fbpx

Shriram Transport Finance Company Ltd NCD Dates, Size, Allotment, Subscription, DRHP & more

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 OpenOctober 15, 2018
Issue CloseOctober 29, 2018
Issue Size (Base)Rs. 30,000 lakhs
Issue Size (Shelf)Rs. 135,000 lakhs
Issue PriceRs 1000 per NCD
Face ValueRs 1000 each NCD
Minimum Lot size10 NCD
Market Lot1 NCD
Listing AtBSE, NSE
Tenor3 year/ 5 year/ 10 year
SeriesSeries I to Series VII
Payment FrequencyMonthly, Cumulative and Annual
Basis of Allotment

Shriram Transport Finance Company Ltd NCD – Basis of the Offer Price

ISSUE STRUCTURE
Security NameShriram Transport Finance Company Ltd
Security TypeSecured, Non-Convertible Debentures (NCDs)
Coupon payment frequencyMonthly, Cumulative and Annual
Coupon typeFixed
Tenor3 year/ 5 year/ 10 year
DepositoryNSDL and CDSL
DisbursementSEBI Debt Regulations
Debenture TrusteeCatalyst 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 / DateQIB Category 1NII Category 2HNI Category 3RII Category 4Total 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
CategoryNCD’s Allocated
QIB – Category 110%
NII – Category 210%
HNI – Category 340%
RII – Category 440%

Shriram Transport Finance Company Ltd NCD Offered

NCD’s Offered
CategoryNCD’s Reserved
QIB – Category 113,50,000
NII – Category 213,50,000
HNI – Category 354,00,000
RII – Category 454,00,000
Total NCD’s1,35,00,000

Shriram Transport Finance Company Ltd NCD Coupon Rates

SeriesIIIIIIIVVVIVII
Interest typeFixedFixedFixedFixedFixedFixedFixed
Interest reset processNANANANANANANA
Frequency of PaymentMonthlyMonthlyAnnualAnnualAnnualCumulativeCumulative
Tenor5 Years10 Years3 Years5 Years10 Years3 Years5 Years
Coupon9.12%9.30%9.40%9.50%9.70%NANA
Effective Yield9.50%9.70%9.39%9.49%9.69%9.40%9.50%
Redemption amount1,000.001,000.001,000.001,000.001,000.001,309.661,574.63
Put and callNA
Redemption Date5 Years10 Years3 Years5 Years10 Years3 Years5 Years
Minimum
Application
Rs. 10,000 (10 NCDs) across all Series collectively
In multiples ofRs. 1,000 (1 NCD)
Face ValueRs. 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: [email protected]
Investor Grievance Email: [email protected]
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: [email protected]
Investor Grievance Email: [email protected]
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


Market Guide

What is NCD?
NCD Investment
Upcoming NCDs
 NCD Valuation

Featured Topics

Best Discount Broker in India
Top 10 Sub Broker Partner in India
Best Stock Broker in India
Sub Broker Franchise
Best Demat Account
Brokerage Calculator
Best Full Service Broker in India
Broking Franchisee
 Best Intraday Trading Brokers in India
Get 90% Discount on Brokerage Now! Open Demat Account
×

Share your details & Become Sub Broker Now!

  1. Become Sub Broker

Offer valid for limited time.

×

Share your details & Open Demat A/C Now!

  1. Open Demat Account

Offer valid for limited time.

×

Share your details & Get IPO Allotment Now!

  1. Invest in IPO

Offer valid for limited time.

×

Share your details & Invest in PMS Now!

  1. Invest in PMS

Offer valid for limited time.