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Shriram City Union Finance Limited (SCUF) is part of the Shriram group of companies (the “Shriram Group”), a prominent financial services conglomerate in India.

SCUF 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.

SCUF specialises in small enterprise finance, which accounted for 57.72 % and 52.87% of its AUM as on March 31, 2019 and March 31, 2018, respectively, as per the Reformatted Consolidated Financial Information under Ind AS.

A significant portion of its AUM also comprises of two-wheeler finance, with such segment accounting for 15.29% and 17.19% of the AUM as on March 31, 2019 and March 31, 2018, respectively, as per the Reformatted Consolidated Financial Information under Ind AS.

SCUF’s total revenue increased to Rs. 6,069.86 crores for Fiscal 2019 from Rs. 5,438.97 crores for Fiscal 2018, at a CAGR of 11.60%, as per the Reformatted Consolidated Financial Information under Ind AS. SCUF’s net profit after tax increased to Rs. 1,005.53 crores for Fiscal 2019 from Rs. 749.30 crores for Fiscal 2018, at a CAGR of 34.20, as per the Reformatted Consolidated Financial Information under Ind AS.

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: Wednesday, Aug 21, 2019
Issue Closes: Thursday, Sep 19, 2019
Coupon Rate 9.85% p.a *
Issue Size Base Issue of Rs. 100 crores with an option to retain oversubscription up to Rs. 900 crores aggregating up to 1,00,00,000 NCDs amounting to Rs. 1,000 crores (“Tranche II Issue Limit”) (“Tranche II Issue”) which is within the shelf limit of Rs. 3,000 crores
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 and ‘CRISIL AA/Stable’ by CRISIL
Mode of Allotment & Trading In Dematerialised Form
QIB 10% of issue size
Non Institutional 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, Edelweiss Financial Services Limited
* Highest yield


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