Shriram City Union Finance Bond SCUF NCD

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Non-banking finance company Shriram City Union Finance (SCUF) will raise up to Rs 750 crore through a non convertible debenture (NCD).

The issue, which would be open between August 11 and 27, will let investors choose between the three years and five years tenor options and will carry a coupon rate of up to 12.10 per cent per annum.
The basic objective of the issue is to raise Rs 375 crore, while the company has a green-shoe option to retain oversubscriptions of an equal amount.

Company plans to use the proceeds of the issue in regular financing business and repaying debt.

Incorporated in 1986, SCUF is the country's biggest lender to small enterprises requiring loans of up to Rs 10 lakh and is also present in other segments like two-wheeler finance, loans against gold and existing two-wheelers, and financing white goods.

It plans to enter the home finance segment soon through a dedicated wholly owned subsidiary, its Executive Director Subhasri Sriram told reporters here.

The company plans to list the NCDs on both the Bombay Stock Exchange and National Stock Exchange from the beginning itself so that investors get the liquidity.

SCUF is a part of the Shriram Group that grew out of a chit fund business and Sriram said its database of over seven million customers is very important in SCUF's growth trajectory.

SCUF had clocked a 47 per cent growth in net profit in FY11 at Rs 241 crore.

Updates :

1. Shriram NCD Allotment Under Process Read More

Objects of the issue:

» Regular financing business
» Repaying debt

Company Address:

Shriram City Union Finance Ltd
123, Angappa Naicken Street, Chennai - 600 001.
Phone:+ 91 44 43915300
Fax:+ 91 44 43915351

IPO Details:

Information Value
Open Date11-Aug-2011
Close Date27-Aug-2011
Allotment DateNA
Refund DateNA
Listing DateNA
Issue PriceRs. 1000
Isuue Type100% Book Building Issue
Issue Size3,750,000 Shares Of Rs. 375 Crores
Lot SizeNA
Max Amount for Retail Investor200000
Listing OnBSE,NSE
Lead ManagerJm Financial Consultants Pvt Ltd, A K Capital Services Ltd & ICICI Securities Ltd
RegistrarIntegrated Enterprises (India) Limited
Registrar EmailNA
Registrar Phone+91 44 28143045
Application Multiple1 and in multiples there off starting with atleast 10 shares
Cheque in Favour of"Escrow Account SCUF NCD Public Issue" For Retail Bidders
Listing OpenNA
Listing CloseNA
Listing HighNA
Listing LowNA

Shriram City Union Finance Bond SCUF NCD Grey Market Price - Premium - Rates

Warning: Do not subscribe to any IPO's on the basis of grey market price or IPO Forecast. Please check the fundamentals of the company before applying. Use grey market price as an information tool.

Date GM Premium Kostak Rate
11-Aug-2011Rs. 12 - 13Rs. 7000 (5 Lac)
12-Aug-2011Rs. 12 - 13Rs. 7000 (5 Lac)
16-Aug-2011Rs. 14 - 15Rs. 6700 (5 Lac)
17-Aug-2011Rs. 14 - 15Rs. 6700 (5 Lac)
18-Aug-2011Rs. 20 - 25----

Shriram City Union Finance Bond SCUF NCD Subscription Details:

Date Retail QIB Non Institutional Employee Overall
06-Sep-2011NARs. 1687 Crore

Shriram City Union Finance Bond SCUF NCD News:



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