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Company Background

Shriram City Union Finance (Shriram City) was established in 1986, and is part of the three decade-old Shriram Group. As a deposit-accepting non-banking financial company (NBFC), Shriram City is today India’s premier financial services company specializing in retail finance. The Consumer Finance business of the group had its origins from the needs of the Chit Funds customers and was started in year 2002 as a separate business unit, Shriram City Union Finance Ltd. Shriram City has a comprehensive range of offerings comprising finance for Two Wheelers and Three Wheelers, Four Wheeler Finance (both new and pre-owned passenger and commercial vehicles), Personal Loans, Small Business Loans, and Loan against Gold. This has made Shriram City a dominant player in the _eld and the only NBFC to offer such a wide range of products under one roof. With over 1000 Business Outlets across India, Shriram City is listed on the BSE, NSE, Madras Stock Exchanges and enjoys a high credit rating. Shriram City Union Finance leverages on the Shriram Group’s ecosystem to reach out to prospective customers and Shriram City Union Finance’s customer base over the years has significantly comprised of customers of other entities in the Shriram Group.

Issue Details

Issue opens April 5, 2019
Issue closes May 3, 2019
Allotment First Come First Serve Basis
Face Value Rs. 1000 per NCD
Issue Price Rs. 1000 per NCD
Nature of Instrument Secured Redeemable Non-Convertible Debentures
Minimum Application Rs.10,000 (10 NCD)
Registrar Integrated Registry Management Services Private Limited
Listing BSE
Rating “CARE AA+ Stable” by CARE and “CRISIL AA/Stable” by CRISIL
Issue Size Base Issue of Rs. 100 Crores with an option to retain oversubscription up
to Rs. 650 Crores for issuance of additional NCDs aggregating up to Rs. 750 Crores.

Effective Yield

Series Frequency of
Interest Payment
Tenor Coupon rate (%
per annum)
Effective Yield
(per annum)
(Approx.)
Amount on
Maturity (₹)
I Annual 24 months 9.55% 9.55% Rs.1,000.00
II Cumulative 24 months NA 9.55% Rs.1,200.15
III Annual 36 months 9.65% 9.64% Rs.1,000.00
IV Monthly 36 months 9.26% 9.65% Rs. 1,000.00
V Cumulative 36 months NA 9.65% Rs.1,318.70
VI Annual 60 months 9.75% 9.74% Rs.1,000.00
VII Monthly 60 months 9.35% 9.75% Rs.1,000.00
VIII Cumulative 60 months NA 9.75% Rs.1,593.15

Issue Break Up

Category Allocation Amount in Crs.
Base Issue Total Issue
QIB 10% 10 75
Corporate 10% 10 75
HNI 40% 40 300
Retail 40% 40 300
Total 100% 100 750
  • Note – * Persons resident outside India and other foreign entities are not allowed
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