* Effective yield p.a for category III (HNI) and Category IV (Retail) - Series III & VI.
| Issue Opens | Monday, November 25, 2013 | Minimum Application | 10 NCDs (Rs. 10,000) across all series of NCDs |
| Issue Closes | Tuesday, December 24, 2013 | Effective Yield (Category III & IV) |
11.00% per annum for Series I & IV 11.25% per annum for Series II, V & VII 11.50% per annum for Series III & VI |
| Issue Price | Rs. 1000/- per NCD | Credit Ratings | 'CARE AA' by CARE |
Shriram City Union Finance Ltd. are a deposit-taking NBFC with multiple product lines, including loans to the small enterprise finance segment; loans against gold; financing for two wheelers, appliances and other commercial goods (referred to herein as “Product Finance”); pre-owned and new vehicle loans and personal loans. We are the market leader in the small loan segment with an estimated market share of 41.6% in fiscal 2013 (Source: Analysis of the MSME Small Loan Credit Market for NBFCs in India, June 2013 by Frost & Sullivan). We are part of the Shriram Group of companies (the “Shriram Group”), a financial services conglomerate in India.
We believe we are India’s premier financial services company specializing in small enterprise finance, which accounted for 40.33%, 29.39%, 24.42% and 48.98% of our assets under management for the financial years 2013, 2012, 2011 and six months ended September 30, 2013, respectively. Since commencing operations in 1986, we have established a pan-Indian presence, through 1,021 business outlets as of September 30, 2013. We cater to the financing needs of our small enterprises and retail customers, which constitute a significant part of our customer base.
| Issue Opens | Monday, November 25, 2013 |
| Issue Closes | Tuesday, December 24, 2013 |
| Issue Price | Rs. 1000/- per NCD |
| Face Value | Rs. 1000/- per NCD |
| Minimum Application | 10 NCDs (Rs. 10,000) across all Series of NCDs |
| Rating | 'CARE AA' by CARE |
| Listing On | BSE and NSE |
| Registrar | Shriram Insight Share Brokers Limited |
| Effective Yield (Category III & IV) |
11.00% per annum for Series I & IV 11.25% per annum for Series II, V & VII 11.50% per annum for Series III & VI |
Allotment is on First Come First Serve Basis
| Series | I | II | III | IV | V | VI | VII |
| Frequency of interest payment | Annual | Annual | Annual | - | - | - | Annual |
| Minumum Application | 10 NCDs (Rs. 10,000) across all Series of NCDs, either taken individually or collectively | ||||||
| Face Value | Rs. 1.000/- per NCD | ||||||
| Mode of interest payment** | Through various options available | NA | NA | NA | Through various options available | ||
| Coupon rate (%) for NCD Holders in Category I | 10.75% | 10.75% | 10.75% | - | - | - | 10.75% |
| Coupon rate (%) for NCD Holders in Category II | 10.75% | 10.75% | 10.75% | - | - | - | 10.75% |
| Coupon rate (%) for NCD Holders in Category III | 11.00% | 11.25% | 11.50% | - | - | - | 11.25% |
| Coupon rate (%) for NCD Holders in Category IV | 11.00% | 11.25% | 11.50% | - | - | - | 11.25% |
| Effective yield (p.a) for NCD Holders in Category I | 10.75% | 10.75% | 10.75% | 10.75% | 10.75% | 10.75% | 10.75% |
| Effective yield (p.a) for NCD Holders in Category II | 10.75% | 10.75% | 10.75% | 10.75% | 10.75% | 10.75% | 10.75% |
| Effective yield (p.a) for NCD Holders in Category III | 11.00% | 11.25% | 11.50% | 11.00% | 11.25% | 11.50% | 11.25% |
| Effective yield (p.a) for NCD Holders in Category IV | 11.00% | 11.25% | 11.50% | 11.00% | 11.25% | 11.50% | 11.25% |
| Tenure | Thirty six months | Forty eight months | Sixty months | Thirty six months | Forty eight months | Sixty months | Sixty months |
| Redemption amount (per NCD) | Repayment of the face value plus any interest that may have accrued at the Redemption Date. | For Category I & II NCD Holders: Rs. 1,358.41 per NCD** For Category III & IV NCD Holders: Rs. 1,367.63 per NCD** | For Category I & II NCD Holders: Rs. 1,504.44 per NCD** For Category III & IV NCD Holders: Rs. 1,531.79 per NCD** | For Category I & II NCD Holders: Rs. 1,667.17 per NCD** For Category III & IV NCD Holders: Rs. 1,723.35 per NCD** | For all Categories of NCD Holders, the face value of the Series VII NCDs is repayable in three equal tranches, of 33.33% of the face value of the Series VII NCDs each, which will be paid at the end of 36 months, 48 months and sixty months from the Deemed Date of Allotment, respectively. # | ||
| Record Date | 15 (fifteen) days prior to the relevant interest payment date or relevant Redemption Date for NCDs | 15 (fifteen) days prior to the Redemption Date for NCDs | 15 (fifteen) days prior to the relevant interest payment date or relevant Redemption Date for NCDs | ||||
| Security | The principal amount of the NCDs to be issued in terms of this Prospectus together with all interest due on the NCDs, as well as all costs, charges, all fees, remuneration of the Debenture Trustee and expenses payable in respect thereof shall be secured by way of first and exclusive charge in favour of the Debenture Trustee on an identified immovable property and specified future receivables of our Company, as may be decided mutually by our Company and the Debenture Trustee. | ||||||
** Subject to applicable taxes deducted at source, if any.
# The face value of the Series VII NCDs, as at each stage of redemption, as detailed herein, shall be payable together with any interest at the applicable interest rates for each Category of NCD Holders which may have accrued on the date of such redemption.
Click here to download the prospectus of this NCD Issue.
Issuer |
Shriram City Union Finance Limited |
| Issue Size | Rs. 10,000 lakhs. |
| Option to retain oversubscription | Upto Rs. 10,000 lakhs for issuance of additional NCDs. |
| Stock Exchanges proposed for listing of the NCDs | BSE & NSE |
| Trading lot | 1 (one) NCD |
| Depositories | NSDL and CDSL |
| Security | The principal amount of the NCDs to be issued in terms of this Prospectus together with all interest due on the NCDs, as well as all costs, charges, all fees, remuneration of the Debenture Trustee and expenses payable in respect thereof shall be secured by way of first and exclusive charge in favour of the Debenture Trustee on an identified immovable property and specified future receivables of the Company, as may be decided mutually by the Company and the Debenture Trustee. |
| Rating | 'CARE AA' from CARE. |
| Issue Schedule * | The Issue shall be open from November 25, 2013 to December 24, 2013 The Issue shall remain open for subscription from 10:00 a.m. till 5:00 PM (Indian Standard Time) for the period mentioned above, with an option for early closure or extension by such period as may be decided by the Board of Directors or a duly constituted committee thereof. In the event of such early closure or extension of the subscription list of the Issue, the Company shall ensure that public notice of such early closure is published on or before the day of such early date of closure through advertisement/s in at least one leading national daily newspaper. |
| Pay-in date | Date of application. |
| Deemed Date of Allotment | The date of issue of the Allotment Advice, or such date as may be determined by the Board or a duly constituted committee thereof, and notified to the BSE and the NSE. All benefits relating to the NCDs including interest on the NCDs shall be available to the investors from the Deemed Date of Allotment. The actual Allotment of NCDs may take place on a date other than the Deemed Date of Allotment. |
* The subscription list shall remain open at the commencement of banking hours and close at the close of banking hours for the period as indicated, with an option for early closure or extension by such period, as may be decided by the Board or the duly authorised committee of the Board constituted by resolution of the Board dated July 25, 2011. In the event of such early closure of or extension subscription list of the Issue, the Company shall ensure that notice of such early closure or extension is given to the prospective investors through an advertisement in a leading daily national newspaper on or before such earlier date or extended date of closure. Applications Forms for the Issue will be accepted only from 10:00 a.m. till 5.00 p.m. (Indian Standard Time) or such extended time as may be permitted by the BSE, on Working Days during the Issue Period. On the Issue Closing Date, Application Forms will be accepted only from 10:00 a.m. till 3.00 p.m. (Indian Standard Time) and uploaded until 5.00 p.m. (Indian Standard Time) or such extended time as may be permitted by the BSE.
| Categories | Allocation Ratio | Basis of allocation incase of over subscription | |
| Category I (Institutional Investor Portion) |
|
10% of Overall Issue Size | On first-come-first-serve basis |
| Category II (Non-Institutional Investor Portion) |
|
10% of Overall Issue Size | On first-come-first-serve basis |
| Category III (High Networth Individual Portion) |
|
40% of Overall Issue Size | On first-come-first-serve basis |
| Category IV (Retail Portion) |
|
40% of Overall Issue Size | On first-come-first-serve basis |
 |
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