SAKTHI FINANCE LIMITED Coupon 10.25% | NBFC Retail Bond | IPO

Invest in ongoing NCD IPOs & earn up to 10.5% p.a.

Min. Investment ₹10,000

Invest in ongoing NCD IPOs & earn up to 10.5% p.a.

Min. Investment ₹10,000

Invest in ongoing NCD IPOs & earn up to 10.5% p.a.

Min. Investment ₹10,000

Invest in ongoing NCD IPOs & earn up to 10.5% p.a.

Min. Investment ₹10,000

Invest in ongoing NCD IPOs & earn up to 10.5% p.a.

Min. Investment ₹10,000

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Returns (YTM)

N/A

Min. Investment

N/A

Remaining Tenure

4Y 11M 5Days

Payment Terms

Monthly

About Issuer

SAKTHI FINANCE LIMITED

Sakthi Finance, originally founded as Pollachi Credit Society Private Limited in 1955, has evolved into a prominent Non-Banking Financial Company (NBFC) in South India. Initially focused on addressing the hire purchase needs of TELCO dealerships within the Sakthi Group, headquartered in Pollachi, the company has undergone a significant transformation over the years.

Specializing in financing the acquisition of commercial vehicles and construction equipment, Sakthi Finance is a leader in the industry. The company's journey has seen it expand its footprint, with a robust presence in more than 50 branches across Telangana, Andhra Pradesh, Kerala, Karnataka, and Tamil Nadu. Sakthi Finance serves a specific market segment, offering refinancing options for businesses seeking to acquire and upgrade their assets.

Total Annual Revenue

191.5 Cr (FY 2023)

Year of Inception

1955

Industry

NBFC Retail

Head Office

COIMBATORE

Type of Issuer

Corporate

Current MD/CEO

Sri. M Balasubramaniam

Credit Rating / Outlook

BBB STABLE

ICRA

Credit rating by different rating agencies indicates the bond issuer’s ability to repay its debt obligations. A bond can be rated by one or more SEBI registered credit rating agencies e.g. CRISIL, CARE, ICRA, IND, BWR, ACUITE, INFOMERICS.
Bonds/NCDs with BBB credit rating are considered to have a moderate to low degree of safety regarding timely servicing of debt obligations. Such Bonds/NCDs carry moderate to high credit risk, hence it is suitable for investors with high risk tolerance.
Stable Outlook suggests that the rating is unlikely to change significantly in the near to medium term, indicating a stable credit profile of the issuer.

Other Important Details & Disclosures

Issuer Name

SAKTHI FINANCE LIMITED

Security Name

ISIN

Copy

Face Value

₹ 1,000

Coupon Rate

10.25%

Coupon Type

FIXED

Payment Terms

Monthly

Clean Price

Dirty Price

Current Yield

Mode of Issue

Public Placement

Date of Issue

Listed

Yes

Instrument Type

Taxable

Security

Secured

Seniority

Perpetual

Trustee Details

CATALYST TRUSTEESHIP LIMITED

GDA House, Plot No 85, Bhusari Colony (Right), Paud Road, Pune 411038

Registrar Details

LINK INTIME INDIA PRIVATE LIMITED

C-101, First Floor, 247 Park, Lal Bahadur Shastri Marg,Vikhroli (West), Mumbai 400083

Looking For More Information ?

Download Prospectus

Taxation

10%

TDS on Interest Income*

*Given TDS is indicative and fully claimable while filing ITR. The interest income from this bond will be taxable and will appear in the additional source of income in your ITR. Please consult your tax advisor for precise taxation details
As a listed bond, it is subject to capital gains tax based on the holding period. A holding period of less than 1 year qualifies as short-term, while more than 1 year qualifies as long-term.
You can submit your Form 15G/15H to the registrar and debenture trustee of the bond to avoid the TDS deduction. Download Form

Registrar details: LINK INTIME INDIA PRIVATE LIMITED C-101, First Floor, 247 Park, Lal Bahadur Shastri Marg,Vikhroli (West), Mumbai 400083

This bond is
currently out of stock

Download Cashflow

FAQs about SAKTHI FINANCE LIMITED bonds

How to buy this SAKTHI FINANCE LIMITED IPO online?

You can invest in bonds online in under 5 minutes. To buy SAKTHI FINANCE LIMITED IPO online follow the steps below:

Login/signup at GoldenPi
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Pay online via payment gateway and receive bond units in your demat account

What is the yield of this SAKTHI FINANCE LIMITED IPO?

10.25% is the current yield of this SAKTHI FINANCE LIMITED IPO. A bond’s current yield indicates the annual return based on its current market price and annual coupon payment.
In addition to current yield, the yield to maturity (YTM) of this SAKTHI FINANCE LIMITED bond is 10.25%, which indicates the total expected return if the bond is held till the maturity date. It is calculated using the XIRR method considering current price, face value, coupon payments, and time to maturity.

Is it safe to invest in bonds?

Investing in bonds is relatively a safer option but it depends on factors like:

The creditworthiness of the issuer indicated by the credit rating
The debt quality of the bond indicated by its seniority and security
Your investment goals and risk appetite

If you are an existing bond investor and want to sell your bond holdings before maturity, you can do so through the secondary market. This can be done either through exchanges such as BSE or NSE, or you can also request a quote from your relationship manager at GoldenPi.

How to redeem this SAKTHI FINANCE LIMITED IPO?

To redeem this SAKTHI FINANCE LIMITED IPO, bond, kindly first check its redemption value and redemption schedule. This can be found by downloading the cash flow from the “Calculate Your Returns” section of this page or by contacting the support team at GoldenPi.
Once you buy this bond, the units would be reflected in your demat account.
Upon maturity, the bond units held in your demat account will be automatically debited on the maturity date, and if the maturity date falls on a bank holiday, the redemption amount will be paid out on the next working day.
The funds will be credited to the bank account linked to your demat account. The process of redeeming this SAKTHI FINANCE LIMITED bond is generally simple and straightforward. Contact our support team for more information.

Is this SAKTHI FINANCE LIMITED IPO tax-free?

No, this SAKTHI FINANCE LIMITED IPO is not tax free. The interest income received from these bonds will be treated as “income from other sources” in the ITR and the tax will be calculated as per your income tax slab.

To know more about taxation in detail please read this article: https://goldenpi.com/blogessentials/bond-market/taxation-on-gains-from-bond-investments/

Can I sell this SAKTHI FINANCE LIMITED IPO before the maturity date?

Yes, it is possible to sell this SAKTHI FINANCE LIMITED bond before maturity. However, as the sale process happens in the secondary market, the price can be determined by a variety of factors, including interest rates, credit ratings, company performance, and market demand.

To know more about the sale process, contact us at https://goldenpi.com/contact-us

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About Issuer

SAKTHI FINANCE LIMITED

Credit Rating / Outlook

Other Important Details & Disclosures

Taxation

How to buy this SAKTHI FINANCE LIMITED IPO online?

What is the yield of this SAKTHI FINANCE LIMITED IPO?

Is it safe to invest in bonds?

How to redeem this SAKTHI FINANCE LIMITED IPO?

Is this SAKTHI FINANCE LIMITED IPO tax-free?

Can I sell this SAKTHI FINANCE LIMITED IPO before the maturity date?

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Filling complaints on SMARTODR & SCORES - Easy & Quick

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