10.50% Sakthi Finance NCD June 2021 Issue Date, Rating & Interest Rates

Vijay Prajapati
July 7, 2021

Vijay Prajapati

Sakthi Finance Limited is Tamil Nadu based NBFC company incorporated in 1955. They are in commercial vehicles finance business. They are a part of “Sakthi Group” of companies. The company is doing finance business on pre-owned commercial vehicles. Sakthi Finance also provides finance for purchasing infrastructure construction equipment, multi-utility vehicles, cars, jeeps, and other machinery. The finances provided are secured by a lien on the assets financed. They have 49 branches in Tamil Nadu, Kerala, Andhra Pradesh, Karnataka, Maharashtra, Haryana, and Union Territory of Puducherry. Sakthi Finance has a rating of [ICRA] BBB (Stable) by ICRA. Sakthi Finance Secured and Unsecured, Redeemable, Non-Convertible Debentures (NCDs) subscription to start on 29 June 2021. Sakthi Finance will offer 10.50% interest rates on the NCDs. The NCDs tenure will be for 61 Months.

Sakthi Finance NCD Issue Details

NCD Issue Open	29 June 2021
NCD Issue Close	23 July 2021
NCD Issue Size	Base: 100 Cr. \| Shelf: 100 Cr.
Price Band	₹1000 per NCD
Interest Rate	Upto 10.50% ** (Monthly)
Minimum Investment	10 Bonds (₹10,000)
Maximum Investment	1,000 Bonds (₹10,00,000)
Listing on	BSE Platform

Sakthi Finance NCD Issue Rating

ICRA Ratings: BBB (Stable)

Sakthi Finance NCD Issue Listing

NCD Bonds will be list on BSE.

Sakthi Finance NCD Issue Promoters

Dr. M. Manickam
Mr. M. Balasubramaniam

How to Apply Sakthi Finance NCD Issue?

You can apply from your existing demat account online and offline. You can apply via downloading form from the official website and filling up all the details with the cheque of said amount. You can submit it to the collection centres (Click Here to Apply NCD).

Sakthi Finance NCD (June 2021) Issue Tenure & Interest Rates

Annual	Monthly	Annual	Cumulative
26 Months	9.50%	N/A	10.42%
39 Months	9.75%	N/A	11.32%
49 Months	10.00%	N/A	12.17%
61 Months	10.50%	N/A	13.64%

About Sakhi Finance

Sakthi Finance Ltd is part of Sakthi Group of Companies based at Coimbatore, South India. The company is one of the leading NBFCs engaged in Commercial Vehicle financing. Sakthi Finance Ltd sustains continuous growth momentum without deviating from its founding Principles of Trust. The financial services and solutions provided by SFL is mainly to the small and medium truck operators to facilitate fulfillment of their growth. The Act like owner principle of the employees has in turn earned the trust of the customers. The Act like owner culture practiced by our employees complement our operations and enables the company to offer superior service delivery to all our customers.

Sakthi Finance NCD Lead Manager

Dalmia Securities Private Limited

Sakthi Finance NCD Allotment Status

Sakthi Finance NCD issue allotment available on linkintime.com

NCD Registrar

Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai – 400083
Phone: +91-22-4918 6270
Email: [email protected]
Website: http://www.linkintime.co.in