Sakthi Finance NCD April 2022 description – Sakthi Finance, incorporated in the year 1955, is a an investment and credit company with primary focus on financing pre-owned commercial vehicles.
It is registered with RBI, under section 45-IA of the Reserve Bank of India Act, 1934, with Department of Non-Banking Supervision, Chennai, as a NBFC Deposit-taking – Investment and Credit Company (earlier termed as Asset Financing Company).
It also provides 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. Our target customers predominantly comprise Small / Medium Road Transport Operators (“SRTOs / MRTOs”) and primarily hail from rural / semi-urban area.
It operate primarily in the Southern region of the country mainly in the states of Tamil Nadu and Kerala through branch network and customer service points. It has a network of 51 branches, located in Tamil Nadu, Kerala, Andhra Pradesh, Karnataka, Maharashtra, Haryana and Union Territory of Puducherry. In addition to finance business, it generates power from windmills and sells it to Tamil Nadu Electricity Board and Gujarat Urja Vikas Nigam Limited. At present, it has 17 windmills with an aggregate capacity of 5,150 kW located in the states of Tamil Nadu and Gujarat.
Lead Managers of Sakthi Finance – Sundae Capital Advisors, Tipsons Consultancy Services, and Trust Investment Advisors
Sakthi Finance NCD April 2022 Detail
| Subscription Dates | 11 April – 4 May 2022 |
| Security Type | Secured, Redeemable, Non-Convertible Debentures |
| Face Value | INR1,000 each NCD |
| Issue Price | INR1,000 per NCD |
| Issue Size (Base) | INR50 crore |
| Overall Issue Size (including oversubscription) | INR100 crore |
| Minimum Lot size | 10 NCDs |
| Market Lot | 1 NCD |
| Tenor | 24 months 36 months 48 months 60 months |
| Credit Rating | ICRA BBB Stable |
| Category Reservation | Category 1 (QIB): 5% Category 2 (NII): 15% Category 3 (HNI): 40% Category 4 (Retail): 40% |
| Basis of Allotment | First Come First Serve |
| Listing On | BSE |
Sakthi Finance NCD April 2022 – Options and Coupon Rates
| Option | Tenure | Interest Payment | Coupon Rate | Effective Yield | Maturity Amount |
| Series 1 | 24 months | Monthly | 8.50% | 8.50% | INR1,000 |
| Series 2 | 24 months | Cumulative | NA | 9.16% | INR1,183.20 |
| Series 3 | 36 months | Monthly | 8.75% | 8.75% | INR1,000 |
| Series 4 | 36 months | Cumulative | NA | 9.88% | INR1,296.50 |
| Series 5 | 48 months | Monthly | 9.00% | 9.00% | INR1,000 |
| Series 6 | 48 months | Cumulative | NA | 10.69% | INR1,427.62 |
| Series 7 | 60 months | Monthly | 10.00% | 10.00% | INR1,000 |
| Series 8 | 60 months | Cumulative | NA | 12.77% | INR1,638.62 |
Sakthi Finance NCD Registrar
Link Intime India Private Limited
C-101, 1st Floor,
247 Park, Lal Bahadur Shastri Marg,
Vikhroli (West), Mumbai 400 083,
Maharashtra, India
Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email: [email protected]
Website: www.linkintime.co.in
Sakthi Finance NCD Documents
Sakthi Finance Contact Details
Sakthi Finance Limited
62, Dr. Nanjappa Road,
Post Box No. 3745,
Coimbatore – 641 018
Phone: +91 (422) 2231471-474
E-mail: [email protected]
Website: www.sakthifinance.com
Sakthi Finance NCD April 2022 Subscription Status (no. of times)
| Category 1 (QIB) | Category 2 (Corporates) | Category 3 (HNI) | Category 4 (Retail) | Total | |
| 25 Apr 2022 | 0.00 | 0.16 | 2.01 | 3.67 | 2.30 |
| 22 Apr 2022 | 0.00 | 0.16 | 2.00 | 3.61 | 2.27 |
| 21 Apr 2022 | 0.00 | 0.16 | 1.98 | 3.49 | 2.21 |
| 20 Apr 2022 | 0.00 | 0.13 | 1.77 | 3.09 | 1.96 |
| 19 Apr 2022 | 0.00 | 0.13 | 1.61 | 2.62 | 1.71 |
| 18 Apr 2022 | 0.00 | 0.00 | 1.42 | 2.16 | 1.44 |
| 13 Apr 2022 | 0.00 | 0.00 | 1.05 | 1.15 | 0.88 |
| 12 Apr 2022 | 0.00 | 0.00 | 0.85 | 0.91 | 0.70 |
| 11 Apr 2022 | 0.00 | 0.00 | 0.56 | 0.47 | 0.41 |
Sakthi Finance NCD April 2022 Allotment Status
Sakthi Finance NCD April 2022 allotment status will be updated at the website of Link Intime’s website. Click on this link to get allotment status.
Sakthi Finance NCD April 2022 FAQs
What is the face value and lot size of Sakthi Finance NCD April 2022?
The NCDs will be issued at a face value of INR1,000 each NCD and the minimum lot size is 10 NCDs.
What is the frequency of interest payment in Sakthi Finance NCD April 2022?
The frequency of payment for Sakthi Finance NCD is Monthly and Cumulatively.
What is basis of allotment in Sakthi Finance NCD April 2022 offer?
Sakthi Finance NCDs will be allotted on a First Come First Serve Basis.
