport Finance Corp Ltd (STFC), the flagship company of Shriram Group from South is engaged in the finance related business as NBFC. It has obtained shelf limit of Rs. 3000 crore for debt issue of Secured Redeemable Non-Convertible Debentures of Rs. 1000 each with a base size of Rs. 100 crore from SEBI. This is the seventh debt issue offer from this company in last three years.

The company is coming out with an issue of Rs. 500 crore under this offer as Tranche I with 5000000 Secured Redeemable NCDs of Rs. 1000 each having coupon rates ranging from 9.85% to 10.15% under annual payment scheme for 36, 60 and 84 months and coupon rate of 10.71% and 10.94% for monthly payment on allotment under demat only for a tenure of 60 and 84 months respectively. The scheme of cumulative payment option is also available. Senior citizens are offer 0.25% extra for monthly as well as for cumulative scheme. These bonds offer is giving annualized yield of 9.85% to 11.50% based on category. Individual investors are given special incentive of 1.15%, 1.25% and 1.35% for the above three tenures respectively. Minimum application is to be made for 10 NCDs i.e. Rs. 10000 and in multiple of 1 NCD thereon thereafter. Issue is available for allotment under physical as well as demat mode, however, trading will take place only under demat mode. NCDs will be listed on NSE and BSE post allotments. Issue opens for subscription on 02.07.14 and will close on or before 22.07.14.

Shriram City Union Finance NCD July 2014 Detail

Issue Open Jul 2, 2014 - Jul 22, 2014
Security Name Shriram City Union Finance Ltd
Security Type
Issue Size (Base) Rs 500.00 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
Credit Rating
Tenor
Series
Payment Frequency
Basis of Allotment

NCD Allocation Ratio

NCD's allocated in each investor category:

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

Objects of the Issue:

The funds raised through this Issue will be used for:

1. Finance their business operations, lending, investments;
2. Repay existing loans;
3. Business operations including capital expenditure;
4. Working capital requirements; and
5. Meeting expenses of the Issue.

Ratings

This issue has been rated CRISIL AA/Stable, CARE AA+ and IND AA+ indicating high degree of safety regarding timely servicing of financial obligations and carry very low credit risk.

Offerings

These bonds offer is giving annualized yield of 9.85% to 11.50% based on category. Individual investors are given special incentive of 1.15%, 1.25% and 1.35% for the above three tenures respectively.

Shriram City Union Finance NCD July 2014 Prospectus

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Company Contact Information

Shriram City Union Finance Ltd
Shriram City Union Finance Ltd,
123, Angappa Naicken Street,
Chennai- 600 001, Tamil Nadu

Phone: + 91 44 4392 5300
Email: sect@shriramcity.in
Website: http://www.shriramcity.in

Shriram City Union Finance NCD July 2014 Registrar


   
   
   

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2 Comments

2. K V Subba Rao  Jul 1, 2014 5:15:17 PM
That is why ECL NCD IPO was over subscribed wihhin just two-three days after opening
1. montu advisor  Jun 30, 2014 7:56:47 PM
Less Intensest Compared to ECL.. Buy Tech Mahindra for the target of 2500+ in one Month