Tuesday, August 27, 2019

9.86% Shriram City NCD August 2019 Issue Dates, Rating & Interest Rates

Shriram City is coming up with Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) and/or Unsecured Subordinated Non-Convertible Debentures (Unsecured NCDs). The subscription to start from 21th August 2019. Shriram City will offer 9.86% interest rates on the NCDs. Shriram City is based in Chennai incorporated in 1986. As a part of Shriram Group company is a deposit-taking non-banking financial company (NBFC). The company listed in Madras Stock Exchange (MSE). The NCDs tenure will be for 24 months, 36 months and 60 months.

Shriram City NCD Issue Details:
  • NCD Issue Open: 21 August 2019
  • NCD Issue Close: 19 September 2019
  • NCD Issue Size: Rs.100 Crore
  • Price Band: Rs.1000
  • Interest Rate: Upto 9.86% ** (Annually)
  • Minimum Investment: 10 Bonds (Rs 10,000)
  • Maximum Investment: 1,000 Bonds (Rs 10,00,000)
  • Listing: BSE
Shriram City NCD Issue Rating:
  • CRISIL Ratings: CRISIL AA/Stable
  • CARE Ratings: CARE AA+ Stable
Shriram City NCD Issue Listing:
  • NCD Bonds will be list on BSE.
Shriram City NCD Issue Promoters:
  • Shriram Capital Limited
How to Apply Shriram City NCD Issue?
You can apply from your existing demat account online and offline. You can apply via downloading form from the official website and filling up all the details with the cheque of said amount. You can submit it to the collection centres.
Shriram City NCD (August 2019) Issue Tenure & Interest Rates: Details
24 Months-9.54%9.55%
36 Months9.70%9.69%9.70%
60 Months9.86%9.84%9.85%

Shriram City NCD Lead Manager:

  • A.K. Capital Services Limited
  • Edelweiss Capital Limited
Shriram City NCD (August 2019) Allotment Status:
NCD Registrar:
Integrated Registry Management Services Private Limited
2 nd Floor,
Ramakrishna Street, North Usman Road,
T. Nagar, Chennai - 600 017
Phone: + 91 44 2814 0801 to 803
Email: scuf@integratedindia.in
Website: http://www.integratedindia.in/

Company Information:
Shriram City Union Finance Limited
123, Angappa Naicken Street,
Chennai- 600 001, Tamil Nadu
Phone: + 91 44 4392 5300
Email: sect@shriramcity.in
Website: https://www.shriramcity.in/