Chittorgarh.com Logo
Loading...
Sakthi Finance NCD April 2022 Detail
Issue Open Apr 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

Sakthi Finance NCD April 2022 Date & Price

The Sakthi Finance NCD April 2022 issue opens on Apr 11, 2022, and closes on May 4, 2022, 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 First Come First Serve basis.

Sakthi Finance Limited NCD IPO dates are as below:

Sakthi Finance NCD April 2022 Issue Timetable

Bid/Offer Opens OnApr 11, 2022
Bid/Offer Closes OnMay 4, 2022
Record Date
Deemed Date of Allotment

Sorry, Sakthi Finance NCD April 2022 DRHP PDF Document is not available at this time.

Sorry, Sakthi Finance NCD April 2022 Red Herring Prospectus is not available at this time.

Sakthi Finance NCD April 2022 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 2022 is Monthly and Cumulative.

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

Sakthi Finance NCD April 2022 remain open for subscription on working days from 10:00 a.m. to 5:00 p.m until May 4, 2022. The bid may close earlier in case it is fully subscribed.

Coupon Rates for Each Series

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

The NCD's have a fixed maturity date. The date of maturity of the NCD's is 24, 36, 48, and 60 months.

Sakthi Finance NCD April 2022 Issue Size and Subscription Status

The Sakthi Finance NCD April 2022 consist of a base issue and a shelf issue.

  • NCD Base Issue Size: ₹50.00 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 2022 is not available at this time. Please revisit us for latest updates.

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

  1. Minors without a guardian name
  2. Foreign nationals
  3. Persons resident outside India
  4. Foreign Portfolio Investors
  5. Foreign Venture Capital Investors
  6. Qualified Foreign Investors
  7. Overseas Corporate Bodies
  8. 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 2022 Allotment and Listing

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

Applicants are allocated NCD's on a First Come First Serve 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 2022 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 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.

Sorry, we do not provide NCD recommendations. But we share a lot of information about Sakthi Finance NCD April 2022 which could help you with questions like Sakthi Finance NCD April 2022 buy or not? You should also read Sakthi Finance NCD April 2022 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.