Ad www.AngelOne.in
FREE Account Opening + Zero AMC Fees* + MutualFund SIP1
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Ad www.AngelOne.in
NCD Status: Closed [17th Apr 2023 to 28th Apr 2023]
Sakthi Finance Limited issues secured and Redeemable NCD comprises Base issue size worth of Rs 100.00 Cr and Shelf issue size of worth Rs 200.00 Cr. The subscription is opening from 17 Apr 2023 to 28 Apr 2023. The company issues series I to VIII at an issue price of Rs. 1000 per NCD. One can subscribe to the NCD with a minimum ticket size of Rs. 10,000 (10 NCDs) . The face value of each NCD is Rs 1000. The NCD tenor is 24, 36, 48, 60 and 85 months with a coupon rate ranging from 9.00% - 14.30% per annum.
Check more about the Sakthi Finance Limited including credit rating, Coupon rates for each series, the basis of allotment, payment frequency, and more.
| NCD Opening Date: | 17th Apr 2023 |
| NCD Closing Date: | 28th Apr 2023 |
| NCD Type: | Secured NCD |
| Issue Size (Base): | ₹100.00Cr |
| Issue Size (Shelf): | ₹200.00Cr |
| Face Value: | Rs 1000 each NCD |
| Issue Price: | Rs 1000 per NCD |
| Market Lot: | 1 NCD |
| Min Order Qty: | 10 NCD |
| Min Order Amount: | Rs 10000 |
| Listing at: | BSE |
| Tenor: | 24, 36, 48, 60 and 85 months |
| Rating: | ICRA BBB (Stable) |
| Series: | Series I to IX |
| Payment Frequency: | Monthly and Cumulative |
| Basis of Allotment: | |
| Interest on return: |
Zerodha Trade@20
| NCD Activity | Date |
|---|---|
| NCD Issue Open | 17th Apr 2023 |
| NCD Issue Close | 28th Apr 2023 |
| BSE Code: | 2985 |
| BSE Script Symbol: | SFL07 |
* - Tentative Dates
| Category Name | NCD's Reserved | NCD's Allocated |
|---|---|---|
| Institutional | 50000 | 5% |
| Non-Institutional | 150000 | 15% |
| HNI | 400000 | 40% |
| Retail | 400000 | 40% |
Sakthi Finance Limited was incorporated in the year 1955. They are a part of "Sakthi Group" of companies based in Coimbatore, South India, and 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.
This is an Investment and Credit company primarily financing pre-owned commercial vehicles. They also 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. Their target customers predominantly comprise Small / Medium Road Transport Operators (SRTOs / MRTO) and primarily hail from rural / semi-urban area.
They operate primarily in the country's Southern region, mainly in the States of Tamil Nadu and Kerala through its branch network and customer service points. They have a network of 51 branches, located in Tamil Nadu, Kerala, Andhra Pradesh, Karnataka, Maharashtra, Haryana and the Union Territory of Puducherry. In addition to finance business, they generate power from windmills and sell it to Tamil Nadu Electricity Board and Gujarat Urja Vikas Nigam Limited. At present, they have 17 windmills with an aggregate capacity of 5,150 kW located in the States of Tamil Nadu and Gujarat.
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth |
|---|---|---|---|---|
| 31-Mar-20 | 1,220.01 | 170.23 | 11.18 | 158.29 |
| 31-Mar-21 | 1,237.75 | 171.34 | 9.26 | 164.89 |
| 31-Mar-22 | 1,269.43 | 181.35 | 9.52 | 170.95 |
| 30-Sep-22 | 1,293.99 | 93.85 | 5.88 | 173.70 |
| Amount in ₹ Crore | ||||
Sakthi Finance Limited NCD Coupon Rates
| # | Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 | Series 7 | Series 8 | Series 9 |
|---|---|---|---|---|---|---|---|---|---|
| Frequency of Interest Payment | Monthly | Cumulative | Monthly | Cumulative | Monthly | Cumulative | Monthly | Cumulative | Cumulative |
| Nature | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured |
| Tenor | 24 Months | 24 Months | 36 Months | 36 Months | 48 Months | 48 Months | 60 Months | 60 Months | 85 Months |
| Coupon (% per Annum) | 9.00% | NA | 9.25% | NA | 9.50% | NA | 10.25% | NA | NA |
| Effective Yield (% per Annum) | 9.00% | 9.74% | 9.25% | 10.52% | 9.50% | 11.40% | 10.25% | 13.17% | 14.30% |
| Amount on Maturity (In Rs.) | Rs 1,000.00 | Rs 1,194.83 | Rs 1,000.00 | Rs 1,315.66 | Rs 1,000.00 | Rs 1,455.80 | Rs 1,000.00 | Rs 1,658.72 | Rs 2,013.13 |
Dr. M. Manickam and Mr. M. Balasubramaniam are the company promoters.
The NCD worth Rs. 100 Cr has been rated as BBB with a stable outlook by ICRA Credit Rating Agency. An instrument with such a rating is expected to have a moderate degree of safety regarding the timely servicing of debt financial obligations.
Last Updated on 2023-05-01T03:30:20+00:00
