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Jul 18, 2012

Shriram Transport Finance Company Ltd - Secured Non-Convertible Debentures - July 2012



Shriram Commercial Vehicle Finance
Shriram Transport Finance Company Ltd (STFC) is coming up with the public issue of Secured Non-Convertible Debentures aggregating upto Rs.300 Crores with an option to retain over-subscription upto Rs.300 Crores. The issue is scheduled to open from 26th of July 2012.

About STFC:
  • India's largest player in commercial vehicle finance, established in the year 1979.
  • One of the largest asset financing NBFCs in India with a niche presence in financing pre-owned trucks and Small Truck Owners (STOs). 
  • Widespread network with a large customer base - Has a network of 488 branches and service centres 
  • Strategically expanded marketing and customer origination network by entering into partnership and co-financing arrangements with private financiers
  • Strong brand name, Strong presence in Financial Services, Property Development, Engineering Projects and Information Technology
  • High Credit Rating – “AA” by CRISIL & “AA-“ by CARE
  • Exhibiting Strong Financial Growth
Key Financials:
Particulars
As on 31st March
2012
2011
2010
PBT
1957.50
1837.55
1324.57
PAT
1308.75
1217.12
873.10
EPS
57.83
53.82
38.72
 
Key Features of the NCD:
  • Time of issue: Issue opens on 26th July, 2012 and closes on 10th August,2012. 
  • Who can apply -  All individuals who are investing less than 5 lacs can apply either through dmat or in physical form. All individuals applying for 5 lacs and above need to have  valid dmat account.
  • Retail Applicant cam also apply for NCD in Physical Mode 
  • Additional Coupon for Retail & HNI category of Investors. 
  • Allotment of Bonds will be on first cum first serve basis. 
  • Listing - Proposed to be listed on BSE & NSE. Minimum subscription - Rs. 1, 0000 (10 NCDs & in multiples of Rs. 1,000).
  • Tenor – 36 & 60 Months 
  • Interest Payment –Annual & Cumulative both options available 
  • Interest Rates  -  For annual option Rates for 3 year is 10.25 and for 5 year is 10.50. 
    On record date which is 15 days prior to the Interest payment date, whosoever is holding the debentures in registrar record, will get 11.15 for 3 years and 11.40 For 5 years tenure. In cumulative option rates remain 11.15 and 11.40 respectively.  
  • All cheques should be in the name of “ Escrow Account STFC NCD Public Issue “ and deposited in specified bank branches Of the banks as mentioned in the application form. This should not be deposited in our local STFC a/c. See application form.

    View Detailed Terms of the Issue: Click Here


    Reserved Individual Investor:
    Those investors who apply for NCDs aggregating to a value not more than Rs.5 Lakhs, across all series of NCDs.
    Security: Secure NCDs,Security cover of immovable asset of equivalent amount to be provided by the company.
    Interest Rates for Reserved Category
    Series I II III IV
    Tenure 36 Months 60 Months 36 Months 60 Months
    Frequency Annual payout Annual payout Cumulative Cumulative
    Net Interest Rates For Individuals 11.15 % payable per annum 11.40% interest payable per annum. 11.15% Compounded per annum 11.40% Compounded Per annum.
    Face Value Rs.1000/- Rs.1000/- Rs.1000/- Rs.1000/-
    Put/Call Option None None None No
    • Minimum application amount is Rs.10,000/- .
    • Documents: Self attested Pan Card for demat mode and Self attested address proof / pan card if opted for physical mode.
    • Individuals who invest below Rs.5 lakh can opt for demat as well physical mode.

    For more details get in touch with us, just fill up the Enquiry form Click Here or To apply Kindly indicate your interest on by Calling us at 0-9818269396, or email at info@safeinvestindia.com. We shall send you the Soft / Hard copy of application forms 

Contact Us

Email: info@safeinvestindia.com | Phone: 0-981-826-9396 | Fill Inquiry Form Click Here

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