Shriram City Union Finance (SCUF) NCD Issue open from 16 April 2014. Issue size of Rs. 100 Cr. With an option to retain over- Subscription upto Rs. 100 Cr., aggregating to a total up to Rs. 200 Cr.
Allotment -First Come First Serve Basis . Issue Closing Date depend upon subscription if issue subscribe early then issue close 1day short notice Otherwise Last date of Issue Close 16 May 2014. Early close 21 Apr 2014
Note : All Debt Issue applications must be bidded before getting submitted with the collection bankers. Kindly ensure to Bid application before Banking. Approximate date for Allotment 2 – 5 May 2014
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[wptabtitle] Product Note[/wptabtitle] [wptabcontent]Issue Highlight –
| Issuer | Shriram City Union Finance Ltd |
|---|---|
| Type of Instrument | Secured, NCD |
| Issue Open | 16 April 2014 |
| Issue Close | 16 May 2014 (with option of early closure or extension) |
| Issue Size | 100 Cr. with an option to retain oversubscription of 100 Cr. Total 200 Cr |
| Face Value | Rs. 1,000 |
| Min. Application Size | 10 Bonds (Rs.10000) & multiply of 1 NCD thereafter (across all series NCD) |
| Interest | Annually, Various Option |
| Mode of Allotment | D'mat as well as Physical Form |
| Rating | CARE - "AA" |
| Listing | Proposed on BSE & NSE |
| Interest on Application on Amount Allotted | 7.00% p.a. |
| Interest on Application on Amount to be refunded | 2.50% p.a. |
Issue Structure -Interest Rate Details for Retail Investor – Cat- III
| Options | I | II | III | IV | V | VI |
|---|---|---|---|---|---|---|
| Tenor | 3 yrs | 4 yrs | 5 yrs | 3 yrs | 4 yrs | 5 yrs |
| Coupon Rate- Cat III | 11.00% | 11.50% | 11.75% | - | - | - |
| Face Value | 1000 | 1000 | 1000 | 1000 | 1000 | 1000 |
| Maturity | 1000+accrued Interest | 1000+accrued Interest | 1000+accrued Interest | 1232.10 | 1386.20 | 1742.76 |
| Interest Payment | Annual | Annual | Annual | na | na | na |
Cheque Details-
Retail Investor : ” “
Note : Application will be rejected if banked without uploading in the electronic system of the recognized stock exchange. (Bidding process)
Who can not Apply
- Minors without a guardian name
- Individuals or entities that are not resident in India and
- Person ineligible to contract under applicable statutory / regulatory requirement
Source : Prospectus Dated March 24, 2014 [/wptabcontent]
[wptabtitle] About Issue[/wptabtitle] [wptabcontent]About the Issuer
- Deposit taking NBFC with multiple product lines, including loans to the small enterprise finance segment, loan against gold, financing for two wheelers, appliances and other commercial goods, pre owned & new vehicle loans and personal loans.
- Part of the Shriram Group, which has a strong presence in financial services in India
- Total Income increased to 3083.01 Cr for the financial year 2013 from 1323.44 cr. for the financial year 2011, at a CAGR 52.63% SCUF net profit after tax increased to Rs. 449.61 crore for the financial year 2013 from Rs. 240.59 crores for the financial year 2011, at a CAGR of 36.70%
- Net NPA as a percentage of net loans assets were 0.66% and 0.81% as of Sep 30,2013 & Mar 31, 2013.
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[wptabtitle] Subscription[/wptabtitle] [wptabcontent]
| Cat I | Cat II | Cat III | Total | |||
|---|---|---|---|---|---|---|
| Issue Size | 40.00 | 80.00 | 80.00 | 200.00 | ||
| Issue Close | ||||||
| 21 April | Subscribe | 26.68 | 83.25 | 160.17 | 2710.10 | |
| No of times | 0.67 | 1.04 | 2.00 | 1.35 | ||
| 13.32 | -3.25 | -80.17 | -70.10 |
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[wptabtitle]Listing[/wptabtitle] [wptabcontent]
Shriram NCD Allotment Listing Details with ISIN No , Script Code, Interest Payment Date etc.
| NCD - 2014-15 | Shriram City Union Finance Ltd |
|---|---|
| Issue Open | 16 April 2014 |
| Issue Close | 16 May 2014 (Early close 21 Apr) |
| Issue Registrar | Shriram Insight |
| Listing Exchange | BSE |
| Allotment Date | 03 May 2014 |
| Listing Date | 07 May 2014 |
| Series I | Series II | Series III | Series IV | Series V | Series VI | |
|---|---|---|---|---|---|---|
| COUPON Cat II & III | 11.00% | 11.50% | 11.75% | 11.00% | 11.50% | 11.75% |
| Period | 3 yrs | 4 yrs | 5 yrs | 3 yrs | 4 yrs | 5 yrs |
| ISIN No | INE 722A07521 | INE 722A07539 | INE 722A047 | INE 722A07554 | INE 722A07562 | INE 722A07570 |
| BSE Script | 935042 | 935044 | 935046 | 935048 | 935050 | 935052 |
| BSE Script ID | 105SCUF16 | 1075SCUF17C | 1085SCUF19 | 0SCUF16 | 0SCUF17 | 0SCUF19 |
| Maturity | 1000 | 1000 | 1000 | 1232.10 | 1386.20 | 1742.76 |
| Maturity Date | 03/05/2016 | 03/05/2017 | 03/05/2019 | 03/05/2016 | 03/05/2017 | 03/05/2019 |
| Interest Frequency | Annual | Annual | Annual | Maturity | Maturity | Maturity |
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rajendra@puneinvest.com
Mobile 7719917444
