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Sakthi Finance NCD April 2022 Details

NCD Status: Closed [11th Apr 2022 to 4th May 2022]

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Sakthi Finance NCD Detail

Sakthi Finance NCD of Rs. 50 Cr with a shelf size of Rs. 50 Cr opens for subscription from 11 April to 4 May 2022. The company issues series I to VIII secured and redeemable NCD at an issue size of Rs. 1000 per NCD. One can subscribe to the NCD with a minimum ticket size of Rs. 10,000 (10 NCDs), and the NCD tenor is 24, 36, 48, and 60 months. Check more about the Sakthi Finance NCD Apr 2022 including credit rating, Coupon rates for each series, the basis of allotment, payment frequency, and more.

Sakthi Finance NCD Details

NCD Opening Date: 11th Apr 2022
NCD Closing Date: 4th May 2022
NCD Type: Secured NCD
Issue Size (Base): Rs. 50 Cr
Issue Size (Shelf): Rs. 50 Cr
Face Value: Rs 1000 each NCD
Issue Price: Rs 10,000 per NCD
Market Lot: 1 NCD
Min Order Qty: 10 NCDs NCD
Min Order Amount: Rs 10,000
Listing at: BSE
Tenor: 24, 36, 48, and 60 months
Rating: ICRA BBB/ Triple B with a stable outlook
Series: Series I to VIII
Payment Frequency: Monthly and Cumulative
Basis of Allotment: First Come First Serve Basis
Interest on return:
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  • NCD Important Dates

    Action Dates
    NCD Activity Date
    NCD Issue Open 11th Apr 2022
    NCD Issue Close 4th May 2022

    * - Tentative Dates

    Offer Details

    Category Name NCD's Allocated
    Institutional 5%
    Non-Institutional 15%
    HNI 40%
    Retail 40%

    About Company - Sakthi Finance

    Sakthi inance is a part of Sakhti Group based in Coimbatore, South India, an Industrial conglomerate with major presence in the sugar, industrial, alcohol, automobile distribution, auto components, dairy, etc. akhti Finance Ltd is an investment and credit company with primary focus to finance pre-owned commercial vehicles. It further offers finacing for purchasing infrastructure constrution equipments, multi-utility vehicles, cars, jeeps, and other machinery. Small/ Medium Road Transport Operators are ts target customers. The company operate primarily in the Southern region in the states of Tamil Nadu and Kerala. It has a network of 51 branches in Tamil Nadu, Kerala, ndhra Pradesh, Karnataka, Maharashtra, Haryana and Union Territory of Puducherry. Apart from this, it generates power from windmills and sell it to Tamil Nadu Electricity Board and Gujarat Urja Vikas Nigam Ltd. At present, it has 17 windmills with an aggregate capacity of 5,150 KW in the states of Tamil Nadu and Gujarat. s on September 30, 2021, it has an Asset Under Management of Rs. 1,06,743.99 Lakh

    Sakthi Finance Financials

    Sakthi Finance Financials (₹ in Lakhs) 30-Sep-2021 31-Mar-2021 31-Mar-2020/th> 31-Mar-2019th>
    Total Assets ₹1,30,781.33 ₹1,24,043.44 ₹1,22,001.22 ₹1,10,061.98
    Total Income ₹8,880.44 ₹17,133.66 ₹17,023.01 ₹16,809.79
    Net Profit/Loss ₹525.19 ₹925.79 ₹1,117.94 ₹957.49

    Sakthi Finance NCD Objective

    The NCD aims to raise funds for the following purposes;

    • For the purpose of onward lending, financing, and for repayment and or prepayment of principal and interest on existing borrowings.
    • Meet general corporate purposes.

    Coupon Rates for Each Series

    Tenure 24 months 24 months 36 months 36 months 48 months 48 months 60 months 60 months
    Frequency of Interest Payment Monthly Cumulative Monthly Cumulative Monthly Cumulative Monthly Cumulative
    Coupon Rate % Per Annum 8.50% NA 8.75% NA9.00% NA 10.00% NA
    Effective Yield (% per annum) 8.50% 9.16% 8.75% 9.88% 9.00% 10.69% 10.00% 12.77%
    Amount on Maturity ₹1,000 ₹1,183.20 ₹1,000 ₹1,296.50 ₹1,000 ₹1,427.62 ₹1,000 ₹1,638.62
    Maturity/ Redemption Date ₹24 ₹24 ₹36 ₹36 ₹48 ₹48 ₹60 ₹60

    Sakthi Finance NCD Promoters

    Dr. M. Manickam and Mr. M. Balasubramaniam are the company promoters.

    Sakthi Finance NCD Rating Details

    ICRA Ltd credit rating agency has rated the Sakhti Finance Ltd as as ICRA BBB Stable for an amount of Rs. 100 Cr. The rating indicates a moderate degree of safety regarding timely servicing of financial obligations.

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    Sakthi Finance NCD Imporatant Links

    • Sakthi Finance NCD DRHP >>Sakthi Finance NCD Draft Prospectus is not yet available.
    • Sakthi Finance NCD RHP >>Sakthi Finance NCD Red Herring Prospectus is not yet available.
    • Sakthi Finance NCD DRHP Shelf >>Document
    • Sakthi Finance NCD RHP Shelf >>Document
    • Sakthi Finance NCD Allotment Status >>Sakthi Finance NCD Allotment is not declared yet, we will provide the link for status once allotment is out.

    Company Address

    Sakthi Finance Limited
    62, Dr. Nanjappa Road, Post Box No. 3745,
    Coimbatore,Tamil Nadu-
    Phone: +91 (422) 2231471-474
    Email: [email protected]

    Sakthi Finance NCD Registrar

    Link Intime India Private Ltd
    Link Intime India Private Ltd
    C 101, 247 Park, L.B.S.Marg,
    Vikhroli (West), Mumbai - 400083
    Phone: +91-22-4918 6270
    Email: [email protected]

    Sakthi Finance NCD Lead Manager

    1. Dalmia Securities Private Limited
    Sakthi Finance NCD Important dates - Issue Open Date, close Date, NCD Listing Date. NCD Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, NCD Listing date. What is the issue open date and close date for Sakthi Finance? Should I apply in Sakthi Finance NCD?

    Last Updated on 2022-10-06T01:00:14+00:00

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