Shriram Transport Finance Company Limited Profile:
Shriram Transport Finance Company is a part of the “SHRIRAM” company which has a major presence in monetary providers was established within the year 1979 and is registered as a Deposit-taking NBFC with Reserve Bank of India. They’re among the many main organized finance suppliers for the industrial car business. Together with passenger industrial autos, multi-utility autos, three wheelers, tractors, and development tools. They’re an end to end supplier of finance options to the home highway logistics business.
At Shriram Finance, credit-worthiness of the Small Truck Proprietor has all the time been an article of religion. This religion has guided firm journey from pioneering days in financing Small Truck Homeowners to the current day management. Shriram Transport Finance Firm chief in Truck Finance and likewise India’s largest Asset Based Mostly Non-Banking Finance Firm.
The target of STFC was to arrange the widespread man a number of services that might be helpful to him on his path to prosperity. It’s estimated that 80% of vans within the nation are within the arms of people. The amenities that Shriram Finance gives are worthwhile car financing enterprise, buyer finance, life insurance coverage, normal insurance coverage, inventory broking, chit funds, distribution of monetary merchandise and units of mutual funds.
Shriram Transport Finance Company Limited NCD Details:
Issue Period: 7 January 2019 to 31 January 2019
Issue Size: Public Issue of up to 70,00,000 Secured Redeemable Non-Convertible Debentures amounting to Rs. 20,000 Lakhs (“Base Issue Size”) with an option to retain oversubscription up to Rs. 50,000 Lakhs aggregating up to Rs. 70,000 Lakhs.
Security Type: Secured Redeemable Non-Convertible Debentures
Price: Rs 1000
Face Value: Rs 1000
Market Lot: 1 (one) Bond
Minimum Application Value: 10 (Ten) NCDs (Rs. 10,000) either taken individually or collectively across all series of NCDs and in multiple of 1 NCD
IPO Market Timings: 10.00 a.m. to 5.00 p.m.
Name of the Registrar: Integrated Registry Management Services Private Limited
Lead Managers: Axis Bank Limited, A.K Capital Services Limited, Edelweiss Financial Services Limited, JM Financial Limited and Trust Investment Advisors Private Limited