Shriram Transport Finance Company Ltd NCD July 2019

Shriram Finance

Shriram Transport Finance Company Ltd is offering a NCD for investors, which is open for all investors from 17th July 2019, Wednesday to 16th August 2019,Friday. Promoters intend to raise Rs 300 Crore (Base) & Rs 10,000 Crore (Shelf) through the issue. For other details on Shriram Transport Finance Company Ltd NCD, scroll below

Shriram Transport Finance Company Ltd is a NBFC company. The company is part of  the Shriram Group of Companies, which is one of the leading groups in finance sector. Company has a nationwide presence with 1200+ branches spread across the country. Company has employed 23,800+ people to serve its markets

Shriram Transport Finance Company Ltd was incorporated on 30th June 1979. On 4th September 2000, company received a certificate of registration from RBI for its NBFC business, with a Corporate Identification Numbe L65191TN1979PLC007874 

Shriram Capital Limited is the sole promoter of Shriram Transport Finance Company Ltd

The company is engaged in providing asset financing solutions to road logistic industry. This ranges from First Time Buyers and Small Road Transport Operator in the organized sector

  • The company provides loans for passenger commercial vehicles, multi utility vehicles, three wheeler & tractors
  • Company also provides ancillary equipment and vehicle parts finance loans such as tyres, engines  
  • Company offers its products to retail customers to pre owned commercial vehicle market 

The net proceeds will be used for:

  • 75% of the proceeds would be used for enhancing the loan book of the company by onward lending , financing, and repayment of the borrowings 
  • 25% of the proceeds would be used for general corporate purposes

Issue Details
Issue Open17th July 2019, WednesdayIssue Close16th August 2019, Friday
Issue TypeFixed Price Issue NCDFace Value Rs 1000 Per NCD
Issue PriceRs 1000 Per NCDMinimum order quantity10 NCD
Issue Size ( Base)Rs 300 CroreMarket Lot1
Issue Size ( Shelf)Rs 10000 CroreListing at BSE,NSE
SeriesSeries I to Series XPayment FrequencyMonthly, Annual & Cummulative
Basis of AllotmentFirst Come First Serve basisTenureRanging from 30 months to 84 Month

CARE has given CARE AA+/Stable änd Crisil has given “CRISIL AA+/Stable” Ratings to the Shriram Transport Finance Company Ltd July NCD

A.K. Capital Services Limited, JM Financial Consultants Private Limited & SMC Capitals Limited are managing the IPO of the company

Shriram Transport Finance Company Ltd Mookambika Complex, 3rd Floor, No. 4, Lady Desika Road, Mylapore, Chennai, Tamil Nadu- 600004

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