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SREI Equipment Finance Ltd NCD (Srei Equipment Finance NCD Dec 2018) Detail

Dec 19, 2018 - Jan 18, 2019

Kolkata based Srei Equipment Finance Limited is a leading financier in the Construction, Mining and allied Equipment (CME) sector. Besides CME, it has also diversified into the financing of IT and allied equipment, Medical and allied equipment, Tippers, Farm equipment and Other assets.

The company holds approximately 33.00% market share in Fiscal 2018. It offers loans, for new and used equipment, and leases.

As of September 30, 2018, Srei has partnerships with 270 OEMs. The company offers its products to a wide range of customers, from 'First Time Users' ("FTUs") and 'First Time Buyers' ("FTBs") to fleet owners, mid-size contractors, corporations and project owners. It has a presence in 21 states through 90 branches and 4 offices including the head office in Kolkata.

Financial Performance-

As of June 30, 2018, the Net Worth of the company was Rs 27,902.40 million.

The AUM were Rs 300,727.70 million, Rs 212,318.10 million and Rs 185,977.80 million, for 2018, 2017 and 2016 respectively.

The PAT was Rs 2,634.90 million, Rs 1,488.40 million and Rs 1,152.60 million, for 2018, 2017 and 2016 respectively.

Srei Equipment Finance NCD Dec 2018 Detail

Issue OpenDec 19, 2018 - Jan 18, 2019
Security NameSREI Equipment Finance Ltd
Security TypeSecured, Redeemable, Non-Convertible Debentures (Secured NCDs) and/or Unsecured Subordinated Non-Convertible Debentures (Unsecured NCDs)
Issue Size (Base)Rs 300.00 Crores
Issue Size (Shelf)Rs [.] Crores
Issue PriceRs 1000 per NCD
Face ValueRs 1000 each NCD
Minimum Lot size10 NCD
Market Lot1 NCD
Listing AtBSE, NSE
Credit Rating
Tenor
Series
Payment Frequency
Basis of Allotment

NCD Allocation Ratio

Institutional Portion
Non-Institutional Portion
High Net Worth Individual Investors Portion
Retail Individual Investors Portion

Company Promoters

The promoter of the company is Srei Infrastructure Finance Limited.

Objects of the Issue:

The objects of the issue are-

1. Lending/ repayment of the loans- minimum 75% of the Net Proceeds of the Issue.
2. General Corporate Purposes- up to 25% of the Net Proceeds of the Issue.

Ratings

This issue is rated BWR/AA+ (stable) by Brickwork Ratings and ACUITE AA+/ (stable) by ACUITE Ratings. Issues with such ratings are considered to have a high degree of safety regarding timely servicing of financial obligations and carry very low credit risk.

Offerings

These NCDs have tenures of 400 days, 3 years, 5 years and 10 years with interest payment options on Monthly, Annually or Cumulative basis as per the choice of investors. This instrument has coupon rates ranging from 9.75% to 10.75%.

Srei Equipment Finance NCD Dec 2018 Prospectus

Srei Equipment Finance NCD Dec 2018 Rating

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Srei Equipment Finance NCD Dec 2018 Reviews / Ratings

Company Contact Information

SREI Equipment Finance Ltd
Vishwakarma
86 C, Topsia Road (South),
Kolkata 700 046

Phone: +91 336160 7734
Email: connect@sreibonds.com
Website: https://www.srei.com/

Srei Equipment Finance NCD Dec 2018 Registrar

Karvy Computershare Private Limited   »  Report
   Karvy Registry House, 8-2-596, St. No. 1,
   Banjara Hills, Hyderabad - 500 034
   Andhra Pradesh, India

Phone: +91-40-23312454
Email: selfncd5.ipo@karvy.com
Website: https://karisma.karvy.com/

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