SREI Infra to raise Rs 150 cr via NCD; issue opens on May 9
SREI Infrastructure Finance Limited a Kolkata based NBFC has come out with its public issue of secured redeemable nonconvertible debentures (NCDs) of a face value of Rs 1,000/- each aggregating upto Rs 75 crore with an option to retain over-subscription upto Rs 75 crore for issuance of additional NCDs aggregating to a total of upto Rs 150 crore.The issue will open for subscription on May 09 and the has scheduled to close on June 09, 2014.
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| Series | I | II | III | IV | V | VI |
| Coupon (%) for Institutional & Non Institutional Investor(s) > | 10.70% | 11.25% | N.A. | 10.95% | 11.50% | N.A. |
| Coupon (%) for Individual Category > | 11.40% | 12.00% | N.A. | 11.40% | 12.00% | N.A. |
The company encompasses providing financial products and services for its customers. The funds raised through this issue, after meeting the expenditures of and related to the issue, will be used for various financing activities, to repay company’s existing loans and business operations including for capital expenditure and working capital requirements, subject to applicable statutory and/or regulatory requirements.
The issue offers 1 to 6 series to invest. One can apply for minimum application of 10 NCDs and in multiples of 1 NCD thereafter (Rs. 10,000 in multiple of Rs.1,000).
The NCDs have been rated “CARE AA-“ by Credit Analysis & Research Limited (“CARE”) and “BWR AA” by Brickwork Ratings India Private Limited.
Lead managers to the issue are ICICI Securities Limited, A. K. Capital Services Limited,
SPA Capital Advisors Limited and Srei Capital Markets Limited will be the . Karvy Computershare Private Limited is registrar to the issue.
SPA Capital Advisors Limited and Srei Capital Markets Limited will be the . Karvy Computershare Private Limited is registrar to the issue.
