SREI Equipment Finance Limited, a Kolkata based financial services company of Srei Group, is issuing the NCD (Non-Convertible Debentures). The company targets to raise a capital of up to Rs 8,000 crore through the tranche-2 issue. SREI Equipment Finance NCD 2019 opens for investment on 19th August 2019 and closes on 18th September 2019. The non-convertible debentures of face value Rs 1,000 each will be offered to investors during this issue. The company is offering a coupon rate (rate of interest) of up to 10.92% on investment.
About SREI Equipment Finance Limited
This company was founded in the year 2006 in Kolkata, West Bengal. It is one of the major equipment finance companies in India. It operates across 21 states with 89 branches and 4 offices. As of 30-Sep-2017, the company has more than 64,000 customers who are fresh users, fleet owners, contractors, large corporations and project owners.
The company finances for the purchase of equipment including construction, mining and allied equipment, tippers, IT and allied equipment, farm equipment and other assets. They are also engaged in providing equipment on leases as and when required by the customers across the business verticals. They offer financial services at the different stages of the equipment lifecycle including acquisition, deployment, maintenance, second life financing, and exiting.
SREI Equipment Finance NCD 2019 – Issue Details
| Issue Type | Secured Non-Convertible Debentures (NCDs) |
|---|---|
| Issuer Company | SREI Equipment Finance Limited |
| Issue Opens | 19th August 2019 |
| Issue Closes | 18th September 2019 |
| Coupon Rate (ROI) | Up to 10.92% |
| Face Value | Rs 1,000 |
| Issue Price | Rs 1,000 |
| Minimum Order Quantity | 10 NCD (Rs 10,000) |
| Issue Size | Up to Rs 8,000 Crores |
| Listing | BSE |
| Listing Date | Within 6 Working Days of Issue Closing Date |
| Rating |
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| Lead Managers |
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| Registrar | Karvy Fintech Private Limited |
| Company Contact Details |
Room no. 12 & 13, 2nd Floor, 6A, Kiran Shankar Roy Road, Kolkata – 700 001, West Bengal Website: www.sreiequipment.com |
Issue Prospectus and Other Details
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Disclaimer: This post is just information about the scheme. It does not give any advice or recommendation. Investment in securities is subject to market risk. Please read the offer document carefully before investing. It is also advised to consult your financial advisor of necessary suggestions.
Tags: #Investment #Debentures #NCD #Tata Capital
