Sakthi Finance NCD February 2024 – Effective Yield 14.30% p.a.

Sakthi Finance Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) subscription to start on February 8, 2024. Sakthi Finance will offer 14.30% interest rates on the NCDs. Sakthi Finance NCD has a rating of [ICRA] BBB (Stable) by ICRA Limited (ICRA). The NCDs tenure is for 24, 36, 60 and 85 Months. Check out Sakthi Finance NCD 2024 details here.

Sakthi Finance NCD

Table of Contents

Sakthi Finance is part of “Sakthi Group” of companies based in Coimbatore, South India, and a reputed and well-known Industrial conglomerate having a major presence in sugar, industrial alcohol, automobile distribution, auto components, dairy,co-generation, wind energy, and transportation.

They are an Investment and Credit company with a primary focus on financing pre-owned commercial vehicles. They also provide 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. Their target customers predominantly comprise Small / Medium Road Transport Operators (“SRTOs / MRTOs”) and primarily hail from rural / semi-urban areas. The SRTOs / MRTOs look for speedy disposal of finance at competitive rates. They have identified this opportunity and positioned themselves between the organized banking sector and local money lenders by offering finance at a competitive rate with flexible and speedy lending services to their customers. They operate primarily in the Southern region of the country mainly in the States of Tamil Nadu and Kerala through their branch network and customer service points. They have a network of 53 branches, located in Tamil Nadu, Kerala, Andhra Pradesh, Karnataka, Maharashtra, Haryana, and Union Territory of Puducherry. In addition to finance business, they generate power from windmills and sell it to Tamil Nadu Electricity Board and Gujarat Urja Vikas Nigam Limited. At present, they have 17 windmills with an aggregate capacity of 5,150 kW located in the States of Tamil Nadu and Gujarat.


Sakthi Finance NCD February 2024 Details

NCD Issue OpenFebruary 8, 2024
NCD Issue CloseFebruary 21, 2024
NCD Issue SizeBase: 100 Cr. | Shelf: 200 Cr.
Price Band₹1000 per NCD
Interest RateUp to 14.30% ** (Annually)
Minimum Investment10 Bonds (₹10,000)
Listing onBSE Platform
Credit Rating[ICRA] BBB (Stable) by ICRA Limited (ICRA).
Tenor24, 36, 60 and 85 Months
Basis of AllotmentFirst Come First Serve Basis
DRHP DocumentClick Here
RHP DocumentClick Here

Sakthi Finance NCD February 2024 Promoters

  • The Company has no identifiable promoters and is a professionally managed company.

How to Apply Sakthi Finance NCD February 2024 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 Review

  • May Apply

Sakthi Finance NCD February 2024 Tenure & Interest Rates

OptTenurePaymentCouponEff. Yield
124 MonthMonth9.00%9.00%
224 MonthsCumu.NA9.74%
336 MonthsMonth9.25%9.25%
436 MonthsCumu.NA10.52%
560 MonthsMonth10.25%10.25%
660 MonthsCumu.NA13.17%
785 MonthsCumu.NA14.30%

Sakthi Finance NCD Allocation Ratio

CategoryAllocation
Institutional5%
Non-Institutional15%
HNI40%
Retail40%

Sakthi Finance NCD February 2024 Lead Manager

  • Bonanza Portfolio Limited

Sakthi Finance NCD February 2024 Allotment Status

  • Sakthi Finance NCD issue allotment available on LinkIntime.

Sakthi Finance NCD February 2024 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: https://linkintime.co.in/initial_offer/public-issues.html

Company Information

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

Sakthi Finance NCD February 2024 FAQs:


When is Sakthi Finance NCD Open?

Sakthi Finance NCD is to open on February 8, 2024 and close on February 21, 2024.

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 ₹100 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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