[.]| Listing at BSE | Wed, Aug 21, 2019 - Thu, Sep 19, 2019
| Bid/Offer Opens On | August 21, 2019 |
| Bid/Offer Closes On | September 19, 2019 |
|
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 |
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|
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 |
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|
Put and Call Options |
N.A. |
N.A. |
N.A. |
N.A. |
N.A. |
N.A. |
N.A. |
N.A. |
The following categories of persons are eligible to apply in the Issue:
The Shriram City NCD Aug 2019 consists of a base issue and a shelf issue.
Note that the Shelf issue is an option to retain oversubscription up to the shelf issue size over and above the base issue.
Shares offered in Shriram City NCD Aug 2019 are as below:
| Category 1 (QIB) | 100000 |
| Category 2 | 100000 |
| Category 3 (HNI) | 400000 |
| Category 4 (Retail) | 400000 |
No, NRI's are not eligible to apply in this Issue.
You could check Shriram City NCD Aug 2019 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 NCD's are proposed to be listed on BSE.
Applicants are allocated NCD's on a First Come First Serve Basis.
You can check Shriram City Union Finance Ltd. allotment status on the registrar’s website using your PAN or application number, or on the BSE/NSE website under the debt issue section. If allotted, the NCDs will be credited to your demat account and visible through your broker.
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.
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 Rs 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 Ltd. NCD listing day gains are unpredictable as it depends on many factors on the day of listing. It depends on factors like the demand, the market situation on the day of listing, NCD issue size, etc.
