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| Issue Size (Base) | Rs. 50 Cr |
| Issue Size (Shelf) | Rs. 50 Cr |
| Face Value | ₹1000 each NCD |
| Issue Price | ₹10,000 per NCD |
| Market Lot | 1 NCD |
| Min Order Qty | 10 NCDs NCD |
| Min Order Amount | ₹10,000 |
| Listing at | BSE |
| Tenor | 24, 36, 48, and 60 months |
| Credit Rating | ICRA BBB/ Triple B with a stable outlook |
| Series | Series I to VIII |
| Payment Frequency | Monthly and Cumulative |
| Basis of Allotment | First Come First Serve Basis |
| Sakthi Finance Financials (₹ in Lakhs) | 30-Sep-2021 | 31-Mar-2021 | 31-Mar-2020/th> | 31-Mar-2019th> |
|---|---|---|---|---|
| Total Assets | ₹1,30,781.33 | ₹1,24,043.44 | ₹1,22,001.22 | ₹1,10,061.98 |
| Total Income | ₹8,880.44 | ₹17,133.66 | ₹17,023.01 | ₹16,809.79 |
| Net Profit/Loss | ₹525.19 | ₹925.79 | ₹1,117.94 | ₹957.49 |
Dr. M. Manickam and Mr. M. Balasubramaniam are the company promoters.
The NCD aims to raise funds for the following purposes;
| # | Issue Objects |
|---|---|
| 1 | For the purpose of onward lending, financing, and for repayment and or prepayment of principal and interest on existing borrowings. |
| 2 | Meet general corporate purposes. |
| Tenure | 24 months | 24 months | 36 months | 36 months | 48 months | 48 months | 60 months | 60 months |
| Options | I | II | III | IV | V | VI | VII | VIII |
|---|---|---|---|---|---|---|---|---|
| Frequency of Interest Payment | Monthly | Cumulative | Monthly | Cumulative | Monthly | Cumulative | Monthly | Cumulative |
| Coupon Rate % Per Annum | 8.50% | NA | 8.75% | NA | '9.00% | NA | 10.00% | NA |
| Effective Yield (% per annum) | 8.50% | 9.16% | 8.75% | 9.88% | 9.00% | 10.69% | 10.00% | 12.77% |
| Amount on Maturity | ₹1,000 | ₹1,183.20 | ₹1,000 | ₹1,296.50 | ₹1,000 | ₹1,427.62 | ₹1,000 | ₹1,638.62 |
| Maturity/ Redemption Date | ₹24 | ₹24 | ₹36 | ₹36 | ₹48 | ₹48 | ₹60 | ₹60 |
ICRA Ltd credit rating agency has rated the Sakhti Finance Ltd as as ICRA BBB Stable for an amount of Rs. 100 Cr. The rating indicates a moderate degree of safety regarding timely servicing of financial obligations.
Sakthi inance is a part of Sakhti Group based in Coimbatore, South India, an Industrial conglomerate with major presence in the sugar, industrial, alcohol, automobile distribution, auto components, dairy, etc. akhti Finance Ltd is an investment and credit company with primary focus to finance pre-owned commercial vehicles. It further offers finacing for purchasing infrastructure constrution equipments, multi-utility vehicles, cars, jeeps, and other machinery. Small/ Medium Road Transport Operators are ts target customers. The company operate primarily in the Southern region in the states of Tamil Nadu and Kerala. It has a network of 51 branches in Tamil Nadu, Kerala, ndhra Pradesh, Karnataka, Maharashtra, Haryana and Union Territory of Puducherry. Apart from this, it generates power from windmills and sell it to Tamil Nadu Electricity Board and Gujarat Urja Vikas Nigam Ltd. At present, it has 17 windmills with an aggregate capacity of 5,150 KW in the states of Tamil Nadu and Gujarat. s on September 30, 2021, it has an Asset Under Management of Rs. 1,06,743.99 Lakh
