Deal Highlights

• STFCL is one of the leading NBFCs in the organized sector in India that cater to First Time Buyers and Small Road Transport Operators for financing pre-owned commercial vehicles
• STFCL chose to tap the equity capital markets for the first time in a decade and became the first BFSI company to raise funds via a rights issue during the Covid-19 Pandemic
• The Rights Issue comprised of 2.6 Cr equity shares priced at a discount of 18% to the last closing price (on the day before the date of announcement of terms).
• The issue witnessed solid response from investors with the issue subscribed ~1.6x
• STFC shall utilize the net proceeds from the issue to augment the capital base.

SBICAPS Value Add

• To support STFCL’s large and important retail shareholder base, SBICAPS enabled the deep ASBA-ready branch network of SBI and connected with its huge customer base and numerous retail shareholders through SBICAPS Securities.
• Through SBI network, we procured the second highest number of Applications
• Successfully completed the transaction during the tough Covid-19 times coupled with new system of issuing and trading of Rights Entitlements in Demat mode