Sakthi Finance has announced the public issue of 15 lakh Secured Redeemable Non-Convertible Debentures (NCDs) of the face value of Rs 1000 each for an amount aggregating up to Rs 150 crore.
The base size issue is Rs 75 crore, with an option to retain over-subscription up to an additional Rs 75 crore (Green Shoe Option) aggregating up to Rs 150 crore.
The issue is scheduled to open on 08 August 2025 and close on 25 August 2025, with an option of early closure or extension.
There are 7 series of NCDs carrying fixed coupons and having a tenure of 24 months, 36 months, 60 months, and 85 months with monthly, and cumulative interest payment options.
An effective yield (per annum) for the NCD holders in all categories of investors ranges from 9.00% to 10.65%.
The NCDs issue has been rated ICRA BBB/Stable by ICRA.
The minimum application size for each application for NCDs would be 10 NCDs which is Rs 10,000 across all series collectively and in multiples of 1 NCD (Rs 1000) thereafter. Allotment is on First Come First Served Basis.
NCDs are proposed to be listed on BSE.