SREI EQUIPMENT FINANCE Ltd. NCD 2017

SREI Equipment Finance Limited

Public Issue of Un-Secured, Subordinated Redeemable Non-Convertible Debentures (NCD’s)

with Coupon (interest) rate up to 9.55% p.a.

 Credit Rating :

“SMERA AA/Stable” ‘(SMERA Double AA/Stable)’ by SMERA
“BWR AA+” ‘(BWR Double A Plus) (Outlook: Stable)’ by BRICKWORK

Company Profile

  • SEFL is one of India’s leading non-banking financial companies in the organized equipment financing sector with a principal focus on financing infrastructure equipment. It is registered with RBI as a non-deposit taking systematically important, Non-Banking Financial Company (“NBFC”). It provided financial products and services to companies operating in the construction, mining, technology and solution, healthcare, ports and railways, oil and gas, agriculture and transportation sectors. Financial products offered by SEFL comprise loans, leases, rentals and fee-based services.
  • SEFL enjoys a pan-India presence in approximately 21 states, including 89 branches with more than 60,000 customers as on March 31, 2017.
  • SEFL’s distribution network includes SEP (Srei Entrepreneurs Partners), relationship managers, dealers, and manufacturers.
  • Stringent credit and risk policy in conformity with business plan to ensure asset quality of our loans and underlying security.
  • SEFL is a wholly owned subsidiary of Srei Infrastructure Finance Limited (Srei Infra). Srei Infra is a well-established brand in infrastructure financing domestically.
  • SEFL has achieved a total AUM of Rs.212,318 million, Net Worth of Rs.24,727 million and PAT of Rs.14,88 million as on March 31, 2017.

 

Credit Rating

“SMERA AA/Stable” ‘(SMERA Double AA/Stable)’ by SMERA
“BWR AA+” ‘(BWR Double A Plus) (Outlook: Stable)’ by BRICKWORK

  • Issuer: SREI Equipment Finance Limited
  • Type of instrument/ Name of the security : Un-Secured, Subordinated Redeemable Non-Convertible Debentures
  • Issue Size:  1Base issue Rs. 500 Crore with an option to retain over subscription up to Rs. 500 Crore aggregating to Rs. 1,000 Crores being the overall issue size.
  • Issue Price (in Rs) /Face value Rs 1,000 per NCD
  • Pay-in date Application Date. The entire Application Amount is payable on Application.
  • Interest type:  Fixed Coupon Rates
  • Issuance mode of the instrument*:  Physical and Demat
  • Listing : The NCDs are proposed to be listed on BSE & NSE
  • Trading mode of the instrument:  In dematerialised form only
  • Issue opening date:  July 17, 2017
  • Issue closing date: **July 31, 2017@
  • Allotment : First Come First Serve Basis
  • Minimum Application : Rs 10,000/- (10 NCDs) across all Series and in multiples of 1 (one) NCD thereafter
  • Mode of Interest Payment :Through various mode available.
  • Series I II III
    Frequency of Interest Payment Monthly Annual Cumulative
    Tenor From Deemed Date of Allotment 5 Years 3 Month
    Coupon (% per annum) for NCD Holders in Category I, Category II & Category III 9.25% 9.30% N.A.
    Effective Yield (per annum) for NCD Holders in Category I, Category II and Category III 9.65% 9.33% 9.30%
    Amount (Rs / NCD) on Maturity for NCD Holders in Category I, Category II & Category III ** Rs 1,000 Rs 1,000 Rs 1,596
    Maturity Date (from Deemed Date of Allotment) 5 Years 3 Months
    Call/ Put Option N.A. N.A. N.A.
    Series IV V VI
    Frequency of Interest Payment Monthly Annual Cumulative
    Tenor From Deemed Date of Allotment 7 Years
    Coupon (% per annum) for NCD Holders in Category I, Category II & Category III 9.35% 9.40% N.A.
    Effective Yield (per annum) for NCD Holders in Category I, Category II and Category III 9.75% 9.42% 9.40%
    Amount (Rs / NCD) on Maturity for NCD Holders in Category I, Category II & Category III ** Rs 1,000 Rs 1,000 Rs 1,876
    Maturity Date (from Deemed Date of Allotment) 7 Years
    Call/ Put Option N.A. N.A. N.A.
    Series VII VIII IX
    Frequency of Interest Payment Monthly Annual Cumulative
    Tenor From Deemed Date of Allotment 10 Years
    Coupon (% per annum) for NCD Holders in Category I, Category II & Category III 9.50% 9.55% N.A.
    Effective Yield (per annum) for NCD Holders in Category I, Category II and Category III 9.92% 9.57% 9.55%
    Amount (Rs / NCD) on Maturity for NCD Holders in Category I, Category II & Category III ** Rs 1,000 Rs 1,000 Rs 2,490
    Maturity Date (from Deemed Date of Allotment) 10 Years
    Call/ Put Option N.A. N.A. N.A.

Application Process and Form Submission/Collection Centers

Please take print of the Application Form A4 paper size.

Click here to download Application form of SREI NCD July 2017

Attach following document along with the application form : –
1] PAN Card and Address Proof Photo Copy attested by applicant.
2] One Cancelled Cheque copy.
3] Bidding is mandatory.
4] Cheque / DD should be drawn in favour of “SEFL NCD 3 – Escrow Account”.
5] On First come First Serve Basis
6] Keep photocopy of application form for your record.
7] Submit / deposit your NCD application form in Listed/ Design Bank Branches after bidding. (Click here to see your city)
8] To record and track the status/allotment of your application form, send us the soft copy Application Form/ Acknowledgement Slip.
9] The actual bond will reflect in your demat account within 8-12 weeks time form date of allotment.
10] Free Home Service available *

Who Can Apply/Invest

Public Financial Institutions, Statutory Corporations, Commercial Banks, Co-operative Banks and Regional
Rural Banks, Public/private charitable/religious trusts, Scientific and/or industrial research organisations, Resident Indian individuals; Hindu Undivided Families through the Karta (HUF).

Applications cannot be made by:

  • Minors without PAN and a guardian name*; (A Guardian may apply on behalf of a minor. Applications By minor must be made through Application forms that Contain the names of both the minor Applicant and theGuardian);
  • Foreign nationals except as may be permissible underThe applicable law;
  • NRIs who are (i) based in the USA, and/or, (ii) domiciled in the USA, and/or, (iii) residents/citizens of The USA, and/or, (iv) subject to any taxation laws of the USA;
  • NRIs on repatriation basis;
  • Persons resident outside India including without Limitation Foreign Institutional Investors, Foreign Portfolio Investors, Qualified Foreign Investors and Overseas Corporate Bodies;
  • Persons ineligible to contract under applicable Statutory/regulatory requirements and
  • Any category of investor other than the Investors Mentioned in categories I, II and III

 *Applicant shall ensure that guardian is competent to contract Under Indian Contract Act, 1872

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