HSL Mobile App Shriram City Union Finance Ltd NCD
Incorporated in 1986, Chennai based Shriram City Union Finance (Shriram City) is a deposit-taking non-banking financial company (NBFC), which is a part of "Shriram Group", a leading financial service provider in India. It has specialisation in retail finance where it finances Four Wheelers, Three Wheelers, Two Wheelers (old & new commercial and passenger vehicles) and provides Small Business Loans, Personal Loans, Housing Finance loans and Gold loans as well. Shriram City Union Finance has a PAN India presence with 1,057 branches across the country and an enterprise resource planning (ERP) platform connecting the outlets to head office. The company follows a 'hub-and-spoke' business model where all the control is vested to head office under general vigilance.
Shriram City Union Finance issue Details
| Issuer | Shriram City Union Finance Ltd ( View Report ) |
| Nature of Instrument | Secured Redeemable Non-Convertible Debentures |
| Mode of the Issue | Public issue |
| Issue Open Date | April 5, 2019 |
| Issue Close Date | May 3, 2019 |
| Bond Trustee | Catalyst Trusteeship Limited (earlier know as GDA Trusteeship Limited) |
| Depositories |
NSDL and CDSL |
| Registrar to the issue/Registrar |
Integrated Registry Management Services Private Limited |
| Issue Size |
Rs 750 crores |
| Issue Price | Rs 1,000 per NCD |
| Face Value | Rs 1,000 per NCD |
| Minimum Application | Rs 10,000/- (10 NCDs) and in multiples of Rs 1,000 (1 NCD) thereafter |
| Credit Ratings | CARE AA+ Stable and CRISIL AA/Stable |
| Listing | BSE |
| Trading Mode of instrument | Dematerialised format |
SPECIFIC TERMS FOR EACH SERIES OF NCDs
| Series | I | II | III | IV | V | VI | VII | VIII |
| Frequency of Interest Payment | Annually | Cumulative | Annually | Monthly | Cumulative | Annually | Monthly | Cumulative |
| Tenor | 24 months | 24 months | 36 months | 36 months | 36 months | 60 months | 60 months | 60 months |
| Coupon (per annum) | 9.55% | NA | 9.65% | 9.26% | NA | 9.75% | 9.35% | NA |
| Effective Yield (per annum) | 9.55% | 9.55% | 9.64% | 9.65% | 9.65% | 9.74% | 9.75% | 9.75% |
| Amount on Maturity | Rs 1,000 | Rs 1,200.15 | Rs 1,000 | Rs 1,000 | Rs 1,318.70 | Rs 1,000 | Rs 1,000 | Rs 1,593.15 |
How To Invest in NCDs:
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