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Shriram Transport Finance NCD Jan 2020 FAQ's

Shriram Transport Finance NCD Jan 2020 Detail
Issue Open Jan 6, 2020
Issue Close Jan 22, 2020
Issue Size (Base) ₹200.00 Crores
Issue Size (Shelf) ₹10,000.00 Crores
Issue Price ₹1000 per NCD
Listing At BSE, NSE

Shriram Transport Finance NCD Jan 2020 Date & Price

The Shriram Transport Finance NCD Jan 2020 issue opens on Jan 6, 2020, and closes on Jan 22, 2020, 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 Transport Finance Company Ltd NCD IPO dates are as below:

Shriram Transport Finance NCD Jan 2020 Issue Timetable

Bid/Offer Opens OnJan 6, 2020
Bid/Offer Closes OnJan 22, 2020
Record Date
Deemed Date of Allotment

Sorry, Shriram Transport Finance NCD Jan 2020 DRHP PDF Document is not available at this time.

Shriram Transport Finance NCD Jan 2020 Red Herring Prospectus (RHP) PDF

Shriram Transport Finance NCD Jan 2020 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 Transport Finance NCD Jan 2020 is 3 Years/5 Years/7 Years.

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

Shriram Transport Finance NCD Jan 2020 remain open for subscription on working days from 10:00 a.m. to 5:00 p.m until Jan 22, 2020. The bid may close earlier in case it is fully subscribed.

Coupon rates for series 1 to 8

  Series 1 Series 2 Series 3 Series 4 Series 5 Series 6 Series 7 Series 8
Frequency of Interest Payment Monthly Monthly Monthly Annually Annually Annually Cumulative Cumulative
Tenor 3 Years 5 Years 7 Years 3 Years 5 Years 7 Years 3 Years 5 Years
Coupon Rate 8.52% 8.66% 8.75% 8.85% 9.00% 9.10% NA NA
Amount on Maturity Rs 1,000 Rs 1,000 Rs 1,000 Rs 1,000 Rs 1,000 Rs 1,000 Rs 1,289.99 Rs 1,539.35

The NCD's have a fixed maturity date. The date of maturity of the NCD's is Annual, Cumulative, and Monthly.

Shriram Transport Finance NCD Jan 2020 Issue Size and Subscription Status

The Shriram Transport Finance NCD Jan 2020 consist of a base issue and a shelf issue.

  • NCD Base Issue Size: ₹200.00 Crores
  • NCD Shelf Issue Size: ₹10,000.00 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 Transport Finance NCD Jan 2020 is not available at this time. Please revisit us for latest updates.

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

The following categories of persons, and entities, shall not be eligible to participate in the Issue and any Applications from such persons and entities are liable to be rejected: (a) Minors without a guardian name*(A guardian may apply on behalf of a minor. However, Applications by minors must be made through Application Forms that contain the names of both the minor Applicant and the guardian); (b) Foreign nationals; (c) NRI inter-alia including any NRIs who are (i) based in the USA, and/or, (ii) domiciled in the USA, and/or, (iii) residents/citizens of the USA, and/or, (iv) subject to any taxation laws of the USA; (d) Persons resident outside India; (e) Foreign Institutional Investors; (f) Foreign Portfolio Investors; (g) Foreign Venture Capital Investors (h) Qualified Foreign Investors; (i) Overseas Corporate Bodies;** and (j) Persons ineligible to contract under applicable statutory/regulatory requirements.

You could check Shriram Transport Finance Company Ltd 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 Transport Finance NCD Jan 2020 Allotment and Listing

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

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

The Shriram Transport Finance Company Ltd Allotment Status is not available online at this time.

The Shriram Transport Finance Company Ltd 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 Transport Finance NCD Jan 2020 NCD's will list. The price varies by the demand and supply of NCD on the day of listing.

Shriram Transport Finance Company Ltd NCD - Should I apply?

The NCDs proposed to be issued under this Issue have been rated 'CARE AA+; Stable' by CARE Ratings Limited ("CARE") for an amount of up to ? 10,00,000 lacs vide its letter dated June 28, 2019, and revalidated by its letter dated December 18, 2019, 'CRISIL AA+/Stable' by CRISIL Limited ("CRISIL") for an amount of up to ? 10,00,000 lacs vide its letter dated June 26, 2019, and revalidated by its letter dated December 12, 2019, and 'IND AA+; Outlook Stable' by India Ratings and Research Private Limited ("India Ratings") for an amount of up to ? 10,00,000 lacs vide its letter dated June 25, 2019, and revalidated by its letter dated December 11, 2019. The rating of the NCDs by CARE, CRISIL and India Ratings indicate that instruments with this rating are considered to have a high degree of safety regarding timely servicing of financial obligations and carry very low credit risk.

Sorry, we do not provide NCD recommendations. But we share a lot of information about Shriram Transport Finance NCD Jan 2020 which could help you with questions like Shriram Transport Finance NCD Jan 2020 buy or not? You should also read Shriram Transport Finance NCD Jan 2020 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 Transport Finance Company Ltd 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.