SREI Equipment Finance Ltd NCD (SREI Equipment Finance NCD Jan 2017) Detail

Jan 3, 2017 - Jan 20, 2017

SREI Equipment Finance Ltd (SEFL) is one of the leading non-banking financing companies in the organized equipment financing sector in India with a principal focus on financing infrastructure equipment. SEFL is registered with the RBI as a non-deposit taking systemically important, non-banking financial company ("NBFC").

The company provides financial products and services to companies operating in the construction, mining, technology and solutions, healthcare, ports and railways, oil and gas, agriculture and transportation sectors. Its financial products and services comprise loans, leases, rentals and fee-based services.

SREI Equipment Finance NCD Jan 2017 Detail

Issue OpenJan 3, 2017 - Jan 20, 2017
Security NameSREI Equipment Finance Ltd
Security Type
Issue Size (Base)Rs 500.00 Crores
Issue Size (Shelf)Rs [.] Crores
Issue PriceRs 1000 per NCD
Face ValueRs 1000 each NCD
Minimum Lot size10 NCD
Market Lot10 NCD
Listing AtBSE
Credit Rating
Tenor
Series
Payment Frequency
Basis of Allotment

NCD Allocation Ratio

NCD's allocated in each investor category:

Category ?NCD's Allocated
Category 10%
Category 20%
Category 30%
Category 40%

Company Promoters:

Srei Infrastructure Finance Limited is the promoter of the company.

Objects of the Issue:

The object of the issue are:

1. Lending/ repayment of loan
2. General Corporate Purposes

Ratings

This offer has credit rating of BWR AA+ by Brickworks and SMERA AA/Stable by Smera ratings. These ratings are considered to have high degree of safety regarding timely servicing of financial obligations and carry very low credit risk.

Offerings

These debt instruments has maturity periods of 400 days, 3 years and 5 years and interest payment options are cumulative, monthly or yearly as per the choice of investors. The coupon rates are ranging from 8.90 per cent to 9.75 per cent. For cumulative scheme, for 400 days under cumulative scheme it offers premium of Rs. 95-97, for 3 years Rs. 305-315 and for 5 years Rs. 575-593 per NCD on maturity depending on category of investors. Post issue its current debt-equity ratio will stand enhanced from 4.83 to 5.03. While it’s top line remains more or less stagnant, its bottom line has shown declining trends from FY 13 onwards that raises concern.

Useful Links

SREI Equipment Finance NCD Jan 2017 Prospectus

SREI Equipment Finance NCD Jan 2017 Rating

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SREI Equipment Finance NCD Jan 2017 Reviews

Company Contact Information

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

Phone: +91 336160 7734
Email: ncdsefl@srei.com, connect@sreibonds.com
Website: https://www.srei.com/companies/srei-ventures/sefl

SREI Equipment Finance NCD Jan 2017 Registrar

KFintech Private Limited
   KFintech, Tower-B, Plot No 31 & 32,
   Financial District, Nanakramguda, Gachibowli,
   Hyderabad, Telangana India - 500 032.

Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://karisma.kfintech.com/

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12 Comments

KNIpoInvestor
12. KNIpoInvestor  Jul 31, 2017 11:09
Why is it down?
Madhu Lalji
11. Madhu Lalji  Feb 8, 2017 14:37
Invested in srei equipment ncd which closed on 201-17.
alloted the paper ,but in wrong option instead of option ii monthly interest they allotted in option i 400 days.In application clearly written as option ii i.e Monthly interest option now what to do .how to convert in option ii Monthly option.
other wise the amount should be refunded please.
avinash dixit
10. avinash dixit  Jan 22, 2017 09:22
SREI Equipment finance Ltd NCD (9.75%) closed at 984 on BSE on Ist day
bipin
9. bipin  Jan 20, 2017 21:22
listing date
avinash dixit
9.1. avinash dixit  Jan 22, 2017 07:57
Already listed on 20th.
Raman Kalra
8. Raman Kalra  Jan 18, 2017 11:20
Got allotment yesterday
FINVEST
8.1. FINVEST  Jan 20, 2017 09:46
Listing Details please
bipin
7. bipin  Jan 16, 2017 21:55
in retailer confim ncd
Jaspreet Singh Oberoi
6. Jaspreet Singh Oberoi  Jan 16, 2017 18:11
Any idea on allotment status ?
ashok bhandari
5. ashok bhandari  Jan 7, 2017 09:45
Can we submitted through online - Bank
Veera
4. Veera  Jan 5, 2017 05:33
ICICIdirect doesn''t have option to apply this NCD. Why? What are the other means to apply in the NCD..
Nandakumar K
4.1. Nandakumar K  Jan 5, 2017 10:30
I called ICICIDirect, they said “we are not offering this NCD – this is the update we got from our risk team”.
Weird.
The way they operate, a possible reason could be they think customers will opt for this NCD instead of their FDs, so they are not offering this NCD, to limit available options to customers.
ps sharma
4.2. ps sharma  Jan 5, 2017 10:53
you can apply physically by filling the form and the ncd will be credited to your dmat.
SREI is not paying much for the issue to icici direct thats why they are not providing facility
manish
3. manish  Jan 4, 2017 11:35
PURCHASE DHFL BOND NP & NC SERIES AS IT IS MUCH SAFE & SECURE THEN OTHERND AS IT IS MUCH SAFE & SECURE THEN OTHER
Nimesh Ariwala
3.1. Nimesh Ariwala  Jan 4, 2017 14:21
Srei Equi Ncd Total Bids 2652297
Np. of Times Is Subscri.. 1.06
Good For
Nimesh Ariwala
2. Nimesh Ariwala  Jan 2, 2017 09:40
Good In,Rate.....
1St Come 1St Out
ved prakash
1. ved prakash  Jan 1, 2017 11:41
no details are found for duration & rate of interest








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