12.77% Sakthi Finance NCD April 2022 Review, Subscription, Allotment

NCD Subscription Allotment Status
Sakthi Finance NCD

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 Dates11 April – 4 May 2022
Security TypeSecured, Redeemable, Non-Convertible Debentures
Face ValueINR1,000 each NCD
Issue PriceINR1,000 per NCD
Issue Size (Base)INR50 crore
Overall Issue Size (including oversubscription)INR100 crore
Minimum Lot size10 NCDs
Market Lot1 NCD
Tenor24 months
36 months
48 months
60 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 April 2022 – Options and Coupon Rates

OptionTenureInterest PaymentCoupon RateEffective YieldMaturity Amount
Series 124 monthsMonthly8.50%8.50%INR1,000
Series 224 months CumulativeNA9.16%INR1,183.20
Series 336 monthsMonthly8.75%8.75%INR1,000
Series 436 months Cumulative NA9.88%INR1,296.50
Series 5 48 months Monthly 9.00%9.00%INR1,000
Series 6 48 months Cumulative NA10.69%INR1,427.62
Series 7 60 months Monthly 10.00%10.00%INR1,000
Series 8 60 months Cumulative NA12.77%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
22 Apr 20220.
21 Apr 20220.000.161.983.492.21
20 Apr 20220.000.131.773.091.96
19 Apr 2022
18 Apr 20220.000.001.422.161.44
13 Apr 20220.
12 Apr 20220.000.000.850.910.70
11 Apr 2022

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.



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