Company is a part of the Shriram group of companies (the “Shriram Group”), a prominent financial services conglomerate in India. It is a deposit-taking NBFC with multiple product offerings, including small enterprise/MSME financing, loans against gold,financing for two-wheelers, auto loans, personal loans, and housing finance loans.

Company specialized in small enterprise finance, which accounted for 52.76%, 50.96% and 49.80% of its AUM as on March 31, 2018, March 31, 2017 and March 31, 2016, respectively. A significant portion of its AUM also comprises of two-wheeler finance, with such segment accounting for 17.22%, 15.77% and 16.28% of its AUM as on March 31, 2018, March 31, 2017 and March 31, 2016, respectively. For the six-month period ended September 30, 2018, small enterprise finance and two-wheeler finance segments accounted for 57.88% and 17.75% of Company’s AUM, respectively, on a standalone basis.

Company also provides loans against gold, auto loans, personal loans and housing f inance loans. Having commenced operations in 1986, it has established a pan-India presence, through 1,057 branches as of December 31, 2018 and remains committed to serving unbanked and underserved sections of its customer-base.

Shriram City Union Finance Limited NCD - Issue Details:

Issuer Shriram City Union Finance Limited (View Report)
Issue Type Secured Redeemable Non-Convertible Debentures
Issue Period Issue Opens: Friday, April 05, 2019
Issue Closes: Friday, May 03, 2019
Coupon Rate 9.75% p.a *
Issue Size Base Issue of Rs. 100 Crores with an option to retain oversubscription up to Rs. 650 Crores for issuance of additional NCDs aggregating up to Rs. 750 Crores.
Face Value Rs.1,000 per NCD
Minimum Application Size Rs.10,000 (10 NCDs) and in multiple of Rs.1,000 (1 NCD) thereafter across all Series
Credit Rating “CARE AA+ Stable” by CARE and “CRISIL AA/Stable” by CRISIL
Mode of Allotment & Trading Traded compulsorily 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 BSE
Depositories NSDL & CDSL
Registrar Integrated Registry Management Services Private Limited
Book Running Lead Managers A. K. Capital Services Limited and Edelweiss Financial Services Limited
* Highest yield




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