Monday, August 8, 2011

Shriram City Union Finance Limited Secured Non-Convertible Debentures (NCDs)

Public issue by Shriram City Union Finance Limited of Non-Convertible Debentures of face value of Rs.1000 each, (NCDs), aggregating upto Rs.375/- crores with an option to retain over-subscription upto Rs.375/- crores for issuance of additional NCDs aggregating to a total of Rs.750/- crores.

Issue Opens on 11th August, 2011 and closes on 27th August, 2011. Allotment will be made only on 'first come first served' basis.

Shriram City is a premier financial services company, specialising in retail finance. Shriram City finances for Two wheelers, Three Wheelers, Four Wheeler finance (both new & pre-owned passenger and commercial), Personal Loans, Small Business Loans and Loan against gold. It has over 1000 Business Outlets across the country and enjoys a high credit rating, as well as listing on the BSE, NSE & Madras Stock Exchanges.

The Individual Reserved Portion is Rs.450 crores for applications upto Rs.5,00,000 and Individual Unreserved Portion is Rs. 150 crores for applications above Rs.5,00,000

The Face value of NCD is Rs. 1000 and minimum application is Rs.10,000.
Investments can be made in Demat form only and NCDs will be listed at NSE & BSE.


Rating by CARE is ‘CARE AA’ by CARE and by CRISIL is ‘CRISIL AA-/Stable’.

Cheque / DD should be drawn in favouar of ‘Escrow Account SCUF NCD Public Issue’.

Scheme details:
OPTION I - Tenure is for 60 months, Annual interest is 12.10% for applications upto Rs.5 lakhs and 11.85% for applications above Rs.5 lakhs. Put and call option is 48 months and redemption date will be 60 months from the deemed date of allotment.

OPTION II: Tenure is for 36 months, Annual interest is 11.85% for applications upto Rs.5 lakhs and 11.60% for applications above Rs.5 lakhs. No Put and call option and redemption date will be 36 months from the deemed date of allotment.

Redemption amount will be Face Value plus any interest that may accrue on the redemption date.

Link for further details and application download.
http://iepindia.com/IEPPPSS/scufncd_files/v3_document.htm

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