The Sakthi Finance Issue Open has been confirmed from February 8, 2024 – February 21, 2024. Read the post to learn about Sakthi Finance NCD.
Sakthi Finance Developers NCD is a fixed issue size of ₹ 67,132.98 lakhs. Sakthi Finance Limited is anon-deposit,non-banking finance business( NBFC) registered with the RBI. The company specializes in gold loans, giving money in exchange for household gold jewellery as collateral. The organization also offers loans against property, marketable loans, and particular loans.
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Key Details Of Sakthi Finance NCD:
Bidding Dates
Feb 8-21
Issue Price
Rs 1000 per NCD
Face Value
Rs 1000 each NCD
Market Lot
1 NCD
Sakthi Finance NCD
The Sakthi Finance NCD Face Value is Rs 1000 each NCD.
Sakthi Finance NCD Overview
Sakthi Finance Limited, a subsidiary of the Sakthi Group headquartered in Coimbatore, South India, was founded in 1955. It’s an investment and advancing company that specializes in the financing of old marketable vehicles. The company also provides finance for the acquisition of machinery, cars, jeeps, and multipurpose vehicles used in infrastructure building. The financing is secured by a lien on the funded assets.
The company has 53 branches across Tamil Nadu, Kerala, Andhra Pradesh, Karnataka, Maharashtra, Haryana, and the Union Territory of Puducherry. The company also produces power from wind turbines and sells it to the Tamil Nadu Electricity Board and Gujarat Urja Vikas Nigam Ltd. Sakthi Finance presently operates 17 wind power projects totaling 5,150 kW in Tamil Nadu and Gujarat.
Sakthi Finance NCD Detail
| Issue Open | February 8, 2024 – February 21, 2024 |
| Security Name | Sakthi Finance Limited |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Issue Size (Base) | Rs 100.00 Crores |
| Issue Size (Oversubscription) | Rs 100.00 Crores |
| Overall Issue Size | Rs 200.00 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 (ICRA). |
| 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 | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 1,347.05 | 1,300.58 | 1,269.43 | 1,240.43 |
| Revenue | 100.38 | 191.94 | 181.35 | 171.34 |
| Profit After Tax | 7.20 | 12.49 | 9.52 | 9.26 |
| Net Worth | 182.18 | 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% | 9.74% | 9.25% | 10.52% | 10.25% | 13.17% | 14.30% |
| 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
Objects of the Issue
The Net Proceeds raised through this Issue will be utilized for the following purposes in the rate provided below:
- At least 75 for onward lending, financing, and for prepayment/ prepayment of star and interest of existing borrowings( including redemption of NCDs which would become due for redemption) of the Company.
- Up to 25% for general corporate purposes.
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) 2231471-474 |
| Email ID | [email protected] |
| Website | sakthifinance.com |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO 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.
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