Incorporated in 1979, Shriram Transport Finance Company Ltd is a leading asset financing non-banking finance companies. The company caters to first-time buyers (“FTB”) and small road transport operators (“SRTOs”) in the organized sector in India. It provides financing for pre-owned commercial vehicles. In addition, it also provides finance for new commercial vehicles to commercial vehicle operators, thereby providing complete financing solutions to the road logistics industry in India.
The company is a part of the Shriram group of companies, which has a strong presence in financial services in India.
The company has a widespread network of branches across India. It has 1,545 branches across the country, including in most of the major commercial vehicle hubs. It is also building a strong presence in 838 rural centres with a view to increasing the market share in the pre-owned commercial vehicle market.
Shriram Transport has 26,630 employees on its payroll.
Shriram Transport Finance NCD Jan 2020 Detail
| Issue Open | Jan 6, 2020 – Jan 22, 2020 |
| Security Name | Shriram Transport Finance Company Ltd |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Issue Size (Base) | Rs 200.00 Crores |
| Issue Size (Shelf) | Rs 10,000.00 Crores |
| Issue Price | Rs 1000 per NCD |
| Face Value | Rs 1000 each NCD |
| Minimum Lot size | 10 NCD |
| Market Lot | 1 NCD |
| Listing At | BSE, NSE |
| Credit Rating | CARE AA+ /Stable, IND AA+ /Stable, CARE AA+ /Stable |
| Tenor | Annual, Cumulative, and Monthly |
| Series | Series I to Series VIII |
| Payment Frequency | 3 Years/5 Years/7 Years |
| Basis of Allotment | First Come First Serve Basis |
Coupon rates for series 1 to 8
| � | Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 | Series 7 | Series 8 |
|---|---|---|---|---|---|---|---|---|
| Frequency of Interest Payment | Monthly | Monthly | Monthly | Annually | Annually | Annually | Cumulative | Cumulative |
| Tenor | 3 Years | 5 Years | 7 Years | 3 Years | 5 Years | 7 Years | 3 Years | 5 Years |
| Coupon Rate | 8.52% | 8.66% | 8.75% | 8.85% | 9.00% | 9.10% | NA | NA |
| Amount on Maturity | Rs 1,000 | Rs 1,000 | Rs 1,000 | Rs 1,000 | Rs 1,000 | Rs 1,000 | Rs 1,289.99 | Rs 1,539.35 |
NCD Rating Detail
The NCDs proposed to be issued under this Issue have been rated ‘CARE AA+; Stable’ by CARE Ratings Limited (“CARE”) for an amount of up to ? 10,00,000 lacs vide its letter dated June 28, 2019, and revalidated by its letter dated December 18, 2019, ‘CRISIL AA+/Stable’ by CRISIL Limited (“CRISIL”) for an amount of up to ? 10,00,000 lacs vide its letter dated June 26, 2019, and revalidated by its letter dated December 12, 2019, and ‘IND AA+; Outlook Stable’ by India Ratings and Research Private Limited (“India Ratings”) for an amount of up to ? 10,00,000 lacs vide its letter dated June 25, 2019, and revalidated by its letter dated December 11, 2019. The rating of the NCDs by CARE, CRISIL and India Ratings indicate that instruments with this rating are considered to have a high degree of safety regarding timely servicing of financial obligations and carry very low credit risk.
Company Promoters:
The Promoter of the company is Shriram Capital Limited.
Objects of the Issue:
The Objects Of The Issue are-
- For the purpose of onward lending, financing, and for repayment/ prepayment of interest and principal of
existing borrowings of the Company; and - General corporate purposes.
Registrar & Company Details
| Company Contact Information | Shriram Transport Finance NCD Jan 2020 Registrar |
| Shriram Transport Finance Company Ltd Mookambika Complex, 3rd Floor, No. 4, Lady Desika Road, Mylapore, Chennai, Tamil Nadu- 600004 Phone: +91 44 2499 0356 Email: stfcncd8comp@stfc.in Website: http://www.stfc.in | Integrated Registry Management Services Private Limited 2 nd Floor, Ramakrishna Street, North Usman Road, T. Nagar, Chennai – 600 017 Phone: + 91 44 2814 0801 to 803 Email: stfc.ncd2019@smccapitals.com Website: http://www.integratedindia.in/ |
