Sakthi Finance NCD June 2024 – Effective Yield 10.38% p.a.

Sakthi Finance Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) subscription to start on June 20, 2024. Sakthi Finance will offer 10.38% interest rates on the NCDs. Sakthi Finance NCD has a rating of [ICRA] BBB (Stable) by ICRA Limited. 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.


Sakthi Finance NCD June 2024 Details

NCD Issue OpenJune 20, 2024
NCD Issue CloseJuly 3, 2024
NCD Issue SizeBase: 75 Cr. | Shelf: 150 Cr.
Price Band₹1000 per NCD
Interest RateUp to 10.38% ** (Annually)
Minimum Investment10 Bonds (₹10,000)
Listing onBSE Platform
Credit Rating[ICRA] BBB (Stable) by ICRA Limited.
Tenor24, 36, 60 and 85 months
Basis of AllotmentFirst Come First Serve Basis
DRHP DocumentClick Here
RHP DocumentClick 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

OptTenurePaymentCouponEff. Yield
124 MonthMonth9.00%9.00%
224 MonthCumu.NA9.31%
336 MonthMonth9.25%9.25%
436 MonthCumu.NA9.58%
560 MonthMonth10.25%10.25%
660 MonthCumu.NA10.65%
785 MonthCumu.NA10.38%

Sakthi Finance NCD Allocation Ratio

CategoryAllocation
Institutional5%
Non-Institutional15%
HNI40%
Retail40%

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

Sakthi Finance NCD June 2024 FAQs:


When is Sakthi Finance NCD Open?

Sakthi Finance NCD is to open on June 20 and close on July 3, 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 ₹75 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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