Below are the complete details of NCD from Shriram City Union Finance Ltd.

 

 



 SHRIRAM CITY UNION FINANCE LTD

Shriram City Union Finance Limited (“Company”) a part of the Shriram Group is a RBI registered deposit taking NBFC offering i) financing for two wheelers, appliances and other commercial goods, (“Product Finance”), (ii) pre-owned and new vehicle loans, (iii) personal loans, (iv) loans against gold including small enterprise segment loans collateralized by gold, and (v) loans to the small enterprise finance segment. The Company has a track record of more than 25 years in financial services and has established a pan-India presence, with 575 branches and 91 other business outlets as at June 30, 2012, across 17 states in India, with a significant presence in south India.

 

 

Objective of the Issue

 

The funds raised through this Issue will be used to finance company's business operations, lending, investments, repay existing loans, business operations including capital expenditure, working capital requirements, meeting expenses of the Issue.

 

SHRIRAM CITY UNION FINANCE LTD – PUBLIC ISSUE of NCDs Key Points

 

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Nature : Secured Non – Convertible Debentures

Issue Type : Public Issue

Opens : 12th Sept.,12 & Closes on 26th Sept.,12.* with an option for early closure or extension. (Issuer reserves the right to close the issue any time after giving a notice of 1 day).

Issue Size : NCDs aggregating upto Rs. 250 Crores with an option to retain over-subscription upto Rs. 250 Crores for issuance of additional NCDs aggregating to a total of upto Rs. 500 Crores.

Credit Ratings : AA by CARE & AA-/Stable by CRISIL

Interest Rates : Individuals – 11.50% for 36 mths & 11.75% for 60 mths.

Brokers Tie Ups : SBI Capsec, JM Financials & AK Stockmart

Interest Rates : Non – Individuals – 10.60% for 36 mths & 10.75% for 60 mths.

Basis of Allotment : On First Come First Serve Basis

Issuance & Trading : Compulsorily in Dematerialized form

Stock Exchange proposed for Listing : NSE & BSE.

Trading : In De-mat only.

Face Value (Rs/NCD) : Rs.1000

Issue Price (Rs/NCD) : Rs.1000

Depositories : NSDL & CDSL

Tenor : 36 & 60 months

Put & Call Option : None

Frequency of Interest Payment : Annually

Trading Lot : 1 (one) NCD

Minimum Application Size : Rs.10,000/-.

Lead Managers : AK Capital, JM Financials & Edelweiss Financials

Trustee : GDA Trusteeship Limited

 

 

Categories & Basis of Allotment :

Category I – Institutional  – 10% of the Overall Issue Size

Category II – Corporate – 10% of the Overall Issue Size

Category III – HNI / Non Reserved Individual & HUF – 40% of the Overall Issue Size

Category IV – Retail / Reserved Individual & HUF – 40% of the Overall Issue Size

 

 

Who Can invest : Institutional, Corporate – Companies, Trusts, Partnership, Retail / HNI Individuals, HUF. 

Who Cannot Invest :  Minors without a guardian name, Foreign nationals, Persons resident outside India, Non Resident Individuals, Qualified Foreign Investors, Foreign Venture Capital Investors, Persons ineligible to contract under applicable statutory/regulatory requirements, Foreign Institutional Investors; and Overseas Corporate Bodies.

Interest on Application Money : 7.00 % per annum on the amount allotted, for other than ASBA applicants, subject to deduction of income tax under the provisions of the Income Tax Act, 1961, as amended, as applicable, to any applicants to whom NCDs are allotted pursuant to the Issue from the date of realization of the cheque(s)/demand draft(s) or 3 (three) days from the date of receipt of the application (being the date of presentation of each application as acknowledged by the Bankers to the Issue) whichever is later upto one day prior to the Deemed Date of Allotment

Int. on Application Money which is liable to be refunded  : 2.50 % per annum on application money which is liable to be refunded to the applicants, other than ASBA applicants, in accordance with the provisions of the Debt Regulations and/or the Companies Act, or other applicable statutory and/or regulatory requirements, subject to deduction of income tax under the provisions of the Income Tax Act, 1961, as amended, as applicable, from the date of realization of the cheque(s)/demand draft(s) or 3 (three) days from the date of receipt of the application (being the date of presentation of each application as acknowledged by the Bankers to the Issue) whichever is later upto one day prior to the Deemed Date of Allotment.

 

INTEREST PAYMENT DETAILS

 

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FINANCIALS OVERVIEW

 

 

 

 

Most Important :

A Bidding process has been introduced for the first time in Bonds. Only forms where bidding has been done before the cut off time will be considered.

 

You may download FAQ on this NCD from here.

Product note and Term Sheet are also available.

Details of Shriram City Union Finance Ltd – NCD – Starts 12th Sept.,12
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