Sakthi Finance NCD 2019 – Coupon Rate, Issue Dates, Issue Prospectus

Sakthi Finance Limited NCD Issue 2019

Sakthi Finance Limited, a Coimbatore, Tamil Nadu based financial services company is issuing the NCD (Non-Convertible Debentures). The company targets to raise a capital of up to Rs 15,000 lakhs through this issue. Sakthi Finance NCD 2019 opens for investment on 10th April 2019 and closes on 9th May 2019. The non-convertible debentures of face value Rs 1,000 each will be offered to investors during this issue. The company is offering a coupon rate (rate of interest) of up to 10.25% on investment.

About Sakthi Finance Limited

Sakthi Finance Limited, one of the oldest financial companies in India was incorporated in the year 1955. It is an RBI registered deposit-taking NBFC (Non-Banking Financial Company). It belongs to the Coimbatore based Sakthi Group, a reputed and well-known Industrial conglomerate having a major presence in sugar, industrial alcohol, automobile distribution, auto components, dairy, co-generation, wind energy and transportation. Sakthi Finance Limited is an asset finance company with a primary focus on financing pre-owned commercial vehicles. They provide finance for purchasing infrastructure construction equipment, multi-utility vehicles, cars, jeeps and other machinery.

The company has a network of 47 branches, located in Tamil Nadu, Kerala, Andhra Pradesh, Karnataka, Maharashtra, Haryana and Union Territory of Puducherry. In addition to the finance business, the company generates power from windmills and sell it to Tamil Nadu Electricity Board and Gujarat UrjaVikas Nigam Limited. At present, this company has 17 windmills with an aggregate capacity of 5,150 kW located in the States of Tamil Nadu and Gujarat. The company is promoted by Dr M. Manickam and Mr M. Balasubramaniam. The net worth of this company, as on 30th September 2018, stands at Rs 15,550.26 lakhs and the total asset at Rs 1,01,889.25 lakhs.

Sakthi Finance NCD 2019 – Issue Details
Issue Type Secured Unsecured Non-Convertible Debentures
Issuer Company Sakthi Finance Limited
Issue Opens 10th April 2019
Issue Closes 9th May 2019
Coupon Rate (ROI) Up to 10.25%
Face Value Rs 1,000
Issue Price Rs 1,000
Minimum Order Quantity 10 NCD (Rs 10,000)
Issue Size Up to Rs 15,000 Lakhs
Listing  BSE
Listing Date Within 6 Working Days of Issue Closing Date
Sakthi Finance NCD 2019 – Objects of the Issue

The following are the objectives of this upcoming NCD Issue:-

  1. For the purpose of onward lending, financing, and for repayment/ prepayment of interest and principal of
    existing borrowings of our company, and
  2. General corporate purposes.
Rating of the Sakthi Finance NCD Issue

This NCD issue by Sakthi Finance Limited is rated as [ICRA] BBB (Outlook: Stable) by ICRA Limited.

Sakthi Finance Limited – Company Contact Details

Address: 62, Dr Nanjappa Road, Post Box No. 3745, Coimbatore, Tamil Nadu – 641 018

Telephone: +91-422-2231471-474/4236200

Website: www.sakthifinance.com

Sakthi Finance NCD 2019 – Lead Manager of the Issue

The lead manager to this upcoming IPO issue is Dalmia Securities Private Limited.

Sakthi Finance NCD 2019 – Registrar of the Issue

The registrar to this upcoming IPO issue is S. K. D. C. Consultants Limited.

Sakthi Finance NCD 2019 – Debenture Trustee

The trustee of this debenture issued by Sakthi Finance Limited is Catalyst Trusteeship Limited.

Issue Documents

Please read the final issue prospectus for detailed information of Sakthi Finance NCD issue 2019.

Disclaimer: This post is just information about the scheme. It does not give any advice or recommendation. Investment in securities is subject to market risk. Please read the offer document carefully before investing. It is also advised to consult your financial advisor of necessary suggestions. 

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Tags: #debenture #nonconvertible debenture #bond #Investment #NCD #Sakthi Finance NCD 2019

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