Srei Infrastructure Finance NCD Review

Srei Infrastructure Finance NCD Review

The Kolkata based company was incorporated in the year 1989. It had started its business in a limited capacity as a construction equipment financier. The infrastructure financing company has a history of 25 years in the infrastructure sector. The article contains Srei Infrastructure Finance NCD Review along with issue details and company summary.

About Srei Infrastructure Finance NCD Issue Details

  • The issue opens on- Apr 9, 2019
  • The issue close on- May 9, 2019
  • Issue Type: Secured, Redeemable, Non-convertible debenture
  • Face value: Rs. 1000 Per NCD
  • Issue size: NCD’s of Rs. 100.00 Cr
  • Issue size: Rs. 1500.00 Crore
  • Issue price: Rs. 1000 Per NCD
  • Market lot: 1 NCD
  • Listing At: BSE
  • Minimum order quantity: 10 NCD
  • DRHP: Click here

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Purpose of Issuing NCD

  • One of the Basic purposes of issuing the NCD are onward lending, financing. Apart from this, there are payment or repayment of interest and principal of existing borrowings.
  • There are also General objectives like enhancing brand image, advertising also come under it.
  • The company also wants to raise its debt fund.

About Srei Infrastructure Finance

  • The company was among the few Indian NBFC to have accessed the international market for funds and to have been listed on the London Stock Exchange.
  • The major and important customers of the company belong to infrastructure construction and development. The focus point is on telecom, road, energy, port, special economic zone, water, sanitation, urban public transport, energy etc.
  • As on the March 31, 2018 and March 31, 2017 the entire income of the company were 17,736.20 and 22,996.20.

Financial Information

Srei Infrastructure Finance NCD Review

The particular statement shows the it-loss of the company. the previous five years statement, there we can see that the company was still in the development stage. In the FY17, the profit level was not so good. As per the financial statement from DRHP of the company, its EPS (earnings per share) was 10.77. Its industry P/E was 39.82. Price/Book value was 1.42. As per the data, Magma Fincorp NCD Review carries a NEUTRAL view.

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