NCD Shriram Transport Issue Dt 16 July 13
Shriram Transport Finance Company Ltd of Secured NCD of face value Rs 1000 each, aggregating up to Rs 375 crores with an option to retain over subscription up to Rs 375 crores for issuance of additional NCDs aggregating to a total up to Rs 750 crores
Allotment of Bonds will be on First-cum- first – serve Basis[wptabs style=”wpui-blue” mode=”horizontal”] [wptabtitle] Product Note[/wptabtitle] [wptabcontent]Issue Highlight
|Issuer||Shriram Transport Finance Co. Ltd|
|Issue Open||16 July 2013|
|Issue Close||29 July 2013|
|Issue SIze||Public Issue of NCDs aggregating upto Rs. 375 Crores with an option to retain over-subscription upto Rs. 375 Crores for issuance of additional NCDs aggregating to a total of upto Rs. 750 Crores|
|Face Value||Rs. 1000|
|Credit Rating||CRISIL AA/Stable & CARE AA+|
|Minimum Application||Rs. 10,000/- (10 NCDs) (for all Series of NCDs, namely Series I, Series II, Series III, Series IV and Series V either taken individually or collectively)|
Series I Individual / HUF Non Individual Coupon 10.90 % ( 9.65+ 1.25 Incentive) 9.65 % Tenor 36 Month 36 Month Interest Frequency Annual Annual
Series II Individual / HUF Non Individual Coupon 11.15 % ( 9.80 + 1.25 Incentive) 9.80 % Tenor 60 Month 60 Month Interest Frequency Annual Annual
Series III Individual / HUF Non Individual Coupon 10.63 % ( 9.40 + 1.23 Incentive) 9.40 % Tenor 60 Month 60 Month Interest Frequency Monthly Monthly
Series IV Individual / HUF Non Individual Coupon 10.90 % 9.65 % Tenor 36 Month 36 Month Interest Frequency N/A N/A Maturity Value 1364.33 1318.67
Series V Individual / HUF Non Individual Coupon 10.90 % 9.65 % Tenor 60 Month 60 Month 50 % Maturity @ end of 48 month 763.37 726.93 50 % Maturity @ end of 60 month 848.48 798.17 Total Maturity Amount 1611.85 1525.10
Shriram Transport Finance Company (STFC) is the largest Indian asset financing NBFC*. , with a primary focus on financing pre‐
owned commercial vehicles.
The AUM was Rs. 50,119.87 crores (comprising Assets Under Management in the books of our Company of Rs. 31,967.98 crores, and loan assets securitized and assigned of Rs. 18,151.88 crores) as on March 31, 2013 on an unconsolidated basis.
Over the past three decades, STFC has achieved success in reaching its objective of offering the common man with a host of products and services that would be helpful to him on his path to prosperity. The current NCD issue will help us enhance our lending capacity and further our objective.
Also due to our large Balance Sheet size it is pertinent from a long term business growth perspective that we are able to diversify our lenders base, so that we are able to borrow money from a variety of investor classes at a competitive cost.
Q. What is Face Value of Issue?
Ans . The NCD will be issued at face value of Rs. 1000/- per NCD.
Q. What is minimum Application size for Investment ?
Ans . – An investor need to apply for minimum Rs. 10000/- ot 10 NCD & multiples of Rs. 1000 or 1 NCD
Q. Is there any reservation for Retail Investor ?
Ans. Yes, Individual Investors in this issue have been classified under two categories, Retail Ind. Investor (investment upto 5 lakh) and HNI (investment above Rs. 5 lakhs).
50 % of the issue id reserved for Retail Investor & 30 % for HNI’s .
Q. Is Dmat Account is necessary to invest in these bonds ?
Series I , II , IV & V – allotted Physical Form & D’mat form (both Option)
Series III – Compulsorily in D’mat Form only[wptabtitle]Download[/wptabtitle] [wptabcontent] Download
STFC NCD as on 22-07-2013 at 11.00 a.m.
|COLLECTION FIGURES WITH AND WITHOUT GREENSHOE OPTION|
|Rs. In Crs||Received (NCDs)||Rs. In Crs||Subscription||Subscription|
|Rs.375 Crs||Rs.750 Crs|
|1 Institutional Investors (10%)||375000||37.5||4917||0.49||0.01||0.01|
|II Non Institutional Investors 10%)||375000||37.5||23845||2.38||0.06||0.03|
|III High Net-worth Individuals (HNIs) (30%)||1125000||112.5||2273019||227.30||2.02||1.01|
|IV Retail Investors (50%)||1875000||187.5||4169455||416.95||2.22||1.11|
Allotment – Link
Listing Date : 7 Aug. 2013
Annexure I – Security details
|Security Description||Series I||Series II||Series III||Series IV||Series V|
|No. of Sec||2639737||2988457||590172||611917||528621|