| Shriram City Union Finance Limited ("Secured NCDs") ISSUE DETAILS | Issue Opening Date | August 11, 2011 | | Issue Closing Date | August 27, 2011, or with an option to close earlier and or extend upto a period as may be determined by our Board. | | Deemed Date of Allotment | The date of issue of the Allotment Advice | | Issue Size | Base issue size of Rs. 375 Crores with an option to retain over-subscription upto Rs. 375 Crores for issuance of additional NCDs aggregating to a total of upto Rs. 750 Crores. | | Instrument | Public Issue of Secured Non-Convertible Debentures | | Credit Rating-CARE | 'CARE AA' for an amount of upto Rs.750 crs. | | Credit Rating-CRISIL | 'CRISIL AA-/Stable' for an amount of upto Rs.750 crs. | | Lead Managers | JM Financial Consultants Private Limited, A.K. Capital Services Limited & ICICI Securities Limited. | | Co-Lead Managers | Karvy Investor Services Limited | | Lead Brokers to the Issue | Kotak Securities Limited, JM Financial Services Pvt Ltd, AK Stockmart Pvt Ltd, ICICI Sec Ltd, Karvy Stock Broking Limited, Anand Rathi Shares & Stock Brokers Limited, Bajaj Capital Investor Services Ltd, Edelweiss Broking Ltd, ENAM Sec Pvt Ltd, HDFC Sec Ltd, Integrated Sec Ltd, RR Equity Brokers Pvt Ltd, SMC Global Sec Ltd, SPA Sec Ltd. | | Trustee | IDBI Trusteeship Services Limited | | Registrar | Integrated Enterprises (India) Limited | | Interest on Application Money | @ 7% on application money on the amount allotted, subject to the deduction of Income Tax under the provisions of the Income Tax Act 1961, as amended, as applicable, from the date of realization of the application amount or from three days from the date of receipt of the application, whichever is later, up to one day prior to the Deemed Date of Allotment | | Interest on Application Money which is liable to be refunded | @ 2.50% on application money which is liable to be refunded in accordance with the provisions of the Debt Regulations and/or the Companies Act, or other applicable statutory and/or regulatory requirements, subject to the deduction of Income Tax under the provisions of the Income Tax Act 1961, as amended, as applicable, from the date of realization of the application amount or from three days from the date of receipt of the application, whichever is later, up to one day prior to the Deemed Date of Allotment | Allocation will be on First come first serve basis, determined on the basis of date of receipt of each application duly acknowledged by the bankers to the issue. Cheque / DD should be drawn in favour of "ESCROW ACCOUNT SCUF NCD PUBLIC ISSUE" by all applicants. It should be crossed "A/c Payee only" Please write the sole/ first applicants name, phone no. and application no on the reverse of Chq/DD. Bankers to the Issue: HDFC Bank, YES Bank, Dhanlaxmi Bank, ICICI Bank, INDUSIND Bank, HSBC Bank, Kotak Bank. | Options | I | II | | Minimum Application | Rs. 10,000 (10 NCDs) (for all options of NCDs, namely Options I and II either taken individually or collectively) | | Face Value/Issue Price | Rs. 1,000 (1 NCD) | | In Multiples Of | Rs. 1,000 (1 NCD) | | Coupon (%) per annum | | NCD Holders in Category I and Category II | 11.60% | 11.50% | | Individual/HUFs with application up to Rs.5 lakh | 12.10% | 11.85% | | Individual/HUFs with application above Rs.5 lakh | 11.85% | 11.60% | | Effective Yield (%) (per annum) | | NCD Holders in Category I and Category II | 11.60% | 11.50% | | Individual/HUFs with application up to Rs.5 lakh | 12.10% | 11.85% | | Individual/HUFs with application above Rs.5 lakh | 11.85% | 11.60% | | Put and Call Option | Exercisable at the end of 48 months from the Deemed Date of Allotment | NIL | | Frequency of Interest Payment | Annual | Annual | | Tenor | 60 months* | 36 months | | An applicant is allowed to make one or more applications for the NCDs for the same or other series of NCDs, subject to a minimum application size of ` 10,000/- and in multiples of ` 1,000/- thereafter, for each application. | | Redemption Date | 60 months from the deemed date of allotment | 36 months from the deemed date of allotment | | Redemption Amt (Rs./NCD) | Repayment of the Face Value plus any interest that may have accrued at the Redemption Date, or at the date of early redemption if any Put Option or Call Option is exercised as the case may be* | Repayment of the Face Value plus any interest that may have accrued at the Redemption Date. | | Credit Rating-CARE | 'CARE AA' for an amount of upto Rs.750 crs. | | Credit Rating-CRISIL | 'CRISIL AA-/Stable' for an amount of upto Rs.750 crs. | INVESTOR CATEGORIES AND ALLOTMENT | Category I • Public Financial Institutions, Statutory Corporations, Commercial Banks, Co-operative Banks and Regional Rural Banks, which are authorised to invest in the NCDs; • Provident Funds, Pension Funds, Superannuation Funds and Gratuity Fund, which are authorised 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 authorised 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. Applicants belonging to the Institutional Portion will be allocated upto 10% of overall issue size. Applicants belonging to the Non-Institutional Portion will be allocated upto 10% of overall issue size. Applicants belonging to category III Applicants (Resident Individuals/HUFs) will be allocated upto 80% of overall issue size (of which investors applying upto Rs.5 lakhs shall be given preferential allotment of NCDs upto 60% of overall issue size). * With respect to applications received from Category III applicants, applications by applicants who apply for NCDs aggregating to a value not more than Rs. 500,000, across all series of NCDs, (Option I and/or Option II), shall be grouped together, ('Reserved Individual Portion') while applications by applicants who apply for NCDs aggregating to a value exceeding Rs. 500,000, across all series of NCDs, (Option I and/or Option II), shall be separately grouped together, ('Unreserved Individual Portion'). For More details, Forms, Centres for submission of forms, etc. Kindly contact us Thx & Regds Nikhil Vadia - 98197 55658 | |
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