HSL Mobile App Shriram Transport Finance Company Limited NCD
Incorporated in 1979, Shriram Transport Finance Company Ltd is a leading asset financing non-banking finance companies catering to first-time buyers (FTB) and small road transport operators (SRTOs) in India. The company is known for its complete financing solutions in the road logistics industry in India. It provides financing for pre-owned commercial vehicles, new commercial vehicles and even commercial vehicle operators. The company is a part of the Shriram group of companies, which has a strong presence in financial services in India and has over 1,213 branches across India. It is also building a strong presence in 862 rural centres, with a view to increasing the market share in the pre-owned commercial vehicle market.
Issue Details
| Issuer | Shriram Transport Finance Company Limited |
| Type of instrument/ Nature/ Name of the security/ Seniority |
Secured Redeemable Non-Convertible Debentures |
| Issue | Public Issue of secured, redeemable non-convertible debentures of face value of Rs. 1,000 each, for an amount of Rs. 300 Crore (“Base Issue Size”) with an option to retain oversubscription up to Rs. 10000 Crores("The shelf limit") |
| Issue opening date | Wednesday , 17th July 2019 |
| Issue closing date | Friday , 16th August 2019 |
| Debenture Trustee | Catalyst Trusteeship Limited |
| Registrar to the Issue/ Registrar Issue | Integrated Registry Management Services Private Limited |
| Allocation Ratio | QIB:10%, Corporate: 10%, HNI: 10% , Retail Individual Investor:40% of the overall issue size |
| Option to retain Oversubscription Amount | Rs.1000 crores |
| Base Issue | Rs 300 Crore |
| Issue Price | Rs. 1000 per NCD |
| Coupon Rate | Upto 9.70% * ( 0.25% Additional For Sr. Citizens) |
| Face value | Rs 1,000 per NCD |
| Minimum Application size and in multiples of NCO thereafter |
Rs 10,000 (10 NCDs) collectively across all Series collectively |
| Credit ratings | CRISIL AA+/Stable/IND AA+/Stable |
| Listing | The NCDs are proposed to be listed on NSE & BSE. NCDs shall be listed within 12 Working Days from the date of Issue Closure. |
| Issuance and Trading | In dematerialised* form only |
| Series | I | II | III | IV | V | VI | VII | VIII | IX | X |
| Frequency of Interest Payment | Monthly | Monthly | Monthly | Annual | Annual | Annual | Annual | Cumulative | Cumulative | Cumulative |
| Tenor | 42 months | 60 months | 84 months | 30 months | 42 months | 60 months | 84 months | 42 months | 60 months | 84 months |
| Coupon (% per annum) | 9.12% | 9.22% | 9.31% | 9.30% | 9.50% | 9.60% | 9.70% | NA | NA | NA |
| Effective Yield (per annum) | 9.50% | 9.61% | 9.71% | 9.33% | 9.52% | 9.59% | 9.69% | 9.50% | 9.60% | 9.70% |
* Additional 0.25% for Senior Citizen
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