Chittorgarh.com Logo
Loading...
Sakthi Finance NCD April 2019 Detail
Issue Open Apr 10, 2019
Issue Close May 9, 2019
Issue Size (Base) ₹100.00 Crores
Issue Size (Shelf) ₹50.00 Crores
Issue Price ₹1000 per NCD
Listing At BSE

Sakthi Finance NCD April 2019 Date & Price

The Sakthi Finance NCD April 2019 issue opens on Apr 10, 2019, and closes on May 9, 2019, 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.The allotment is done on a Priority Basis.

Sakthi Finance Limited NCD IPO dates are as below:

Sakthi Finance NCD April 2019 Issue Timetable

Bid/Offer Opens OnApr 10, 2019
Bid/Offer Closes OnMay 9, 2019
Record Date
Deemed Date of Allotment

Sakthi Finance NCD April 2019 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 Finance NCD April 2019 is Monthly, Annual and Cumulative.

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 Finance NCD April 2019 remain open for subscription on working days from 10:00 a.m. to 5:00 p.m until May 9, 2019. 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 36 Months 36 Months 36 Months 48 Months 48 Months 48 Months 61 Months 61 Months 61 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 1,335 Rs 1,000 Rs 1,000 Rs 1,485 Rs 1,000 Rs 1,000 Rs 1,673

The NCD's have a fixed maturity date. The date of maturity of the NCD's is 24 months/36 months/48 months/61 months.

Sakthi Finance NCD April 2019 Issue Size and Subscription Status

The Sakthi Finance NCD April 2019 consist of a base issue and a shelf issue.

  • NCD Base Issue Size: ₹100.00 Crores
  • NCD Shelf Issue Size: ₹50.00 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 Finance NCD April 2019 is not available at this time. Please revisit us for latest updates.

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

Applications cannot be made by: 1. Minors without a guardian (A guardian may apply on behalf of a minor. However, the name of the guardian will need to be mentioned on the Application Form); 2. Non-resident investors including NRIs, QFIs and FIIs who are (i) based in the USA and/or, (ii) domiciled in or resident of the USA, and/or, (iii) U.S. Persons or those who apply on account of or for the benefit of such persons, and/or, (iv) subject to any tax laws of the USA; 3. Foreign nationals including NRIs; 4. Persons resident outside India including without limitation Foreign Institutional Investors, Non-Resident Indians, Qualified Foreign Investors, Foreign Venture Capital Funds and Non-Resident Incorporated Entities (formerly Overseas Corporate Bodies) ; 5. Foreign Venture Capital Investor; 6. Non-Resident Incorporated Entities (formerly Overseas Corporate Bodies) ; and 7. Persons ineligible to contract under applicable statutory / regulatory requirements.

You could check Sakthi Finance Limited 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 Finance NCD April 2019 Allotment and Listing

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

Applicants are allocated NCD's on a Priority Basis.

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

The Sakthi Finance Limited 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 Finance NCD April 2019 NCD's will list. The price varies by the demand and supply of NCD on the day of listing.

Sakthi Finance Limited 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/109/18-19 dated February 11, 2019, assigned and vide its letter no. Reval/Chen/145/18-19 dated March 25, 2019 revalidated, a rating of "[ICRA] BBB (Stable)" for an amount up to ?15,000 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 Finance NCD April 2019 which could help you with questions like Sakthi Finance NCD April 2019 buy or not? You should also read Sakthi Finance NCD April 2019 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 Limited 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.