14.30% Sakthi Finance NCD February 2024

NCD Subscription Allotment Status
Sakthi Finance NCD February 2024

Sakthi Finance NCD February 2024 Description – Incorporated in 1955, Sakthi Finance is an investment and credit company with a primary focus on financing pre-owned commercial vehicles. It also provides finance for purchasing infrastructure construction equipment, multi-utility vehicles, cars, jeeps, and other machinery. The finances provided are secured by a lien on the assets financed.

The company’s target customers predominantly comprise small/medium road transport operators and primarily hail from rural / semi-urban areas. It has identified this opportunity and positioned itself between the organized banking sector and local money lenders by offering finance at a competitive rate with flexible and speedy lending services to its customers.

Sakthi Finance operates primarily in the southern region of the country mainly in the states of Tamil Nadu and Kerala through its branch network and customer service points. The company has a network of 53 branches, located in Tamil Nadu, Kerala, Andhra Pradesh, Karnataka, Maharashtra, Haryana, and the Union Territory of Puducherry.

In addition to finance business, it generates power from windmills and sells it to the Tamil Nadu Electricity Board and Gujarat Urja Vikas Nigam Limited. At present, the company has 17 windmills with an aggregate capacity of 5,150 kW located in the states of Tamil Nadu and Gujarat.

As of 30 September 2023, the company has an Asset Under Management (AUM) (i.e. Stock on Hire) of INR 1,196.37 crore. The AUM (net of ECL provisions) has grown from INR 1,093.54 crore as of 31 March 2021 to INR 1,145 crore as of 31 March 2023 at a CAGR of 2.33%.

Promoters of Sakthi Finance – Dr. M. Manickam, and Mr. M. Balasubramaniam

Sakthi Finance NCD February 2024 Details

Subscription Dates8 – 21 February 2024
Security TypeSecured, Redeemable, Non-Convertible Debentures
Face ValueINR 1,000 per NCD
Issue PriceINR 1,000 per NCD
Issue Size (Base)INR 100 crore
Overall Issue Size (including oversubscription)INR 200 crore
Minimum Lot Size10 NCDs
Market Lot1 NCD
Tenor24 months
36 months
60 months
85 months
Credit RatingICRA BBB (Stable)
Category ReservationCategory 1 (QIB): 5%
Category 2 (NII): 15%
Category 3 (HNI): 40%
Category 4 (Retail): 40%
Basis of AllotmentFirst Come First Serve
Listing OnBSE

Sakthi Finance NCD February 2024 – Options and Coupon Rates

OptionTenureInterest PaymentCoupon RateEffective YieldMaturity Amount
Series 124 monthsMonthly9.00%9.00%INR 1,000
Series 224 monthsCumulativeNA9.74%INR 1,194.83
Series 336 monthsMonthly9.25%9.25%INR 1,000
Series 436 monthsCumulativeNA10.52%INR 1,315.66
Series 560 monthsMonthly10.25%10.25%INR 1,000
Series 660 monthsCumulativeNA13.17%INR 1658.72
Series 785 monthsCumulativeNA14.30%INR 2,013.13

Sakthi Finance Non-Convertible Debentures Lead Manager

Bonanza House, Plot No. M-2 Cama Industrial Estate,
Walbhat Road, Behind the Hub Goregaon (East), Mumbai – 400 063
Phone: +91 022 68363773 / +91 011 61271909
Email: [email protected]
Website: www.bonanzaonline.com

Sakthi Finance Non-Convertible Debentures Registrar

C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli West
Mumbai – 400 083, Maharashtra
Phone: +91 810 811 4949
Email: [email protected]
Website: www.linkintime.co.in

Sakthi Finance NCD Documents

Sakthi Finance Contact Details

62, Dr. Nanjappa Road, Post Box No. 3745,
Coimbatore – 641 018, Tamil Nadu
Phone: +91 (422) 2231471-474/4236200
Email: [email protected]
Website: www.sakthifinance.com

Sakthi Finance NCD February 2024 Subscription Status (no. of times)

21 Feb 20240.
20 Feb 20240.
19 Feb 20240.
16 Feb 20240.000.020.831.781.05
15 Feb 20240.000.020.681.580.91
14 Feb 20240.000.020.631.360.80
13 Feb 20240.000.020.591.190.71
12 Feb 20240.000.020.440.950.56
9 Feb 20240.000.020.340.610.38
8 Feb 20240.

Sakthi Finance NCD February 2024 Allotment Status

Sakthi Finance NCD February 2024 allotment status will be updated on the website of Link Intime India Private Limited website. Click on this link to get allotment status.

Sakthi Finance NCD February 2024 FAQs

What are the face value and lot size of Sakthi Finance NCD February 2024?

The NCDs will be issued at a face value of INR 1,000 each NCD and the minimum lot size is 10 NCDs.

What is the frequency of interest payment in Sakthi Finance NCD February 2024?

The frequency of payment for Sakthi Finance NCD is Monthly, & Cumulative.

What is the basis of allotment in Sakthi Finance NCD February 2024 offer?

Sakthi Finance NCDs will be allotted on a First Come First Serve Basis.


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