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Shriram Transport Finance Company Ltd is a part of the Shriram group of companies, which has a strong presence in financial services in India, including commercial vehicle financing, consumer finance, life and general insurance, stock broking, chit funds and distribution of financial products, such as life and general insurance products and mutual fund products.

Company was established in 1979 and it has a long track record of over three decades in the commercial vehicle financing industry in India. The Company has been registered as a deposit-taking NBFC with the Reserve Bank of India (RBI) since 4 September 2000 under Section 45IA of the Reserve Bank of India Act, 1934.

Company is one of the largest asset financing non-banking finance companies in the organised sector in India that cater to first time buyers (“FTB”) and small road transport operators (“SRTOs”) for financing preowned commercial vehicles. In addition, It provides commercial vehicle finance for new commercial vehicles. It is among the leading NBFCs in the organised sector for the commercial vehicle industry in India for FTBs and SRTOs.

Gross NPAs as a percentage of Total Loan Assets as per IGAAP were 6.19 %, 8.17% and 9.16% as of March 31, 2016, March 31, 2017 and March 31, 2018, respectively on a standalone basis, while its Net NPAs as a percentage of Net Loan Assets were 1.91%, 2.66 % and 2.83% as of March 31, 2016, March 31, 2017 and March 31, 2018 respectively on a standalone basis.

Shriram Transport Finance Company Limited NCD - Issue Details:

Issuer Shriram Transport Finance Company Limited (View Report)
Issue Type Secured Redeemable Non-Convertible Debentures
Issue Period Issue Opens: Wednesday, Jul 17, 2019
Issue Closes: Friday, Aug 16, 2019
Coupon Rate 9.70% p.a *
Issue Size Base Issue of Rs. 300 Crores with an option to retain oversubscription aggregating up to Rs. 10,000 Crores (“Tranche I Issue Limit”) (“Tranche I Issue”), which is the Shelf Limit
Face Value Rs. 1,000 per NCD
Minimum Application Size 10 NCDs (Rs. 10,000) and in the multiple of One NCD thereafter
Credit Rating ‘CARE AA+; Stable’ by CARE, ‘CRISIL AA+/Stable’ by CRISIL and ‘IND AA+: Outlook Stable’ by India Ratings
Mode of Allotment & Trading In Dematerialised Form
QIB 10% of issue size
Corporate 10% of issue size
HNI 40% of issue size
Retail Individual 40% of issue size
Listing NSE and BSE
Depositories NSDL & CDSL
Registrar Integrated Registry Management Services Private Limited
Book Running Lead Managers JM Financial Limited, A. K. Capital Services Limited and SMC Capitals Limited
* Highest yield


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