Sakthi Finance Limited NCD (Sakthi Finance NCD April 2023) Detail

April 17, 2023 - April 28, 2023

Incorporated in 1955, Sakthi Finance Limited, a part of Sakthi Group of companies based in Coimbatore, South India, is an investment and credit company with a primary focus on financing pre-owned commercial vehicles.

The company also provides finance for the acquisition of machinery, cars, jeeps, and multi-utility vehicles for use in building infrastructure. The finances provided are secured by a lien on the assets financed.

The company has a network of 51 branches, located in Tamil Nadu, Kerala, Andhra Pradesh, Karnataka, Maharashtra, Haryana, and the Union Territory of Puducherry. The company also generates power from windmills and sells it to Tamil Nadu Electricity Board and Gujarat Urja Vikas Nigam Limited. At present, Sakthi Finance has 17 windmills with an aggregate capacity of 5,150 kW located in the States of Tamil Nadu and Gujarat.

Sakthi Finance's customer base comprises Small / Medium Road Transport Operators ("SRTOs / MRTOs") primarily from rural / semi-urban areas.

Sakthi Finance NCD April 2023 Detail

Issue Open	April 17, 2023 - April 28, 2023
Security Name	Sakthi Finance Limited
Security Type	Secured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Issue Size (Base)	Rs 100.00 Crores
Issue Size (Shelf)	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)
Tenor	24, 36, 48, 60 and 85 months
Series	Series I to IX
Payment Frequency	Monthly and Cumulative
Basis of Allotment	First Come First Serve Basis
Debenture Trustee/s	Catalyst Trusteeship Limited

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	50,000
Non-Institutional	150,000
HNI	400,000
Retail	400,000
Total NCD's	1,000,000

Sakthi Finance Limited NCD Coupon Rates

#	Series 1	Series 2	Series 3	Series 4	Series 5	Series 6	Series 7	Series 8	Series 9
Frequency of Interest Payment	Monthly	Cumulative	Monthly	Cumulative	Monthly	Cumulative	Monthly	Cumulative	Cumulative
Nature	Secured	Secured	Secured	Secured	Secured	Secured	Secured	Secured	Secured
Tenor	24 Months	24 Months	36 Months	36 Months	48 Months	48 Months	60 Months	60 Months	85 Months
Coupon (% per Annum)	9.00%	NA	9.25%	NA	9.50%	NA	10.25%	NA	NA
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 1,000.00	Rs 1,194.83	Rs 1,000.00	Rs 1,315.66	Rs 1,000.00	Rs 1,455.80	Rs 1,000.00	Rs 1,658.72	Rs 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.

Company Financials

Sakthi Finance Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth
31-Mar-20	1,220.01	170.23	11.18	158.29
31-Mar-21	1,237.75	171.34	9.26	164.89
31-Mar-22	1,269.43	181.35	9.52	170.95
30-Sep-22	1,293.99	93.85	5.88	173.70
Amount in ₹ Crore

Objects of the Issue

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 Prospectus

› Draft Prospectus
› Red Herring Prospectus

Sakthi Finance NCD April 2023 Subscription Status

The Sakthi Finance NCD April 2023 was subscribed 1.55 times on April 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)
Retail	2.58x
HNI	1.29x
Non-Institutional	0.00x
Institutional	0.00x
Total	1.55x

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Sakthi Finance NCD April 2023 Rating

4.6

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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
Email: investors@sakthifinance.com
Website: https://www.sakthifinance.com/

Sakthi Finance NCD April 2023 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
Email: sakthifinance.ncd2023@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html