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Shriram Transport Finance Company Limited was incorporated in the year 1979 and is registered as a Deposit taking NBFC with Reserve Bank of India under section 45IA of the Reserve Bank of India Act, 1934.

They are a part of the "SHRIRAM" conglomerate which has significant presence in financial services viz., commercial vehicle f inancing business, consumer f inance, life and general insurance, stock broking, chit funds and distribution of financial products such as life and

STFC decided to finance the much neglected Small Truck Owner. Shriram understood the power of ‘Aspiration’ much before marketing based on ‘Aspiration’ became fashionable. Shriram started lending to the Small Truck Owner to buy new trucks. But we found a mismatch between the Aspiration and Ability. The Truck Operator was honest but the Equity at his command was not sufficient to support the credit levels required to buy a new truck.

Shriram Transport Finance Company Ltd NCD - Issue Details:

Issuer Shriram Transport Finance Company Ltd (View Report)
Issue Type Secured Redeemable Non-Convertible Debentures
Issue Period Issue Opens: Monday, October 15, 2018
Issue Closes: Monday, October 29, 2018
Coupon Rate 9.70% p.a *
Issue Size(Rs.) Public Issue by the Company of 3,00,000 NCDs of face value of Rs 1,000 aggregating Up to 300 Crores with an option to retain over-subscription up to upto Rs 1050 crores aggregating up to Tranche 2 issue limit of Rs.1350 crorers
Face Value Rs.1000 per NCD
Minimum Application Size 10,000 (10 NCDs) and in multiple of Rs. 1,000 (1 NCD) thereafter across all Series
Credit Rating AA+/Stable by CRISIL and India Ratings
Trading The trading of the NCDs on the floor of the Stock Exchanges shall be in dematerialized form only
QIB 10% of overall issue size
Corporate 10% of overall issue size
HNI 40% of overall issue size
Retail Individual 40% of overall issue size
Mode of Submission of Application Forms Through ASBA only
Listing BSE & NSE
Depositories NSDL & CDSL
Debenture Trustee Catalyst Trusteeship Limited
Registrar Integrated Registry Management Services Private Ltd
Book Running Lead Managers A. K. Capital, Axis Bank, JM Financial, Trust Investment, Edelweiss Financial
* Highest yield


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