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NCD Status: Closed [11th Apr 2022 to 4th May 2022]
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.
| 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: |
Zerodha Trade@20
| NCD Activity | Date |
|---|---|
| NCD Issue Open | 11th Apr 2022 |
| NCD Issue Close | 4th May 2022 |
* - Tentative Dates
| Category Name | NCD's Allocated |
|---|---|
| Institutional | 5% |
| Non-Institutional | 15% |
| HNI | 40% |
| Retail | 40% |
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 (₹ 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 |
The NCD aims to raise funds for the following purposes;
| Tenure | 24 months | 24 months | 36 months | 36 months | 48 months | 48 months | 60 months | 60 months |
| Options | I | II | III | IV | V | VI | VII | VIII |
|---|---|---|---|---|---|---|---|---|
| Frequency of Interest Payment | Monthly | Cumulative | Monthly | Cumulative | Monthly | Cumulative | Monthly | Cumulative |
| Coupon Rate % Per Annum | 8.50% | NA | 8.75% | NA | '9.00% | 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 |
Dr. M. Manickam and Mr. M. Balasubramaniam are the company promoters.
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.
Last Updated on 2022-10-06T01:00:14+00:00
