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Instrument Details

ISIN: INE302E07300

Face value

₹1,000

Coupon rate

10%

Payment

Monthly

Tax Type

Taxable

Issue Size (Cr)

18.9423

Instrument Type

Debenture

Returns

High

Date of Issue

08 May 2020

Maturity Date

06 Aug 2024

Perpetual

Yes

Listing Status

Listed

Rating status

BBB (ICRA Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Secured

Asset Coverage

Principal + Interest

Seniority in Repayment

None

Guarantee Type

Non Convertible

About this Bond

SAKTHI FINANCE LIMITED OPTION VI 10 NCD 08JU24 FVRS1000
Sakthi Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE302E07300, with a face value of ₹1,000 rs on 08May20 to raise 18.9423 crores. The debt instrument is issued with a coupon rate of 10% and its interest is paid Monthly. The returns are Taxable and one has to pay the applicable tax on the returns from this investment. As per the filings, the long description of this Secured Debenture is 10% SECURED LISTED RATED REDEEMABLE NON CONVERTIBLE DEBENTURES. OPTION VI. DATE OF MATURITY 08/06/2024.. This instrument is issued in Public Issue mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 12May20. ICRA LIMITED has given BBB rating to this Debenture on 05Feb24. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.

Rating (Debt Quality)

Instrument Rating
BBB
Moderately Safe
BBB
check
Date Verified
06 Feb 2024
check
Outlook
Stable
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Seniority in Repayment
None
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Security
Secured
Investment Calculation (Pre-Tax)

Below is an indicative cash-flow on investment, actual cash-flow may differ.

Face Value
₹1,000
Lot Size
100
Minimum Investment
₹1,00,000

Cashflow

₹1,00,000
08-May-20 : Your investment
₹833
08-Jun-20 : Interest
₹833
08-Jul-20 : Interest
₹833
08-Aug-20 : Interest
₹833
08-Sep-20 : Interest
₹833
08-Oct-20 : Interest
₹833
08-Nov-20 : Interest
₹833
08-Dec-20 : Interest
₹833
08-Jan-21 : Interest
₹833
08-Feb-21 : Interest
₹833
08-Mar-21 : Interest
₹833
08-Apr-21 : Interest
₹833
08-May-21 : Interest
₹833
08-Jun-21 : Interest
₹833
08-Jul-21 : Interest
₹833
08-Aug-21 : Interest
₹833
08-Sep-21 : Interest
₹833
08-Oct-21 : Interest
₹833
08-Nov-21 : Interest
₹833
08-Dec-21 : Interest
₹833
08-Jan-22 : Interest
₹833
08-Feb-22 : Interest
₹833
08-Mar-22 : Interest
₹833
08-Apr-22 : Interest
₹833
08-May-22 : Interest
₹833
08-Jun-22 : Interest
₹833
08-Jul-22 : Interest
₹833
08-Aug-22 : Interest
₹833
08-Sep-22 : Interest
₹833
08-Oct-22 : Interest
₹833
08-Nov-22 : Interest
₹833
08-Dec-22 : Interest
₹833
08-Jan-23 : Interest
₹833
08-Feb-23 : Interest
₹833
08-Mar-23 : Interest
₹833
08-Apr-23 : Interest
₹833
08-May-23 : Interest
₹833
08-Jun-23 : Interest
₹833
08-Jul-23 : Interest
₹833
08-Aug-23 : Interest
₹833
08-Sep-23 : Interest
₹833
08-Oct-23 : Interest
₹833
08-Nov-23 : Interest
₹833
08-Dec-23 : Interest
₹833
08-Jan-24 : Interest
₹833
08-Feb-24 : Interest
₹833
08-Mar-24 : Interest
₹833
08-Apr-24 : Interest
₹833
08-May-24 : Interest
₹833
08-Jun-24 : Interest
₹833
08-Jul-24 : Interest
-₹180
06-Aug-24 : Interest
-₹180
06-Aug-24 : Interest
₹1,41,305
06-Aug-24 : Maturity amount (Investment: ₹1,00,000, Interest earned: ₹41,305)

Summary

Instrument Attributes

Value

Coupon Rate

10%

Returns

High

Bond Rating

BBB

Seniority in Repayment

None

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Non-Banking Financial Company (NBFC)
Head Office
HEAD OFFICE
Coimbatore
Sector name
SECTOR
Financial Services
Issuer ownership
ISSUER OWNERSHIP
Private Sector

FAQs about INE302E07300 issued by Sakthi Finance Limited

The instrument name of INE302E07300 ISIN is SAKTHI FINANCE LIMITED OPTION VI 10 NCD 08JU24 FVRS1000.
The interest earned from INE302E07300 bond issued by Sakthi Finance Limited is paid Monthly, ensuring regular and consistent income for investors.
This INE302E07300 bond issued by Sakthi Finance Limited has been assigned a credit rating of BBB by ICRA LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 10%, which determines the periodic interest payments made to bondholders.
The INE302E07300 Debenture is issued by Sakthi Finance Limited, a Private Sector company.
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