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Shriram Transport Finance NCD July 2019 FAQ's

Shriram Transport Finance NCD July 2019 Detail
Issue Open Jul 17, 2019
Issue Close Aug 16, 2019
Issue Size (Base) ₹300.00 Crores
Issue Size (Shelf) ₹10,000.00 Crores
Issue Price ₹1000 per NCD
Listing At BSE, NSE

Shriram Transport Finance NCD July 2019 Date & Price

The Shriram Transport Finance NCD July 2019 issue opens on Jul 17, 2019, and closes on Aug 16, 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 Transport Finance Company Ltd NCD IPO dates are as below:

Shriram Transport Finance NCD July 2019 Issue Timetable

Bid/Offer Opens OnJul 17, 2019
Bid/Offer Closes OnAug 16, 2019
Record Date
Deemed Date of Allotment

Sorry, Shriram Transport Finance NCD July 2019 DRHP PDF Document is not available at this time.

Shriram Transport Finance NCD July 2019 Red Herring Prospectus (RHP) PDF

Shriram Transport Finance NCD July 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 Transport Finance NCD July 2019 is 30 months/42 months/60 months/84 months.

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

Shriram Transport Finance NCD July 2019 remain open for subscription on working days from 10:00 a.m. to 5:00 p.m until Aug 16, 2019. The bid may close earlier in case it is fully subscribed.

Series I to Series VIII

Coupon rates for series 1 to 10

  Series 1 Series 2 Series 3 Series 4 Series 5 Series 6 Series 7 Series 8 Series 9 Series 10
Frequency of Interest Payment Monthly Monthly Monthly Annually Annually Annually Annually Cumulative Cumulative Cumulative
Tenor 42 months 60 months 84 months 30 months 42 months 60 months 84 months 42 months 60 months 84 months
Coupon Rate 9.12% 9.22% 9.31% 9.30% 9.50% 9.60% 9.70% NA NA NA
Amount on Maturity Rs 1,000 Rs 1,000 Rs 1,000 Rs 1,000 Rs 1,000 Rs 1,000 Rs 1,000 1,374.75 1,582.25 1,912.80

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 July 2019 Issue Size and Subscription Status

The Shriram Transport Finance NCD July 2019 consist of a base issue and a shelf issue.

  • NCD Base Issue Size: ₹300.00 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 July 2019 is not available at this time. Please revisit us for latest updates.

Yes, NRI's are 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; and Overseas Corporate Bodies (i) 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 July 2019 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.

Click here to check Shriram Transport Finance Company Ltd Allotment Status.

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 July 2019 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 Rs. 10,00,000 lacs vide its letter dated June
28, 2019, 'CRISIL AA+/Stable' by CRISIL Limited ("CRISIL") for an amount of up to Rs. 10,00,000 lacs vide its letter dated June 26, 2019 and 'IND AA+; Outlook Stable' by India Ratings
and Research Private Limited ("India Ratings") for an amount of up to Rs. 10,00,000 lacs vide its letter dated June 25, 2019. The rating of the NCDs by CARE, CRISIL and India Ratings
indicate that instruments with this rating are considered to have 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 July 2019 which could help you with questions like Shriram Transport Finance NCD July 2019 buy or not? You should also read Shriram Transport Finance NCD July 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 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.