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Issue Opens | Wednesday, September 07, 2016 | Issue Price | Rs. 1000/- per NCD |
Issue Closes | Wednesday, September 28, 2016 | Face Value | Rs. 1000 per NCD |
Registrar | Karvy Computershare Private Ltd. | Minimum Application | Rs. 10,000 (10 NCDs) and in multiple of Rs. 1,000 (1 NCD) thereafter across all series |
Listing On | BSE & NSE | Debenture Trustee | Axis Trustee Services Ltd. |
Credit Ratings | "BWR AA+" by BRICKWORK | ||
Lead Managers | Edelweiss Financial Services Ltd., A. K. Capital Services Ltd., ICICI Bank Ltd., Trust Investment Advisors Private Ltd., Srei Capital Markets Ltd., Axis Bank Ltd., Karvy Investor Services Ltd., Indusind Bank Ltd., IIFL Holdings Ltd. & Yes Securities (India) Ltd. | ||
Issue Size | Base Issue of Rs.2,500 million with an option to retain oversubscription upto the Shelf Limit, i.e. upto Rs.10,000 million |
Series | I | II | III | IV | V | VI | VII |
Frequency of Interest Payment | Cumulative | Monthly | Annual | Cumulative | Monthly | Annual | Cumulative |
Tenure | 400 days | 3 years | 5 years | ||||
Category I, II & III | 9.08% | 9.76% | 9.82% | 9.75% | 10.02% | 10.04% | 10.00% |
Srei Infra entered the segment of infrastructure financing in 1989 in a limited capacity as a construction equipment financier. During the pre-liberalization era India's infrastructure segment was largely dominated by few players with negligible role for private sector players.
The economic liberalisation in 1991 widened the opportunity for Srei Infra to mobilise resource and fund larger number of customers across regions. Srei Infra persisted through the ups and downs of the business cycles emerged as one of the strong players in the infrastructure financing space with an over 25 year track record of performance and credentials.
Their company was originally incorporated by the name Shri Radha Krishna Export Industries Limited on March 29, 1985 with the Registrar of Companies, NCT Delhi and Haryana (Registration No. 21-55352) in accordance with the Companies Act 1956 as a Public Limited Company to undertake lease and hire purchase financing, bill discounting and manufacture and export of certain goods. They obtained its certificate of commencement of business on April 9, 1985. The Company's name was changed to Srei International Limited on May 29, 1992 and further changed to Srei International Finance Limited with effect from April 12, 1994 to reflect its focus on financial services. The company's name was further changed from Srei International Finance Limited to its existing name of Srei Infrastructure Finance Limited on August 31, 2004.
The Net Proceeds raised through this Issue (in tranches) will be utilized for following activities in the ratio provided as below:
1. For the purpose of lending/ repayment of loan - minimum 75% of the Net Proceeds of the Issue.
2. 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.
Allotment is on First Come First Serve Basis
Click here to download the prospectus of this NCD Issue.
Category I includes Institutional Investors | Category II includes Non Institutional Investors | Category III includes Individuals
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