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Incorporated in 1979, Shriram Transport Finance Company Ltd is a leading asset financing non-banking finance companies. The company caters to first-time buyers ('FTB') and small road transport operators ('SRTOs') in the organized sector in India. It provides financing for pre-owned commercial vehicles. In addition, it also provides finance for new commercial vehicles to commercial vehicle operators, thereby providing complete financing solutions to the road logistics industry in India.
The company is a part of the Shriram group of companies, which has a strong presence in financial services in India.
The company has a widespread network of branches across India. It has 1,213 branches across the country, including in most of the major commercial vehicle hubs. It is also building a strong presence in 862 rural centres with a view to increasing the market share in the pre-owned commercial vehicle market.
Shriram Transport has 23,819 employees on its payroll.
| Issue Open | July 17, 2019 - August 16, 2019 |
| Security Name | Shriram Transport Finance Company Ltd |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Issue Size (Base) | Rs 300.00 Crores |
| Issue Size (Shelf) | Rs 10,000.00 Crores |
| Issue Price | Rs 1000 per NCD |
| Face Value | Rs 1000 each NCD |
| Minimum Lot size | 10 NCD |
| Market Lot | 1 NCD |
| Listing At | BSE, NSE |
| Credit Rating | CARE AA+/Stable, CRISIL AA+/Stable |
| Tenor | Annual, Cumulative, and Monthly |
| Series | Series I to Series X |
| Payment Frequency | 30 months/42 months/60 months/84 months |
| Basis of Allotment | First Come First Serve Basis |
Category  |
NCD's Allocated |
|---|---|
| Category 1 | 0% |
| Category 2 | 0% |
| Category 3 | 0% |
| Category |
NCD's Reserved |
|---|---|
| Category 1 | 300,000 |
| Category 2 | 300,000 |
| Category 3 | 1,200,000 |
| Category 4 | 1,200,000 |
| Total NCD's | 3,000,000 |
Series I to Series VIII
| Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 | Series 7 | Series 8 | Series 9 | Series 10 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Frequency of Interest Payment | Monthly | Monthly | Monthly | Annually | Annually | Annually | Annually | Cumulative | Cumulative | Cumulative |
| Tenor | 42 months | 60 months | 84 months | 30 months | 42 months | 60 months | 84 months | 42 months | 60 months | 84 months |
| Coupon Rate | 9.12% | 9.22% | 9.31% | 9.30% | 9.50% | 9.60% | 9.70% | NA | NA | NA |
| Amount on Maturity | Rs 1,000 | Rs 1,000 | Rs 1,000 | Rs 1,000 | Rs 1,000 | Rs 1,000 | Rs 1,000 | 1,374.75 | 1,582.25 | 1,912.80 |
The NCDs proposed to be issued under this Issue have been rated 'CARE AA+; Stable' by CARE Ratings Limited ("CARE") for an amount of up to Rs. 10,00,000 lacs vide its letter dated June
28, 2019, 'CRISIL AA+/Stable' by CRISIL Limited ("CRISIL") for an amount of up to Rs. 10,00,000 lacs vide its letter dated June 26, 2019 and 'IND AA+; Outlook Stable' by India Ratings
and Research Private Limited ("India Ratings") for an amount of up to Rs. 10,00,000 lacs vide its letter dated June 25, 2019. The rating of the NCDs by CARE, CRISIL and India Ratings
indicate that instruments with this rating are considered to have high degree of safety regarding timely servicing of financial obligations and carry very low credit risk.
The Promoter of the company is Shriram Capital Limited.
The Objects Of The Issue are-
1. For the purpose of onward lending, financing, and for repayment/ prepayment of interest and principal of
existing borrowings of the Company; and
2. General corporate purposes.
The Shriram Transport Finance NCD July 2019 was subscribed 1.26 times on August 16, 2019 5:00:00 PM. The NCD subscribed .
| Category ? | Subscription (times) |
|---|---|
| Category 4 | 2.78x |
| Category 3 | 0.32x |
| Category 2 (NII) | 0.21x |
| Category 1 (QIB) | 0.01x |
| Total | 1.26x |
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Shriram Transport Finance Company Ltd
Mookambika Complex, 3rd Floor,
No. 4, Lady Desika Road,
Mylapore, Chennai, Tamil Nadu- 600004
Phone: +91 44 2499 0356
Email: stfcncd8comp@stfc.in
Website: http://www.stfc.in
Integrated Registry Management Services Private Limited
2nd Floor, Kences Towers,
No.1 Ramakrishna street, North Usman Road,TNagar,
Chennai - 600017
Phone: 044 - 28140801 to 28140803
Email: stfcipo@integratedindia.in
Website: https://www.integratedregistry.in/registrarstosta.aspx?od=1
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