Shriram City Union Finance Limited NCD Issue September 2019
Hello friends, today I will discuss about Shriram City Union Finance limited's NCD issue of this month. I will cover all important details and give my opinion on this NCD issue. Let's start.
Basically Shriram City Union Finance Limited is engaged in retail financing, where it finances four wheeler,two wheeler, three wheeler and provides small business loans, personal loans, housing finance loans and gold loans. This company is listed in BSE and NSE. It has PAN India presence with 1057 branches across the country. As on 30th September 2018, it has earned 475 crore profit after tax and revenue of 2916 crore.
What is the objective of the issue?
The fund collected from this issue will used for the purpose of onward lending, payment or repayment of interest or principal repayment of existing borrowing of the company.
When will Shriram City Union Finance Limited's NCD open?
Shriram City Union Finance Limited's NCD will open on 21st August 2019 and ends on 19th September 2019. If you want to invest in this NCD then you have to apply in between these dates.
What is its issue size?
Shriram City Union Finance Limited's NCD issue size is for 100 crores ( base ) and 900 crores ( shelf ).
What is Shriram City Union Finance Limited's NCD Price?
Shriram Union Finance Limited's NCD's price is 1000 per NCD. Minimum lot size is 10. It means you have to purchase minimum 10 NCD and invest 10000.
What about Credit Ratings of Shriram City Union Finance Limited NCD?
CARE has given AA+ ( stable ) rating to this NCD issue. Similarly CRISIL has given AA+ ( stable ) rating to this company's NCD.
What is the interest rates of Shriram City Union Finance Limited's NCD September 2019?
Below is the table.
Review of Shriram City Union Finance Limited NCD issue September 2019
In my point of view this NCD is an excellent opportunity to invest a certain % of your investment as it is offering a decent interest with high credit ratings from the company. But two things you should keep in mind. First is don't invest all the amount in one NCD and second is don't invest for too long. 24 months is the best option as per my opinion. But the final decision should be yours.
Thanks for your time.
If you have any doubt or query regarding this post or this NCD issue then ask me in comment box.