Free Trading + Demat Account

SREI Infrastructure Finance Ltd NCD - 30 Dec 2013

Posted on Thursday, December 26, 2013

Modified on Tuesday, September 13, 2016

SREI Infrastructure Finance Ltd NCD - 30 Dec 2013

SREI Infra is coming out with a Secured Redeemable Non-Convertible debentures having face value of Rs. 1000 each with a total offer size of Rs. 100 crore. The issue opens for subscription on 30.12.13 and will close on or before January 31, 2014. Minimum application is to be made for Rs. 10000 (i.e. 10 NCDs and thereafter in multiple of 1 NCD) and the company is offering coupon rates ranging from 11.00 % to 12% depending on the term ( 2, 3 and 5 years) and the category and the scheme that also offers Annual, Cumulative and Monthly interest payments. As usual retail masses are lured with higher coupon rates. Over and above the company is offering up to a maximum of 0.25% extra to its existing family of investors in equity and earlier debt offers. Post offer the securities will be listed on BSE and NSE. Trading will take place in demat mode only. Issue is lead managed by ICICI Securities Ltd, AK Capital Services Ltd., Darashaw & Co Pvt. Ltd., SREI Capital Markets Ltd., and co-lead managers are Karvy Investor Services Ltd., Integrated Enterprises (I) Ltd., RR Investors Capital Services Pvt. Ltd., SMC Capital Ltd and Bajaj Capital Ltd. Axis Trustee Services Ltd. is the Trustee to the offer and Karvy Computershare Pvt Ltd is the registrar to the offer. The offer is graded by CARE as CARE AA- and by Brickworks Rating as BWR AA that is considered to have high degree of safety regarding timely servicing of financial obligations.

Remarks: Moderate Investment

About Dilip Davda

Dilip Davda, a freelance journalist for more than 25 years, is a stock market analyst and news article writer. Since 1985, he has contributed to print media, electronic media and often appears on TV channels as visiting stock analyst. He articles are regularly publishes in Corporate India, Smart Investments, Free Press Journal and many other news papers & magazines. He is also a visiting stock analyst on DD News TV Channel.





Rate this article
1
4.0
Rating:Rated 4.0 stars

Vote Here ...

User Comment

No record Found

special_offers
By Popular Stock Brokers
ProStocks, The Flat Rate Discount Stock Broker
ProStocks
Flat Fee Broker

Rs 899 Unlimited Equity
Rs 499 Unlimited Curr
or Rs 15 per Trade

Lowest Transaction Charge
Lowest Call & Trade Fee
Lowest Stamp Duty

FREE Trading + Demat Acct

Flat Rs 20 Per Trade
Free Equity Delivery Trades

Rs 100 off on account opening* + 100% brokerage refund if in 60 days you have made net profits

Enquire Now
(* on online account opening)

Intraday @ 0.02%
Delivery @ 0.15%

Rs 0 account opening fee
(Rs 400 waived)

Request Demo

RKSV Discount Broker  RKSV

Ditch & Switch

Switch to RKSV and earn brokerage credit of Rs 2000

Get RKSV Trading Account

Beginner, seasoned investor, active trader or HNI. Get customised solutions.

Rs 0 account opening fee on Online Trading + Demat Acct
(Rs 1150 waived)

Request Call Back



More About Brokers

Special Offers Broker Reports

Message Board

Stock Message Board


Search Chittorgarh.com:

Translate Chittorgarh.com: