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.

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

SREI Equipment Finance Limited NCD - Issue Details:

Issuer SREI Equipment Finance Limited (View Report)
Issue Type Secured and Unsecured Redeemable Non-Convertible Debentures
Issue Period Issue Opens: Wednesday, December 19, 2018
Issue Closes: Friday, January 18, 2019
Coupon Rate 10.75% p.a *
Issue Size Rs 150 crore base issue size, with an option to retain oversubscription amount up to Rs 150 crore, aggregating to Rs 300 crore overall issue size
Face Value Rs.1,000 per NCD
Minimum Application Size Rs.10,000 (10 NCDs) and in multiple of Rs.1,000 (1 NCD) thereafter across all Series
Credit Rating BWR AA+ (BWR Double A Plus) (Outlook: Stable) by Brickwork
ACUITE AA+/Stable (ACUITE Double A plus/Stable) by ACUITE
Mode of Allotment and Trading Compulsorily in dematerialised form
QIB 20% of issue size
Corporate 20% of issue size
Retail Individual 60% of issue size
Listing BSE
Depositories NSDL & CDSL
Registrar Karvy Fintech Pvt Limited (formerly known as Karvy Computershare Pvt Limited)
Book Running Lead Managers Edelweiss Financial, IIFL Holdings, Tipsons Consultancy, Trust Investment & Srei Capital Markets Ltd
* Highest yield




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