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Sakthi Finance NCD April 2022 Date, Rating & Interest Rates

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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). Sakthi Finance Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) subscription to start on 11 April 2022. Sakthi Finance will offer 12.77% interest rates on the NCDs. The NCDs tenure is for 24, 36, 48, and 60 months.
Sakthi Finance

Sakthi Finance NCD April 2022 Issue Details

 NCD Issue Open 11 April 2022
 NCD Issue Close 04 May 2022
 NCD Issue Size Base: 50 Cr. | Shelf: 50 Cr.
 Price Band ₹1000 per NCD
 Interest Rate Up to  12.77% ** (Annually)
 Minimum Investment 10 Bonds (₹1,000)
 Listing on
 BSE Platform

Sakthi Finance NCD April 2022 Rating

  • Credit Rating: ICRA BBB (Stable)

Sakthi Finance NCD April 2022 Listing

  • NCD Bonds to list on BSE platforms.

Sakthi Finance NCD April 2022 Promoters

  • Dr. M. Manickam
  • Mr. M. Balasubramaniam

How to Apply Sakthi Finance NCD April 2022 Issue?

You can apply from your existing Demat account online and offline. You can apply by downloading the form from the official website and filling up all the details with the cheque for the said amount. You can submit it to the collection centers.

Sakthi Finance NCD April 2022 Tenure & Interest Rates

OptTenurePaymentCouponEff. Yield
I24 MonthMonth8.50%8.50%
II24 MonthCummNA9.16%
III36 MonthMonth9.75%8.75%
IV36 MonthCummNA9.88%
V48 MonthMonth9.00%9.00%
VI48 MonthCummNA1.069%
VII60 MonthMonth10.00%10.00%
VIII60 MonthCummNA12.77%

Sakthi Finance NCD April 2022 Lead Manager

  • Dalmia Securities Private Limited

Sakthi Finance NCD April 2022 Allotment Status

  • Sakthi Finance NCD issue allotment available on Linkintime

Quick Links

Sakthi Finance NCD April 2022 Registrar

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

Company Information

Sakthi Finance Limited
62, Dr. Nanjappa Road, Post Box No. 3745,
Coimbatore – 641 018, Tamil Nadu
Phone: +91 (422) 2231471-474
Website: http://www.sakthifinance.com/

Sakthi Finance NCD April 2022 FAQs:

When is Sakthi Finance NCD Open?

Sakthi Finance NCD is to open on April 11 and close on May 04, 2022.

What is Sakthi Finance NCD Price?

The company has fixed the price at ₹1000 per NCD.

What is Sakthi Finance NCD Issue Size?

The NCD issue size is ₹50 crores.

On Which platform the Sakthi Finance NCD will list?

Sakthi Finance NCD will list on BSE Platforms.

How to apply for Sakthi Finance NCD?

You can apply from your existing Demat account online and offline.

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