Shriram City comes with NCD Issue

September 11, 2012   ·   0 Comments

 

For the ones who are disappointed with the offered by the bank and looking for safe bets which can yield you better fixed returns, then Shriram City is for you.

 Brief Introduction of Shriram City: 

Shriram City Union Finance Limited is a deposit-accepting NBFC registered with RBI, offering

(i)              financing for two wheelers, appliances and other commercial goods, (“Product Finance”),

(ii)             pre-owned and new vehicle loans,

(iii)            personal loans,

(iv)            loans against gold including small enterprise segment loans collateralized by gold, and

(v)             loans to the small enterprise finance segment.

 

In the small loan segment (loans of Rs.1 lacs -10 lacs) SCUF has a dominant share of 95%. SCUF also leads the total Indian micro, small and medium enterprises market with 53 % share. As a part of the Shriram Group companies, it 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, as well as a growing presence in other businesses such as property development, engineering projects and IT.

 

Finance of SCUF: SCUF has capital adequacy ratio as at March 31, 2012 was 17.40 %, compared to the RBI stipulated minimum requirement of 15.00%. The total income increased from Rs. 62,399.78 lacs in fiscal 2008 to Rs. 2,05,641.43 lacs in fiscal 2012 at a CAGR of 34.74 %. Also the net profit after tax increased from Rs. 8,763.50 lacs in fiscal 2008 to Rs. 34,253.12 lacs in fiscal 2012, at a CAGR of 40.61 %.

 

 

Issue details: Issuer/ Borrower Shriram City Union Finance Limited
Issue Schedule Opening: 12th September 2012, Closing: 26th September 2012
Nature of Issue/

Issue Size

Public Issue by of Secured Non-Convertible Debentures aggregating upto ` 25,000 lacs with an option to retain over-subscription up to ` 25,000 lacs for issuance of additional NCDs aggregating to a total of up to ` 50,000 lacs
Credit Rating ‘C_A_R_E_ _A_A_’ _b_y_ _C_ARE, ‘C_R_I_S_I_L_ _A_A_-/_S_t_a_b_l_e_’ _b_y_ _C_R_I_S_I_L_ _
Issuance & Trading Compulsorily in Dematerialized form
Minimum Application `10,000 (or 10 N_C_D_’s_)_ _
Listing/ Trading Lot Proposed to be listed on NSE and BSE/ One NCD
Lead Managers JM Financial Institutional Securities Pvt. Ltd., AK Capital Services Pvt. Ltd, Edelweiss Financial Services Limited
Registrar Integrated Enterprises (India) Limited
Cheque/ DD details All cheques/ bank drafts should be crossed “A_/_c_ _P_a_y_e_e_ _o_n_l_y_” _and “E_s_c_r_o_w_ _A_c_c_o_u_n_t_ _S_C_U_F_ _N_C_D_ _P_u_b_l_i_c_ _I_s_s_u_e_” _

  

Check out this link to know the latest interest rate offered by post office and other schemes:

 Best Interest Rate in India:

Shriram City NCD Issue

 

Verdict: In the falling interest rate scenario, we gives a thumbs up to the issue which is providing a secure high fixed interest rate. You can get in touch with us in case you want to apply for this NCD issue.

You can refer this link to know more about financial planning and power of Regular Savings:Power of Regular Savings 

Rajesh Singla

Rajesh is the founder & CEO of Stockssavvy, Stocks analyst,financial advisor by choice,software engineer by fate,biker,gamer,cricket lover n enthusiastic person. He believes in doing things not just to get by but to get Ahead...

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