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Thursday, July 26, 2012

Shriram Transport Finance Company Ltd. (STFC) NCD opens today



STFC is again hitting the market with its Non Convertible Debenture issue to raise Rs. 300 crore with a green shoe optionof Rs. 300 crore.


Salient Features
Face Value
Rs. 1,000
Issue Price
Rs. 1,000
Issue Size
Rs. 600 crore (inclusive of the green shoe option)
Issue Period
26/7/2012-10/8/2012
Rating
CRISIL:AA/stable, CARE: AA+
Listing
BSE,NSE
Market Lot
1 NCD
Mode of Allotment
Dematerialized form (only Reserved individual investor can opt in the physical form)
Minimum Application
Rs. 10,000 or 10 NCDs for all categories either taken individually or collectively

Objects of the Issue
·         for new lending
·         repayment of the existing loans
·         expansion of rural centers to 400


Issue Details

Series
1
2
3
4
Interest payment
Annually
Annually
cumulative
cumulative
Face value
Rs. 1,000
Rs. 1,000
Rs. 1,000
Rs. 1,000
Issue Price
Rs. 1,000
Rs. 1,000
Rs. 1,000
Rs. 1,000
Put/Call option
NA
NA
NA
NA
tenor
36 months
60 months
36 months
60 months
Coupon rate
11.15 %
11.4 %
NA
NA
Yield
NA
NA
11.15%
11.4%

To know more about the company plz. read the analysis of previous NCD issue here.

Ps:

  1. application forms can be downloaded from stfc.in 
  2. 80% of the issue is reserved for individual investors- 40% for the investors applying up to Rs. 5 lakh and remaining 40 % for the investment above Rs. 5 lakh 

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