The Sakthi Finance Limited Issue Open was confirmed from June 20, 2024 – July 3, 2024. Read the post to learn about Sakthi Finance Limited NCD.
Sakthi Finance Limited, a branch of the Sakthi Group in Coimbatore, South India, was founded in 1955. The company specializes in providing financial assistance for used commercial vehicles, as well as machinery, cars, jeeps, and multi-purpose vehicles used in infrastructure development. The loans are backed by a lien on the assets being financed.
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Key Details Of Sakthi Finance Limited
Issue Dates
June 20–July 3
Issue Price
Rs 1000 per NCD
Face Value
Rs 1000 each NCD
Market Lot
1 NCD
Sakthi Finance Limited NCD
The Sakthi Finance Limited NCD Face Value is Rs 1000 each NCD.
Sakthi Finance Limited NCD Overview
The business operates 54 branches across Tamil Nadu, Kerala, Andhra Pradesh, Karnataka, Maharashtra, Haryana, and Puducherry. It produces electricity using wind turbines and supplies it to the Tamil Nadu Electricity Board and Gujarat Urja Vikas Nigam Limited. Sakthi Finance currently owns 17 wind power plants with a combined capacity of 5,150 kW in Tamil Nadu and Gujarat.
Sakthi Finance Limited NCD Detail
| Issue Open | June 20, 2024 – July 3, 2024 |
| Security Name | Sakthi Finance Limited |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Issue Size (Base) | Rs 75.00 Crores |
| Issue Size (Oversubscription) | Rs 75.00 Crores |
| Overall Issue Size | Rs 150.00 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) by ICRA Limited. |
| Tenor | 24, 36, 60 and 85 months |
| Series | Series I to VII |
| Payment Frequency | Monthly and Cumulative |
| Basis of Allotment | First Come First Serve Basis |
| Debenture Trustee/s | Catalyst Trusteeship Limited |
Sakthi Finance Limited Financial Information
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 1,381.26 | 1,300.58 | 1,269.43 | 1,240.43 |
| Revenue | 152.59 | 191.94 | 181.35 | 171.34 |
| Profit After Tax | 11.52 | 12.49 | 9.52 | 9.26 |
| Net Worth | 185.21 | 179.27 | 170.95 | 164.89 |
| Amount in ₹ Crore | ||||
Sakthi Finance Limited NCD Coupon Rates
| # | Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 | Series 7 |
|---|---|---|---|---|---|---|---|
| Frequency of Interest Payment | Monthly | Cumulative | Monthly | Cumulative | Monthly | Cumulative | Cumulative |
| Nature | Secured | Secured | Secured | Secured | Secured | Secured | Secured |
| Tenor | 24 Months | 24 Months | 36 Months | 36 Months | 60 Months | 60 Months | 85 Months |
| Coupon (% per Annum) | 9.00% | NA | 9.25% | NA | 10.25% | NA | NA |
| Effective Yield (% per Annum) | 9.00% | 9.31% | 9.25% | 9.58% | 10.25% | 10.65% | 10.38% |
| Amount on Maturity (In Rs.) | Rs 1,000.00 | Rs 1,194.83 | Rs 1,000.00 | Rs 1,315.66 | Rs 1,000.00 | Rs 1,658.72 | Rs 2,013.13 |
Sakthi Finance Limited NCD Allocation Ratio
Company Profile
Established in 1955, our journey is filled with tradition, legacy, and resilience. Originally known as Pollachi Credit Society Private Limited, Sakthi Finance was founded in Pollachi to serve the hiring and purchasing needs of TELCO dealerships within the Sakthi Group. With over 60 years of experience, we have evolved into a prominent NBFC in South India, focusing on financing commercial vehicles and construction equipment purchases.
The company operates over 50 branches in the southern states of Andhra Pradesh, Karnataka, Kerala, Tamil Nadu, and
Telangana. As the company focuses on serving customers in need of refinancing options for their commercial vehicles and construction equipment, our goal is to support every customer’s path to success by offering fast, flexible, and trustworthy services.
Registrar Info
| Name | Link Intime India Private Ltd |
| Phone number | +91-22-4918 6270 |
| Email ID | [email protected] |
| Website | linkintime.co.in |
Contact Details
| Name | Sakthi Finance Limited |
| Phone number | +91 (422) 2231471 |
| Email ID | [email protected] |
| Website | akthifinance.com |
NCD Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
NCD Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
