srei equipment finance ncdSREI Equipment Finance Ltd is coming out  with its public issue of Secured, Redeemable, Non Convertible Debentures (NCDs) of face value of Rs. 1000 each aggregating to a total of upto Rs. 250 Cr with an option to retain oversubscription upto 250 Cr aggregating to a total of up to Rs 500 Cr.

The Issue is open for subscription on 3 Jan 2017 and closes on 20 Jan 2017 6 Jan 2017 (Early Close)

 Product Note

NCD Issue Highlights -SREI Equipment Finance Ltd

Specific Term of Issue

 Note : 

  • Subject to Applicable Tax deducted at source (TDS)
  • NRI’s are not Allowed to Invest

 Cheque Details :

Cheque / DD should be drawn in favour of

” SEFL -NCD II  Escrow Account” 

About Company

SREI Equipment Finance , one of the leading Non Banking financing companies in the organized equipment financing sector in India with a principal focus on financing infrastructure equipment.

SREI Equipment Finance, provide financial products and services to companies operating in the construction, mining, technology and solutions, healthcare ports and railways, oil and gas, agriculture and transportation sector. Their financial products and services comprise loans, leases, rentals and fee base services

The funds raised through this issue will be utilised by the company for various financing activities including lending and investments, to repay existing liabilities or loans and towards business operations including for capital expenditure, working capital requirement and other general corporate purposes.

SREI Equipment Finance Ltd Range of financial products for Construction & Mining, Technology and Healthcare equipment including:

  • Loans for new equipment
  • Loans against existing equipment
  • Loans for procuring used equipment
  • Operating leases for equipment, with both fixed and open residual values
  • Loans and leases for imported equipment and cross border transactions

Allotment & Listing Details

Allotment Date  :    17 Jan 2017

Listing Date        :   20 Jan 2017

NCDSREI Equipment Finance Ltd
Issue Open3 Jan 2017
Issue Close 6 Jan 2017
Issue RegistrarKarvy Computershare
Listing ExchangeBSE / NSE
Allotment Date17 Jan 2017
Listing Date20 Jan 2017
Interest Payment DateFirst Interest Payment 07 Mar 2017
Face Value1000
Circular Ref. NoBSE- 20170119-6
SeriesI AI BII AII BIII AIII BIV AIV B
CouponN.A.N.A.8.90%9.12%9.25%9.50%N.A.N.A.
Effective Yield8.63%8.81%9.27%9.51%9.29%9.54%9.27%9.55%
ISIN NoINE 881J07ED9INE 881J07EE7INE 881J07EF4INE 881J07EG2INE 881J07EH0INE 881J07EC1INE 881J07EI8INE 881J07EJ6
BSE Code935918935920935922935924935926935928935930935932
Maturity21-02-201821-02-201817-01-202017-01-202017-01-202017-01-202017-01-202017-01-2020
Maturity Amt10951097100010001000100013051315
Security Desc.SecuredSecuredSecuredSecuredSecuredSecuredSecuredSecured
SeriesV AV BVI AVI BVII AVII B
Coupon9.11%9.35%9.50%9.75%N.A.N.A.
Effective Yield9.50%9.75%9.52%9.77%9.50%9.75%
ISIN NoINE 881J07EK4INE 881J07EL2INE 881J07EM0INE 881J07EN8INE 881J07EO6INE 881J07EP3
BSE Code935934935936935938935940935942935944
Maturity17-01-202217-01-202217-01-202217-01-202217-01-202217-01-2022
Maturity Amt100010001000100015751593
Security Desc.SecuredSecuredSecuredSecuredSecuredSecured