FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
|
Issue Open | April 5, 2019 |
Issue Close | May 3, 2019 |
Issue Size (Base) | ₹750.00 Crores |
Issue Size (Shelf) | ₹3,000.00 Crores |
Issue Price | ₹1000 per NCD |
Listing At | BSE |
Note that the public issue of NCD is closed early in case it is fully subscribed (base + shelf) before its issue closing day.The allotment is done on a First Come First Serve Basis.
Bid/Offer Opens On | April 5, 2019 |
Bid/Offer Closes On | May 3, 2019 |
Record Date | |
Deemed Date of Allotment |
Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 | Series 7 | Series 8 | |
---|---|---|---|---|---|---|---|---|
Frequency of Interest Payment | Annually | Cumulative | Annually | Monthly | Cumulative | Annually | Monthly | Cumulative |
Tenor | 24 months | 24 months | 36 months | 36 months | 36 months | 60 months | 60 months | 60 months |
Coupon Rate (Retail) | 9.55% | NA | 9.65% | 9.26% | NA | 9.75% | 9.35% | NA |
Amount on Maturity | Rs 1,000 | Rs 1,200.15 | Rs 1,000 | Rs 1,000 | Rs 1,318.70 | Rs 1,000 | Rs 1,000 | Rs 1,593.15 |
Note that the Shelf issue is an option to retain oversubscription up to shelf issue size over and above the base issue.
You could check Shriram City Union Finance Limited NCD Grey Market Premium (GMP Rate) by visiting our Grey Market Price (Message Board).
Note that there is no official source of GMP Rate as they are over-the-counter transactions.
The NCDs proposed to be issued under the Issue have been rated 'CARE AA+ Stable' (Double A Plus; Outlook: Stable) by CARE and 'CRISIL AA/Stable' (pronounced as CRISIL double A rating with Stable outlook) by CRISIL for an amount of upto 30,000 million vide their letters dated December 11, 2018 (and revalidated on February 14, 2019) and December 6, 2018 (and revalidated on February 19, 2019) respectively. The rating of the NCDs by CARE and CRISIL are considered to have a high degree of safety regarding timely servicing of financial obligations. Such instruments carry very low credit risk.
Useful Articles
Rs 0 Account Opening Fee
Free Eq Delivery & MF
Flat ₹20 Per Trade in F&O
FREE Intraday Trading (Eq, F&O)
Flat ₹20 Per Trade in F&O
|