Mutual Fund Application Forms Download Any Applications
Invest in Tax Saving Mutual Funds Invest Online
Infrastructure Bond Application Forms Download Applications

Tuesday, July 24, 2012

Shriram Transport Fininance NCD - 80% of NCD issue is for retail investors

Buy Gold Mutual Funds

Invest Mutual Funds Online

Download Mutual Fund Application Forms

Call 0 94 8300 8300 (India)

In a first-of-its kind public offering, Shriram Transport Finance has reserved 80 per cent of its ~300-crore non-convertible debenture (NCD) issue for individual investors. The NCDs have coupon rates of 11.15 per cent for three years and 11.4 per cent for five years.

The issue opens on July 26 and closes on August 10. The non-banking financial company has the option to retain ~300 crore of oversubscription.

"To diversify the investor base, the company has decided to target the retail segment with higher allotment and coupon rates, compared to other categories," said a merchant banker.

Once sold in the secondary market, the coupon rates would be reduced by 90 basis points. The NCDs would be listed on the National Stock Exchange and the Bombay Stock Exchange.

"With medium tenors and attractive coupon rates in a falling interest rate scenario, it should not be difficult to garner good response," the official added.

In 2011-12, Shriram Transport Finance had raised ~1,000 crore through this route. This financial year, though it had planned to raise that amount in the first tranche, considering the current investment slowdown, the issue size was trimmed to ~600 crore, with a focus on retail participation.

Investors would have to apply for at least ~10,000, or 10 NCDs, and in multiples of ~1,000, or one NCD, thereafter. The company has reserved 40 per cent of the issue for individuals investing more than ~5 lakh and 40 per cent for retail investment of up to ~5 lakh. 

Happy Investing!!

 

We can help. Call 0 94 8300 8300 (India)

 

Leave your comment with mail ID and we will answer them

                        OR

You can write back to us at prajnacapital [at] gmail [dot] com

---------------------------------------------

Invest Mutual Funds Online

Transact Mutual Fund Online

Download Mutual Fund Application Forms from all AMCs

Download Mutual Fund Application Forms

Best Performing Mutual Funds

    1. Largecap Funds        Invest Online
      1. DSP BlackRock Top 100 Fund
      2. ICICI Prudential Focused Blue Chip Fund
      3. Birla Sun Life Front Line Equity Fund
    2. Large and Midcap Funds     Invest Online
      1. ICICI Prudential Dynamic Plan
      2. HDFC Top 200 Fund
      3. UTI Dividend Yield Fund
    1. Mid and SmallCap Funds    Invest Online
      1. Reliance Equity Opportunities Fund
      2. DSP BlackRock Small & Midcap Fund
      3. Sundaram Select Midcap
      4. IDFC Premier Equity Fund
    1. Small and MicroCap Funds             Invest Online
      1. DSP BlackRock MicroCap Fund
    1. Sector Funds              Invest Online
      1. Reliance Banking Fund
      2. Reliance Banking Fund
    1. Gold Mutual Funds             Invest Online
      1. Relaince Gold Savings Fund
      2. ICICI Prudential Regular Gold Savings Fund
      3. HDFC Gold Fund

No comments:

Post a Comment

Mutual Fund Application Forms Download Any Applications
Invest in Tax Saving Mutual Funds Invest Online
Infrastructure Bond Application Forms Download Applications

Popular Posts