Skip to main content

SREI Equipment Finance Limited NCD September 2019 Review


SREI Equipment Finance Limited NCD September 2019 Review

Hello friends, today I have come with an interesting topic. From today I will start writing on NCD and I will give my reviews on it. So don't forget to check out these posts. Today I will tell about SREI Equipment Finance Limited NCD. So let's start. 

SREI equipment finance limited is a leading financier in the construction, mining and allied equipment sector. It basically gives loan for above purposes. Till now company has 90 branches in 21 states. Talking about financials, this company has net worth of ₹2790 crore and PAT ₹267 crore as on June 2018.




Important Details Of This NCD

This issue will be open from 19th August 2019 to 18th September 2019. So if you want to invest in this NCD then you must apply on or before 18th September 2019.
The issue size is 100 crore. 75% of this amount will be used for lending purpose and 25% of the amount will be used for general corporate use.

Face value of ncd is ₹1000.
Issue price of ncd is ₹1000.
Minimum lot size is 10.
Minimum amount to invest is ₹10000.
This ncd will be listed in BSE.

There are two different ratings on this NCD. Brickwork Ratings India Private Limited has given BWR AA ( outlook negative ) rating where as Acuite Rating Limited has given AA- ( outlook stable ) rating on this NCD.

Interest Rates For SREI EQUIPMENT FINANCE LIMITED

Following is the chart for interest rate payments and different options.

Interest rate of NCD



Review of SREI Equipment Finance Limited NCD issue Aug-Sep 2019

Though there are negative rating on this ncd, still I think one should invest in this NCD as it is offering a good % of interest. Second thing is it is secured ncd so one should take a little risk. Moreover I wouldn't recommend it for longer term but for short term I will definitely advise to invest ( 1 yr 1 month ).

( Disclaimer : I have invested in this NCD. )

Thanks for your time. Comment your queries in comment box. 

Comments

Popular posts from this blog

Success Story Of Colgate, One Of The Bestselling Toothpaste Brand

Success Story Of Colgate, One Of The Bestselling Toothpaste Brand "It cleans your breath while it cleans your teeth", can you guess whose slogan is this.  If you have guessed correct then today I'm going to tell you the success story of one of the best selling toothpaste brands of India i. e. Colgate.  It's popularity can be measured by thousands of situations where the term toothpaste is replaced by Colgate in India.  Do you know, this brand came into being almost 210 years ago, introduced by Williams Colgate .  And initially, this company used to produce soaps, not toothpaste that too in jars and not tubes.  So now, let's get back to the beginning of the story.  Also Read Success Story Of Haldiram Bujhia Success Story Of Amul How Maggie Became Successful? The founder of Colgate, Willam Colgate was born on 25 Jan 1783 in England. His father was a farmer.  But later, they shifted to Maryland in the US where his father along with a friend began to make candles

What is SIP - 5 Advantages and 2 Disadvantages

Hello friends, in this post we are going to discuss about SIP, its advantages and most importantly which no one will say you, its disadvantages. In this article you will get to know about SIP investments and what are the advantages and disadvantages of SIP. You must know it. Check it here. So imagine what we used to do in 90's when we were kids. People had piggybanks but I personally had a small box where I used to put coins whenever I get money.  There was a lot of emotions behind that and specially I used to fight whenever anyone touched my box. Imagine how our grand parents were saving money.   I will highly advise you to read this book based on mutual fund and published by CNBC TV18. This will give you a through knowledge related to mutual fund investing. Check out the book here. The -most common sources were   Fixed Deposits(FD) Recurring Deposits(RD) If I will explain the true meaning of SIP then it will be similar to Recurring Deposits.  SIP is modern era

60 New Year Resolution Ideas For You - Amazing Adviser

In this article we will tell you 60 New year Resolution Ideas which you can take this New year and make it meaningful.  If you have been relaxing the end month of a toxic year and wondering about the year to come, you’re at the right place!  Little do we imagine that life is after all, a reflection of what we do.  What we give is what we get and how we give is how we get! Sounds a bit like the Karma theory, jeez!   Well, this article is solely for the people who are too bad at making New Year resolutions and even worse at making them come true. Firstly, guys, why do you make a resolution? We make resolutions as hopes – hopes to build something better in the year, to give some more efforts, to live a bit happier and grow stronger.  Let’s just cheer for this hope that doesn’t die so easily in us – Sante!  Now to keep this kingdom of hopes alive once again, it is high time to think of some of the best New Year resolutions that will boost us up every time we think of them.  Here is a curat