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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