Incorporated in 1955, Sakthi Finance Limited is an RBI registered deposit-taking NBFC engaged in commercial vehicle financing sector. Its operation activities come under section 45-IA of the Reserve Bank of India Act, 1934. The company is a part of the Sakthi Group, which is engaged in the business of transportation, dairy, auto components,co-generation, industrial alcohol, sugar, automobile distribution, and wind energy. As an asset finance company, the company concentrates on previously owned commercial vehicles. Apart from this, it also helps the customers by providing financing services on buying infrastructure construction equipment, jeeps, multiutility vehicles, and other sorts of machinery. The target customers of Sakthi Finance Limited are small and medium road transport operators belonging from a rural or semi-urban area. The company provides financing services mainly in
Southern India and has a strong branch network in Kerala and Tamil Nadu. The company is also involved in selling electricity (which is generated from its 17 windmills) to Gujarat Urja Vikas Nigam Limited and Tamil Nadu Electricity Board. The AUM of the company was 92,385.67 lakh as on 30th Sep 2018 at CAGR of 4.70% from 31st March 2014. The income generated from the hire purchase business was 12,644.05 lakh for the financial year 2014 which is increased at CAGR of 5.58% to 15,708.40 lakh for the financial year 2018.
The competitive strengths of the company are:
1. The high growth momentum of the industry
2. Back support of reputed Sakthi group
3. Prominent reach in Southern Region
4. Four decades of experience in the field
5. Unique business model
Company Promoters
Dr. M. Manickam and Mr. M. Balasubramaniam are the promoters of the company.
Objects of the Issue:
Details of the use of proceeds:
I. For the purpose of onward lending, financing, and for repayment/ prepayment of interest and principal of
existing
borrowings of the Company (including the redemption of NCDs outstanding which would become due for redemption)
II. General corporate purposes
III. Issue Expenses
Sakthi Finance NCD April 2019 Detail
Issue Open Apr 10, 2019 - May 9, 2019
Security Name Sakthi Finance Limited
Security Type Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) and/or Unsecured Subordinated
Non-Convertible Debentures (Unsecured NCDs)
Issue Size (Base) Rs 100.00 Crores
Issue Size (Shelf) Rs 50.00 Crores
Issue Price Rs 1000 per NCD
Company Contact Information
Sakthi Finance Limited
62, Dr. Nanjappa Road,
Post Box No. 3745,
Coimbatore - 641 018, Tamil Nadu
Phone: +91 (422) 2231471-474/423
Email: svenkatesh@sakthifinance.com
Website: http://www.sakthifinance.com
Sakthi Finance NCD April 2019 Registrar
S.K.D.C Consultants Limited
Kanapathy Towers, 3rd Floor,
1391/A1, Sathy Road, Ganapathy,
Coimbatore - 641 006, Tamil Nadu
Phone: 91-422-6549995, 2539835-36
Email: sflncd@skdc-consultants.com
Website: http://www.skdc-consultants.com
CONCLUSION: AVOID
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