Shriram Transport Finance (STFC) NCD open from 02 July 2014. Monthly or Yearly Interest option is good for Investor. Senior Citizens shall be entitled to an additional yield at the rate of 0.25% per annum. The Issue has 8 investment options with returns upto 11.50% p.a. The NCD have been rated CARE AA+ by Care rating agency. (Issue Close Early 4 July 2014)
Note : All Debt Issue applications must be bidded before getting submitted with the collection bankers. Kindly ensure to Bid application before Banking.
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[wptabtitle] Product Note[/wptabtitle] [wptabcontent]Issue Highlight –
| Issuer | Shriram Transport Finance Company |
|---|---|
| Type of Instrument | Secured, Redeemable, NCD |
| Issue Open | 02 July 2014 |
| Issue Close | 22 July, 2014 (with option of early closure or extension) |
| Issue Size | 500 Cr. with an option to retain oversubscription of 3000 Cr. |
| Face Value | Rs. 1,000 |
| Min. Application Size | 10 Bonds (Rs.10000) & multiply of 1 NCD thereafter (across all series NCD) |
| Max Retail Application Size | Rs. 5 lakhs |
| Interest | Annually, Monthly & Cummulative |
| Interest on Application Money | 9.00% |
| Mode of Allotment | D'mat as well as Physical Form |
| Rating | AA by CRISIL & AA+ by CARE |
| Listing | NSE/BSE |
Issue Structure –
| Options | I | II | III | IV | |
|---|---|---|---|---|---|
| Tenor | 36 month (3 yrs) | 60 month (5 yrs) | 84 month (7 yrs) | 60 month (5 yrs) | |
| Coupon Rate % | 9.85% | 10.00% | 10.15% | 10.71% | |
| Additional Incentive | 1.15% | 1.25% | 1.35% | nil | |
| Aggregate coupon & add. Incentive | 11.00% | 11.25% | 11.50% | 10.71% | |
| Face Value | 1000 | 1000 | 1000 | 1000 | |
| Maturity | 1000 | 1000 | 1000 | 1000 | |
| Interest Payment | Annual | Annual | Annual | Monthly |
| Options | V | VI | VII | VIII | |
|---|---|---|---|---|---|
| Tenor | 84 month (7 yrs) | 36 month (3 yrs) | 60 month (5 yrs) | 84 month (7 yrs) | |
| Coupon Rate % | 10.94% | n.a. | n.a. | n.a. | |
| Additional Incentive | nil | nil | nil | nil | |
| Aggregate coupon & add. Incentive | 10.94% | n.a. | n.a. | n.a. | |
| Face Value | 1000 | 1000 | 1000 | 1000 | |
| Maturity | 1000 | 1368.02 | 1704.62 | 2143.70 | |
| Yield | 11.50% | 11.00% | 11.25% | 11.50% | |
| Interest Payment | Monthly | Cumulative | Cumulative | Cumulative |
- Monthly option shall be available only to Individuals applying for Allotment of NCDs in demat form only.
- Senior Citizens (only First Allottees) shall be entitled to an additional yield at the rate of 0.25% per annum
- For series VI, VII and VIII, Senior Citizens (only First Allottee) will be paid an aggregate amount of Rs. 1,377.29, Rs. 1,723.87 and Rs. 2,177.70 per NCD, respectively, on the Redemption Date.
- For series IV and V, Senior citizens (only First Allottee) will get a coupon of 10.94% per annum and 11.17% per annum respectively payable monthly.
Cheque Details-
Retail Investor : ” Escrow account STFC NCD VII Public Issue “
Note : Application will be rejected if banked without uploading in the electronic system of the recognized stock exchange. (Bidding process)
Bankers : [/wptabcontent]
[wptabtitle] About Issue[/wptabtitle] [wptabcontent]About the Issuer
STFC is one of largest asset fianancing NBFC, with a primary focus on financing pre-owned commercial vehicles.
The AUM was Rs. 50,119.87 cr as on 31 March 2013 on an unconsolidated basis.
Company Highlights
- One of the largest Indian asset financing NBFC, with total AUM of Rs. 53,834 Crore as of March 31, 2014
- Track record of over 35 years
- Pan-India presence through widespread network of 654 branches
- Total employee strength was 18,122
- Registered as a Deposit taking NBFC with Reserve Bank of India
- Strategic presence in pre-owned and new commercial vehicles (with a focus on First Time Users (FTUs) and Small Road Transport Operators (SRTOs))
- Expertise in valuation and collection
- Low levels of NPAs – Net NPA of 0.84% as on March 31, 2014
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[wptabtitle] Subscription[/wptabtitle] [wptabcontent]
| Cat I | Cat II | Cat III | Cat IV | Total | ||
|---|---|---|---|---|---|---|
| Cat I | Cat II | Cat III | Cat IV | Total | ||
| Issue Size | 300 Cr | 300 Cr | 900 Cr | 1500 Cr | 3000 Cr | |
| 3 July | Subscribe | 10.04 Cr | 0.35 Cr | 1436.60 Cr | 427.25 | 1874.23 |
| No of times | 0.03 | 0.01 | 1.60 | 0.29 | 0.63 | |
| Unsubscribe | 289.97 | 299.65 | 0.00 | 1072.75 | 1125.77 | |
| 2 July 2014 | Subscribe | 10.00 Cr | 0.20 Cr | 1216.36 Cr | 340.34 Cr | 1566.90 Cr |
| No of times | 0.03 | 0.01 | 1.21 | 0.23 | 0.52 | |
| Unsubscribe | 290 Cr | 299.80 Cr | - | 1159.66 Cr | 1433.10 Cr | |
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[wptabtitle] Application[/wptabtitle] [wptabcontent]
Download Form & Submit SBI Capital – Collection Center
Download Form Link
Check here Location for SBICap Securities Ltd – Collection purpose
PROCEDURES TO INVEST IN NCD:
Step 1
Download Application Form
Download Form Link
Check here Location for SBICap Securities Ltd – Collection purpose
Step 2
If Bonds / NCD required in Dmat Format
- Cheque drawn in favour titled a/c for application amount
- Self attested photocopy of pancard of applicant
If Bonds required in Physical Format
- Cheque drawn in favour titled a/c for application amount
- Self attested photocopy of pancard of applicant
- Photocopy of the enclosed cheque
- Self attested photocopy of address proof
Step 3
Allotment of NCD First Come First Serve Basis, so don’t wait for last day of issue. After Issue fully subscribe Issue automatically close 2nd day or 3rd day (short notice).
The Applicant has to submit Application, complete in all respect to Nearest Center in your Location.
- Keep Photocopy of Application Form for your record.
- To record and track the status/allotment of your application form, send us the soft copy Application Form/ Acknowledgement Slip.
- If you send photo copy of your application form we are track your application status and send you mail about Allotment status.
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[wptabtitle]Listing[/wptabtitle] [wptabcontent]
Listing Date : 18 July 2014
Allotment Date : 15 July 2014
Registrar of Issue :
| NCD 2014-15 | Shriram Transport Finance Company |
|---|---|
| Issue Open | 2 July 2014 |
| Issue Close | 4 July 2014 |
| Issue Registrar | Integrated Enterprises India Limited |
| Listing Exchange | BSE |
| Allotment Date | 15 July 2014 |
| Listing Date | 18 July 2014 |
| Interest Payment Date | 15 July & 1 Sep - Every Year |
| Face Value | 1000 |
| Circular Ref. No | BSE - 20140717-6 |
| Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 | |
|---|---|---|---|---|---|---|
| Effective Yild | 11.00% | 11.25% | 11.50% | 11.25% | 11.50% | 11.00% |
| Interest Payment | Annual | Annual | Annual | Monthly | Monthly | NA |
| Period | 36 month | 60 month | 84 month | 60 month | 84 month | 36 month |
| ISIN No | INE 721A07HH0 | INE 721A07HI8 | INE 721A07HJ6 | INE 721A07HK4 | INE 721A07HL2 | INE 721A07HM0 |
| BSE Script | 935128 | 935130 | 935132 | 935134 | 935136 | 935138 |
| Maturity | 15 July 2017 | 15 July 2019 | 15 July 2021 | 15 July 2019 | 15 July 2021 | 15 July 2017 |
| Maturity Amt | 1000 | 1000 | 1000 | 1000 | 1000 | 1368.02 |
| Series 7 | Series 8 | |
|---|---|---|
| Effective Yield | 11.25% | 11.50% |
| Interest Payment | NA | NA |
| Period | 60 month | 84 month |
| ISIN No | INE 721A07HN8 | INE 721A07HO6 |
| BSE Script | 935140 | 935142 |
| Maturity | 15 July 2019 | 15 July 2021 |
| Maturity Amt | 1704.62 | 2143.79 |
Shriram NCD Allotment Listing Details with ISIN No , Script Code, Interest Payment Date etc.
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Application Form & Investment Call : Rajendra 800 775 0904
rajendra@puneinvest.com
Mobile 7719917444
Interest on Application Money 9.00%
what does that mean
If you apply for this ncd as on 2 July 2014 & Your allotment date is 25 July 2014. For Application date to Allotment date period pay you Interest @ 9.00%.