[.]| Listing at BSE, NSE | Wed, Apr 25, 2018 - Wed, May 16, 2018
SREI Infrastructure Finance Ltd. NCD issue is a public issue of , issued under a Shelf Prospectus of ₹[.] Cr with a base issue size of ₹500.00 Cr and an option to retain oversubscription up to ₹[.] Cr, aggregating to a tranch issue size of ₹[.] Cr. The NCDs are offered at a face value ₹1000 each and an issue price of ₹1000 per NCD.
SREI Infrastructure Finance Ltd. NCD issue opens on Apr 25, 2018 and closes on May 16, 2018. NCD are proposed to be listed on NSE and BSE.
The minimum lot size is 10 NCDs, requiring a minimum investment of ₹ 10,000 , while the market lot for trading is 10 NCD(s).
The issue offers interest rates ranging from per annum to per annum, depending on the series and tenure selected.
A.K.Capital Services Ltd. is the Lead Manager to the issue, is the Debenture Trustee, and Kfin Technologies Ltd. is the Registrar to the Issue.
Investors are advised to refer to the [.] for detailed information on risk factors, financials, and the terms of the issue.
Open Date
Wed, Apr 25, 2018
Close Date
Wed, May 16, 2018
Issue Size (Overall)
[.]
The Promoter of the Company is Mr Hemant Kanoria
SREI Infrastructure Finance Ltd (SIFL), a frequent visitor to debt market, is engaged in the business of Infrastructure financing and registered as an Infrastructure Finance Company under the RBI regulations. Infrastructure includes sectors like Transport, Energy, Water Sanitation, Communication, Social & Commercial Infrastructure etc.
The Net Proceeds raised through this Issue (in tranches) will be utilized for following activities in the ratio provided as below:
1. For the purpose of lending/ repayment of loan - minimum 75% of the Net Proceeds of the Issue.
2. For General Corporate Purposes - up to 25% of the Net Proceeds of the Issue. The unutilized amount if any will be used for purpose of lending/ repayment of loan.
This offer is rated "BWR AA+" by Brickworks Rating and "SMERA AA+/Stable" by SMERA Rating. This rating is considered to have a high degree of safety regarding timely servicing of financial obligations. Conclusion: Those looking for steady interest income may consider moderate investment in this offer for medium to long term.
TThis offer has coupon rates ranging from 8.54 percent to 9.60 percent and tenure of 400 days, 3 yrs, and 5 yrs and 10 yrs. Interest payment will be on a Monthly, Annual or Cumulative basis as per the choice of investors.
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SREI Infrastructure Finance Ltd.
'Vishwakarma',
86C, Topsia Road (South),
Kolkata 700 046
Kolkata, West Bengal, 700046
NSE and BSE offer NSEgoBid and BSEDirect apps/websites through which retail investors can apply for NCDs up to Rs 5 lakhs. Not all brokers and banks provide the facility to apply for NCD online.
To apply for an NCD online, the investor should fill in the NCD bid details online and provide the details of the DP and bank accounts (ASBA/UPI) as requested. In the case of a UPI application, the investor needs to approve the UPI mandate to complete the application process.
Steps to invest in NCD IPO through GoldenPi
Retail investors can apply for an IPO online if the investment amount is less than or up to 10 lakhs.
Steps to apply for NCD IPO with Indiabonds:
You can buy or invest in NCD IPOs through the following intermediaries:
The investor can apply for the NCD IPO online through NCD intermediaries such as a registered stockbroker, provided the broker offers an online application for the NCD IPO. Not many brokers allow you to invest in an NCD IPO online. Currently, very few brokers, such as Nuvama Wealth, Angel One, and SBI Securities, offer the facility to apply for NCD IPOs electronically. You should check with your broker or intermediary to see if the online application facility for the NCD IPO is available through them.
Refer to the detailed guidelines on NSEgoBID and BSEDirect for information on the registration process and how to apply for NCDs through the exchange.
Important links :
Read more about NCD Application Process.
The minimum amount required for NCD investment is Rs. 10,000.
Generally, the minimum lot size of NCD is 10, and the face value is 1,000.
NCD allotment can be checked on the BSE website or with the Registrar once the allotment has been made.
Steps to check the NCD allotment status at the BSE:
Alternatively, the applicant can also check the allotment status on the respective website of the Registrar for the issue. The applicant will need their PAN details or the applicant's Aadhaar number to check the status.
Generally, all applicants receive full allotment due to the retention of the oversubscription option.
Read more information on NCD Subscription and NCD Allotment Process.
No, you cannot withdraw or redeem SREI Infrastructure Finance Ltd. NCDs before maturity directly from the company. However, there are a couple of options available if you want to exit early:
If the NCDs are listed on stock exchanges (like BSE/NSE), you can:
Only possible if a "call option" exists.
Read more about NCD Subscription and Allotment Process
Bid Cancellation and Withdrawal Policy for NCD Applicants
Note:
The specific process and conditions for post-closure cancellation vary by issuer. Applicants should refer to the Offer Document for issuer-specific guidelines.
