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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.
| 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 |
Category  |
NCD's Allocated |
|---|---|
| Institutional | 5% |
| Non-Institutional | 15% |
| HNI | 40% |
| Retail | 40% |
| Category |
NCD's Reserved |
|---|---|
| Institutional | 25,000 |
| Non-Institutional | 75,000 |
| HNI | 200,000 |
| Retail | 200,000 |
| Total NCD's | 500,000 |
| Series | I | II | III | IV | V | VI | VII | VIII | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | |||||||||
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.
Dr. M. Manickam and Mr. M. Balasubramaniam are the company promoters.
| 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 | |
The company purposes to raise funds through NCD for the below;
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) |
|---|---|
| Retail | 3.67x |
| HNI | 2.01x |
| Non-Institutional | 0.16x |
| Institutional | 0.00x |
| Total | 2.30x |
9 4.3 Rating:  Vote Here ... |
Sakthi Finance Limited
62, Dr. Nanjappa Road, Post Box No. 3745,
Coimbatore - 641 018, Tamil Nadu
Phone: +91 (422) 2231471-474
Email: svenkatesh@sakthifinance.com
Website: http://www.sakthifinance.com/
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
Email: sakthifinance.ncd2022@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
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