Shiram City Union Fin. - NCD Sep 2012- 11.75%

Shriram City Union Finance Limited  Secured NCD

Public Issue is for an amount of Rs. 250 Crores with an option to retain over-subscription upto Rs.250 Crores for issuance of additional NCDs aggregating to a total of upto Rs. 500 Crores

Issue Details

Issue Opens On:                               Wednesday, September 12, 2012

 Issue Closes On:                               Wednesday, September 26, 2012

Rating:                                                  ‘CARE AA’ by CARE & ‘CRISIL AA-/Stable’ by CRISIL

Interest Rate:                                    11.50% per annum for 36 months

11.75% per annum for 60 months

 Minimum Application:                 Rs.10000 (10 NCDs)& in multiples of Rs. 1,000 (1 NCD) thereof.

About Company

Shriram City Union Fin. Ltd ,  a deposit accepting Non Banking Finance Company registered with RBI and the largest small enterprise finance company in India. The fund raised to this issue  will be primarily be used for various financing activities including leading & investments. The fund would be also used to repay existing loans.

Product Details

Secured NCD - Shriram City Union Fin Ltd

Series	I		II		III		IV
Frequency.of.Interest Payment	Annual		Annual		N/A		N/A
Min Application	Rs. 10000 (10 NCD's)
in Multiple of	1000		1000		1000		1000
Face value of  NCD	1000		1000		1000		1000
Coupon (% per annum)	10.60		10.75		N/A		N/A
	Ind	Non  Ind	Ind	Non Ind
Additional Incentive on coupon	.90	nil	1.00	nil
Net coupon Rate (% p.a.)	11.50	10.60	11.75	10.75
Effective Yield	11.50	10.60	11.75	10.75	11.50	10.60	11.75	10.75
Tenor	36 month		60 month		36 month		60 month
Redemption Amount (per NCD)	Face value + any interest due on redemption date				1386.20	1352.90	1743.30	1666.65
Deemed date of Allotment	The deemed date of allotment for the NCDs shall be the date of issue of allotment advice

The allotment of Bonds will be on first cum first serve basis

Cheque in favour of   :       " Escrow Account  SCUF NCD Public Issue "

Registrar of the Issue  :      Integrated Enterprises 

 Points of Issue in your mind

• Allotment of NCD's offer to public shall be made within time period of 12 working days from the date of closure of issue.
• If individual investor (Reserved Individual Investor &  Non reserved Individual Investor )  hold the NCD's on any record date, they shall be eligible to additional incentive in terms of interest in case of Series I & II and redemption premium amount in case of Series III & IV respectively.
• Investor can make an application through  ASBA mechanism through submitting ASBA Application to the member of Syndicate
• Tax Treatment For resident NCD holder, interest received would be subject to tax at the normal rate of tax.   Long term capital gain arising on the transfer of listed debentures would be subject to tax at rate of 10% of capital gains calculated without indexation of the cost of acquisition.
• NO TDS Deduction on any interest payble on securities issued by the company in dmat form and listed on a recognized stock exchange in India
• D'mat account is necessary for investing  in these NCDs to all categories of investors.

Find out here about Brokerage Structure