Established in 1955, Sakthi Finance Limited, an integral component of the Sakthi Group of companies headquartered in Coimbatore, Southern India, operates as a key player in the realm of investment and credit. With a pivotal emphasis on financing pre-owned commercial vehicles, the company diligently caters to this niche market.
In addition to its core focus, Sakthi Finance extends its financial services to encompass the acquisition of machinery, cars, jeeps, and multi-utility vehicles, primarily utilized for infrastructure development. The financial support rendered by the company is safeguarded by securing liens on the financed assets.
Positioned across Tamil Nadu, Kerala, Andhra Pradesh, Karnataka, Maharashtra, Haryana, and the Union Territory of Puducherry, Sakthi Finance boasts a well-structured network of 51 branches. Beyond its financial ventures, the company contributes to the energy sector, generating power through windmills that is subsequently supplied to the Tamil Nadu Electricity Board and Gujarat Urja Vikas Nigam Limited. Presently, Sakthi Finance oversees operations of 17 windmills, collectively harnessing an impressive capacity of 5,150 kW. These windmills are strategically situated across Tamil Nadu and Gujarat.
Sakthi Finance’s distinguished customer base is chiefly composed of Small and Medium Road Transport Operators (SRTOs / MRTOs), predominantly hailing from rural and semi-urban locales.
Sakthi Finance NCD April 2023 Detail #
| Issue Open | Apr 17, 2023 – Apr 28, 2023 |
| Security Name | Sakthi Finance Limited |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Issue Size (Base) | Rs 100.00 Crores |
| Issue Size (Shelf) | Rs 200.00 Crores |
| Issue Price | Rs 1000 per NCD |
| Face Value | Rs 1000 each NCD |
| Minimum Lot size | 10 NCD |
| Market Lot | 1 NCD |
| Listing At | BSE |
| Credit Rating | ICRA BBB (Stable) |
| Tenor | 24, 36, 48, 60 and 85 months |
| Series | Series I to IX |
| Payment Frequency | Monthly and Cumulative |
| Basis of Allotment | First Come First Serve Basis |
| Debenture Trustee/s | Catalyst Trusteeship Limited |
Sakthi Finance Limited NCD Coupon Rates
| # | Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 | Series 7 | Series 8 | Series 9 |
|---|---|---|---|---|---|---|---|---|---|
| Frequency of Interest Payment | Monthly | Cumulative | Monthly | Cumulative | Monthly | Cumulative | Monthly | Cumulative | Cumulative |
| Nature | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured |
| Tenor | 24 Months | 24 Months | 36 Months | 36 Months | 48 Months | 48 Months | 60 Months | 60 Months | 85 Months |
| Coupon (% per Annum) | 9.00% | NA | 9.25% | NA | 9.50% | NA | 10.25% | NA | NA |
| Effective Yield (% per Annum) | 9.00% | 9.74% | 9.25% | 10.52% | 9.50% | 11.40% | 10.25% | 13.17% | 14.30% |
| Amount on Maturity (In Rs.) | Rs 1,000.00 | Rs 1,194.83 | Rs 1,000.00 | Rs 1,315.66 | Rs 1,000.00 | Rs 1,455.80 | Rs 1,000.00 | Rs 1,658.72 | Rs 2,013.13 |
NCD Rating #
The NCD worth Rs. 100 Cr has been rated as BBB with a stable outlook by ICRA Credit Rating Agency. An instrument with such a rating is expected to have a moderate degree of safety regarding the timely servicing of debt financial obligations.
Company Promoters #
Dr. M. Manickam and Mr. M. Balasubramaniam are the company promoters.
Company Financials #
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth |
|---|---|---|---|---|
| 31-Mar-20 | 1,220.01 | 170.23 | 11.18 | 158.29 |
| 31-Mar-21 | 1,237.75 | 171.34 | 9.26 | 164.89 |
| 31-Mar-22 | 1,269.43 | 181.35 | 9.52 | 170.95 |
| 30-Sep-22 | 1,293.99 | 93.85 | 5.88 | 173.70 |
| Amount in ₹ Crore | ||||
Objects of the Issue #
- Onward lending, financing, and for repayment/prepayment of principal and interest of existing borrowings.
- Meet general corporate purposes.
Sakthi Finance NCD April 2023 Prospectus #
Sakthi Finance NCD April 2023 Subscription Status #
The Sakthi Finance NCD April 2023 was subscribed 1.55 times on Apr 28, 2023 1:00:00 AM. The NCD subscribed 2.58 times in Retail, 1.29 times in HNI, 0.00 times in Non-Institutional, and 0.00 times in the Institutional category.
| Category ? | Subscription (times) |
|---|---|
| Retail | 2.58x |
| HNI | 1.29x |
| Non-Institutional | 0.00x |
| Institutional | 0.00x |
| Total | 1.55x |
Check Day by Day Bidding Details
Company Contact Information #
62, Dr. Nanjappa Road,
Post Box No. 3745,
Coimbatore – 641 018, Tamil NaduPhone: +91 (422) 2231471-474
Email: investors@sakthifinance.com
Website: https://www.sakthifinance.com/
Sakthi Finance NCD April 2023 Registrar #
Link Intime India Private Ltd
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai – 400083
Phone: +91-22-4918 6270
Email: sakthifinance.ncd2023@linkintime.co.in
Website: https://linkintime.co.in/mipo/ipoallotment.html
