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Shriram City NCD Aug 2019 Detail
Issue Open Aug 21, 2019
Issue Close Sep 19, 2019
Issue Size (Base) ₹100.00 Crores
Issue Size (Shelf) ₹900.00 Crores
Issue Price ₹1000 per NCD
Listing At BSE

Shriram City NCD Aug 2019 Date & Price

The Shriram City NCD Aug 2019 issue opens on Aug 21, 2019, and closes on Sep 19, 2019, for the subscription.

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 First Come First Serve Basis.

Shriram City Union Finance Limited NCD IPO dates are as below:

Shriram City NCD Aug 2019 Issue Timetable

Bid/Offer Opens OnAug 21, 2019
Bid/Offer Closes OnSep 19, 2019
Record Date
Deemed Date of Allotment

Shriram City NCD Aug 2019 price is set at ₹1000 per NCD.

The NCD's will be issued at a face value of ₹1000 each NCD.

The frequency of payment for Shriram City NCD Aug 2019 is Monthly/ Annual/ Cumulative.

No. Issues consist of Secured as well as Unsecured NCD's.

Each application should be for a minimum of 10 NCD's and multiples of 1 NCD thereof.

Shriram City NCD Aug 2019 remain open for subscription on working days from 10:00 a.m. to 5:00 p.m until Sep 19, 2019. The bid may close earlier in case it is fully subscribed.

Terms and conditions in connection with Secured NCDs****Series

I

II

III

IV

V

VI

VII

VIII 

Frequency of Interest Payment

Annual

Cumulative

Annual

Monthly

Cumulative

Annual

Monthly

Cumulative

Minimum Application

Rs 10,000 (10 NCDs)

Rs 10,000 (10 NCDs)

Rs 10,000 (10 NCDs)

Rs 10,000 (10 NCDs)

Rs 10,000 (10 NCDs)

Rs 10,000 (10 NCDs)

Rs 10,000 (10 NCDs)

Rs 10,000 (10 NCDs)

In multiples of thereafter

Rs 1,000 (1 NCD)

Rs 1,000 (1 NCD)

Rs 1,000 (1 NCD)

Rs 1,000 (1 NCD)

Rs 1,000 (1 NCD)

Rs 1,000 (1 NCD)

Rs 1,000 (1 NCD)

Rs 1,000 (1 NCD)

Face Value of Secured NCDs (Rs / NCD)

Rs 1,000

Rs 1,000

Rs 1,000

Rs 1,000

Rs 1,000

Rs 1,000

Rs 1,000

Rs 1,000

Issue Price (Rs / NCD)

Rs 1,000

Rs 1,000

Rs 1,000

Rs 1,000

Rs 1,000

Rs 1,000

Rs 1,000

Rs 1,000

Tenor from Deemed Date of Allotment

24 months

24 months

36 months

36 months

36 months

60 months

60 months

60 months

Coupon Rate (% per annum)

9.55%

N.A.

9.70%

9.30%

N.A.

9.85%

9.45%

NA

Effective Yield (Per annum)

9.54%

9.55%

9.69%

9.70%

9.70%

9.84%

9.86%

9.85%

Mode of Interest Payment

Through various options available

Redemption Amount (Rs / NCD****

Rs 1,000

Rs 1,200.45

Rs 1,000

Rs 1,000

Rs 1,320.50

Rs 1,000

Rs 1,000

Rs 1,600.40

Maturity Date (From Deemed Date of Allotment)

24 months

24 months

36 months

36 months

36 months

60 months

60 months

60 months

Nature of indebtedness

Secured rated listed non-convertible debentures

Put and Call Options

N.A.

N.A.

N.A.

N.A.

N.A.

N.A.

N.A.

N.A.

The NCD's have a fixed maturity date. The date of maturity of the NCD's is 24 months/ 36 months/ 60 months.

Shriram City NCD Aug 2019 Issue Size and Subscription Status

The Shriram City NCD Aug 2019 consist of a base issue and a shelf issue.

  • NCD Base Issue Size: ₹100.00 Crores
  • NCD Shelf Issue Size: ₹900.00 Crores

Note that the Shelf issue is an option to retain oversubscription up to shelf issue size over and above the base issue.

Sorry, The number of shares offered in Shriram City NCD Aug 2019 is not available at this time. Please revisit us for latest updates.

No, NRI's are not eligible to apply in this Issue.

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.

Shriram City NCD Aug 2019 Allotment and Listing

The NCD's are proposed to be listed on BSE.

Applicants are allocated NCD's on a First Come First Serve Basis.

The Shriram City Union Finance Limited Allotment Status is not available online at this time.

The Shriram City Union Finance Limited NCD listing data are not available. The date is published by the exchange a couple of days before the NCD listing.

It is hard to say at what price Shriram City NCD Aug 2019 NCD's will list. The price varies by the demand and supply of NCD on the day of listing.

Shriram City Union Finance Limited NCD - Should I apply?

CDs 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 further revalidated on March 20, 2019 and further revalidated on August 14, 2019) and December 6, 2018 (and revalidated on February 19, 2019 and further revalidated on March 19, 2019 and further revalidated on August 9, 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.

Sorry, we do not provide NCD recommendations. But we share a lot of information about Shriram City NCD Aug 2019 which could help you with questions like Shriram City NCD Aug 2019 buy or not? You should also read Shriram City NCD Aug 2019 Analysis from experts and check the daily subscription status.

It depends on many factors like company financials, segment outlook, market situation, issue pricing, the background of promoters, lead managers performance, company strengths, risks and oversubscription. You should read the prospectus document, NCD Analysis from experts and follow the subscriptions before you make the decision to apply in an NCD public Issue.

Shriram City Union Finance Limited NCD listing day gains are unpredictable as depends on many factors on the day listing. It depends on factors like the demand, the market situation on the day of listing, NCD Issue size etc.