Zerodha (Trading & Demat Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Zerodha (Trading & Demat Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
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| Issue Open | April 11, 2022 |
| Issue Close | May 4, 2022 |
| Issue Size (Base) | ₹50.00 Crores |
| Issue Size (Shelf) | ₹50.00 Crores |
| Issue Price | ₹1000 per NCD |
| Listing At | BSE |
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 First Come First Serve Basis.
| Bid/Offer Opens On | April 11, 2022 |
| Bid/Offer Closes On | May 4, 2022 |
| Record Date | |
| Deemed Date of Allotment |
| Series | I | II | III | IV | V | VI | VII | VIII | ||
|---|---|---|---|---|---|---|---|---|---|---|
| Nature | Secured NCDs | |||||||||
| Tenure | 24 months | 24 months | 36 Months | 36 months | 48 months | 48 months | 60 months | 60 months | ||
| Frequency of Interest Payment | Monthly | Cumulative | Monthly | Cumulative | Monthly | Cumulative | Monthly | Cumulative | ||
| Minimum Application | 10,000 (10 NCDs) | |||||||||
| In Multiples of | 1 NCD or Rs. 1,000 | |||||||||
| Face Value of NCDs (Rs /NCD) | Rs 1000 (1 NCD) | |||||||||
| Issue Price (Rs /NCD) | Rs 1000 (1 NCD) | |||||||||
| Mode of Interest Payment/Redemption | Through various modes available | |||||||||
| Coupon (% per annum) for NCD Holders | 8.50% | NA | 8.75% | NA | 9.00% | NA | 10.00% | NA | ||
| Effective Yield for NCD Holders | 8.50% | 9.16% | 8.75% | 9.88% | 9.00% | 10.69% | 10.00% | 12.77% | ||
| Amount (Rs./ NCD) on maturity | 1000.00 | 1183.20 | 1000.00 | 1296.50 | 1000.00 | 1427.62 | 1000 | 1638.62 | ||
| Put and Call Option | NA | |||||||||
Note that the Shelf issue is an option to retain oversubscription up to shelf issue size over and above the base issue.
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.
The NCD worth Rs. 100 Cr has been rated as BBB with a stable outlook by ICRA Credit Rating Agency. Instrument with such rating are expected to have a moderate degree of safety regarding timely servicing of debt financial obligations.
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