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Let’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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