Shriram Transport Finance NCD 2010
Shriram TransportFinance Company Limited has launched Non Convertibe Debentures (NCD) offering return from 9% to 11%. Total issue is worth Rs. 500 crores and the allotment will be done on first-cum-first-serve basis. NCDs are better bet over FDs because they offer high liquidity.
Check Allotment Status
Who Can Apply:
- Allotment on First cum First Serve basis
- Inter Category overflow in favour of individuals, then NII and then QIB.
- Interest on Refund amount 2.5%
- Interest on application money on allotted amount 7.00%
Who Can Apply:
Category I
- Public Financial Institutions, Statutory Corporations, Commercial Banks, Co-operative Banks and Regional Rural Banks, which are authorized to invest in the NCDs;
- Provident Funds, Pension Funds, Superannuation Funds and Gratuity Fund, which are authorized to invest in the NCDs;
- Venture Capital funds registered with SEBI;
- Insurance Companies registered with the IRDA;
- National Investment Fund;
- Mutual Funds;
Category II
- Companies; bodies corporate and societies registered under the applicable laws in India and authorized to invest in the NCDs;
- Public/private charitable/religious trusts which are authorized to invest in the NCDs;
- Scientific and/or industrial research organizations, which are authorized to invest in the NCDs;
- Partnership firms in the name of the partners; and
- Limited liability partnerships formed and registered under the provisions of the Limited Liability Partnership Act, 2008 (No. 6 of 2009)
Category III
The following persons / entities:
- Resident Indian individuals; and
- Hindu Undivided Families through the Karta
Applications received from Category III applicants- Applications by applicants who apply for NCDs aggregating to a value not more than Rs. 5 Lakh, across all series of NCDs irrespective of whether they are Secured NCDs or Unsecured NCDs, (Option I, Option II, Option III and/or Option IV), shall be grouped together, (”Reserved Individual Portion“) while applications by applicants who apply for NCDs aggregating to a value exceeding Rs. 5 Lakh, across all series of NCDs, irrespective of whether they are Secured NCDs or Unsecured NCDs, (Option I, Option II, Option III and/or Option IV), shall be separately grouped together, (”Unreserved Individual Portion“). For further details please refer to “Additional Applications” of the Draft Prospectus.
To Apply/ Invest in Shriram ransport Finance NCD or to Order Forms, email at fd@moneyvriksh.com
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Fixed Deposit, New Fund Offer | admin | May 14, 2010
wen is listing and allotment any one having any idea then please reply?
@Tejas,
Listing is expected around 10th June
When is the allotment happening? Any idea? Where can one find the allotment details?
@Umesh
Once allotment status is out, you’ll find the link here - on this very page
Please provide me details about allotment date and listing date..
link?
allotment is out
got message from cdsl
pls send me the link of the allotment
Link Please for Shriram Allotment as the same is out.
Here’s link for Allotment Status -
Check STFC 2010 Allotment Status
most of who who have applied the secured part on day 1 , have only got allotment. as it was oversubscribed on day 1 itself. only the unsecured part was not subscribed so those who have applied in unsecured might get allotment
thanks for providing link…….
Congrats to all those who got allotment. Listing gain is very much expected!
dont go for listing gains … with fd rates at 7 %.. ncd provides good income .. keep it for long term
when is the listing date.. any idea?
@Aman,
Its already listed. Check here
what is the script code for the above 5 options in nse india?