Shriram Transport Finance Company Limited was incorporated in the year 1979 and is registered as a Deposit taking NBFC with Reserve Bank of India under section 45IA of the Reserve Bank of India Act, 1934.

They are a part of the “SHRIRAM” conglomerate which has significant presence in financial services viz., commercial vehicle f inancing business, consumer f inance, life and general insurance, stock broking, chit funds and distribution of financial products such as life and general insurance products and units of mutual funds.

STFC decided to finance the much neglected Small Truck Owner. Shriram understood the power of ‘Aspiration’ much before marketing based on ‘Aspiration’ became fashionable. Shriram started lending to the Small Truck Owner to buy new trucks. But we found a mismatch between the Aspiration and Ability. The Truck Operator was honest but the Equity at his command was not sufficient to support the credit levels required to buy a new truck.

Shriram Transport Finance Company Limited NCD - Issue Details:

Issuer Shriram Transport Finance Company Limited (View Report)
Issue Type Secured Redeemable Non-Convertible Debentures
Issue Period Issue Opens: Monday, January 07, 2019
Issue Closes: Thursday, January 31, 2019
Coupon Rate 9.70% p.a *
Issue Size Public Issue of secured, redeemable non-convertible debentures of face value of Rs. 1,000 each, for an amount of Rs. 200 Crores (Base Issue Size) with an option to retain over-subscription up to Rs. 500 Crores aggregating up to Tranche 3 issue limit of Rs. 700 Crorers
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 CRISIL AA+/Stable by CRISIL
IND AA+ by India Ratings and Research
Mode of Allotment and Trading 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 and NSE
Depositories NSDL & CDSL
Registrar Integrated Registry Management Services Private Limited
Book Running Lead Managers Edelweiss Financial, Axis Bank, A.K. Capital, JM Financial & Trust Investment
* Highest yield




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