Sakthi Finance NCD Apr 2022 Issue Analysis @ Chanakyanipothi.com , India`s Oldest & most Trusted Investment Blog.Operational since 8th December 1999, We are the Only Investment Platform in India, which has successfully completed 22 Years

Sakthi Finance NCD Apr 2022 Details

Sakthi Finance Company Detailssakhi finance NCD issue
Sakhi finance is actively involved in supporting dreams of countless commercial operators since 1955. Sakthi Finance is a NBFC which offers financing on pre-owned commercial vehicles, infrastructure construment equipments, multi-utility vehicles, cars, jeeps, and machinery. It provides secured finance by lien on the assets financed. Its customers include Small and Medium Road Transport Operators from rural and semi-urban areas. Its focus area is   southern region of India and has a branch network of 51 branches in Tamil Nadu, Kerala, Andhra Pradesh, Karnataka, Maharashtra, Haryana and Union Territory of Puducherry.

In addition, it also general power from windmills and sell it to Tamil Nadu Electricity Board and Gujarat Urja Vikas Nigam Limited. Currently, the business has 17 windmills with an aggregate capacity of 5,150 kW . For more information, click http://www.sakthifinance.com/

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

Objects of the Issue
The company proposes to utilise the funds for the purpose of onward lending, financing and for repayment / prepayment of principal and interest of existing borrowing

Sakthi Finance NCD Apr 2022 Details
Issue Opens on Apr 11, 2022 –
Issue closes on May 4, 2022
Security Name Sakthi Finance Limited
Security Type Secured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Issue Size (Base) Rs 50.00 Crores
Issue Size (Shelf) Rs 50.00 Crores
Issue Price Rs 1000 per NCD
Face Value Rs 1000 each NCD
Minimum Lot size 10 NCD
Market Lot 1 NCD
Listing At BSE
Credit Rating ICRA BBB (Stable)
Tenor 24, 36, 48, and 60 months
Series Series I to VIII
Payment Frequency Monthly and Cumulative
Basis of Allotment First Come First Serve basis

Series I II III IV V VI VII VIII
Nature Secured NCDs
Tenure 24 months 24 months 36 Months 36 months 48 months 48 months 60 months 60 months
Frequency of Interest Payment Monthly Cumulative Monthly Cumulative Monthly Cumulative Monthly Cumulative
Minimum Application 10,000 (10 NCDs)
In Multiples of 1 NCD or Rs. 1,000
Face Value of NCDs (Rs /NCD) Rs 1000 (1 NCD)
Issue Price (Rs /NCD) Rs 1000 (1 NCD)
Mode of Interest Payment/Redemption Through various modes available
Coupon (% per annum) for NCD Holders 8.50% NA 8.75% NA 9.00% NA 10.00% NA
Effective Yield for NCD Holders  8.50%  9.16%  8.75%  9.88%  9.00%  10.69%  10.00%  12.77%
Amount (Rs./ NCD) on maturity 1000 1183.2 1000 1296.5 1000 1427.6 1000 1638.6
Put and Call Option NA

Sakthi Finance NCD Apr 2022 Rating
The NCD worth Rs. 100 Cr has been rated as BBB with a stable outlook by ICRA Credit Rating Agency. Instrument with such rating are expected to have a moderate degree of safety regarding timely servicing of debt financial obligations.

Sakthi Finance NCD Apr 2022 Financial & Analytical Ratios
For the year 2020-21
Total Revenue Rs. 88.80 Cr
Net Profit after Tax Rs.5.25 Cr.
Secured Borrowings Rs. 582.42 Cr
UnSecured Borrowings Rs. 495.49 Cr.

Sakthi Finance NCD Apr 2022 Lead Managers
Dalmia Securities Private Limited
Registrar to Sakthi Finance NCD Apr 2022
Link Intime India pvt ltd
Debenture Trustee for Sakthi Finance NCD Apr 2022
Catalyst Trusteeship ltd

Registered Office of Sakthi Finance
62, Dr. Nanjappa Road, Post Box No. 3745, Coimbatore – 641 018, Tamil Nadu
Company Secretary & Compliance Officer : Shri S. Venkatesh

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