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Shriram City Union Finance Limited – NCD Issue Sept 2012


Shriram City Union Finance Limited – Issue Of Secured, Non Convertible debentures September 2012.

Shriram City Union Finance – Part of Shriram Group, started its operations in 1986.Business activities include vehicle financing incuding two,three, foue wheelers new,preowned or commercial,,Personal Loans,Small Business loans and loan against Gold.

Credit Rating - CARE AA & CRISIL AA-. Stable Rating.

Issue Size – NCD issue of Rs.250 Crore with an option to retain oversubscription of Rs. 250 crore ,total aggragating Rs. 500/- crore.

  • Issue Open Date - Sept 12, 2012.
  • Issue Close Date - Sept 26, 2012.
  • Issuance – Only in dmat mode.So interested investors need to have a demat account to invest in this issue.
  • Face Value – Rs.1000/-.
  • Min Application amount – Rs.10,000/-.

Interest Rates for Individuals:

Series I II III IV
Tenure 36 months 60 Months 36 Months 60 Months
Interest Payment Frequency Annual Annual Cumulative Mode Cumulative Mode
Coupon rate % 10.60 10.75 N.A N.A
Additional Incentive % 0.90 1.00 NA NA
Effective Rate Of Interest 11.50 11.75 11.50 11.75
Call / Put Options NA NA NA NA
Redemption Amount[Rs] 1000/- 1000/- 1386.20/- 1743.30/-

Allocation ratio:

  1. Institutional Category – 10%.
  2. Non-Institutional category – 10%.
  3. Non-Reserved Individuals [Individuals applying for more than 5 lakh]- 40%.
  4. Reserved Individual Category[Individuals applying for less than 5 lkah] – 40%.

Still there is confusion in the mind,whether additional incentive of 0.90% or 1% is available for investors investing more than 5 lakh or not i.e for non-reserved category individuals.

For previous few issues additional interest rate benefit was available for investors investing upto Rs. 5 lakh only.Confusion is because word is used as individual & non-individual.If any one have clarity in this regard,please let us know.

 

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Category: Fixed Income

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4 Responses

  1. Sachin Juneja says:

    Hi,

    I have received by Invoice of SCUF NCD, Please share how to confirm in which Option my NCD have been alloted. I have invested below 1 lakh.

  2. status of SCUF NCD 2012 says:

    I am not getting allotment status of recent SCUF NCD 2012
    sahasrabudhe

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