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| Issue Size (Base) | ₹100.00Cr |
| 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 (ICRA). |
| 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 | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 1,347.05 | 1,300.58 | 1,269.43 | 1,240.43 |
| Revenue | 100.38 | 191.94 | 181.35 | 171.34 |
| Profit After Tax | 7.20 | 12.49 | 9.52 | 9.26 |
| Net Worth | 182.18 | 179.27 | 170.95 | 164.89 |
| Amount in ₹ Crore | ||||
Dr. M. Manickam and Mr. M. Balasubramaniam are the promoters of the company.
The Net Proceeds raised through this Issue will be utilized for the following purposes in the ratio provided below:
| # | Issue Objects |
|---|---|
| 1 | At least 75% for 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 | Up to 25% 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% | 9.74% | 9.25% | 10.52% | 10.25% | 13.17% | 14.30% |
| 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 is a well-known industrial conglomerate established in 1955. The company is involved in various industries such as sugar, industrial alcohol, automobile distribution, auto parts, dairy, co-generation, wind energy, and transportation.
It is primarily an investment and lending company that funds used commercial vehicles, infrastructure construction equipment, multi-purpose vehicles, cars, jeeps, and other machinery. Liens on the financed assets secure the financing. Our target customers are mainly small and medium-sized road transport operators (SRTOs/MRTOs) primarily from rural and semi-urban areas. The SRTOs/MRTOs are eager to obtain financing quickly and at competitive rates.
