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

Sep 12, 2012 - Sep 26, 2012
Shriram City Union Finance Ltd Logo

Incorporated in 1986, Shriram City Union Finance (SHRIRAMCity) is engaged in the business of financing for Two wheelers, Three wheelers, Four wheeles, Personal loans, Small business loans, and Loan against gold.

Shriram City Union NCD Detail

Issue Open Sep 12, 2012 - Sep 26, 2012
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
Market Lot
Listing At BSE, NSE
Credit Rating
Tenor
Series
Payment Frequency
Basis of Allotment

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.

The NCDs proposed to be issued have been rated "CARE AA" by CARE for an amount of up to Rs 500 crore, and "CRISIL AA-/Stable" by CRISIL for an amount of up to Rs 500 crore. The ratings of the NCD indicate high degree of safety regarding timely servicing of financial obligations and carrying very low credit risk.

Options

Tenure 36 mths 60 mths 36 mths 60 mths
Interest Payout Annual Annual Cumulative Cumulative
Coupon/Effective Yield (Individuals) 11.5% 11.75% 11.5% 11.75%
Coupon/Effective Yield (NonIndividuals) 10.6% 10.75% 10.6% 10.75%

Shriram City Union NCD 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 NCD Registrar


   
   
   

Phone:
Email: scuf@integratedindia.in
Website: http://


8 Comments

8. Amit     Link|Sep 16, 2013 9:35:23 AM
Thanks Leo, same for Ind-Swift and Avon Corporation. They are not returning my Principal and Interest.
7. bcskal     Link|Aug 27, 2013 7:53:38 AM
Can anybody tell me about the SREI NCD-August 2013 issue? How is the credibility of the Company? Is it a reliable one? Can we subscribe to the same. Kindly make your comments quickly. Thanks.
6. narendra sinha     Link|Jul 18, 2013 1:42:39 PM
What is the incentive being offered by the brokers on Shriram NCD, for both retail and HNI category applications?
5. leo Khan     Link|Apr 14, 2013 3:43:58 PM
agreed NCD''s are always safer and one can come out on a fairly short notice.
4. ARCHIT SHAH   I Like It. 1|  Link|Jan 15, 2013 10:30:42 AM
why you want to take to much risk for 12%?
if you check some listed ncd like , you will get more than 12% and safe
3. K V Subba Rao   I Like It. 1|  Link|Oct 22, 2012 5:31:14 PM
In case of NCDs, YTM or Yield to Maturity (Interest) is very vital to take Buy decision. Unfortunately, we don''t get this information "live". You find it in edelweiss (Debt) website but the figures are not reliable. If you are familiar with excel worksheets, find out terms about coupon rate, frequency of payment and maturity date etc either by googling or visiting edelweiss website (reliable for this limited purpose)and make out calculation sheets. It should be such that once you enter, Last Traded Price, YTM should be worked by formula (XIRR). Once you are sure that your calculation method is correct, after logging-in, enter LTP and get YTM.One need to be careful about Stock Code in the sense, if you decide to buy Brinjal, you should buy Brinjal only but not Potatoes. I am cautioning in this aspect, becaStock Codes used in different websites for Trading are not uniform
2. kt   I Like It. 1|  Link|Oct 13, 2012 6:54:52 PM
can any one tell wch bond to buy from market to get maximum intrest
1. Khabari   I Like It. 1|  Link|Sep 13, 2012 12:30:26 AM
DEAR
SEE YOUR PASSBOOK IT ALREADY CAME AROUND 31ST MARCH-2012,

SEE ENTRIES BETWEN 31ST MARCH AND 4 APRIL.

IT MUST BE THERE