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Security Name: 8.55% Shriram Transport Finance Company Limited 08 Sep 2032

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ISIN:
INE721A07RC0
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Taxable

Tax Category

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08 Sep, 2032

Maturity Date
(7 Yr 8 Mo 16 D to mature)

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Yearly

Interest Payment Frequency

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Yes

NRI Eligibility

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08 Sep, 2022

Allotment Date

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NA

Put Date

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08 Sep, 2025

Next Interest Payment Date

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15 days

Shut Period

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Both

Active on NSDL/CDSL

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Non-Guaranteed

Type of Guarantee

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No

Perpetual

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Private Placement

Mode of Issue

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Listed

Listing Details

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Non Public Sector Undertaking

Type of Issuer

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Quote Not Available

Dirty Price

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8.55%

Coupon

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Fixed Interest

Coupon Basis

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NaN%

Current Yield

YOUR EARNING
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Your Investment

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Final Payout

₹0

Error Generating Cashflow 😥. We are looking into this.

*All Interest Payments will be subject to TDS (Not Applicable on Government Securities and Tax Free Bonds)
YOUR RISK
Credit Rating
Low SafetyHigh Safety
AA + /Stable
CRISIL
AA + /Stable
IND
Senior

Repayment Priority

Higher the level, higher the priority of investment repayment on default

Secured

Security with Collateral?

An investment secured with collateral helps

ISSUER
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Shriram Transport Finance Company Limited

Shriram Finance is the country’s one of the biggest retail NBFC offering credit solutions for commercial vehicles, two-wheeler loans, car loans, home loans, gold loans, personal and small business loans. In November 2022, Shriram Group’s entities – Shriram Transport Finance Company Limited, Shriram City Union Finance Limited, and Shriram Capital Limited – merged to form Shriram Finance Limited.

The ratio in FY24 is 5.47x and it was 5.52x in FY23, indicating decreasing debt levels despite there is increase in the borrowing as well as finance cost, still the issuer is able to significantly able to improve its profitability.

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Debt/EBITDA

The ratio in FY24 is 1.65x and it was 1.65x in FY23, indicating there are no changes in the debt servicing ability of the issuer.

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Interest coverage ratio

Recent News
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Shriram Housing Finance may defer in the share scale

May 31, 2023 | Shriram Transport Finance Company Limited

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Shriram Finance shares rise 1.74% as Sensex slides

Mar 26, 2024 | Shriram Transport Finance Company Limited

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Let's decode Information Memorandum

The critical document that underpins every fixed-income transaction

STEPS TO BUY THIS BOND
Complete KYCe-KYC approval in just 5 minutes!Place your OrderSwipe right to buy this Bond.Transfer funds to ICCLUse Net Banking or visit your nearest branch.SettlementSit back and relax, while we deliver your Security!
Information required for KYC
PAN Card
Bank Account Proof
Aadhaar Card
Demat Account Proof
How to exit the investment?
At MaturityThe Issuer will return your principal and redeem the bond
Sell your bond anytimeYou can sell your bond anytime you want by reaching out to your Relationship Manager.
E-Book
To know more about the Bond and the issuer, download the Information Memorandum.
E-Book
To read about the reasons for the ratings assigned to the Bond, download the Rating Rationale.
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BOND VALUE DETAILS

Face Value
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Total Investment
Cashflow for INE721A07RC0
Disclaimer: The actual dates and interest amounts can vary depending on Bank closures, holidays etc. Tax Deducted at Source (TDS) is applicable on interest receivable based on relevant tax regulations. You can avail TDS credit while filing your Income Tax Return (ITR).
Security Name
8.55% Shriram Transport Finance Company Limited 08 Sep 2032
Credit Rating
AA + /Stable by CRISIL
AA + /Stable by IND
Coupon Frequency
Yearly
Face Value
₹10,00,000
Coupon
8.550000%
YTM or YTC
YTM
Maturity Date
08/09/2032
Security
Senior Secured
No. of Bonds
1
Settlement Date
Principal Amount
₹NaN
Accrued Interest
₹NaN
Stamp Duty
₹0
Total Amount Payable
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Price
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Yield
%
YearPayment DateAmountPayout Type

Quote Not Available for purchase

Disclaimer: Investments in Debt Securities/ Municipal Debt Securities/ Securitised Debt Instruments are subject to risks including delay and/ or default in payment. Read all the Offer Related documents carefully.

Source: Issuer website, Rating Rationale, Issuer Annual Report, Information Memorandum and News from Google.

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