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| Issue Open | Apr 5, 2019 |
| Issue Close | May 3, 2019 |
| Issue Size (Base) | ₹750.00 Crores |
| Issue Size (Shelf) | ₹3,000.00 Crores |
| Issue Price | ₹1000 per NCD |
| Listing At | BSE |
Note that the public issue of NCD is closed early in case it is fully subscribed (base + shelf) before its issue closing day.The allotment is done on a Priority Basis.
| Bid/Offer Opens On | Apr 5, 2019 |
| Bid/Offer Closes On | May 3, 2019 |
| Record Date | |
| Deemed Date of Allotment |
| Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 | Series 7 | Series 8 | |
|---|---|---|---|---|---|---|---|---|
| Frequency of Interest Payment | Annually | Cumulative | Annually | Monthly | Cumulative | Annually | Monthly | Cumulative |
| Tenor | 24 months | 24 months | 36 months | 36 months | 36 months | 60 months | 60 months | 60 months |
| Coupon Rate (Retail) | 9.55% | NA | 9.65% | 9.26% | NA | 9.75% | 9.35% | NA |
| Amount on Maturity | Rs 1,000 | Rs 1,200.15 | Rs 1,000 | Rs 1,000 | Rs 1,318.70 | Rs 1,000 | Rs 1,000 | Rs 1,593.15 |
Note that the Shelf issue is an option to retain oversubscription up to shelf issue size over and above the base issue.
Applications cannot be made by: a) Minors without a guardian name(A guardian may apply on behalf of a minor. However, the name of the guardian will also need to be mentioned on the Application Form); b) Foreign nationals; c) Persons resident outside India; d) Foreign Institutional Investors; e) Foreign Portfolio Investors; f) Non Resident Indians; g) Qualified Foreign Investors; h) Overseas Corporate Bodies**; i) Foreign Venture Capital Funds; and j) Persons ineligible to contract under applicable statutory/ regulatory requirements
You could check Shriram City Union Finance Limited NCD Grey Market Premium (GMP Rate) by visiting our Grey Market Price (Message Board).
Note that there is no official source of GMP Rate as they are over-the-counter transactions.
The NCDs proposed to be issued under the Issue have been rated 'CARE AA+ Stable' (Double A Plus; Outlook: Stable) by CARE and 'CRISIL AA/Stable' (pronounced as CRISIL double A rating with Stable outlook) by CRISIL for an amount of upto 30,000 million vide their letters dated December 11, 2018 (and revalidated on February 14, 2019) and December 6, 2018 (and revalidated on February 19, 2019) respectively. The rating of the NCDs by CARE and CRISIL are considered to have a high degree of safety regarding timely servicing of financial obligations. Such instruments carry very low credit risk.
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