srei infra fiance logoNCD Issue SREI Infrastructure Finance Limited is coming out with a public issue of Secured redeemable Non-Convertible Debentures (NCDs) of face value of Rs.1000/- each for an amount aggregating upto Rs. 1000 Crores (“Shelf Litmit”).  The issue is opens for subscription  7 Sep 2016 and closes on  28 Sep 2016 with an option of early closer or extend

Allotment is on First Come First Serve Basis.

 Product Note

NCD Issue SREI Infrastructure Finance Ltd – Highlights

IssuerSREI Infrastructure Finance Ltd
Type of InstrumentSecured Redeemable, NCD
Issue Open7 Sep 2016
Issue Close28 Sep 2016 (with option of early closure or extension)
Issue Size250 Cr. with an option to retain oversubscription upto Shelf Limit - 1,000 Cr.
Face ValueRs. 1,000
Min. Application Size10 Bonds (Rs.10000) & multiply of 1 NCD thereafter (across all series NCD)
Interest Annually
Mode of AllotmentD'mat as well as Physical Form
Rating BWR - AA+
ListingBSE / NSE
Application Money Interest (refunded)
Allotment Money InterestAs per Effective Yield
Security and Asset Cover
Cheque in favor of

NCD Issue SREI  NCD Specific Term of Issue

SeriesIIIIIIIVVVIVII
Tenor400 Days3 Year3 Year3 Year5 Year5 Year5 Year
Base Coupon - Cat I, II, IIINA9.35%9.75%NA9.60%10%NA
Yield9.08%9.76%9.82%9.75%10.02%10.04%10.00%
Face Value1000100010001000100010001000
Interest PaymentCumulativeMonthlyAnnualCumulativeMonthlyAnnualCumulative
SecuritySecuredSecuredSecuredSecuredSecuredSecuredSecured
Maturity1100100010001322100010001611

 NCD Issue Srei Infrastructure Cheque Details :

Cheque / DD should be drawn in favour of  ”   SIFL NCD VIII -Escrow Account   “ by all applicant

 

About Issue

About Company

  • An Indian NBFCs in India with over 25 years experience in infrastructure sector
  • Diversified business across all sectors in infrastructure space
  • SREI is classified as “Infrastructure Finance Company Status (IFC)” by Reserve Bank of India (RBI) within the overall classification of Non-Banking Finance company
  • SREI manage Assets Under Management of Rs 36,700 Crore, with a net worth of over Rs. 3,539 Crore as on March 31, 2016 on Consolidated basis.
  • 99 offices pan India

Key Strengths:

  • SEFL, which was earlier a 50:50 joint venture between Srei Infrastructure Finance Limited and BNP Paribas Lease Group, is registered with the RBI as a Non-Deposit Taking NBFC (Category – Asset Finance) and is in the business of equipment financing.
  • The project finance segment of the Company provides customized financing to infrastructure projects and their sponsor companies
  • The Infrastructure Project Development (IPD) vertical at Srei Infra sponsors PPP ventures and / or business in road sector in our country. These projects are a diversified mix of annuity and toll-based projects and have been awarded by the National Highway Authority of India (NHAI) under National Highways Development Program (NHDP), Ministry of Road Transport & Highways and various state governments.

Business Strategies :

  • Company has several strategic investments in infrastructure and financial services space. These are all long term investments held for long term returns
  • The philosophy is to invest at an early stage, nurture & grow these businesses. Once these investments reach a critical size/stage Srei looks to bring in strategic or financial partners with similar long term view.
  • Of the funding sources, secured loans remain the most significant source of funding across all three of our core finance business groups. Our Secured loans as a percentage of the total sources of funds of our Company as at March 31, 2016, 2015, 2014, 2013 and 2012 stood at 73.46%, 75.05%, 74.44%,70.06% and 66.15%, respectively.

Listing

NCD Issue SREI Infrastructure Finance Ltd Allotment Listing Details. ISIN No, Interest Payment Date, Script Code, Maturity Amount, Maturity Date

Listing Date NCD Issue SREI Infrastructure

Registrar of Issue : Karvy Computershare Allotment Link

 

PUNEINVEST – advisor, broker, distributor agent