Shriram Transport Finance Company Ltd NCD Dates, Size, Allotment, Subscription, DRHP & more
Last Updated Date: Nov 19, 2022Let’s have a detailed review of the company and analytics of the Shriram Transport NCD release date, NCD issue size, subscription, Shriram Transport Finance Company Ltd NCD allotment and other details like the company’s background, its financial positions, its promoters and other related things.
Shriram Transport Finance Company Ltd NCD – October 2018 Detail
| Credit Rating | ‘IND AA+: Outlook Stable’ by India Ratings and CRISIL AA/Stable by CRISIL |
| Issue Open | October 15, 2018 |
| Issue Close | October 29, 2018 |
| Issue Size (Base) | Rs. 30,000 lakhs |
| Issue Size (Shelf) | Rs. 135,000 lakhs |
| Issue Price | Rs 1000 per NCD |
| Face Value | Rs 1000 each NCD |
| Minimum Lot size | 10 NCD |
| Market Lot | 1 NCD |
| Listing At | BSE, NSE |
| Tenor | 3 year/ 5 year/ 10 year |
| Series | Series I to Series VII |
| Payment Frequency | Monthly, Cumulative and Annual |
| Basis of Allotment |
Shriram Transport Finance Company Ltd NCD – Basis of the Offer Price
| ISSUE STRUCTURE | |
| Security Name | Shriram Transport Finance Company Ltd |
| Security Type | Secured, Non-Convertible Debentures (NCDs) |
| Coupon payment frequency | Monthly, Cumulative and Annual |
| Coupon type | Fixed |
| Tenor | 3 year/ 5 year/ 10 year |
| Depository | NSDL and CDSL |
| Disbursement | SEBI Debt Regulations |
| Debenture Trustee | Catalyst Trusteeship Limited |
Shriram Transport Finance Company Ltd NCD Dates
The opening and the closing date of Shriram Transport Finance Company Ltd NCD is October 15, 2018 to October 29, 2018.
Shriram Transport Finance Company Ltd NCD Subscription
| Day / Date | QIB Category 1 | NII Category 2 | HNI Category 3 | RII Category 4 | Total Subscription |
| 1st – 10th Day : till 19th Sept | |||||
| 10th – 20th Day : till | |||||
| 20th – 30th Day : till | |||||
| Shares Offered or Net Issue |
The shares subscribed by the public will be updated here.
Shriram Transport Finance Company Ltd NCD Allotment Status
Here, you can find the Allotment Status of this NCD.
Shriram Transport Finance Company Ltd 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 Transport Finance Company Ltd 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 Transport Finance Company Ltd NCD Offered
| NCD’s Offered | |
| Category | NCD’s Reserved |
| QIB – Category 1 | 13,50,000 |
| NII – Category 2 | 13,50,000 |
| HNI – Category 3 | 54,00,000 |
| RII – Category 4 | 54,00,000 |
| Total NCD’s | 1,35,00,000 |
Shriram Transport Finance Company Ltd NCD Coupon Rates
| Series | I | II | III | IV | V | VI | VII |
| Interest type | Fixed | Fixed | Fixed | Fixed | Fixed | Fixed | Fixed |
| Interest reset process | NA | NA | NA | NA | NA | NA | NA |
| Frequency of Payment | Monthly | Monthly | Annual | Annual | Annual | Cumulative | Cumulative |
| Tenor | 5 Years | 10 Years | 3 Years | 5 Years | 10 Years | 3 Years | 5 Years |
| Coupon | 9.12% | 9.30% | 9.40% | 9.50% | 9.70% | NA | NA |
| Effective Yield | 9.50% | 9.70% | 9.39% | 9.49% | 9.69% | 9.40% | 9.50% |
| Redemption amount | 1,000.00 | 1,000.00 | 1,000.00 | 1,000.00 | 1,000.00 | 1,309.66 | 1,574.63 |
| Put and call | NA | ||||||
| Redemption Date | 5 Years | 10 Years | 3 Years | 5 Years | 10 Years | 3 Years | 5 Years |
| Minimum Application |
Rs. 10,000 (10 NCDs) across all Series collectively | ||||||
| In multiples of | Rs. 1,000 (1 NCD) | ||||||
| Face Value | Rs. 1,000 (1 NCD) | ||||||
| Mode of Payment |
Through various options available | ||||||
Shriram Transport Finance Company Ltd 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 Transport Finance Company Ltd – Company Overview
They believe that they are one of the largest asset financing non-bankingfinance companies in the organised sector in India that cater to first time buyers (“FTB”) and small road transport operators (“SRTOs”) for financing pre-owned commercial vehicles. In addition, they provide commercial vehicle finance for new commercial vehicles.
They are among the leading NBFCs in the organised sector for the commercial vehicle industry in India for FTBs and SRTOs. They also provide financing for passenger commercial vehicles, multi-utility vehicles, three wheelers and tractors as well as ancillary equipment and vehicle parts finance, such as loans for tyres and engine replacements, and provide working capital facility for FTBs and SRTOs.
They offer financial services to commercial vehicle operators, thereby providing comprehensive financing solutions to the road logistics industry in India.
Shriram Transport Finance Company Ltd NCD Lead Managers
| Lead Managers |
| A. K. Capital Services Limited
Axis Bank Limited JM Financial Limited Edelweiss Financial Services Limited Trust Investment Advisors Private Limited |
Shriram Transport Finance Company Ltd NCD Debenture Trustee
| Debenture Trustee |
| Catalyst Trusteeship Limited GDA House, Plot No. 85, Bhusari Colony (Right), Kothrud, Pune – 411038 Tel: +91 22 4922 0543 Fax: + 91 22 4922 0505 Email: ComplianceCTL-Mumbai@ctltrustee.com Investor Grievance Email: grievance@ctltrustee.com Website: www.catalysttustree.com Contact Person: Mr. Umesh Salvi SEBI Registration No.: IND000000034 |
Shriram Transport Finance Company Ltd 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 Tel: + 91 44 2814 0801 to 803 Fax:+91 44 28142479 Email: stfcipo@integratedindia.in Investor Grievance Email: sureshbabu@integratedindia.in Website: www.integratedindia.in Contact Person: Ms. Anusha N / Mr. Sriram S SEBI Registration No: INR000000544 |
Shriram Transport Finance Company Ltd NCD Ratings
The NCDs proposed to be issued under this Issue have been rated ‘CRISIL AA+/Stable’ by CRISIL for an amount of up to ₹ 5,00,000 lakhs vide its letter dated June 8, 2018 and revalidated by letter dated October 4, 2018 and ‘IND AA+: Outlook Stable’ by India Ratings and Research for an amount of up to ₹ 5,00,000 lakhs vide its letter dated June 8, 2018 and revalidated by letter dated October 4, 2018.
The rating of the NCDs by CRISIL and India Ratings and Research 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.
Shriram Transport Finance Company Ltd NCD News
News 1 – Download RHP Prospectus
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