SHRIRAM HOUSING FINANCE LIMITED Coupon 8.8% | Corporate Bond

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Earn 11.27% p.a

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Returns (YTM)

N/A

Min. Investment

N/A

Remaining Tenure

3Y 1M 9Days

Payment Terms

Yearly

Highlights

Credit Rating

IND AA+/STABLE

Seniority

SENIOR

Security

Secured

Default History

Zero

About Issuer

SHRIRAM HOUSING FINANCE LIMITED

Ramamurthy Thyagarajan, AVS Raja, and T. Jayaraman cofounded Shriram Group in 1974. In the year 2017, Shriram Group could generate revenue of more than Rs.75,000 Crore and around 45 thousand employees are working in Shriram Group. Shriram Group promotes Shriram Housing Finance Limited. SHFL received a certificate of registration from NHB (National Housing Bank) in 2011. It is headquartered in Chennai, Tamil Nadu. SHFL is into lending loans for the purchase or construction of residential space and loans against property. SHFL has served more than 28,000 customers and operates via 65 customer touchpoints. SHFL has employed more than 700 people. Total Asset Under Management is 2,305 Crore(source: Annual Report F.Y. 2019-20). Mr.Subramanian Jambunathan is presently leading the team at SHFL as Managing Director & CEO.

Total Annual Revenue

366 Cr (FY 2019-20)

Year of Inception

1974

Industry

Corporate

Head Office

Chennai

Type of Issuer

Corporate

Current MD/CEO

Subramanian Jambunathan

Credit Rating / Outlook

AA+ STABLE

IND

Credit rating by different rating agencies indicates the bond issuer’s ability to repay its debt obligations. A bond can be rated by one or more SEBI registered credit rating agencies e.g. CRISIL, CARE, ICRA, IND, BWR, ACUITE, INFOMERICS.
Bonds/NCDs with AA credit rating are considered to have a high degree of safety regarding timely servicing of debt obligations. Such Bonds/NCDs carry very low credit risk.
Stable Outlook suggests that the rating is unlikely to change significantly in the near to medium term, indicating a stable credit profile of the issuer.

Other Important Details & Disclosures

Issuer Name

SHRIRAM HOUSING FINANCE LIMITED

Security Name

ISIN

Copy

INE432R07380

Face Value

₹ 1,00,000

Coupon Rate

8.8%

Coupon Type

FIXED

Payment Terms

Yearly

Maturity Date

1-Dec-2026

Clean Price

₹ 100.74

Dirty Price

Current Yield

Yield to Maturity

8.51%

Mode of Issue

Private Placement

Date of Issue

1-Jun-2023

Listed

Yes

Instrument Type

Taxable

Security

Secured

Seniority

SENIOR

Perpetual

Trustee Details

Beacon Trusteeship Ltd

Registrar Details

2nd Floor Kences Towers No.1, Ramakrishna Street, North Usman Road Chennai 600 017

Looking For More Information ?

Request Prospectus

Taxation

10%

TDS on Interest Income*

*Given TDS is indicative and fully claimable while filing ITR. The interest income from this bond will be taxable and will appear in the additional source of income in your ITR. Please consult your tax advisor for precise taxation details
As a listed bond, it is subject to capital gains tax based on the holding period. A holding period of less than 1 year qualifies as short-term, while more than 1 year qualifies as long-term.
You can submit your Form 15G/15H to the registrar and debenture trustee of the bond to avoid the TDS deduction. Download Form

Registrar details: NA 2nd Floor Kences Towers No.1, Ramakrishna Street, North Usman Road Chennai 600 017

This bond is
currently out of stock

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FAQs about SHRIRAM HOUSING FINANCE LIMITED bonds

How to buy this SHRIRAM HOUSING FINANCE LIMITED bond online?

You can invest in bonds online in under 5 minutes. To buy SHRIRAM HOUSING FINANCE LIMITED bond online follow the steps below:

Login/signup at GoldenPi
Upload your documents online to complete the KYC
Pay online via payment gateway and receive bond units in your demat account

What is the yield of this SHRIRAM HOUSING FINANCE LIMITED bond?

8.51% is the current yield of this SHRIRAM HOUSING FINANCE LIMITED bond. A bond’s current yield indicates the annual return based on its current market price and annual coupon payment.
In addition to current yield, the yield to maturity (YTM) of this SHRIRAM HOUSING FINANCE LIMITED bond is 8.51%, which indicates the total expected return if the bond is held till the maturity date. It is calculated using the XIRR method considering current price, face value, coupon payments, and time to maturity.

Is it safe to invest in bonds?

Investing in bonds is relatively a safer option but it depends on factors like:

The creditworthiness of the issuer indicated by the credit rating
The debt quality of the bond indicated by its seniority and security
Your investment goals and risk appetite

If you are an existing bond investor and want to sell your bond holdings before maturity, you can do so through the secondary market. This can be done either through exchanges such as BSE or NSE, or you can also request a quote from your relationship manager at GoldenPi.

How to redeem this SHRIRAM HOUSING FINANCE LIMITED bond?

To redeem this SHRIRAM HOUSING FINANCE LIMITED bond, bond, kindly first check its redemption value and redemption schedule. This can be found by downloading the cash flow from the “Calculate Your Returns” section of this page or by contacting the support team at GoldenPi.
Once you buy this bond, the units would be reflected in your demat account.
Upon maturity, the bond units held in your demat account will be automatically debited on the maturity date, and if the maturity date falls on a bank holiday, the redemption amount will be paid out on the next working day.
The funds will be credited to the bank account linked to your demat account. The process of redeeming this SHRIRAM HOUSING FINANCE LIMITED bond is generally simple and straightforward. Contact our support team for more information.

Is this SHRIRAM HOUSING FINANCE LIMITED bond tax-free?

No, this SHRIRAM HOUSING FINANCE LIMITED bond is not tax free. The interest income received from these bonds will be treated as “income from other sources” in the ITR and the tax will be calculated as per your income tax slab.

To know more about taxation in detail please read this article: https://goldenpi.com/blogessentials/bond-market/taxation-on-gains-from-bond-investments/

Can I sell this SHRIRAM HOUSING FINANCE LIMITED bond before the maturity date?

Yes, it is possible to sell this SHRIRAM HOUSING FINANCE LIMITED bond before maturity. However, as the sale process happens in the secondary market, the price can be determined by a variety of factors, including interest rates, credit ratings, company performance, and market demand.

To know more about the sale process, contact us at https://goldenpi.com/contact-us

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Highlights

About Issuer

SHRIRAM HOUSING FINANCE LIMITED

Credit Rating / Outlook

Other Important Details & Disclosures

Taxation

How to buy this SHRIRAM HOUSING FINANCE LIMITED bond online?

What is the yield of this SHRIRAM HOUSING FINANCE LIMITED bond?

Is it safe to invest in bonds?

How to redeem this SHRIRAM HOUSING FINANCE LIMITED bond?

Is this SHRIRAM HOUSING FINANCE LIMITED bond tax-free?

Can I sell this SHRIRAM HOUSING FINANCE LIMITED bond before the maturity date?

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