Shriram Transport Finance Company Limited raised money through a public issue of secured redeemable non-convertible debentures, open from 6 Jan 2020 to 22 Jan 2020. Coupons of 8.52%–9.1% a year, tenors of 3 years–7 years, rated CRISIL AA+, CARE AA+, IND AA+. Face value ₹1,000; minimum application ₹10,000.
Shriram Transport Finance Company NCD issue: key facts
| Status | Closed |
|---|---|
| Issue opens | 6 Jan 2020 |
| Issue closes | 22 Jan 2020 |
| Coupon | 8.52%–9.1% a year |
| Tenor | 3 years–7 years |
| Interest payment | Monthly, Annual |
| Credit rating | CRISIL AA+/Stable, CARE AA+/Stable and IND AA+: Outlook Stable |
| Instrument | Secured Redeemable Non-Convertible Debentures |
| Base issue size | ₹200 crore |
| Total with green shoe | ₹1,000 crore |
| Face value | ₹1,000 |
| Minimum application | 10 (Ten) NCDs (Rs. 10,000) either taken individually or collectively across all series of NCDs and in multiple of 1 NCD (Rs.1000) thereafter |
| Lead managers | A. K. Capital Services Limited, JM Financial Limited and SMC Capitals Limited |
| Registrar | Integrated Registry Management Services Private Limited |
| Listing on | NSE |
| Symbol | SNCD9T2 |
Series, coupons and tenors
- S1 - 8.52% Tenor 3 years, for Category I, II, III and IV - Monthly Option
- S2 - 8.66% Tenor 5 years, for Category I, II, III and IV - Monthly Option
- S3 - 8.75% Tenor 7 years, for Category I, II, III and IV - Monthly Option
- S4 - 8.85% Tenor 3 years, for Category I, II, III and IV - Annual Option
- S5 - 9.00% Tenor 5 years, for Category I, II, III and IV - Annual Option
- S6 - 9.10% Tenor 7 years, for Category I, II, III and IV - Annual Option
- S7 - Payable at Redemption - Rs 1289.99 - Tenor 3 years, for Category I, II, III and IV
- S8 - Payable at Redemption - Rs 1539.35 - Tenor 5 years, for Category I, II, III and IV
As listed by NSE. "Category" refers to the investor categories in the prospectus (individuals usually fall in Categories III and IV). Cumulative series pay the amount shown at maturity instead of periodic interest.
About Shriram Transport Finance Company as a bond issuer
Check the issuer's financial statements and existing borrowings in the prospectus, and the rating agency's rationale for the rating.
Other public issues by Shriram Transport Finance Company: Jul 2019
Documents and how to apply
- Prospectus NSE, zip file
- NSE public issues
While the issue is open, apply through your bank's net banking (ASBA) or your broker's app with UPI. The NCDs are credited to your demat account and listed on the exchange after allotment.
Questions and answers
What is the interest rate on Shriram Transport Finance Company NCDs?
The coupon is 8.52%–9.1% a year, depending on the series and investor category, for tenors of 3 years–7 years. The series list on this page gives the coupon, tenor and payment frequency of each option.
When does the Shriram Transport Finance Company NCD issue open and close?
The issue was open from 6 Jan 2020 to 22 Jan 2020, unless closed early or extended.
What is the minimum investment in the Shriram Transport Finance Company NCD issue?
10 (Ten) NCDs (Rs. 10,000) either taken individually or collectively across all series of NCDs and in multiple of 1 NCD (Rs.1000) thereafter.
What is the credit rating of Shriram Transport Finance Company NCDs?
Rated CRISIL AA+/Stable, CARE AA+/Stable and IND AA+: Outlook Stable at the time of the issue. Ratings can change; check the rating agency's latest press release.
Are Shriram Transport Finance Company NCDs secured?
The issue is described as: Secured Redeemable Non-Convertible Debentures. The prospectus gives the security, the asset cover and the debenture trustee.
Other NCD issues
| Issuer | Opened | Coupon | Tenor | Rating | Issue size |
|---|---|---|---|---|---|
| Muthoot Fincorp | 23 Oct 2026 | 8.56%–9.25% | 2 years–6 years | Rated by Crisil, Brickwork | ₹500 crore |
| SMC Global Securities | 5 Oct 2026 | 9.5%–10% | 2 years–5 years | ICRA A | ₹150 crore |
| Nashik Municipal Corporation | 25 Feb 2026 | 8.05% | 3 years–10 years | IND AA+, CRISIL AA+ | ₹200 crore |
| IIFL Finance | 17 Feb 2026 | — | — | — | — |
| Power Finance Corporation | 16 Jan 2026 | 6.85%–7.3% | 5 years–15 years | CRISIL AAA, CARE AAA, ICRA AAA | ₹5,000 crore |
| SMC Global Securities | 16 Oct 2025 | 9.75%–10.25% | 2 years–5 years | ICRA A | ₹150 crore |
| Surat Municipal Corporation | 6 Oct 2025 | 8% | 4 years–5 years | IND AA+, CRISIL AA+ | ₹200 crore |
| Sammaan Capital | 15 Jul 2025 | 8.42%–9.95% | 2 years–10 years | CRISIL AA, ICRA AA | ₹2,000 crore |
Updated 5 Nov 2026, 5:47 pm from the NSE and BSE public issue pages. Methodology and sources
This page is for information only. It is not investment advice, a credit rating or a recommendation to buy, sell or hold any security. Facts are taken from the issuer's own documents and the sources linked on this page; check them with the source before investing.
