Shriram Transport Finance Company Ltd.-NCD

Shriram Transport Finance Company Ltd , a Chennai based company is launching Secured Non Convertible Debenture issue (NCD), from July 26, 2012 with a coupon rate of 10.25% & 10.50% (with yield upto 11.40%) at the issue price of Rs. 1000/- per bond.

The details given in Prospectus dated July 16, 2012 are :  Public Issue by “Shriram Transport Finance Company Ltd” of Secured NCD of face value Rs 1000 each, aggregating up to Rs 30,000 lacs with an option to retain over subscription up to Rs 30,000 lacs for issuance of additional NCDs aggregating to a total up to Rs 60,000 Lacs.

Check Allotment Status

 

Download Application Form

If above link is not working then CLICK HERE

STFC – Checklist & Documentation                                         STFC BANKING MATRIX

Investors are advised to submit application on FIRST DAY as the issue is on First Come First Serve basis

IMPORTANT NOTICE: All Collecting Bankers will accept applications only up to 4.00 p.m. Any Application banked post 4.00 PM will be considered in next day. Banks will affix next days seal on the Applications.
E.g Application Banked on 26th July 2012 will be considered for the same day only if it is banked upto 4.00 PM. All Applications banked after 4.00 PM will bear bank seal of 27th July 2012

ISSUE TIME TABLE
Issue Opening Date	26-Jul-12
Issue Closing Date*	August 10, 2012 , with an option to close earlier and/or extend upto a period as may be determined by the duly authorised committee of Directors of the Company
Deemed Date of Allotment	The Deemed Date of Allotment for the NCDs shall be the date of issue of the Allotment Advice / Regret or such date as may be determined by the Board of the Company and/or a duly authorized committee thereof and notified to the Stock Exchanges. All benefits under the NCDs including payment of interest will accrue to the NCD Holders from the Deemed Date of Allotment. Actual Allotment may occur on a date other than the Deemed Date of Allotment.
Issue Size	Public Issue of NCDs aggregating upto Rs 30,000 lacs with an option to retain over-subscription upto Rs. 30,000 lacs for issuance of additional NCDs aggregating to a total of upto Rs. 60,000 lacs
Instrument	Public Issue of Non-Convertible Debentures
Trustee	IDBI Trusteeship Services Limited
Credit Rating	“CARE AA+“ & “CRISIL AA/Stable”
Depositories	NSDL and CDSL
Interest on Application Money on the amount allotted	@ 9% p.a, 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
Interest on Application Money which is liable to be refunded	@ 2.50% p.a 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,
* The subscription list for the Issue shall remain open for subscription during banking hours for the period indicated above, except that the Issue may close on such earlier date or extended date as may be decided at the discretion of the duly authorised committee of Directors of our Company subject to necessary approvals. In the event of such early closure or extension of the Issue, our Company shall ensure that notice of the same is provided to the prospective investors, on or before such early date of closure or the initial Closing Date, as the case may be, through advertisement/s in a leading national daily newspaper.

Features:

ISSUE INVESTMENT SERIES
Series	I	II	III		IV
Frequency of Interest Payment	Annual	Annual	Not Applicable		Not Applicable
Minimum Application	Rs 10,000/- (10 NCDs) (for all Series of NCDs, namely Series I, Series II, Series III and Series IV either taken individually or collectively) In Multiples of Rs 1,000 (1 NCD)
Face Value of NCDs (Rs/ NCD)	Rs 1,000	Rs 1,000	Rs 1,000		Rs 1,000
Put and call option	None	None	None		None
Redemption Amount (Rs./NCD)	Repayment of the Face Value plus any interest that may have accrued at the Redemption Date	Repayment of the Face Value plus any interest that may have accrued at the Redemption Date	Individuals	Non Individual	Individuals	Non Individual
			1,373.19 per NCD *	1,340.10 per NCD *	1716.15 per NCD*	1647.90 per NCD*
Tenore	Thirty six months	Sixty months	Thirty six months		Sixty months
Redemption Date	Thirty six months from the Deemed Date of Allotment	Sixty months from the Deemed Date of Allotment	Thirty six months from the Deemed Date of Allotment		Sixty months from the Deemed Date of Allotment
Coupon (% per annum) -(A)	10.25%	10.50%	Not Applicable		Not Applicable
Additional Incentive on Coupon (% per annum) on Any Record Date – (B)	0.9% (only to individual)	0.9% (only to individual)	Not Applicable		Not Applicable
Aggregate of Coupon and Additional Incentive on any Record Date (% per annum) = (A) + (B)	11.15% (individual) & 10.25% (non-individual)	11.40% (individual) & 10.50% (non-individual)	Not Applicable		Not Applicable
Effective Yield (% per annum) on any Record Date	11.15% (individual) & 10.25% (non-individual)	11.40% (individual) & 10.50% (non-individual)	11.15% (individual) & 10.25% (non-individual)		11.40% (individual) & 10.50% (non-individual)
* Subject to applicable tax deducted at source, if any.

Note:
All categories of persons who are individuals or natural persons (including Hindu Undivided Families acting through their Karta) including without limitation Non Reserved Individual Investors and Reserved Individual Investors and other individuals who are eligible under applicable laws to hold the NCDs are collectively referred to as “Individuals”. All categories of entities, associations, organizations, societies, trusts, funds, partnership firms, bodies corporate, statutory and/or regulatory bodies and authorities and other forms of legal entities who are NOT individuals or natural persons and are eligible under applicable laws to hold the NCDs including without limitation Institutional Investors and Non Institutional Investors are collectively referred to as “Non Individuals”

APPLICATIONS CANNOT BE MADE BY:

• Minors without a guardian name;
• Foreign nationals;
• Persons resident outside India including without limitation any Foreign Institutional Investors, Non Resident Indians, Qualified Financial Institutions and Overseas Corporate Bodies.

UNDER SUBSCRIPTION
If there is any under subscription in any Portion, priority in allotments will be given in the following order (in decreasing order of priority):

• (i) Reserved Individual Portion
• (ii) Non Reserved Individual Portion
• (iii) Non Institutional Portion
• (iv) Institutional Portion

OVER SUBSCRIPTION:
In case of an oversubscription, allotments to the maximum extent, as possible, will be made on a first-come first-serve basis and thereafter on proportionate basis in each Portion, i.e. full allotment of NCDs to the applicants on a first come first basis up to the date falling 1 (one) day prior to the date of oversubscription and proportionate allotment of NCDs to the applicants on the date of oversubscription (based on the date of presentation of each application to the Bankers to the Issue, in each Portion).

To get important investment updates Enter your email HERE
DID YOU LIKE THIS POST? Share This ->

Tags: JUly 2012, NCD, shriram transport NCD

Category: Blog, Fixed Deposit