• Shriram City Union Finance -NCD -11.75% – April 2014

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 

Product Note

Issue Highlight – 
IssuerShriram City Union Finance Ltd
Type of InstrumentSecured, NCD
Issue Open16 April 2014
Issue Close16 May 2014 (with option of early closure or extension)
Issue Size100 Cr. with an option to retain oversubscription of 100 Cr. Total 200 Cr
Face ValueRs. 1,000
Min. Application Size10 Bonds (Rs.10000) & multiply of 1 NCD thereafter (across all series NCD)
Interest Annually, Various Option
Mode of AllotmentD'mat as well as Physical Form
Rating CARE - "AA"
ListingProposed on BSE & NSE
Interest on Application on Amount Allotted7.00% p.a.
Interest on Application on Amount to be refunded2.50% p.a.

Issue Structure -Interest Rate Details for Retail Investor – Cat- III 

OptionsIIIIIIIVVVI
Tenor3 yrs4 yrs5 yrs3 yrs4 yrs5 yrs
Coupon Rate- Cat III11.00%11.50%11.75%---
Face Value100010001000100010001000
Maturity1000+accrued Interest1000+accrued Interest1000+accrued Interest1232.101386.201742.76
Interest PaymentAnnualAnnualAnnualnanana

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

About Issue

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.

 

Subscription

 
Cat ICat IICat IIITotal
Issue Size40.0080.0080.00200.00
Issue Close
21 AprilSubscribe26.6883.25160.172710.10
No of times0.671.042.001.35
13.32-3.25-80.17-70.10

Listing

Shriram NCD Allotment Listing Details with ISIN No , Script Code, Interest Payment Date etc.

NCD - 2014-15Shriram City Union Finance Ltd
Issue Open16 April 2014
Issue Close16 May 2014 (Early close 21 Apr)
Issue RegistrarShriram Insight
Listing ExchangeBSE
Allotment Date03 May 2014
Listing Date07 May 2014
Security Information – Shriram City Union Finance NCD Issue April 2014

Series ISeries IISeries IIISeries IVSeries VSeries VI
COUPON Cat II & III11.00%11.50%11.75%11.00%11.50%11.75%
Period3 yrs4 yrs5 yrs3 yrs4 yrs5 yrs
ISIN NoINE 722A07521INE 722A07539INE 722A047INE 722A07554INE 722A07562INE 722A07570
BSE Script 935042935044935046935048935050935052
BSE Script ID105SCUF161075SCUF17C1085SCUF190SCUF160SCUF170SCUF19
Maturity1000100010001232.101386.201742.76
Maturity Date03/05/201603/05/201703/05/201903/05/201603/05/201703/05/2019
Interest FrequencyAnnualAnnualAnnualMaturityMaturityMaturity

Contact Us for Investment

rajendra@puneinvest.com

Mobile 7719917444