Updates: Shriram Transport Finance NCD 2011 Allotment:
Shriram NCDs 2011 have been alloted in ratio of 10:3.Investors applied for Rs.2 lakh have received 138 NCDs while investors applied for Rs.5 lakh have received 55 NCDs.Most of the our investors have received the confirmation SMS from CDSL.
Allotment status of Shriram transport finance NCD 2011 can be checked at:HERE
http://www.iepindia.com/irncd_detail_2.asp
Refund will be credited in bank account associated with your demat account.(Even If you have paid a cheque of different bank,refund will be credited in account linked with demat account)also all future interest payments will be credited in account linked with your demat account.
Recent Updates: Public Issue of Shriram Transport Finance NCD – 2011 has been oversubscribed
Last date of Inviting application is now: 29th June 2011,, till bank closing time.
Shriram transport Finance company Ltd has come up with Secured, Non convertible debenture issue with max interest rate of 11.60%.
It is a public issue of NCDs aggregating upto Rs. 50,000 Lacs with an option to retain over subscription upto Rs. 50,000 Lacs aggregating to total of upto Rs.1,00,000 Lacs.
Shriram Transport Finance is the biggest Non banking Finance Company in India with Asset Under Management of more than Rs. 30,000 Crore.
This NCD have two tenure options : 60 Months and 36 Months.
Issue Open date : 27th June 2011.
Issue Closing date: 9th July 2011.
Face Value of NCD : Rs.1000/NCD.
Min Application amount : 10 NCDS (Rs. 10,000/-).
Demat Account is compulsory.
Issue will be listed on NSE.
Financials As Disclosed By Company:
Year Ended Profit After Tax.
In lakhs
31 March 2007 19039.71
March 2008 38,982.65
March 2009 61,240.21
March 2010 87,311.74
March 2011 1,22,988.00
Asset Under Management as on 31st March 2011: Rs.36,18,263.33 Lacs.
Capital adequecy ratio: 24.75% against RBI’s minimum requirement of 12%.
Interest Rates:
Retail investors investing less than Rs. 5 Lac will get interest rate of 11.60% per annum for tenure of 60 months and it will be 11.35% for tenure of 36 months.
For individuals investing more than 5 Lac interest rate will be 11.35% per annum for period of 60 months and 11.10% for period of 36 months.
Interest will be credited in bank acccount associated with your demat account.
Tax treatment:
Income received is taxable.
Credit Ratings:
CRISIL: “AA / Stable ” for amount upto 1,00,000 Lacs. Rating indicates highest safety towards repayment of interest and face value.
CARE : “CARE ++” Indicates Higher safety towards repayment of interest and face value.
IF interested to invest in this issue of Shriram Transport NCD ,in Pune<Maharashtra> (with Demat account with any of the broker)
call Paresh : 9225965529.
Documents required: Pan Card.
shriram trp finance ncd 2011 allotments ?
please call me at 9241545354 (for bangalore only) for processing Shriram Transport Finance Company Limited NCD, also for all types(equity\tax saving\sectorial) mutual fund processing