X
Get in touch with us for more information
Name:
Mobile:
Email Id:
State:
City:
Company Overview

Company Overview

SREI Equipment Finance Limited; one of the leading non-banking financing companies in the organized equipment financing sector in India with a principal focus on financing infrastructure equipment. The Company is registered with the RBI as a non-deposit taking systemically important, non-banking financial company ("NBFC"). It provides financial products and services to companies operating in the construction, mining, technology and solutions, healthcare, ports and railways, oil and gas, agriculture and transportation sectors. Its financial products and services comprise loans, leases, rentals and fee-based services.

The Company has widespread network of offices across India to cater to the needs of a diverse customer base across various business segments and have been a key driver of its growth over the years. As of March 31, 2017, it has presence in approximately 21 states, including 89 branches across India.
Issue Highlights
Issue opens Monday, July 17, 2017
Issue closes Monday, July 31, 2017
Allotment First Come First Serve Basis
Face Value Rs. 1000 per NCD
Issue Price Rs.1000 per NCD
Nature of Instrument Unsecured, Subordinated, Redeemable Nonconvertible Debentures
Minimum Application 10 NCDs (Rs.10,000) & in multiple of 1NCD
Listing NSE / BSE
Rating 'BWR AA+ (BWR Double A Plus) (Outlook: Stable)' by BRICKWORK 'SMERA AA/Stable' by SMERA
Interest on Application Amount 8.00% per annum
Interest on Refund Amount 6.00% per annum
Lead Manager Edelweiss Financial Services Ltd.
Registrar Karvy Computershare Private Limited
Issue Size Public Issue of Rs. 500 Crs with an option to retain over-subscription up to additional 500 Crs aggregating to a total of upto Rs.1000 Crs.

* Persons resident outside India and other foreign entities are also not allowed

Issue Break up

Category Allocation Issue Size (Amt in Crs)
Base Issue Self Limit
QIB 30% 150 300
Corporate 20% 100 200
Individual 50% 250 500
Total 100% 500 1000

Effective Yield (p.a.)

Series I II III IV V VI VII VIII IX
Frequency of Interest Payment Monthly Annual Cumulative Monthly Annual Cumulative Monthly Annual Cumulative
Tenor from Deemed Date of Allotment 5 Years 3 Months 7 years 10 years
Effective Yield (per annum) Category I and Category II 9.65% 9.33% 9.30% 9.75% 9.42% 9.40% 9.92% 9.57% 9.55%
Specific Terms for Each Series Of NCDs

Specific Terms for Each Series Of NCDs

Series I II III IV V VI VII VIII IX
Frequency of Interest Payment Monthly Annual Cumulative Monthly Annual Cumulative Monthly Annual Cumulative
Minimum Application Rs.10,000 (10 NCDs) across all Series and in multiples of 1 (one) NCD of Rs.1,000/- each thereafter
Face Value/Issue Price of NCDs (Rs./NCD) Rs.1,000
In Multiples of (Rs.) Rs.1,000 (1 NCDs)
Tenor from Deemed Date of Allotment 5 Years 3 Months 7 years 10 years
Coupon (% per annum) for NCD Holders in Category I, Category II & Category III 9.25% 9.30% NA 9.35% 9.40% NA 9.50% 9.55% NA
Effective Yield (per annum) for NCD Holders in Category I, Category II and Category III 9.65% 9.33% 9.30% 9.75% 9.42% 9.40% 9.92% 9.57% 9.55%
Mode of Interest Payment Through various mode available.
Amount (Rs./NCD) on Maturity for NCD Holders in Category I, Category II & Category III Rs.1,000 Rs.1,000 Rs.1,596 Rs.1,000 Rs.1,000 Rs.1,876 Rs.1,000 Rs.1,000 Rs.2,490
Maturity Date (from Deemed Date of Allotment) 5 Years 3 Months 5 Years 3 Months 5 Years 3 Months 7 Years 7 Years 7 Years 10 Years 10 Years 10 Years
*** The Company shall allocate and allot Series II NCDs wherein the Applicants have not indicated their choice of the relevant NCD Series.
# Series I, Series III, Series IV, Series VI, Series VII and Series IX NCDs would be allotted compulsorily in dematerialized form to all categories of Investors.
Who Can Apply
Categories Category I Category II Category III
QIB Portion Corporate Portion Individual Portion
Allocation Ratio 30% of Overall Issue Size 20% of Overall Issue Size 50% of Overall Issue Size
 
  1. Public financial institutions, scheduled commercial banks, Indian multilateral and bilateral development financial institution which are authorized to invest in the NCDs;
  2. Provident funds & pension funds with a minimum corpus of Rs 2500.00 lacs, superannuation funds and gratuity fund, which are authorized to invest in the NCDs;
  3. Venture capital funds and / or Alternative investment funds registered with SEBI;
  4. Insurance companies registered with the IRDA;
  5. Insurance funds set up and managed by the army, navy, or air force of the Union of India;
  6. Insurance funds set up and managed by the Department of Posts, the Union of India;
  7. Systemically Important Non-Banking Financial Company, a nonbanking financial company registered with the Reserve Bank of India and having a net-worth of more than five hundred crore rupees as per the last audited financial statements
  8. National investment fund set up by resolution no. F. No. 2/3/2005 - DDII dated November 23, 2005 of the Government of India published in the Gazette of India;
  9. State industrial development corporations; and
  10. Mutual funds registered with SEBI.
  1. Companies within the meaning of section 2(20) of the Companies Act, 2013;
  2. statutory bodies/ corporations and societies registered under the applicable laws in India and authorized to invest in the NCDs;
  3. Co-operative banks and regional rural banks;
  4. Trusts including Public/private charitable/religious trusts which are authorized to invest in the NCDs;
  5. Scientific and/or industrial research organizations, which are authorized to invest in the NCDs;
  6. Partnership firms in the name of the partners;
  7. Limited liability partnerships formed and registered under the provisions of the Limited Liability Partnership Act, 2008 (No. 6 of 2009);
  8. Association of Persons; and
  9. Any other incorporated and/ or unincorporated body of persons.
  1. Resident Indian individuals; and
  2. Hindu undivided families through the karta.
Like us on Facebook Watch us on YouTube Follow us on LinkedIn Tweet us on Twitter Follow us on Google+
SEBI/ Regulatory Registration Nos.: BSE:INB/INF 010607233 NSE:INB/INF/INE 230607239. Merchant Banking: INM000010973 DP Reg: IN-DP-CDSL-28-99 DP ID - CDSL 12013200
© Copyright 2009. Asit C.Mehta Investment Interrmediates Ltd. (ISO 9001:2008 Certified Company)