SREI Equipment Finance Limited NCD
Srei Equipment Finance Ltd. (SEFL) has emerged as one of the major equipment financiers in India. The company enjoys a Pan-India presence with offices in 89 locations. SEFL has an experienced management team having significant expertise in financial services.
They take pride in being the partners in progress for more than 58,000 customers. The Company has a wide spectrum of customers includes First Time Users, First Time Buyers of equipment, Fleet Owners, Small Contractors, and large construction companies.
They inroad into Information Technology, Healthcare and Farm equipment solutions have further strengthened their offerings to the diverse customer community they cater.
What truly differentiates us is our ability to provide holistic ‘Asset Solution’ rather than being just the financier. We enable our clients across the life-cycle of the asset; namely, procurement, deployment, maintenance, and disposal. They offer an entire range of Equipment Rental, Asset Management, Valuation and Disposal services.
A> They are the pioneers in equipment financing the country with a legacy of more than 25 years and are one of the largest Construction & Mining equipment financiers in India.
B> They are the pioneers in providing used equipment financing.
C> They are the pioneers in offering Construction & Mining equipment on lease.
D> They have pioneered the financing of sophisticated imported equipment for the infrastructure, construction, and mining industry.
Objective of NCD SREI Equipment Finance Limited NCD:
SREI Equipment Finance Limited NCDSREI Equipment Finance Limited NCDare: 1. Lending/ repayment of the loans- minimum 75% of the Net Proceeds of the Issue. 2. General Corporate Purposes- up to 25% of the Net Proceeds of the Issue.
SREI Equipment Finance Limited NCD Details:
|Open Date:||Dec 19 2018|
|Close Date:||Jan 18 2019|
|Issue Type:||Fixed Price Issue NCD|
|Issue Size:||₹ 300 Cr.|
|Face Value:||₹ 1000 Per NCD|
|Market Lot:||1 NCD|
|Minimum Order Quantity:||10 NCD|
|Tenor||400 days||3 Years||5 years||10 years|
|Minimum Application||10,000( 10 NCDs) across all series|
|In Multiples of||1000(1 NCD)|
|Category 1, II and II||N.A||9.75%||9.81%||10.25%||NA||10.05%||10.50%||NA||10.75%|
|Effective Yield (%)||10%||9.85%||10.25%||10.29%||10.25%||10.52%||10.53%||10.50%||10.76%|
Post Tax returns:
Lead Manager of SREI Equipment Finance Limited NCD:
- Edelweiss Capital Limited
- IIFL Holdings Limited
- Tipsons Consultancy Services Private Limited
- Trust Investment Advisors Private Limited
Registrar of SREI Equipment Finance Limited NCD:
- Karvy Computershare Private Limited