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
|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|
|Credit Rating||BWR AA+' (BWR Double A Plus) by BRICKWORK|
|Tenor||400 days/ 3 years/ 5 years|
Series 1 to Series 8
|Payment Frequency||Monthly/ Annual|
|Basis of Allotment||Priority Basis|
NCD's allocated in each investor category:
|Category 1 (QIB)||15%|
|Category 2 (NII)||15%|
|Category 3 (HNI)||70%|
|Category 4 (RII)||%|
|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||₹1,108||₹1,000||₹1,000||₹1,000||₹1,350||₹1,000||₹1,000||₹1,667|
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.
Mr Hemant Kanoria is the promoter of the company.
The Net Proceeds raised through this Issue (in tranches) will be utilized for following activities in the ratio provided
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.
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SREI Infrastructure Finance Limited
6A Kiran Shankar Roy Road,
Kolkata - 700 001,
West Bengal, India
Phone: +91 33 6160 7734
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