Shriram Transport Finance Company Limited NCD
(i) Incorporated in 1979, Chennai based Shriram Transport Finance Company Limited is one of the largest asset financing non-banking finance companies in the organized sector in India that cater to first-time buyers (“FTB“) and small road transport operators (“SRTOs”) for financing pre-owned commercial vehicles. In addition, they provide commercial vehicle finance for new commercial vehicles. It also offers financial services to commercial vehicle operators, thereby providing comprehensive financing solutions to the road logistics industry in India.
(ii) The company has a long track record of over three decades in the commercial vehicle financing industry in India. It is a part of the Shriram group of companies, which has a strong presence in financial services in India, including commercial vehicle financing, consumer finance, life and general insurance, stock broking, chit funds and distribution of financial products, such as life and general insurance products and mutual fund products.
(iii) The company’s widespread network of branches across India has been a key driver of its growth over the years. As of March 31, 2018, it had 1,213 branches across India, including most of the major commercial vehicle hubs along various road transportation routes in India. It has also established its presence in 862 rural centers as of March 31, 2018, with a view towards increasing the market share in the pre-owned commercial vehicle market and reaching out to a relatively newer customer segment in rural areas.
Objective of NCD Shriram Transport Finance Company Limited NCD:
Shriram Transport Finance Company Limited NCD Details:
|Open Date:||Jan 07 2019|
|Close Date:||Jan 31 2019|
|Issue Type:||Fixed Price Issue NCD|
|Issue Size:||₹ 200-500 Cr.|
|Face Value:||₹ 1000 Per NCD|
|Market Lot:||1 NCD|
|Minimum Order Quantity:||10 NCD|
|Year||AUM(Cr)||NIM(Cr)||Gross NPA||Net NPA|
|Year||Current Ratio||Debt/Net Worth||Interest Coverage Ratio|
|Minimum Application||10,000(10 NCDs)|
|Coupon (% per annum) for All Categories||9.12%||9.30%||9.40%||9.50%||9.70%|
Post Tax returns:
Lead Manager of Shriram Transport Finance Company Limited NCD:
- Edelweiss Capital Limited
Registrar of Shriram Transport Finance Company Limited NCD:
- Integrated Registry Management Services Private Limited