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Sakthi Finance Limited NCD (Sakthi Finance NCD April 2022) Detail

April 11, 2022 - May 4, 2022
Sakthi Finance Limited Logo

Sakthi Finance is an Investment and Credit Company that 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 target customers include Small and Medium Road Transport Operators from rural and semi-urban areas. It primarily operates in 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 located in the States of Tamil Nadu and Gujarat.

Sakthi Finance NCD April 2022 Detail

Issue Open April 11, 2022 - 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

NCD Allocation Ratio

Category ? NCD's Allocated
Institutional 5%
Non-Institutional 15%
HNI 40%
Retail 40%

NCD's Offered by Category

Category ? NCD's Reserved
Institutional 25,000
Non-Institutional 75,000
HNI 200,000
Retail 200,000
Total NCD's 500,000

Coupon Rates for Each Series

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 1000.00 1183.20 1000.00 1296.50 1000.00 1427.62 1000 1638.62
Put and Call Option NA

NCD 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.

Company Promoters

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

Company Financials

Summary of Consolidated financial Information
Particulars For the year/period ended (Rs in Lakhs)
  30-Sep-21 31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 1,30,781.33 1,24,043.44 1,22,001.22 1,10,061.98
Total Revenue 8,880.44 17,133.66 17,023.01 16,809.79
Profit After Tax 525.19 925.79 1,117.94 957.49

Objects of the Issue

The company purposes to raise funds through NCD for the below;

  1. For the purpose of onward lending, financing and for repayment / prepayment of principal and interest of existing borrowings.
  2. Meet general corporate purposes.

Sakthi Finance NCD April 2022 Prospectus

Sakthi Finance NCD April 2022 Subscription Status

The Sakthi Finance NCD April 2022 was subscribed 2.30 times on April 25, 2022 1:00:00 AM. The NCD subscribed 3.67 times in Retail, 2.01 times in HNI, 0.16 times in Non-Institutional, and 0.00 times in the Institutional category.

Category ?Subscription (times)

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Sakthi Finance NCD April 2022 Rating

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Company Contact Information

Sakthi Finance Limited
62, Dr. Nanjappa Road, Post Box No. 3745,
Coimbatore - 641 018, Tamil Nadu

Phone: +91 (422) 2231471-474

Sakthi Finance NCD April 2022 Registrar

Link Intime India Private Ltd
   Link Intime India Private Ltd
   C 101, 247 Park, L.B.S.Marg,
   Vikhroli (West), Mumbai - 400083

Phone: +91-22-4918 6270

Sakthi Finance NCD April 2022 Lead Manager(s)

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