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| Issue Size (Base) | ₹75.00 Cr |
| Face Value | ₹1000 each NCD |
| Issue Price | ₹1000 per NCD |
| Market Lot | 1 NCD |
| Min Order Qty | 10 NCD |
| Min Order Amount | ₹10000 |
| Listing at | BSE |
| Tenor | 24, 36, 60 and 85 months |
| Credit Rating | [ICRA] BBB (Stable) by ICRA Limited. |
| Series | Series I to VII |
| Payment Frequency | Monthly and Cumulative |
Sakthi Finance Limited's revenue increased by 5.84% and profit after tax (PAT) rose by 31.25% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 1,381.26 | 1,300.58 | 1,269.43 | 1,240.43 |
| Revenue | 152.59 | 191.94 | 181.35 | 171.34 |
| Profit After Tax | 11.52 | 12.49 | 9.52 | 9.26 |
| Net Worth | 185.21 | 179.27 | 170.95 | 164.89 |
| Amount in ₹ Crore | ||||
| # | Issue Objects |
|---|---|
| 1 | For the purpose of onward lending, financing, and for repayment/prepayment of principal and interest of existing borrowings (including redemption of NCDs which would become due for redemption) of the Company. |
| 2 | For general corporate purposes. |
| Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 | Series 7 | |
|---|---|---|---|---|---|---|---|
| Frequency of Interest Payment | Monthly | Cumulative | Monthly | Cumulative | Monthly | Cumulative | Cumulative |
| Nature | Secured | Secured | Secured | Secured | Secured | Secured | Secured |
| Tenor | 24 Months | 24 Months | 36 Months | 36 Months | 60 Months | 60 Months | 85 Months |
| Coupon (% per Annum) | 9.00% | NA | 9.25% | NA | 10.25% | NA | NA |
| Effective Yield (% per Annum) | 9.00% | 9.31% | 9.25% | 9.58% | 10.25% | 10.65% | 10.38% |
| Amount on Maturity (In Rs.) | Rs 1,000.00 | Rs 1,194.83 | Rs 1,000.00 | Rs 1,315.66 | Rs 1,000.00 | Rs 1,658.72 | Rs 2,013.13 |
The NCDs proposed to be issued by the company are rated [ICRA] BBB (Stable) by ICRA Limited (ICRA).
Sakthi Finance Limited was incorporated in the year 1955. The company is an investment and lending company specializing in the financing of used commercial vehicles. It also provides finance for purchasing infrastructure construction equipment, multi-purpose vehicles, cars, jeeps and other machinery. Liens on the financed assets secure the financing. The target customers are primarily small and medium-sized road transportation companies (“SRTOs/MRTOs”), which are mainly located in rural and semi-urban areas. The aim of the SRTOs/MRTOs is to provide fast financing at competitive interest rates.
They have a network of 54 branches in Tamil Nadu, Kerala, Andhra Pradesh, Karnataka, Maharashtra, Haryana and the Union Territory of Puducherry. Apart from the financial business, the company generates electricity from wind power plants and sells it to Tamil Nadu Electricity Board and Gujarat Urja Vikas Nigam Limited. The company currently has 17 wind power plants with a total capacity of 5,150 kW in the states of Tamil Nadu and Gujarat.
