SREI Infrastructure Finance Ltd NCD (SIFL NCD) Details
As told investors that SREI Infrastructure Finance Ltd (SIFL) had filed for NCDs worth Rs 1000 crore with SEBI on August 19, 2016.
Now that NCD issue has been plan from September 07, 2016 – September 29, 2016.
It will be a public issue by SREI Infrastructure Finance Ltd (SIFL) of 10,000,000 secured redeemable non-convertible debentures (NCDs) of face value Of Rs 1,000/- each, aggregating upto Rs. 10,000 Million.
Objects of the Issue:
- For the purpose of lending/ repayment of loan – minimum 75% of the Net Proceeds of the Issue.
- For General Corporate Purposes – up to 25% of the Net Proceeds of the Issue.
- The unutilized amount if any will be used for purpose of lending/ repayment of loan.
- Issue related expenses.
SREI Infrastructure Finance Ltd NCD (SIFL NCD) details:
- Issue Open: Wednesday, September 07, 2016 – Thursday, September 29, 2016.
- Issue Type: 100% Book Built Issue (First Come First Serve).
- Face Value: Rs. 1000 Per NCD.
- Minimum Order Quantity: 10 NCDs and in multiple of 1 NCD thereon.
- Issue Size: Rs 1,000 Crore.
- Listing At: NSE, BSE.
|Category||Portion||Allotment Basis||Size (%)|
|QIBs (I)||Institutional||“First Come First Serve” basis||20% of the overall issue size|
|Corporates (II)||Non-Institutional||“First Come First Serve” basis||20% of the overall issue size|
|Individuals||Retail/HNI||“First Come First Serve” basis||60% of the overall issue size|
Credit Rating: ‘BWR AA+ (BWR Double A plus)’ by Brickwork Ratings India Private Limited (“BRICKWORK”).
ICICI Securities Limited, A. K. Capital Services Limited, IIFL Holdings Limited, Karvy Investor Services Limited, Srei Capital Markets Limited, Trust Investment Advisors Private Limited, YES Securities (India) Limited and Edelweiss Financial Services Limited will be the lead manager of the issue. While Axis Trustee Services Limited will be the Debenture Trustee of the issue.
SRIE Infrastructure Finance Ltd (SIFL) NCD Draft Shelf Prospectus :
Now next in pipeline is L&T Technology IPO which is going to start from September 12, 2016.
After that ICICI Prudential Life Insurance IPO is in pipeline which can hit market soon in September month.
There are some good stocks in Pipeline this year including BSE itself coming with its own IPO. BSE will be selling its shares on index and traded on exchange.
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