Shriram Transport Finance NCD: Upcoming NCD in January 2019

Shriram Transport Finance NCD: Shriram Transport Finance Company Limited is issuing Non-Convertible Debentures from 7-January-2019 to 31-January-2019.

Shriram Transport Finance NCD

Shriram Transport Finance NCD Issue Details
Issue Type Secured Redeemable Non-Convertible Debentures
Issuer Shriram Transport Finance Company Limited
Issue Opens 7-January-2019
Issue Closes 31-Jan-2019
Interest Ranging from 9.00% to 9.50%
Face Value Rs 1,000 Per NCD
Issue Size Rs 700 Crores
Minimum Order 10 NCD (Rs 10,000)
Listing BSE, NSE

(Read: Debenture – Fixed Income Investment)

Objects of the Shriram Transport Finance NCD Issue

According to the Shriram Transport Finance Company Limited, following are the objects of NCD issue:-

  1. For the purpose of onward lending, financing, and for repayment/ prepayment of interest and principal of existing borrowings of the Company, and
  2. General corporate purposes.
Rating of Shriram Transport Finance NCD
  • Crisil: CRISIL AA+/Stable
  • India Ratings and Research Private Limited (India Ratings):: IND AA+/Stable
AbouShriram Transport Finance Company Limited

Shriram Transport Finance Company Limited was incorporated in Chennai in the year 1979. It is a deposit-taking Non-Banking Financial Company (NBFC). This company is a part of the Shriram group and it is involved in financial services including commercial vehicle financing. It mainly focuses on small truck financing. They have a presence across India through their wide-spread network of branches.  As on 31-December-2017 they had 1,121 branches, 930 rural centres and tie up over 500 private financiers across the country. As on 31-December-2017, their total employee strength was 22,967, including more than 14,497 product executives and credit executives. 

The company’s assets under management grew by a compounded annual growth rate (CAGR) of 15.74% from Rs. 53,116 crores in the financial year 2014 to Rs. 95,306 crores in the financial year 2018. Their total income and profit after tax in the financial year 2018 are Rs. 12,417 crores and Rs. 1,568 crores respectively. Today they have approximately 20-25% market share in pre-owned and approximately 7-8% market share in new truck financing, with more than 19,70,000 customers.

Promoters: Shriram Capital Limited

Registered Office: Mookambika Complex, 3rd Floor, No. 4, Lady Desika Road, Mylapore, Chennai, Tamil Nadu- 600 004
Telephone: +91 44 2499 0356

Website: www.stfc.in

Lead Managers to the Shriram Transport Finance NCD Issue
  1. Axis Bank Limited
  2. A. K. Capital Services Limited
  3. Edelweiss Financial Services Limited
  4. JM Financial Limited
  5. Trust Investment Advisors Private Limited
 Shriram Transport Finance NCD Trustee

Catalyst Trusteeship Limited
Address: GDA House, Plot No. 85, Bhusari Colony (Right), Kothrud, Pune – 411038
Telephone: +91 22 4922 0543

Registrar Shriram Transport Finance NCD Issue

Integrated Registry Management Services Private Limited
Address: 2nd Floor, “Kences Towers”, No. 1, Ramakrishna Street, North Usman Road, T. Nagar, Chennai – 600017
Telephone: + 91 44 2814 0801 to 803

Please read the draft prospectus for detailed information of Shriram Transport Finance NCD issue.

Disclaimer: This post is just an information about the scheme. It does not give any advice or recommendation. Investment in securities is subject to market risk. Please read the offer document carefully before investing. It is also advised to consult your financial advisor of necessary suggestions. 

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Tags: #debenture #nonconvertible debenture #bond #Investment #NCD #Shriram Transport Finance

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