Shriram Transport Finance NCD at 11.6%

Shriram transport is coming up with Non-convertible Debentures with 11%+ interest rate. They are collecting Rs 500 Cr and additional Rs 500 Cr ( if required) for 3 years or 5 years.

Why its to good to go for ?

1. They offer annual 11.6% interest. No banks are offering this high interest 
2. Its for 5 years !!! other banks are offering about 10% for about 2 years
3. Its in de-mat form
4. You can sell it if you want money anytime thru broker. They will trade on NSE. In Banks you will loose a percent 
5.  They dont deduct TDS on it ( although its taxable !!! ) 
6. CRISIL rating of AA. Its High Safety ( http://www.crisil.com/ratings/credit-rating-scale.html) 
7. Shriram Transport Finance company (STFC) is extremely good in position. Many banks in fact loan to STFC because they cant get into the business that STFC is in. They loan to truck owners 
8. Its profit grew from 190 Cr to 1229 Cr in just 5 years. It has to be in good position

Only thing you got to remember is, its first come first serve. Normally this kind of good NCD issues get absorbed within a day. If you want details - 

1. NCD form directly from STFC site - NCD download

2. Details of Prospectus - STFC - Investors