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Sakthi Fin NCD March 2020 Detail
Issue Open Mar 13, 2020
Issue Close Apr 30, 2020
Issue Size (Base) ₹100.00 Crores
Issue Size (Shelf) ₹200.00 Crores
Issue Price ₹1000 per NCD
Listing At BSE

Sakthi Fin NCD March 2020 Date & Price

The Sakthi Fin NCD March 2020 issue opens on Mar 13, 2020, and closes on Apr 30, 2020, for the subscription.

Note that the public issue of NCD is closed early in case it is fully subscribed (base + shelf) before its issue closing day.

Sakthi Finance Ltd NCD IPO dates are as below:

Sakthi Fin NCD March 2020 Issue Timetable

Bid/Offer Opens OnMar 13, 2020
Bid/Offer Closes OnApr 30, 2020
Record Date
Deemed Date of Allotment

Sakthi Fin NCD March 2020 price is set at ₹1000 per NCD.

The NCD's will be issued at a face value of ₹1000 each NCD.

The frequency of payment for Sakthi Fin NCD March 2020 is Annual, Cumulative and Monthly.

No. Issues consist of Secured as well as Unsecured NCD's.

Each application should be for a minimum of 10 NCD's and multiples of 1 NCD thereof.

Sakthi Fin NCD March 2020 remain open for subscription on working days from 10:00 a.m. to 5:00 p.m until Apr 30, 2020. The bid may close earlier in case it is fully subscribed.

Coupon Rates for Eash Series

  Series 1 Series 2 Series 3 Series 4 Series 5 Series 6 Series 7 Series 8 Series 9 Series 10 Series 11
Frequency of Interest Payment Monthly Cumulative Monthly Annually Cumulative Monthly Annually Cumulative Monthly Annually Cumulative
Tenor 24 Months 24 Months 39 Months 39 Months 39 Months 49 Months 49 Months 49 Months 62 Months 62 Months 62 Months
Coupon Rate (Retail) For Category I & II/ for III & IV 9.50% NA 9.75% 9.75% NA 10% 10% NA 10.25% 10.25% NA
Amount on Maturity For Category I & II/ for III & IV Rs 1,000 Rs 1,207 Rs 1,000 Rs 1,000 Rs 1,368 Rs 1,000 Rs 1,000 Rs 1,497 Rs 1,000 Rs 1,000 Rs 1,687

The NCD's have a fixed maturity date. The date of maturity of the NCD's is 24 months/ 39 months/ 49 months/ 62 months.

Sakthi Fin NCD March 2020 Issue Size and Subscription Status

The Sakthi Fin NCD March 2020 consist of a base issue and a shelf issue.

  • NCD Base Issue Size: ₹100.00 Crores
  • NCD Shelf Issue Size: ₹200.00 Crores

Note that the Shelf issue is an option to retain oversubscription up to shelf issue size over and above the base issue.

Sorry, The number of shares offered in Sakthi Fin NCD March 2020 is not available at this time. Please revisit us for latest updates.

No, NRI's are not eligible to apply in this Issue.

You could check Sakthi Finance Ltd NCD Grey Market Premium (GMP Rate) by visiting our Grey Market Price (Message Board).

Note that there is no official source of GMP Rate as they are over-the-counter transactions.

Sakthi Fin NCD March 2020 Allotment and Listing

The NCD's are proposed to be listed on BSE.

The Sakthi Finance Ltd Allotment Status is not available online at this time.

The Sakthi Finance Ltd NCD listing data are not available. The date is published by the exchange a couple of days before the NCD listing.

It is hard to say at what price Sakthi Fin NCD March 2020 NCD's will list. The price varies by the demand and supply of NCD on the day of listing.

Sakthi Finance Ltd NCD - Should I apply?

The NCDs proposed to be issued by our Company have been rated by ICRA Limited ("ICRA"). ICRA has vide its letter no RTG/Chen/132/19-20 dated February 18, 2020, assigned a rating of "[ICRA] BBB (Stable)" for an amount up to ` 20,000 lakh for the NCDs. The rating of the NCDs by ICRA indicates moderate degree of safety regarding timely servicing of financial obligations and carry moderate credit risk

Sorry, we do not provide NCD recommendations. But we share a lot of information about Sakthi Fin NCD March 2020 which could help you with questions like Sakthi Fin NCD March 2020 buy or not? You should also read Sakthi Fin NCD March 2020 Analysis from experts and check the daily subscription status.

It depends on many factors like company financials, segment outlook, market situation, issue pricing, the background of promoters, lead managers performance, company strengths, risks and oversubscription. You should read the prospectus document, NCD Analysis from experts and follow the subscriptions before you make the decision to apply in an NCD public Issue.

Sakthi Finance Ltd NCD listing day gains are unpredictable as depends on many factors on the day listing. It depends on factors like the demand, the market situation on the day of listing, NCD Issue size etc.