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.
Sakthi Finance NCD June 2024 Details
| NCD Issue Open | June 20, 2024 |
| NCD Issue Close | July 3, 2024 |
| NCD Issue Size | Base: 75 Cr. | Shelf: 150 Cr. |
| Price Band | ₹1000 per NCD |
| Interest Rate | Up to 10.38% ** (Annually) |
| Minimum Investment | 10 Bonds (₹10,000) |
| Listing on | BSE Platform |
| Credit Rating | [ICRA] BBB (Stable) by ICRA Limited. |
| Tenor | 24, 36, 60 and 85 months |
| Basis of Allotment | First Come First Serve Basis |
| DRHP Document | Click Here |
| RHP Document | Click Here |
Sakthi Finance NCD June 2024 Promoters
- Dr. M. Manickam and Shri. M. Balasubramaniam are the promoters of the company.
How to Apply Sakthi Finance NCD June 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
- Avoid
Sakthi Finance NCD June 2024 Tenure & Interest Rates
| Opt | Tenure | Payment | Coupon | Eff. Yield |
| 1 | 24 Month | Month | 9.00% | 9.00% |
| 2 | 24 Month | Cumu. | NA | 9.31% |
| 3 | 36 Month | Month | 9.25% | 9.25% |
| 4 | 36 Month | Cumu. | NA | 9.58% |
| 5 | 60 Month | Month | 10.25% | 10.25% |
| 6 | 60 Month | Cumu. | NA | 10.65% |
| 7 | 85 Month | Cumu. | NA | 10.38% |
Sakthi Finance NCD Allocation Ratio
| Category | Allocation |
| Institutional | 5% |
| Non-Institutional | 15% |
| HNI | 40% |
| Retail | 40% |
Sakthi Finance NCD June 2024 Lead Manager
- Bonanza Portfolio Limited
Sakthi Finance NCD June 2024 Allotment Status
- Sakthi Finance NCD issue allotment available on LinkIntime.
Sakthi Finance NCD June 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
Email: [email protected]
Website: http://www.sakthifinance.com
