* For NCD holders who are Individuals - Options III, V & VIII for 84 months.
| Issue Opens | Wednesday, July 02, 2014 | Minimum Application | 10 NCDs (Rs. 10,000) across all series taken individually or collectively |
| Issue Closes | Tuesday, July 22, 2014 | Effective Yield for NCD Holders who are individual in Category I, II, III & IV |
11.00% (p.a) for Option I & VI 11.25% (p.a) for Option II, IV & VII 11.50% (p.a) for Option III, V & VIII |
| Issue Price | Rs. 1,000/- per NCD | Effective Yield for NCD Holders who are Non-individual in Category I, II, III & IV |
9.85% (p.a) for Option I & VI 10.00% (p.a) for Option II & VII 10.15% (p.a) for Option III & VIII |
| Listing | BSE & NSE | Credit Ratings | CRISIL AA/Stable by CRISIL CARE AA+ by CARE |
Shriram Transport Finance Company Limited (STFC) is the one of the largest Indian asset financing NBFC, with a primary focus on financing pre-owned commercial vehicles. In addition it also provides commercial vehicle finance for new commercial vehicles. It is amongst the leading financing institutions in the organized sector for the commercial vehicle industry in India for FTUs and SRTOs. STFC also provides financing for passenger commercial vehicles, multi-utility vehicles, three wheelers and tractors. In addition, It provides ancillary equipment and vehicle parts finance, such as loans for tyres and engine replacements, and provide working capital facility for FTUs and SRTOs. It also provides ancillary financial services targeted at commercial vehicle operators such as freight bill discounting and also market cobranded credit cards targeted at commercial vehicle operators in India, thereby providing comprehensive financing solutions to the road logistics industry in India.
| Issue Opens | Wednesday, July 02, 2014 |
| Issue Closes | Tuesday, July 22, 2014 |
| Issue Price | Rs. 1,000/- per NCD |
| Face Value | Rs. 1,000/- per NCD |
| Minimum Application | Rs. 10,000 (10 NCDs) across all series taken individually or collectively |
| Credit Rating | CRISIL AA/Stable by CRISIL CARE AA+ by CARE |
| Listing On | BSE & NSE |
| Registrar | Integrated Enterprises (India) Limited |
| Effective Yield for NCD Holders who are individual in Category I, II, III & IV |
11.00% (p.a) for Option I & VI 11.25% (p.a) for Option II, IV & VII 11.50% (p.a) for Option III, V & VIII |
| Effective Yield for NCD Holders who are Non-individual in Category I, II, III & IV |
9.85% (p.a) for Option I & VI 10.00% (p.a) for Option II & VII 10.15% (p.a) for Option III & VIII |
Allotment is on First Come First Serve Basis
| Options/Series | I | II | III | IV | V |
| Tenor | 36 months | 60 months | 84 months | 60 months | 84 months |
| Issue | Issue of NCDs for an amount of Rs. 50,000 lacs with an option to retain oversubscription upto the Shelf Limit, i.e. upto Rs. 3,00,000 lacs | ||||
| Frequency of Interest Payment | Annual | Annual | Annual | Monthly* | Monthly* |
| Minimum Application | 10 NCDs i.e. Rs. 10,000/- (across all series taken individually or collectively) | ||||
| In Multiples of | 1 NCD after the minimum Application | ||||
| Face Value /Issue Price of NCDs (Rs. / NCD) | Rs. 1,000 | ||||
| Coupon (% per annum) | 9.85% | 10.00% | 10.15% | 10.71%*** | 10.94%*** |
| Additional Incentive on coupon (% per annum) for Individual | 1.15% | 1.25% | 1.35% | Nill | Nill |
| Aggregate of Coupon and Additional Incentive on any Record Date (% per annum) for Individual | 11.00% | 11.25% | 11.50% | 10.71% | 10.94% |
| Aggregate of Coupon and Additional Incentive on any Record Date (% per annum) for Non-Individual | 9.85% | 10.00% | 10.15% | NA | NA |
| Redemption Amount for NCD Holders ( Rs./ NCD) | Repayment of the Face Value plus any interest at the applicable Coupon that may have accrued at the Redemption Date plus Additional Incentive as may be applicable for Individual NCD Holders | ||||
| Effective Yield for NCD Holders who are individual in Category I, II, III & IV** | 11.00% | 11.25% | 11.50% | 11.25% | 11.50% |
| Effective Yield for NCD Holders who are Non-individual in Category I, II, III & IV** | 9.85% | 10.00% | 10.15% | NA | NA |
| Security | The principal amount of the NCDs to be issued in terms of the Shelf Prospectus and respective Tranche Prospectus(es) together with all interest due on the NCDs in respect thereof shall be secured by way of first charge in favour of the Debenture Trustee on an identified immovable property and specific future receivables of our Company as may be decided mutually by our Company and the Debenture Trustee. Our Company will create appropriate security in favour of the Debenture Trustee for the NCD Holders on the assets adequate to ensure 100% asset cover for the NCDs (along with the interest due thereon), which shall be free from any encumbrances. | ||||
| Mode of Payment of Interest and/or Redemption of NCDs | Through Various options available | ||||
| Deemed Date of Allotment | The Deemed Date of Allotment for the NCDs shall be the date on which the duly authorized committee of the Board of Directors constituted by resolution of the Board dated April 29, 2014 approves the allotment of NCDs and as mentioned on the Allotment Advice/regret or such date as may be determined by the Board of our Company and/or a duly authorized committee thereof and notified to the Stock Exchanges. All benefits under the NCDs including payment of interest will accrue to the NCD Holders from the Deemed Date of Allotment. Actual credit of NCDs to the beneficiary account of the holder of NCD may occur on a date other than the Deemed Date of Allotment. | ||||
| Pay-in date | The date of Application. The entire Application Amount is payable on Application. | ||||
* 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 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.
Click here to download the prospectus of this NCD Issue.
| Categories | Allocation Ratio | Basis of allocation incase of over subscription | |
| Category I (Institutional Category) |
|
10% of Overall Issue Size | On first-come-first-serve basis |
| Category II (Non-Institutional Category) |
|
10% of Overall Issue Size | On first-come-first-serve basis |
| Category III (HNI Category) |
|
30% of Overall Issue Size | On first-come-first-serve basis |
| Category IV (Retail Category) |
|
50% of Overall Issue Size | On first-come-first-serve basis |
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