Shriram Transport Finance NCD Jan 2020 description – Shriram Transport Finance was established in 1979 and has been registered as a deposit-taking NBFC with the Reserve Bank of India (RBI) since 4 September 2000. The company is one of the largest asset financing non-banking finance companies in the organized sector in India that cater to first time buyers (FTB) and small road transport operators (SRTOs) for financing preowned commercial vehicles. In addition, it provides commercial vehicle finance for new commercial vehicles. It is among the leading NBFCs in the organized sector for the commercial vehicle industry in India for FTBs and SRTOs.
It also provides 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, construction equipment finance and provide working capital facility for FTBs and SRTOs and a range of personal loans. The company offers financial services to commercial vehicle operators, thereby providing comprehensive financing solutions to the road logistics industry in India.
The company has a widespread network of 1,545 branches across India as of 31 March 2019. These branches cover most of the major commercial vehicle hubs along various road transportation routes in India. The company has also established presence in 838 rural centres with a view towards increasing its market share in the pre-owned commercial vehicle market and reaching out to a relatively newer customer segment in rural areas. As of 31 March 2019, the total number of its employees was 26,630.
Promoters of Shriram Transport Finance Limited – Shriram Capital Limited
Shriram Transport Finance NCD Jan 2020 details
| Subscription Dates | 6 – 22 January 2020 |
| Security Type | Secured, Redeemable, Non-Convertible Debentures |
| Face Value | INR1,000 per NCD |
| Issue Price | INR1,000 per NCD |
| Issue Size (base) | INR200 crore |
| Issue Size (including oversubscription) | INR1,200 crore |
| Minimum Lot size | 10 NCDs |
| Market Lot | 1 NCD |
| Tenor | 3 years 5 years 7 years |
| Credit Rating | CRISIL AA+/Stable CARE AA+/Stable IND AA+/ Outlook Stable |
| Category Reservation | Category 1 (QIB): 10% Category 2 (NII): 10% Category 3 (HNI): 40% Category 4 (RII): 40% |
| Basis of Allotment | First Come First Serve |
| Listing On | BSE, NSE |
Shriram Transport Finance NCD Jan 2020 – Options and Coupon Rates
| Option | Tenure | Interest Payment | Coupon Rate /Effective Yield | Maturity Amount |
| Series 1 | 3 years | Monthly | 8.52% | INR1,000 |
| Series 2 | 5 years | Monthly | 8.66% | INR1,000 |
| Series 3 | 7 years | Monthly | 8.75% | INR1,000 |
| Series 4 | 3 years | Annually | 8.85% | INR1,000 |
| Series 5 | 5 years | Annually | 9.00% | INR1,000 |
| Series 6 | 7 years | Annually | 9.10% | INR1,000 |
| Series 7 | 3 years | Cumulative | 8.85%* | INR1,289.99 |
| Series 8 | 5 years | Cumulative | 9.00%* | INR1,539.35 |
* represent effective yield as there is no coupon rate
Registrar of Shriram Transport Finance NCD
Integrated Registry Management Services Private Limited
2nd Floor, “Kences Towers”
No. 1, Ramakrishna Street
North Usman Road
T. Nagar, Chennai – 600 017
Phone: +91 44 2814 0801
Email: [email protected]
Website: www.integratedindia.in
Shriram Transport Finance NCD Documents
Draft Prospectus
Tranche 2 Red Herring Prospectus
Shriram Transport Finance Contact Details
Shriram Transport Finance Company Limited
Mookambika Complex, 3rd Floor
No. 4, Lady Desika Road, Mylapore
Chennai, Tamil Nadu- 600 004
Phone: +91 44 2499 0356
Email: [email protected]
Website: www.stfc.in
Shriram Transport Finance NCD Jan 2020 Subscription Status (no. of times)
| Category 1 (QIB) | Category 2 (NII) | Category 3 (HNI) | Category 4 (RII) | Total | |
| 22 Jan 2020 | 0.00 | 0.06 | 0.37 | 2.23 | 1.05 |
| 21 Jan 2020 | 0.00 | 0.06 | 0.30 | 2.10 | 0.97 |
| 20 Jan 2020 | 0.00 | 0.06 | 0.28 | 2.05 | 0.94 |
| 17 Jan 2020 | 0.00 | 0.5 | 0.26 | 1.79 | 0.83 |
| 16 Jan 2020 | 0.00 | 0.05 | 0.25 | 1.72 | 0.79 |
| 15 Jan 2020 | 0.00 | 0.05 | 0.24 | 1.65 | 0.76 |
| 14 Jan 2020 | 0.00 | 0.05 | 0.21 | 1.58 | 0.72 |
| 13 Jan 2020 | 0.00 | 0.05 | 0.20 | 1.52 | 0.69 |
| 10 Jan 2020 | 0.00 | 0.04 | 0.19 | 1.38 | 0.63 |
| 9 Jan 2020 | 0.00 | 0.03 | 0.16 | 1.25 | 0.57 |
| 8 Jan 2020 | 0.00 | 0.03 | 0.14 | 1.10 | 0.50 |
| 7 Jan 2020 | 0.00 | 0.03 | 0.08 | 0.79 | 0.35 |
| 6 Jan 2020 | 0.00 | 0.02 | 0.07 | 0.50 | 0.23 |
Shriram Transport Finance NCD Jan 2020 Allotment Status
Shriram Transport Finance NCD January 2020 allotment status will be updated at the website of IntegratedIndia. Click on this link to get the allotment status.
