Shriram City Union Finance Limited NCD Dates, Size, Allotment, Subscription, RHP & more
Last Updated Date: Nov 19, 2022Let’s have a detailed review of the company and analytics of the Shriram City Union Finance Limited NCD release date, NCD issue size, subscription, Shriram City Union Finance Limited NCD allotment and other details like the company’s background, its financial positions, its promoters and other related things.
Shriram City Union Finance Limited NCD – August 2019 Detail
| Credit Rating | CARE AA+/Stable, CRISIL AA/Stable |
| Issue Open | Aug 21, 2019 |
| Issue Close | Sep 19, 2019 |
| Issue Size (Base) | Rs 100.00 Crores |
| Issue Size (Shelf) | Rs 900.00 Crores |
| Issue Price | Rs 1000 per NCD |
| Face Value | Rs 1000 each NCD |
| Minimum Lot size | 10 NCD |
| Market Lot | 1 NCD |
| Listing At | BSE |
| Tenor | 24 months/ 36 months/ 60 months |
| Series | Series I to Series VIII |
| Payment Frequency | Monthly, Cumulative and Annual |
| Basis of Allotment | First Come First Serve Basis |
Shriram City Union Finance Limited NCD – Basis of the Offer Price
| ISSUE STRUCTURE | |
| Security Name | Shriram City Union Finance Limited |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) and/or Unsecured Subordinated Non-Convertible Debentures (Unsecured NCDs) |
| Coupon payment frequency | Monthly, Cumulative and Annual |
| Coupon type | Fixed |
| Tenor | 24 months/ 36 months/ 60 months |
| Depository | NSDL and CDSL |
| Disbursement | SEBI Debt Regulations |
| Debenture Trustee | Catalyst Trusteeship Limited |
Shriram City Union Finance Limited NCD Dates
The opening and the closing date of Shriram City Union Finance Limited NCD is Aug 21, 2019 to Sep 19, 2019.
Shriram City Union Finance Limited NCD Subscription
| Day / Date | QIB Category 1 | NII Category 2 | HNI Category 3 | RII Category 4 | Total Subscription |
| 1st – 10th Day: till Sep 2, 2019 | 2.00x | 0.01x | 0.13x | 0.67x | 0.52x |
| 10th – 20th Day: till Sep 13, 2019 | 4.01x | 2.03x | 0.21x | 1.35x | 1.23x |
| 20th – 30th Day: till Sep 19, 2019 | 4.01x |
2.03x |
0.28x | 1.96x | 1.50x |
| Shares Offered or Net Issue | 100,000 | 100,000 | 400,000 | 400,000 | 1,000,000 |
The shares subscribed by the public will be updated here.
Shriram City Union Finance Limited NCD Allotment Status
Here, you can find the Allotment Status of this NCD.
Shriram City Union Finance Limited NCD Share Offering
Issue of 5,22,000 Equity Shares of face value of Rs.10/- each for cash at a price of Rs. [ ] per Equity Share (including a share premium of Rs.[ ] per Equity share) aggregating Rs. [ ] lakhs.
Shriram City Union Finance Limited NCD Allocation Ratio
| NCD Allocation Ratio | |
| Category | NCD’s Allocated |
| QIB – Category 1 | 10% |
| NII – Category 2 | 10% |
| HNI – Category 3 | 40% |
| RII – Category 4 | 40% |
Shriram City Union Finance Limited NCD Offered
| NCD’s Offered | |
| Category | NCD’s Reserved |
| QIB – Category 1 | 100,000 |
| NII – Category 2 | 100,000 |
| HNI – Category 3 | 400,000 |
| RII – Category 4 | 400,000 |
| Total NCD’s | 1,000,000 |
Shriram City Union Finance Limited NCD Coupon Rates
| Particulars | Series | |||||||
| I | II | III* | IV | V | VI | VII | VIII | |
| Frequency of Payment | Annual | Cumulative | Annual | Monthly | Cumulative | Annual | Monthly | Cumulative |
| Minimum Application |
Rs 10,000 (10 NCDs) across all series collectively | |||||||
| Face Value | Rs 1,000 per NCD | |||||||
| In multiples of | Rs 1,000 (1 NCD) across all series | |||||||
| Tenor | 24 months |
24 months | 36 months |
36 months | 36 months | 60 months |
60 months |
60 months |
| Coupon | 9.55 | NA | 9.70 | 9.30 | NA | 9.85 | 9.45 | NA |
| Effective Yield | 9.54 | 9.55 | 9.69 | 9.70 | 9.70 | 9.84 | 9.86 | 9.85 |
| Mode of Payment | Through various modes available | |||||||
| Amount on Maturity | 1,000 | 1,200.45 | 1,000 | 1,000 | 1320.50 | 1000 | 1,000 | 1600.40 |
| Put and Call Options | NA | |||||||
Shriram City Union Finance Limited NCD Issue Object
These are the NCD Issue Objects of the company
- For the purpose of onward lending, financing, and for repayment of interest and principal of existing borrowings of the Company; and
- General corporate purposes
Shriram City Union Finance Limited – Company Overview
They believe that they specialize in small enterprise finance, which accounted for 57.72 % and 52.87% of their AUM as on March 31, 2019 and March 31, 2018, respectively, as per the Reformatted Consolidated Financial Information under Ind AS.
A significant portion of their AUM also comprises of two-wheeler finance, with such segment accounting for 15.29% and 17.19% of their AUM as on March 31, 2019 and March 31, 2018, respectively, as per the Reformatted Consolidated Financial Information under Ind AS.
Having commenced operations in 1986, they have established a pan-India presence, through 1,036 branches as of June 30, 2019 and remain committed to serving unbanked and underserved sections of their customer-base.
The total revenue increased to Rs. 6,06,985.52 lakhs for Fiscal 2019 from Rs. 5,43,896.64 lakhs for Fiscal 2018, at a CAGR of 11.60%, as per the Reformatted Consolidated Financial Information under Ind AS.
Their net profit after tax increased to Rs. 100,552.69 lakhs for Fiscal 2019 from Rs. 74,930.00 lakhs for Fiscal 2018, at a CAGR of 34.20 %, as per the Reformatted Consolidated Financial Information under Ind AS.
In the three-month period ended June 30, 2019, their Company’s revenue and profit after tax amounted to Rs. 149,434.65 lakhs and Rs. 25,317.37 lakhs, respectively, on a standalone basis, and Rs. 157,287.76 lakhs and Rs. 26,004.10 lakhs, respectively, on a consolidated basis, as per the Limited Review Financial Information for the three-month period ended June 30, 2019.
Shriram City Union Finance Limited NCD Lead Managers
| Lead Managers |
| A. K. Capital Services Limited
Edelweiss Financial Services Limited |
Shriram City Union Finance Limited NCD Debenture Trustee
| Debenture Trustee |
| Catalyst Trusteeship Limited GDA House, Plot No. 85, Bhusari Colony (Right), Kothrud, Pune – 411038 Telephone: +91 2025280081 Facsimile: + 91 2025820275 Email: dt@ctltrustee.com Investor Grievance Email: grievance@ctltrustee.com Website: www.catalysttustree.com Contact Person: Compliance Officer SEBI Registration No.: IND000000034 |
Shriram City Union Finance Limited NCD Registrar to offer
| Registrar to the Offer |
| Integrated Registry Management Services Private Limited 2nd Floor, “Kences Towers”, No. 1, Ramakrishna Street, North Usman Road, T. Nagar, Chennai – 600 017 Telephone: +91 44 2814 0801 to 803 Facsimile: +91 44 28142479 Email: scuf@integratedindia.in Investor Grievance E-mail: csdstd@integratedindia.in Website: www.integratedindia.in Contact person: Mr. K Balasubramanian SEBI Registration No.: INR000000544 |
Shriram City Union Finance Limited NCD Ratings
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 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.
Ratings provided by CARE and CRISIL may be suspended, withdrawn or revised at any time by the assigning rating agency and should be evaluated independently of any other rating. These ratings are not a recommendation to buy, sell or hold the NCDs and investors should take their own decisions.
Shriram City Union Finance Limited NCD News
News 1 – Download RHP Prospectus
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