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