Sakthi Finance NCD 2022 Isue Date, Rating & Interest Rates

Sakthi Finance NCD 2022

Sakthi Finance NCD 2022 are Open on 11 April 2022 and to close on 04 May 2022. The Company will offer 12.77% interest rates on the NCD Bonds. And NCD tenure will be applicable for 24 months, 36 months, 48 months, and 60 months. The company will raise Base fund of ₹50 crores and Shelf Fund ₹50 crores through this NCD, the company has fixed the NCD price band at ₹1000 for this according to the face value of ₹1000.

Sakthi Finance Limited is an Investment and Credit company with primary focus on financing pre-owned commercial vehicles. The company provide finance for purchasing infrastructure construction equipment, multi-utility vehicles, cars, jeeps and other machinery. The finances provided are secured by lien on the assets financed. The company target customers predominantly comprise Small / Medium Road Transport Operators (“SRTOs / MRTOs”) and primarily hail from rural / semi-urban area.

The SRTOs / MRTOs looks for speedy disposal of finance at competitive rates. We have identified this opportunity and positioned ourselves between the organized banking sector and local money lenders by offering the finance at competitive rate with flexible and speedy lending services to our customers. Company operate primarily in the Southern region of the country mainly in the States of Tamil Nadu and Kerala through our branch network and customer service points.

Read also: Upcoming IPO List 2022

The company network of 51 branches, located in Tamil Nadu, Kerala, Andhra Pradesh, Karnataka, Maharashtra, Haryana and Union Territory of Puducherry. In addition to finance business, The company generate power from windmills and sell it to Tamil Nadu Electricity Board and Gujarat UrjaVikas Nigam Limited. At present, we have 17 windmills with an aggregate capacity of 5,150 kW located in the States of Tamil Nadu and Gujarat

Objects of the Issue :

  • For the purposeof on-ward lending, financing and for repayment / prepayment of principal andinterest of existing borrowings (including redemption of NCDs which would become due for redemption) of the Company.
  • For general corporate purposes.

Sakthi Finance NCD Review :

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Sakthi Finance NCD Security Name :

■ Sakthi Finance Limited

Sakthi Finance NCD Security Type :

■ Secured, Redeemable, Non-Convertible Debentures (Secured NCDs)

Sakthi Finance NCD Ratings

AgencyRating
ICRABBB, Stable Outlook

Sakthi Finance NCD 2022 Bonds Issue Details :

Issue Open 11 April 2022
Issue Close04 May 2022
Issue Base Size₹50 Cr.
Issue Shelf Size₹50 Cr.
Price Band₹1000 Per NCD
Face Value₹1000 Each NCD
Interest Rate12.77% Annual
Listing onBSE Platform
Sakthi Finance NCD 2022

Sakthi Finance NCD Market Lot :

Market Lot :1 Lot
Minimum Lot size :10 NCD
Minimum Investment :₹10,000

Sakthi Finance NCD 2022 Bond Issue Tenure & Interest Rates :

SR12345678
Tenure24 Month24 Month36 Month36 Month48 Month48 Month60 Month60 Month
NatureSecuredSecuredSecuredSecuredSecuredSecuredSecuredSecured
InterestMonthlyCumulativeMonthlyCumulativeMonthlyCumulativeMonthlyCumulative
Coupon Rate8.50%N/A8.75%N/A9.00%N/A10.00%N/A
Effective Yield8.50%9.16%8.75%9.88%9.00%10.69%10.00%12.77%
Maturity10001183.2010001296.5010001427.6210001638.62
Upstox Referal

Sakthi Finance Company Financial Report ( in lakh )

YearRevenueExpensesPAT
2021-6M₹8880.44₹8176.88₹525.19
2021₹17133.66₹15876.22₹925.79
2020₹17023.01₹15621.98₹1117.94
2019₹16809.79₹15430.48₹957.49
Read also: All Upcoming IPO Grey Market Premium 2022

Company Promoters :

■ Dr. M. Manickam

Quick Link :

DRHP Draft Prospectus
RHP Draft Prospectus

Sakthi Finance NCD Lead Managers :

■ Dalmia Securities Private Limited

Sakthi Finance NCD Debenture Trustee :

Catalyst Trustee Ship Limited
‘GDA House’, First Floor,
Plot No 85Bhusari Colony (Right),
Paud Road, Pune – 411 038
Tel No: + 91 (20) 66807200
Fax No: + 91 (20) 25280275
Email: [email protected]
Website: www.catalysttrustee.com

Sakthi Finance NCD Registrar :

Link Intime India Private Limited
C-101, First Floor, 247 Park,
Lal Bahadur Shastri Marg,
Vikhroli (West), Mumbai – 400 083
Tel No: 91 (22) 4918 6200
Fax No: 91 (22) 4918 6195
Email : [email protected]
Website: www.linkintime.co.in

Company Address :

Sakthi Finance Limited
62, Dr. Nanjappa Road, Post Box No. 3745,
Coimbatore – 641 018, Tamil Nadu
Phone: +91 (422) 2231471-474
Email: [email protected]
Website: http://www.sakthifinance.com

Sakthi Finance NCD 2022 FAQs:

What is Sakthi Finance NCD 2022?
Sakthi Finance NCD is Security Bond.

When Sakthi Finance NCD 2022 will open?
The Sakthi Finance NCD 2022 is to open on 11 April 2022 – 04 May 2022.

What is the Sakthi Finance NCD 2022Size?
Sakthi Finance NCD size is ₹100 Crores.

What is the issue Shelf size of Sakthi Finance NCD 2022?
The Shelf size of Sakthi Finance NCD ₹50 Cr.

What is the issue Base size of Sakthi Finance NCD 2022?
The Base size of Sakthi Finance NCD ₹50 Cr.

What is Sakthi Finance NCD Price Band?
Sakthi Finance NCD Price Band is ₹1000 Per NCD.

What is Sakthi Finance NCD Minimum Lot Size?
The Sakthi Finance NCD Minimum Lot Size 10.

What is Sakthi Finance NCD Interest Rate?
The Sakthi Finance NCD Interest Rate is 12.77% Annual.

What is the Sakthi Finance NCD Allotment Date?
Sakthi Finance NCD allotment date is Not Declare.

What is Sakthi Finance NCD Listing Date?
Sakthi Finance NCD listing date is Not Declare. The NCD to list on BSE.

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Sakthi Finance NCD 2022 Isue Date, Rating & Interest Rates
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