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Srei Equipment Finance Ltd. (SEFL) has emerged as one the major equipment financiers in India.

SEFL enjoys a Pan-India presence with offices in 89 locations.

SEFL has an experienced management team having significant expertise in the financial services.

It provided financial products and services to companies operating in the Construction & Mining equipment, IT Infra equipment, Healthcare equipment, Farm Equipment and Pre-owned Construction Equipment.

Financial products offered by SEFL comprise Loans, Leases, Rental and Payper-Use services.

SEFL is a wholly owned subsidiary of Srei Infrastructure Finance Limited (Srei Infra). Srei Infra is a wellestablished brand in infrastructure financing domestically.

SREI Equipment Finance Limited NCD - Issue Details:

Issuer SREI Equipment Finance Limited (View Report)
Issue Type Secured, Redeemable Non-Convertible Debentures
Issue Period Issue Opens: Monday, Aug 19, 2019
Issue Closes: Wednesday, Sep 18, 2019
Coupon Rate 10.65% p.a *
Issue Size Base Issue of Rs. 100 crores with an option to retain oversubscription up to Rs. 400 crores aggregating to Rs. 500 crores (“Tranche I Issue Limit”) (“Tranche I Issue”) which is within the shelf limit of Rs. 1,400 crores
Face Value Rs. 1,000 per NCD
Minimum Application Size 10 NCDs (Rs. 10,000) and in the multiple of One NCD thereafter
Credit Rating ‘BWR AA (BWR Double A)’ (Outlook: Negative) by Brickwork and ‘ACUITE AA-’ (Acuite double A minus)’ by ACUITE
Mode of Allotment In Dematerialised Form
Institutional Investors 20% of issue size
Non Institutional Investors 20% of issue size
Individual Investors 60% of issue size
Listing NSE and BSE
Depositories NSDL & CDSL
Registrar Karvy Fintech Private Limited
Book Running Lead Managers Karvy Investors Services Limited, SMC Capitals Limited, SREI Capital Markets Limited
* Highest yield


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