stfc ncdShriram Transport Finance Company Limited announced its Non covertible debentures (Tranche 2) having issue size Rs. 300 Cr with Green shoe option of Rs.1025 Cr, aggregating up to Rs. 1350 Cr. Shriram Transport NCD Tranche 2 is scheduling from October 15, 2018 – October 29, 2018 with a issue price of Rs. 1,000 per NCD.

Investors can get all important information as Price, Date, Prospectus, Credit Rating, Listing, Maturity, allocation ratio, allotment status, subscription details, application form, Lead Managers and Registrar of the Issue.

Summary Of Issue:

Issuer:- Shriram Transport Finance Company Limited
Issue Open October 15, 2018 – October 29, 2018
Issue Size Rs.300 crores
Green Shoe Option Rs.1050 crores
Total issue Size Rs.1350 crores
Issue Price Rs. 1,000 Per NCD
Face Value Rs. 1,000 Per NCD
Objective
  1. At least 75 % of the proceeds will be utilized for the purpose of onward lending, financing, and for repayment /prepayment of interest and principal of existing borrowings of the Company.
  2. Maximum up to 25% for General corporate purposes.
Nature of Instrument Secured, Rated , Listed Redeemable Non-Convertible Debentures
Minimum Application size Rs 10,000 (10 NCDs) and in multiple of Rs 1,000 thereafter.
Put/Call Option None
Interest on Application Money NA
Security The NCDs proposed to be issued in this Tranche 2 Issue will be secured by way of first ranking pari passu charge, with prior permission of Debenture Trustee in this connection as provided for in the DTD, on the Company’s identified immovable property and first ranking exclusive fixed charge on the Company’s identified receivables, both present and future, for the purposes of maintaining ‘security cover’ Security for the purpose of this Tranche 2 Issue will be created in accordance with the terms of the DTD. The Issuer reserves the right to sell or otherwise deal with the receivables, both present and future, and provided that security cover of one (1.0) time on the outstanding principal amount and interest thereon, is maintained.
Credit Ratings “AA+” by CRISIL Ratings & “AA+” by India Ratings
Listing The NCDs are proposed to be listed on BSE and NSE. The NCDs shall be listed within six Working Days from the date of Tranche 2 Issue Closing Date.
Basis of Allotment “First come First Serve” Basis
Mode of Issue In dematerialized form only

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Specific Terms of Shriram Transport Finance Company NCD – Tranche 2

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 Allocation Ratio of Shriram Transport Finance Company NCD – Tranche 2: (Category Wise)

Category Size
QIB Portion  10% of the Overall Issue Size
Non Institutional Portion  10% of the Overall Issue Size
HNI Portion  40% of the Overall Issue Size
Retail Individual Investor  40% of the Overall Issue Size

 

Company shall allocate and allot Series III NCDs wherein the Applicants have not indicated their choice of the relevant NCD Series

*The initial allottees under Category III and Category IV in the proposed Tranche 2 Issue who are Senior Citizens on the Deemed Date of Allotment shall be eligible for an additional incentive of 0.25% p.a. provided the NCDs issued under the proposed Tranche 2 Issue are continued to be held by such investors under Category III and Category IV on the relevant Record Date for the relevant Interest Payment date for Series I, Series II, Series III, Series IV and/or Series V. Accordingly, the amount payable on redemption to such Senior Citizens for NCDs under series VI and Series VII is Rs.1,318.67 and Rs.1,592.70 per NCD respectively provided the NCDs issued under the proposed Tranche 2 Issue are continued to be held by such investors under Category III and Category IV on the relevant Record Date for the relevant Redemption Payment date for Series VI and Series VII.

On any relevant Record Date, the Registrar and/or our Company shall determine the list of the holder(s) of this Tranche 2 Issue and identify such Investors/ NCD Holders, (based on their DP identification and /or PAN and/or entries in the Register of NCD Holders) and make the requisite payment of additional incentive.

Senior Citizen Applicants making online applications through electronic mode should provide the copy of their PAN card by quoting their Application number, Demat Account number to the Registrar either through email / post / courier, for availing additional incentive applicable for Senior Citizens. Other Senior Citizen Applicants, applying by submitting the application form physically through the Designated Intermediaries at the respective Collection Centres/ SCSBs, should enclose the copy of PAN Card along with their application, for availing additional incentive applicable for Senior Citizens.

 

 Shriram Transport Finance Company NCD Subscription details

Category No.of Bonds/NCDs offered/ reserved No. of Bonds bid for No of times subscribed
Category I
Category II
Category III
Category IV
Total

* will be update after issue opening

 

Download Shriram Transport Finance Company Limited Application Form

 


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Shriram Transport Finance NCD – (Debenture Trustee)

Catalyst Trusteeship Limited**

GDA House, Plot No. 85, Bhusari Colony (Right),

Kothrud, Pune – 411038

Tel: +91 22 4922 0543

Fax: + 91 22 4922 0505

Email: ComplianceCTL-Mumbai@ctltrustee.com

Investor Grievance Email: grievance@ctltrustee.com

Website: www.catalysttustree.com

Contact Person: Mr. Umesh Salvi

SEBI Registration No.: IND000000034

 

Registrar To The Issue:-

Integrated Registry Management Services Private Limited

2 nd Floor, “Kences Towers”, No. 1, Ramakrishna Street,

North Usman Road, T. Nagar, Chennai – 600 017

Tel: + 91 44 2814 0801 to 803

Fax:+91 44 28142479

Email: stfcipo@integratedindia.in

Investor Grievance Email: sureshbabu@integratedindia.in

Website: www.integratedindia.in

Contact Person: Ms. Anusha N / Mr. Sriram S

SEBI Registration No: INR000000544

For More Details Contact us 011-42445800 / 9650901058

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