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SREI Equipment Finance Ltd NCD (SEFL NCD) Details

SREI Equipment Finance Ltd NCD (SEFL NCD) Details:

Srei Equipment Finance Ltd, non-banking financial company, provides financial products and services in India. It offers loans, leasing, rental, and fee-based services to companies operating in the construction, mining, technology and solutions, healthcare, ports and railways, oil and gas, agriculture, and transportation sectors.

The company was incorporated in 2006 and is headquartered in Kolkata, India. Srei Equipment Finance Ltd is a subsidiary of Srei Infrastructure Finance Ltd and BNP Paribas Lease Group BPLG SA.

Objects of the SREI Equipment Finance Ltd NCD (SEFL NCD):

The Net Proceeds raised through this Issue will be utilized for following activities as below:

  1. For the purpose of lending/ repayment of loan.
  2. For General Corporate Purposes.

SREI Equipment Finance Ltd NCD (SEFL NCD) Details:

  1. Issue Open: July 17, 2017 –  July 31, 2017.
  2. Issue Type: Fixed Price Issue NCD (First Come First Serve).
  3. Face Value: Rs. 1000 Per NCD.
  4. Lot Size: 10 NCDs and in multiple of 1 NCD thereon
  5. Minimum Order Quantity: 10 NCDs and in multiple of 1 NCD thereon.
  6. Issue Size: Rs 1000 Crore.
  7. Listing At: BSE, NSE

Interest Rate and Time PeriodThe NCDs will offer yield in the range of 9.25-9.92 per cent per annum. These carry the options of 5 Year 3 Months, 7 and 10 years.

Credit Rating: The NCDs proposed to be issued under this Issue have been rated “BWR AA+” (BWR Double A Plus) (Outlook: Stable) by Brickwork Ratings India Private Limited (“BRICKWORK”) and ‘SMERA AA+/Stable’ (SMERA Double A plus/Stable) by SMERA Ratings Limited (“SMERA”).

Edelweiss Financial Services LimitedA. K. Capital Services LimitedSPA Capital Advisors Limited and Trust Investment Advisors Private Limited will be the lead manager of the issue. While Axis Trustee Services Limited will be the Debenture Trustee of the issue.

Karvy Computershare Pvt Ltd will be the registrar of the issue.


Shelf Prospectus SREI Equipment Finance Ltd NCD (SEFL NCD):

SREI Equipment Finance NCD (SEFL NCD) Prospectus

Market Update:

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Eris Lifesciences Ltd IPO (ELL IPO) lists at par. Now Central Depository Services Ltd IPO (CDSL IPO) also listed at over 75% premium.

Au Financiers Ltd (AUFL) IPO also able to list successfully and gave its investors over 51% listing gains.

Now Salasar Techno Engineering Ltd IPO (STEL IPO) bidding is going to be active from July 12, 2017. Current Grey Market Premium (GMP) Of Salasar Techno Engineering Ltd (STEL) IPO is trading at Rs 85 – Rs 87 per equity share..

Some SME IPO will also be active in market in coming week.

This year we can see some good IPO hitting market like NSE Ltd IPOHDFC Standard life insuranceSBI life insurance IPO etc.

Keep watching this blog to keep yourself updated with all the news.

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