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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.
| Issue Open | Apr 17, 2023 - Apr 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 Trusties | Catalyst Trusteeship Limited |
Category  |
NCD's Allocated |
|---|---|
| Institutional | 5% |
| Non-Institutional | 15% |
| HNI | 40% |
| Retail | 40% |
| 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 |
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.
Dr. M. Manickam and Mr. M. Balasubramaniam are the company promoters.
| 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 | ||||
The Sakthi Finance NCD April 2023 was subscribed 1.55 times on Apr 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 |
5 4.6 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: investors@sakthifinance.com
Website: https://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.ncd2023@linkintime.co.in
Website: https://linkintime.co.in/
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