Shriram Transport Finance Company Limited Public Issue by Shriram Transport Finance Company Limited, (“Company” or “Issuer”) of Secured Redeemable Non-Convertible Debentures of face value of ` 1,000 each, (“NCDs”), aggregating upto ` 25,000 lacs with an option to retain over-subscription upto ` 25,000 lacs for issuance of additional NCDs aggregating to a total of upto ` 50,000 lacs, hereinafter referred to as the “Issue”. * The subscription list for the Issue shall remain open for subscription on Working Days from 10:00 a.m. to 5:00 p.m. during the period indicated above, except that the Issue may close on such earlier date or extended date as may be decided at the discretion of the duly authorised committee of Directors of our Company subject to necessary approvals. In the event of such early closure or extension of the Issue, our Company shall ensure that notice of the same is provided to the prospective investors, on or before such early date of closure or the initial Closing Date, as the case may be, through advertisement/s in a leading national daily newspaper. The specific terms and conditions of each series of NCDs offered pursuant to the Issue are as follows: Series I II III IV V VI Frequency of Interest Payment Annual Annual Annual Not Applicable Not Applicable Not Applicable Coupon (% per annum) - (A) 10.75% 10.75% 10.75% Not Applicable Not Applicable Not Applicable Additional Incentive on Coupon (% per annum) on Any Record Date - (B) NCD Holders who are Individ uals NCD Holders who are Non Individ uals NCD Holders who are Individu als NCD Holders who are Non Individu als NCD Holders who are Individu als NCD Holders who are Non Individ uals Not Applicable Not Applicable Not Applicable 0.50% Nil 0.75% Nil 1.00% Nil Aggregate of Coupon and Additional Incentive on any Record Date (% per annum) = (A) + (B) NCD Holders who are Individ uals NCD Holders who are Non Individ uals NCD Holders who are Individu als NCD Holders who are Non Individu als NCD Holders who are Individu als NCD Holders who are Non Individ uals Not Applicable Not Applicable Not Applicable 11.25% 10.75% 11.50% 10.75% 11.75% 10.75% Effective Yield (% per annum) on any Record Date NCD Holders who are Individ uals NCD Holders who are Non Individ uals NCD Holders who are Individu als NCD Holders who are Non Individu als NCD Holders who are Individu als NCD Holders who are Non Individ uals NCD Holders who are Individual s NCD Holders who are Non Individual s NCD Holders who are Individ uals NCD Holders who are Non Individuals NCD Holders who are Individua ls NCD Holders who are Non Individuals 11.25% 10.75% 11.50% 10.75% 11.75% 10.75% 11.25% 10.75% 11.50% 10.75% 11.75% 10.75% Mode of Payment of Interest and/or Redemption of NCDs Through Various options available Through Various options available Through Various options available Through Various options available Through Various options available Through Various options available ISSUE PROGRAMME* ISSUE OPENS ON : OCTOBER 7, 2013 ISSUE CLOSES ON : OCTOBER 21, 2013 Series I II III IV V VI Tenor Thirty six months Sixty months Eighty four months Thirty six months Sixty months Eighty four months Redemption Date Thirty six months from the Deemed Date of Allotment. Sixty months from the Deemed Date of Allotment. Eighty four months from the Deemed Date of Allotment. Thirty six months from the Deemed Date of Allotment. Sixty months from the Deemed Date of Allotment. Eighty four months from the Deemed Date of Allotment. Redemption Amount (`/NCD) Repayment of the Face Value plus any interest at the applicable Coupon that may have accrued at the Redemption Date plus Additional Incentive as may be applicable for Individual NCD Holders Repayment of the Face Value plus any interest at the applicable Coupon that may have accrued at the Redemption Date plus Additional Incentive as may be applicable for Individual NCD Holders Repayment of the Face Value plus any interest at the applicable Coupon that may have accrued at the Redemption Date plus Additional Incentive as may be applicable for Individual NCD Holders NCD Holders who are Individual s NCD Holders who are Non Individual s NCD Holders who are Individual s NCD Holders who are Non Individual s NCD Holders who are Individual s NCD Holders who are Non Individuals `1,377.30 per NCD* `1,358.79 per NCD* `1,723.87 per NCD* `1,666.63 per NCD* `2,177.70 per NCD* `2,044.79 per NCD* *subject to applicable tax deducted at source, if any. Who can apply? Category I – Institutional Investors Resident public financial institutions as specified in Section 2 (72) of the Companies Act, 2013 authorized to invest in the NCDs; Statutory corporations including State Industrial Development Corporations, commercial banks, co-operative banks and regional rural banks incorporated in India and authorized to invest in the NCDs; Indian Provident funds, pension funds, superannuation funds and gratuity funds, authorized to invest in the NCDs; Indian alternative investment funds registered with SEBI; Indian insurance companies registered with the IRDA; Indian Mutual Funds registered with SEBI; National Investment Fund set up pursuant to the resolution F. No. 2/3/2005-DD-II dated November 23, 2005 by the Government of India; and Insurance funds set up and managed by the Indian army, navy or the air force of the Union of India or by the Department of Posts, India Category II –Non Institutional Investors Companies, bodies corporate and societies, registered under the applicable laws in India, and authorized to invest in the NCDs; Educational institutions and associations of persons and/or bodies established pursuant to or registered under any central or state statutory enactment; which are authorized to invest in the NCDs; Trusts settled under the Indian Trusts Act, 1882, public/private charitable/religious trusts settled and/or registered in India under applicable laws, which are authorized to invest in the NCDs; Resident Indian scientific and/or industrial research organizations, authorized to invest in the NCDs; Partnership firms formed under applicable laws in India in the name of the partners, authorized to invest in the NCDs; and Limited Liability Partnerships formed and registered under the provisions of the Limited Liability Partnership Act, 2008 (No. 6 of 2009), authorized to invest in the NCDs. Category III –High Net-worth Individuals, ("HNIs") Resident Indian individuals who apply for NCDs aggregating to a value more than ` 5 lacs, across all Series of NCDs; and Hindu Undivided Families through the Karta who apply for NCDs aggregating to a value more than ` 5 lacs, across all Series of NCDs. Category IV – Retail Individual Investors Resident Indian individuals who apply for NCDs aggregating to a value not more than ` 5 lacs, across all Series of NCDs; and Hindu Undivided Families through the Karta who apply for NCDs aggregating to a value not more than ` 5 lacs, across all Series of NCDs. Note: All categories of persons who are individuals or natural persons (including Hindu Undivided Families acting through their Karta) including without limitation HNIs and Retail Individual Investors who are eligible under applicable laws to hold the NCDs are collectively referred to as “Individuals”. All categories of entities, associations, organizations, societies, trusts, funds, partnership firms, Limited Liability Partnerships, bodies corporate, statutory and/or regulatory bodies and authorities and other forms of legal entities who are NOT individuals or natural persons and are eligible under applicable laws to hold the NCDs including without limitation Institutional Investors and Non Institutional Investors are collectively referred to as “Non Individuals”. Allocation Ratio Reservations shall be made for each of the Portions on first come first serve basis (determined on the basis of the upload of each Application into the electronic book of the Stock Exchange) as mentioned below: Particulars Institutional Category Non Institutional Category HNI Category Retail Individual Category Size in % 10% of the Issue Size 10% of the Issue Size 30% of the Issue Size 50% of the Issue Size The payment instruments for payment into the Escrow Account should be drawn in favour of “Escrow Account STFC NCD VI Public Issue” ASBA Applicants shall specify the ASBA Account number and should be signed by the ASBA Account holder in the Application Form Disclaimer: Shriram Transport Finance Company Limited, (“Company”), is proposing, a public issue of Secured Redeemable non-convertible debentures and has filed a Prospectus dated September 23, 2013 (“Prospectus”), with the Registrar of Companies, Chennai, Tamil Nadu, and shall file the Prospectus with the Securities and Exchange Board of India, (“SEBI”), the National Stock Exchange of India Limited, (“NSE”) and the BSE Limited (“BSE”). The Prospectus shall be available on the website of the NSE, the BSE, the Company and the websites of the Lead Managers to the Issue, namely jmfl, akcapindia. Investors are urged to take any decision to invest in the said debt securities pursuant to and solely on the basis of the disclosures made in the Prospectus. Please see the section entitled “Risk Factors” on page 17 of the Prospectus for the risks in this regard. Capitalised terms not specifically defined above shall have the same meaning as assigned to them in the Prospectus.
Posted on: Thu, 03 Oct 2013 06:32:38 +0000