Sakthi Finance Limited - 7th Public Issue of Rated, Secured, Redeemable NCDs

The Company :

Sakthi Finance Limited (SFL) was established in 1955, and is registered with RBI, as an NBFC Deposit-taking - Investment and Credit Company.

It is part of the Sakthi Group whose origins can be traced back to 1931, a US$ 2.0 billion Industrial conglomerate and one of the fastest growing business groups in South India focused on building the organisation through development of the community and society.

SFL's primary line of business is 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 delivery 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 52 branches, located in Tamil Nadu, Kerala, Andhra Pradesh, Karnataka, Maharashtra, Haryana and Union Territory of Puducherry.

The Issue:

SFL has launched on 17th April, 2023 the Public Issue of Rated, Secured, Redeemable, Non-Convertible Debentures (NCDs) and the details of the issue are given below:

Face Value per NCD 1000
Issue Size 100 Cr, with option to retain oversubscription upto 100 Cr
Minimum Investment 10 NCDs / 10,000
Rating The NCDs are rated BBB (Stable) by ICRA Limited.
The minimum investment amount per application is 10,000 and, thereafter, in multiples of 1,000.
Issue closes on 28.04.2023

• The NCDs are proposed to be listed on BSE for trading. The disclaimer clause of BSE may be referred to at page 234 of Prospectus dated10th April, 2023
• Investors are advised to read the prospectus dated 10th April, 2023, which is available in our Website www.sakthifinance.com, before making any investment decision.
• To apply call : [phone] or visit www.sakthifinance.com