EARN 12.77% YIELD ON YOUR INVESTMENT 6th Public Issue of Rated Secured Redeemable NCDs from Sakthi Finance Limited
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Sakthi Finance Limited (SFL) established in 1955 is registered with RBI as an NBFC Deposit-taking – Investment and Credit Company.
SFL’s primary focus is on financing pre-owned commercial vehicles. They also finance construction equipment, multi-utility vehicles, cars, jeeps and other machinery. The loans are secured by lien on the assets financed.
SFL’s customers are predominantly Small and Medium Road Transport Operators (SRTOs / MRTOs) and hailing from rural / semi-urban areas. These customers are looking for speedy disposal of finance at competitive rates, and SFL has identified this opportunity and positioned themselves between the organized banking sector and local money lenders by offering finance at competitive rates with flexible and speedy lending services to customers.
SFL has a network of 51 branches, located mostly in Tamil Nadu and Kerala, and also in Andhra Pradesh, Karnataka, Maharashtra, Haryana and Union Territory of Puducherry.
The company also has 17 windmills with aggregate capacity of 5,150 kW located in Tamil Nadu and Gujarat, and they sell the generated power to Tamil Nadu Electricity Board and Gujarat UrjaVikas Nigam Limited.
The Issue:
SFL has launched its 6th Public Issue of Rated Secured Redeemable Non-Convertible Debentures (NCDs) on 11th April, 2022. There are options to get interest on monthly or cumulative basis details of the issue are given below:
Face Value per NCD Rs 1,000
Issue Size Rs 50 Cr, with option to retain oversubscription upto Rs 50 Cr
Minimum Investment in NCDs Rs 10,000
- The minimum investment amount per application is Rs 10,000 and, thereafter, in multiples of Rs 1,000.
- Application can be made in ASBA mode and UPI modes
- Demat Account compulsory
- No TDS will be deducted on interest paid
- Option to invest upto Rs.2 Lakhs through UPI mechanism by filling UPI Id in the application form
- Option to invest upto Rs. 2 lakhs directly through online BSE Direct app, available in Android PlayStore
- The NCDs are rated BBB (Stable) by ICRA Limited. The disclaimer clauses of RBI, ICRA & SEBI may be referred to in the Prospectus dated 5th April, 2022
- The NCDs are proposed to be listed on BSE for trading.
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Investors are advised to read the prospectus dated 5th April, 2022, which is available in SFL’s Website www.sakthifinance.com, before making any investment decision.
For further details contact Ph : 73977 30308 or visit www.sakthifinance.com
Topics : finance sector
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First Published: Apr 18 2022 | 3:06 PM IST
