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Shriram City Union Finance NCD Issue Nov-2013 To Open On Nov 25,2013


Shriram City Union Finance Limited – part of shriram Group have come up with NCD issue of Rs.200 Crore (Rs.100 crore with option to retain over subscription of Rs.100 Crore aggregating up to Rs.200 Crore).

Shriram City Union Finance Ltd is engaged in vehicle financing,personal loan,Gold loans ,small business loans and  retail financing.

Details of shriram city NCD Nov 2013 are as follows:

Imp Dates:

  1. Issue open date:25-11-2013
  2. Issue close date:24-12-2013.

Investor Categories:

  1. Category I : Institutional investors.
  2. Category II : Non-institutional investors.
  3. Category III : High Networth Individuals – HNI i.e. applying for more than Rs.5 Lakh.
  4. Category IV : Retail Individual Investors – Applying for Rs.5 lakh or less amount.

Interest Rates – HNIs & Retail Individual Investors:

Series Tenure –

Months

Interest Rate per annum Interest payment frequency
I 36 11.00 Annual
II 48 11.25 Annual
III 60 11.50 Annual
IV 36 11.00 Cumulative
V 48 11.25 Cumulative
VI 60 11.50 Cumulative
VII 60 11.25 Interest payment annual but NCDs Redeemable in equal tranches at end of 36 months,48 months and 60 months.

Security : NCD issue is secured – company have offered 100% security cover on outstanding amount any time during tenure of NCD in the form of immovable assets and future receivables of company.

Credit Rating : AA from CARE.

Profit Record of Shriram city Union Finance Limited:

Profit – Loss record of company for last 05 years:

Year ended Profit After Tax – Crores
March 2009 128.88
March 2010 194.65
March 2011 240.73
March 2012 351.19
March 2013 449.62

Profit for last 02 quarters in current financial year:

Quarter ended Profit after tax-PAT – in Crores
June 2013 117.42
Sept-2013 127.20

Financial number presented by company are good for last five years and looks to be a good issue to invest for smaller period.

 

 


Category: Fixed Income

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