10.75% SREI Equipment Finance NCD Issue Dates, Rating & Interest Rates (December 2018)

IPO Initial Public Offerings
SREI Equipment Finance is coming up with another NCD after 9 months. The offer will be around 300 crore and the interest rates up to 10.76% yield. SREI Equipment Finance is a leading non banking finance company. They came with NCD issue in April 2018 then the offer interest rate was 9.60% per annum. SREI Equipment Finance focuses on financing infrastructure investment. The company is registered with RBI as non-banking financial company (NBFC). They offers comprise loans, leases, rentals and fee based services to construction, mining, technology and solutions, healthcare, ports and railways, oil and gas, agriculture and transportation sectors.

SREI Equipment Finance NCD Issue December 2018 Details:

  • NCD Issue Open: 19 December 2018
  • NCD Issue Close: 18 January 2019
  • NCD Issue Size: Rs.300 Crore
  • Price Band: Rs.1000
  • NCD’s: 300,000 of Rs.1000 Each
  • Interest Rate: Upto 10.75% ** (Annually)
  • Minimum Investment: 10 Bonds (Rs 10,000)
  • Maximum Investment: 1,000 Bonds (Rs 10,00,000)
  • Listing: BSE, NSE

SREI Equipment Finance NCD Issue Rating:

  • Brickworld Ratings: BWR/ AA+ (Stable)
  • ACUITE Ratings: ACUITE AA+/ (Stable)

SREI Equipment Finance NCD Issue Listing:

  • NCD Bonds will be list on BSE and NSE.

SREI Equipment Finance NCD Issue Promoters:

  • Srei Infrastructure Finance Limited

How to Apply SREI Equipment 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.
SREI Equipment Finance NCD (December 2018) Issue Tenure & Interest Rates:

TenureInterest Rate
Monthly
Interest Rate
Yearly
N.A.
400 Days
Secured
9.85%9.81%
3 Years
Secured
10.25%10.29%10.25%
5 Years
Secured
10.52%10.53%10.50%
10 Years
Unsecured
10.76%

SREI Equipment Finance NCD Lead Manager:

  • Edelweiss Capital Limited
  • IIFL Holdings Limited
  • SREI Capital Markets Ltd
  • Tipsons Consultancy Services Private Limited
  • Trust Investment Advisors Private Limited
SREI Equipment Finance NCD (December 2018) Allotment Status:

  • SREI Equipment Finance NCD issue allotment available on Karvy.com

NCD Registrar:
Karvy Registry House, 8-2-596, St. No. 1,
Phone: +91-40-23312454
Fax: +91-40-23311968
Email: [email protected]
Website: https://karisma.karvy.com/

Company Information:
SREI Equipment Finance Ltd</strong>
Vishwakarma
86 C, Topsia Road (South),
Kolkata 700 046
Phone: +91 336160 7734
Fax: +91 33 22857542
Email: [email protected]
Website: https://www.srei.com

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    0 Responses

    1. Take the secured options only and split among the two companies ie SREI and Shriram Transport Finance. My experience so far is that they are good wrt all protocols i.e timely payment of interest/principal. However, NCDs should form only a small component of your asset allocation.

    2. Dilemma Dilemma Dilemma… Which one to invest among these two NCD in this January, 2019, SREI Infra or Shriram Transport Finance, both for option of 10 years, Annually Interest, and which one is relatively more safe? 🤔