Sakthi Finance Limited Price, Ratio & Allotment Details

Sakthi Finance Limited NCD Issue Record Date, Price & Details

Sakthi Finance Limited, an affiliate of the Sakthi Group of firms situated in Coimbatore, South India, was founded in 1955 as an investment and credit company with a major focus on financing used commercial vehicles.

Sakthi Finance

The organisation also provides financing for the purchase of machinery, cars, jeeps, and multi-utility vehicles for use in infrastructure construction. The given funds are secured by a lien on the funded assets. The company has 51 branches spread over Tamil Nadu, Kerala, Andhra Pradesh, Karnataka, Maharashtra, Haryana, and the Union Territory of Puducherry. Windmill electricity is additionally produced by the company and sold to the Tamil Nadu Electricity Board and Gujarat Urja Vikas Nigam Limited. Sakthi Finance now operates 17 windmills with a total capacity of 5,150 kW in the states

of Tamil Nadu and Gujarat. Sakthi Finance’s client consists mostly of Small / Medium Road Transport Operators (“SRTOs / MRTOs”) from rural / semi-urban areas.

Issue’s Goals

The proceeds from the issue will be used for the following objects:

  • Onward lending, financing, and for repayment/prepayment of principal and interest of existing borrowings.
  • Meet general corporate purposes.

Sakthi Finance NCD April 2023 Detail

Issue OpenApr 17, 2023 – Apr 28, 2023
Security NameSakthi Finance Limited
Security TypeSecured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Issue Size (Base)Rs 100.00 Crores
Issue Size (Shelf)Rs 200.00 Crores
Issue PriceRs 1000 per NCD
Face ValueRs 1000 each NCD
Minimum Lot size10 NCD
Market Lot1 NCD
Listing AtBSE
Credit RatingICRA BBB (Stable)
Tenor24, 36, 48, 60 and 85 months
SeriesSeries I to IX
Payment FrequencyMonthly and Cumulative
Basis of AllotmentFirst Come First Serve Basis
Debenture TrustiesCatalyst Trusteeship Limited

NCD Allocation Ratio

Category NCD’s Allocated
Institutional5%
Non-Institutional15%
HNI40%
Retail40%

NCD’s Offered by Category

Category NCD’s Reserved
Institutional50,000
Non-Institutional150,000
HNI400,000
Retail400,000
Total NCD’s1,000,000

Sakthi Finance Limited NCD Coupon Rates

#Series 1Series 2Series 3Series 4Series 5Series 6Series 7Series 8Series 9
Frequency of Interest PaymentMonthlyCumulativeMonthlyCumulativeMonthlyCumulativeMonthlyCumulativeCumulative
NatureSecuredSecuredSecuredSecuredSecuredSecuredSecuredSecuredSecured
Tenor24 Months24 Months36 Months36 Months48 Months48 Months60 Months60 Months85 Months
Coupon (% per Annum)9.00%NA9.25%NA9.50%NA10.25%NANA
Effective Yield (% per Annum)9.00%9.74%9.25%10.52%9.50%11.40%10.25%13.17%14.30%
Amount on Maturity (In Rs.)Rs 1,000.00Rs 1,194.83Rs 1,000.00Rs 1,315.66Rs 1,000.00Rs 1,455.80Rs 1,000.00Rs 1,658.72Rs 2,013.13

NCD Rating

The NCD worth Rs. 100 Cr has been rated as BBB with a stable outlook by ICRA Credit Rating Agency. An instrument with such a rating is expected to have a moderate degree of safety regarding the timely servicing of debt financial obligations.

Company Promoters

Dr. M. Manickam and Mr. M. Balasubramaniam are the company promoters.

Sakthi Finance Limited Financial Information (Restated)

Period EndedTotal AssetsTotal RevenueProfit After TaxNet Worth
31-Mar-201,220.01170.2311.18158.29
31-Mar-211,237.75171.349.26164.89
31-Mar-221,269.43181.359.52170.95
30-Sep-221,293.9993.855.88173.70

Sakthi Finance NCD April 2023 Subscription Status

The Sakthi Finance NCD April 2023 was subscribed 1.55 times on Apr 28, 2023 1:00:00 AM. The NCD subscribed 2.58 times in Retail, 1.29 times in HNI, 0.00 times in Non-Institutional, and 0.00 times in the Institutional category.

Category Subscription (times)
Retail2.58x
HNI1.29x
Non-Institutional0.00x
Institutional0.00x
Total1.55x

Sakthi Finance NCD April 2023 Lead Manager(s)

  • Bonanza Portfolio Limited

Sakthi Finance NCD April 2023 FAQs

Q1. What are the face value and lot size of Sakthi Finance NCD April 2023?

Ans. The NCDs will be issued at a face value of INR 1,000 each NCD and the minimum lot size is 10 NCDs.

Q2. What is the frequency of interest payment in Sakthi Finance NCD April 2023?

Ans. The frequency of payment for Sakthi Finance NCD is Monthly, & Cumulative.

Q3. What is the basis of allotment in Sakthi Finance NCD April 2023 offer?

Ans. Sakthi Finance NCDs will be allotted on a First Come First Serve Basis.

Are Willing to Invest in IPO ?

Free Eq Delivery & MF

FREE Account Opening

Upcoming IPO 2023

Company Open Close Application
RBZ Jewellers Coming soon Coming soon View IPO
Happy Forgings Coming soon Coming soon View IPO
Motisons Jewellers Coming soon Coming soon View IPO
Mukka Proteins Coming soon Coming soon View IPO
Muthoot Microfin Coming Soon Coming Soon View IPO
Allied Blenders and Distillers Coming Soon Coming Soon View IPO
Suraj Estate 18 Dec 20 Dec View IPO
DOMS IPO 13 Dec 15 Dec View IPO
Flair Writing 22 Nov 24 Nov View IPO
Tata Technologies 22 Nov 24 Nov View IPO
Fedbank Financial Services 22 Nov 24 Nov View IPO
Gandhar Oil 21 Nov 23 Nov View IPO
IREDA 21 Nov 23 Nov View IPO
ASK Automotive 7 Nov 9 Nov View IPO
Protean eGov 6 Nov 8 Nov View IPO
ESAF Bank 3 Nov 7 Nov View IPO
Mamaearth 31 Oct 1 Nov View IPO
Blue Jet Healthcare 25 Oct 27 Oct View IPO
IRM Energy 18 Oct 20 Oct View IPO
Plaza Wires 29 Sep 4 Oct View IPO
Valiant Laboratories 27 Sep 3 Oct View IPO
Updater Services 25 Sep 27 Sep View IPO
JSW Infrastructure 25 Sep 27 Sep View IPO
Manoj Vaibhav Gems 22 Sep 26 Sep View IPO
Signature Global 20 Sep 22 Sep View IPO
Sai Silks Kalamandir 20 Sep 22 Sep View IPO
Yatra Online 15 Sep 20 Sep View IPO
Zaggle Prepaid Ocean 14 Sep 18 Sep View IPO
Samhi Hotels 14 Sep 18 Sep View IPO
R R Kabel 13 Sep 15 Sep View IPO
EMS IPO 8 Sep 12 Sep View IPO
Jupiter Life Line Hospitals 6 Sep 8 Sep View IPO
Ratnaveer Precision Engineering 4 Sep 6 Sep View IPO
Rishabh Instruments 30 Aug 1 Sep View IPO
Vishnu Prakash R Punglia 24 Aug 28 Aug View IPO
Ebix Cash Coming soon Coming soon View IPO
Balaji Speciality Chemicals Coming soon Coming soon View IPO
Aeroflex Industries 21 Aug 23 Aug View IPO
Pyramid Technoplast 18 Aug 22 Aug View IPO
TVS Supply Chain 10 Aug 14 Aug View IPO
Concord Biotech 10 Aug 8 Aug View IPO
SBFC Finance 3 Aug 7 Aug View IPO
Yatharth Hospital 26 Jul 28 Jul View IPO
Netweb Technologies 17 Jul 19 Jul View IPO
Utkarsh SFB 12 Jul 14 Jul View IPO
Senco Gold 4 Jul 6 Jul View IPO
PKH Ventures 30 Jun 4 Jul View IPO
Cyient DLM 27 Jun 30 Jun View IPO
IdeaForge 26 Jun 29 Jun View IPO
HMA Agro 20 Jun 23 Jun View IPO
IKIO Lighting 6 Jun 8 Jun View IPO
Nexus Select Trust 9 May 11 May View IPO
Mankind Pharma 25 Apr 27 Apr View IPO
Avalon Technologies 3 Apr 6 Apr View IPO
Udayshivakumar Infra 20 Mar 23 Mar View IPO
Global Surfaces 13 Mar 15 Mar View IPO
Tata Technologies Coming soon Coming soon View IPO

Upcoming SME IPO 2023

Company Open Close Application
Shanti Spintex Coming soon Coming soon View IPO
S J Logistics Coming soon Coming soon View IPO
WTi Cabs Coming soon Coming soon View IPO
Presstonic Engineering 11 Dec 13 Dec View IPO
Accent Microcell 8 Dec 12 Dec View IPO
Sheetal Universal 4 Dec 6 Dec View IPO
Marinetrans India 30 Nov 5 Dec View IPO
Graphisads 30 Nov 5 Dec View IPO
Net Avenue Technologies 30 Nov 4 Dec View IPO
AMIC Forging 29 Nov 1 Dec View IPO
Deepak Chemtex 29 Nov 1 Dec View IPO
Swashthik Plascon 24 Nov 29 Nov View IPO
Rocking Deals 22 Nov 24 Nov View IPO
Arrowhead 16 Nov 20 Nov View IPO
Kalyani Cast Tech 8 Nov 10 Nov View IPO
ROX Hi-Tech 7 Nov 9 Nov View IPO
Sunrest Lifescience 7 Nov 9 Nov View IPO
Micropro Software 3 Nov 7 Nov View IPO
Baba Food Processing 3 Nov 7 Nov View IPO
SAR Televenture 1 Nov 3 Nov View IPO
Mish Designs 31 Oct 2 Nov View IPO
Vrundavan Plantation 30 Oct 1 Nov View IPO
Transteel Seating 30 Oct 1 Nov View IPO
Maitreya Medicare 27 Oct 1 Nov View IPO
Shanthala FMCG 27 Oct 31 Oct View IPO
Paragon Fine 26 Oct 30 Oct View IPO
Ondoor Concepts 23 Oct 27 Oct View IPO
Rajgor Castor Derivatives 17 Oct 20 Oct View IPO
WomenCart 16 Oct 18 Oct View IPO
Arvind and Company Shipping 12 Oct 16 Oct View IPO
Committed Cargo 6 Oct 10 Oct View IPO
Akanksha Power 29 Sep 4 Oct View IPO
Sharp Chucks 29 Sep 4 Oct View IPO
Plada Infotech 29 Sep 4 Oct View IPO
Karnika Industries 29 Sep 4 Oct View IPO
Vishnusurya Projects 29 Sep 4 Oct View IPO
Vivaa Tradecom 27 Sep 4 Oct View IPO
Oneclick Logistics 27 Sep 3 Oct View IPO
Canarys Automations 27 Sep 3 Oct View IPO
E Factor Experiences 27 Sep 3 Oct View IPO
Vinyas Innovative 27 Sep 3 Oct View IPO
Kontor Space 27 Sep 29 Sep View IPO
City Crops Agro 26 Sep 29 Sep View IPO
Goyal Salt 26 Sep 29 Sep View IPO
Sunita Tools 25 Sep 27 Sep View IPO
Arabian Petroleum 25 Sep 27 Sep View IPO
Newjaisa Technologies 25 Sep 27 Sep View IPO
Digikore Studios 25 Sep 27 Sep View IPO
Inspire Films 25 Sep 27 Sep View IPO
Saakshi Medtech and Panels 25 Sep 27 Sep View IPO
Organic Recycling Systems 21 Sep 26 Sep View IPO
Mangalam Alloys 21 Sep 25 Sep View IPO
Marco Cables 21 Sep 25 Sep View IPO
Hi-Green Carbon 21 Sep 25 Sep View IPO
Techknowgreen Solutions 18 Sep 21 Sep View IPO
Madhusudan Masala 18 Sep 21 Sep View IPO
Holmarc Opto-Mechatronics 15 Sep 20 Sep View IPO
Kody Technolab 15 Sep 20 Sep View IPO
Cellecor Gadgets 15 Sep 20 Sep View IPO
Kundan Edifice 12 Sep 15 Sep View IPO
Chavda Infra 12 Sep 14 Sep View IPO
Jiwanram Sheoduttrai 8 Sep 12 Sep View IPO
Meson Valves 8 Sept 12 Sep View IPO
Unihealth Consultancy 8 Sept 12 Sept View IPO
Kahan Packaging 6 Sept 8 Sept View IPO
Pramara Promotions 1 Sept 5 Sept View IPO
Basilic Fly Studio 1 Sep 5 Sep View IPO
Saroja Pharma 31 Aug 5 Sept View IPO
CPS Shapers 29 Aug 31 Aug View IPO
Mono Pharmacare 28 Aug 30 Aug View IPO
Sahaj Fashions 25 Aug 29 Aug View IPO
SunGarner Energies 21 Aug 23 Aug View IPO
Crop Life Science 18 Aug 22 Aug View IPO
Bondada Engineering 18 Aug 22 Aug View IPO
Shoora Designs 17 Aug 21 Aug View IPO
Shelter Pharma 10 Aug 14 Aug View IPO
Srivari Spices 1 Aug 4 Aug View IPO
Sangani Hospitals 4 Aug 8 Aug View IPO
Yudiz Solutions 4 Aug 8 Aug View IPO
Vinsys IT 1 Aug 4 Aug View IPO
Oriana Power 1 Aug 3 Aug View IPO
Zeal Global Services 28 Jul 1 Aug View IPO
Shri Techtex 26 Jul 28 Jul View IPO
Innovatus Entertainment 25 Jul 27 Jul View IPO
Khazanchi Jewellers 24 Jul 28 Jul View IPO
Yasons Chemex 24 Jul 26 Jul View IPO
Asarfi Hospital 17 Jul 19 Jul View IPO
Service Care 14 Jul 18 Jul View IPO
Ahasolar Technologies 10 Jul 13 Jul View IPO
Kaka Industries 10 Jul 12 Jul View IPO
Drone Destination 7 Jul 11 Jul View IPO
AccelerateBS India 6 Jul 11 Jul View IPO
Alphalogic Industries 3 Jul 6 Jul View IPO
Tridhya Tech 30 Jun 5 Jul View IPO
Synoptics Technologies 30 Jun 5 Jul View IPO
Global Pet 29 Jun 3 Jul View IPO
Pentagon Rubber 26 Jun 30 Jun View IPO
Magson Retail 23 Jun 27 Jun View IPO
Greenchef Appliances 23 Jun 27 Jun View IPO
Essen Speciality 23 Jun 27 Jun View IPO
Veefin Solutions 22 Jun 26 Jun View IPO
Aatmaj Hospital 19 Jun 21 Jun View IPO
Vilin Bio Med 16 Jun 21 Jun View IPO
Cell Point 15 Jun 20 Jun View IPO
Cosmic CRF 14 Jun 16 Jun View IPO
Bizotic Commercial 12 Jun 15 Jun View IPO
Urban Enviro 12 Jun 14 Jun View IPO
Spectrum Talent 9 Jun 14 Jun View IPO
Sonalis Consumer 7 Jun 9 Jun View IPO
Kore Digital 2 June 7 June View IPO
Comrade Appliances 31 May 5 June View IPO
Sahana System 31 May 2 June View IPO
CFF Fluid Control 30 May 2 June View IPO
Infollion Research 29 May 31 May View IPO
Hemant Surgical 24 May 26 May View IPO
Proventus Agrocom 24 May 26 May View IPO
Vasa Denticity 23 May 25 May View IPO
Crayons Advertising 22 May 25 May View IPO
Innokaiz India 28 Apr 3 May View IPO
De Neers Tools 28 Apr 3 May View IPO
Retina Paints 19 Apr 24 Apr View IPO
Quicktouch Technologies 18 Apr 21 Apr View IPO