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SREI Infrastructure Finance Limited NCD (SREI Infrastructure NCD april 2019) Detail

Apr 9, 2019 - May 9, 2019
SREI Infrastructure Finance Limited Logo

Incorporates in 1989, Kolkata based SREI Infrastructure Finance Ltd (SIFL), a frequent visitor to the 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 major customers of the company belong to infrastructure construction and development focusing on telecom, road, energy, port, special economic zone, water and sanitation, urban public transport, energy, etc in India with an aim of medium to long-term perspectives.

The company had also listed on London Stock Exchange and many institutions including KfW & DEG Germany, PROPARCO, IFC Washington, European Investment Bank, OeEB, Nordic Investment Bank etc also invested in this group.

As on March 31, 2018, and March 31, 2017, the total income of the company were 17,736.20 million and ` 22,996.20 million respectively.

Operations of the company:

1. Fund based operations as an Asset Finance Company and Infrastructure Finance Company.
2. Fee-based business such as Infrastructure Advisory, Investment Banking, Private Equity & Venture Capital,
3. Insurance Broking.
4. Strategic investments.

The competitive strengths of the company are:

1. Strong Liquidity option and Comfortable ALM
2. Adequate capitalisation at 17.6%
3. Consistent success in asset Base

SREI Infrastructure NCD april 2019 Detail

Issue Open Apr 9, 2019 - May 9, 2019
Security Name SREI Infrastructure Finance Limited
Security Type Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) and/or Unsecured Subordinated Non-Convertible Debentures (Unsecured NCDs)
Issue Size (Base) Rs 100.00 Crores
Issue Size (Shelf) Rs 1,500.00 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 BWR AA+/Stable
Tenor 400 days/ 3 years/ 5 years
Series

Series 1 to Series 8

Payment Frequency Monthly/ Annual
Basis of Allotment Priority Basis

NCD Allocation Ratio

Category ? NCD's Allocated
Category 1 15%
Category 2 15%
Category 3 70%
Category 4 0%

NCD's Offered by Category

Category ? NCD's Reserved
Category 1 150,000
Category 2 150,000
Category 3 700,000
Category 4 0
Total NCD's 1,000,000

Coupon Rates for Eash Series

Series 1 Series 2 Series 3 Series 4 Series 5 Series 6 Series 7 Series 8
Frequency of Interest Payment NA Annual Monthly Annual NA Monthly Annual NA
Tenor 400 days 400 days 3 year 3 year 3 year 5 year 5 year 5 year
Coupon Rate (Retail) For Category I & II/ for III & IV NA 9.75% 10.05% 10.50% NA 10.25% 10.75% NA
Amount on Maturity For Category I & II/ for III & IV Rs 1,108 Rs 1,000 Rs 1,000 Rs 1,000 Rs 1,350 Rs 1,000 Rs 1,000 Rs 1,667

NCD Rating

The Secured NCDs proposed to be issued under this Issue have been rated 'BWR AA+ (BWR Double A plus)'by Brickwork Ratings India Private Limited ("BRICKWORK") pursuant to letters dated September 01, 2017 and
revalidated by letter dated March 01, 2019. The Unsecured Subordinated NCDs proposed to be issued under this Issue have been rated 'BWR AA+' (BWR Double A Plus) by BRICKWORK pursuant to letters dated September 01, 2017 and revalidated by letter dated March 01, 2019. Instruments with a rating of 'BWR AA+' (BWR Double A plus) by BRICKWORK are considered to have high degree of safety regarding timely servicing of financial obligations.

Company Promoters

Mr Hemant Kanoria is the promoter of the company.

Objects of the Issue

The Net Proceeds raised through this Issue (in tranches) will be utilized for following activities in the ratio provided
as below:

I. For the purpose of lending/ repayment of loan - minimum 75% of the Net Proceeds of the Issue.

II. 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.

SREI Infrastructure NCD april 2019 Prospectus

SREI Infrastructure NCD april 2019 Rating

16
3.6
Rating:Rated 3.6 stars
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SREI Infrastructure NCD april 2019 Reviews

Company Contact Information

SREI Infrastructure Finance Limited
6A Kiran Shankar Roy Road,
Kolkata - 700 001,
West Bengal, India

Phone: +91 33 6160 7734
Email: connect@sreibonds.com
Website: https://www.srei.com/

SREI Infrastructure NCD april 2019 Registrar

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

Phone: 04067162222, 04079611000
Email: sifl.ncd11@karvy.com
Website: https://karisma.kfintech.com/

SREI Infrastructure NCD april 2019 Lead Manager(s)