SREI NCDs | srei
 

Key Highlights

  1. All Categories of Investors can apply in NCDs across all Series of different tenors in 400 days, 3 years, 5 years and 10 Years.
  2. Minimum application size is Rs. 10,000 (10 NCDs) across all series collectively.
  3. Monthly and cumulative interest payment options available in Demat mode and Annual option in Physical mode also for Category III Investors.
  4. The Issue is rated 'BWR AA+ (BWR Double A plus) (Outlook:Stable)’ by BRICKWORK. This indicates a high degree of safety regarding timely servicing of financial obligations.
  5. The NCDs are proposed to be listed on the BSE and NSE to provide liquidity.
  6. ^Additional incentive of 0.25% p.a. for Category III investors who are existing holder of NCD(s)/Bond(s) previously issued by our Company and Srei Equipment Finance Limited (“SEFL”), in the past public issues of NCD and/ or are equity shareholder(s) of our Company and/or are Senior Citizens and/or are Employees of Srei Group, on Deemed Date of Allotment. Additional incentive will not be applicable for series I and II applicant irrespective of any Category of Investors.
  7. Individual Investors can apply for allotment of NCDs only in DEMAT mode for Series I, Series II, Series III, Series V, Series VI, Series VIII, Series IX and Series XI which would be allotted compulsorily in dematerialized form to all Categories of Investors.
  8. There is no tax deduction at source (TDS) in case of application through demat mode.
  9. The NCDs offered through Series I to Series VIII are Secured NCDs and through Series IX to XI are Unsecured NCDs.
  10. For successful non-ASBA Applicants, the Company shall pay at the rate of 7% p.a. on the application money for the NCDs allotted.
  11. Allotment of NCDs will be on first-come-first-serve basis#
  12. Category I, Category II and Category IV can apply for NCDs in Demat mode only across all Series.

Issue Structure

SPECIFIC TERMS AND CONDITIONS IN CONNECTION WITH EACH SERIES OF NCDs:

To view the issue structure click here

Institutional, Non-Institutional Category Investor(s), Individual Category Investor(s) and Trusts & Society Category of Investors can subscribe to all Series of NCDs.

*** Our Company shall allocate and allot Series IV Secured NCDs wherein the Applicants have not indicated their choice of the relevant NCD Series.

#Series I, Series II, Series III, Series V, Series VI, Series VIII, Series IX and Series XI would be allotted compulsorily in dematerialized form to all categories of Investors.

Investors in the proposed NCD who fall under Category III and who are holder of NCD(s)/Bond(s) previously issued by our Company and/or Srei Equipment Finance Limited (“SEFL”), in past public issues of NCD and/ or are equity shareholder(s) of our Company (“SIFL”) and/or are Senior Citizens and/or are Employees of Srei Group, on Deemed Date of Allotment and who have subscribed for Series III NCDs and/or Series IV NCDs and/or Series VI NCDs and/or Series VII NCDs and/or Series IX NCDs and/or Series X NCDs shall be eligible for additional incentive of 0.25% p.a. provided the NCDs issued under the Proposed Tranche 1 Issue, are held by the Investors on the relevant Record Date applicable for payment of respective coupon in respect of Series III, Series IV, Series VI, Series VII, Series IX and/or Series X NCDs

For Investors who fall under Category III and who are holder of NCD(s)/Bond(s) previously issued by our Company and/or Srei Equipment Finance Limited (“SEFL”) in past public issues of NCDs and/or equity shareholder(s) of our Company (“SIFL”) and/or are Senior Citizens and/or are Employees of Srei Group on Deemed Date of Allotment applying in Series V, Series VIII NCDs and Series XI, the maturity amount at redemption along with the additional yield would be Rs.1,296/- per NCD, Rs.1,557/- per NCD and Rs.2,537/- per NCD provided the NCDs issued under the Proposed Tranche 1 Issue are held by investors on the relevant record date for redemption of Series V, Series VIII and Series XI NCDs.

Category III Investors subscribing to Series I NCDs and Series II NCDs shall not be eligible for any additional incentive, regardless of their qualifications as mentioned hereinabove.

On any relevant Record Date the Registrar and/or our Company shall determine the list of the Primary holder(s) of this Tranche 1 Issue and identify such Investor/ NCD Holders, (based on their DP identfication and /or PAN and/or entries in the Register of NCD Holders), and make applicable coupon/interest payments.

The additional coupon will be given only on the NCDs allotted in this Tranche 1 Issue i.e. to the Primary holder(s) falling under Category III. In case if any NCD is bought/acquired from secondary market or from open market, additional coupon will not be paid on such bought/acquired NCD.

In case the Primary holder(s) sells/gifts/transfer any NCDs allotted in this public issue, additional coupon will not be paid on such sold/gifted/transferred NCD except in case where NCDs are transferred to the Joint holder/Nominee in case of death of the primary holder.

Senior Citizen(s) have to provide self -attested copy of PAN card as additional KYC document irrespective of the mode of application either through demat or physical for the eligibility of additional coupon of 0.25% per annum. In case of non-receipt of copy of PAN along with application form while applying for the NCDs of the Proposed Issue, the additional coupon of 0.25% p.a. will not be applicable. Employees have to provide a copy of employee ID card or written certificate from Human Resource Dept. of Issuer along with the application form to avail additional coupon of 0.25% p.a.

About Srei Infrastructure Finance (“SIFL” / “Srei Infra”)

  1. Srei Infra has been a holistic infrastructure institution, with a history of over 27 years in the infrastructure sector.
  2. We boast of a large customer base and over Rs.3,74,129 million of consolidated Assets Under Management as on March 31, 2017. We have a net worth of over Rs. 48,154 million and Profit After Tax of over Rs.2,433 million as on March 31, 2017 on a consolidated basis.
  3. Its equity shares are presently listed on the NSE, the BSE and the Calcutta Stock Exchange Limited (‘CSE’).
  4. Srei is classified as “Infrastructure Finance Company Status (IFC)” by the Reserve Bank of India (RBI) within the overall classification of Non-Banking Finance Company.
  5. Srei has also been notified as a “Public Financial Institution” by the MCA, under section 4A of Companies Act, 1956 (now Section 2(72) of the Companies Act, 2013).
  6. In over 27 (twenty seven) years of operation, Srei has empowered a large number of entrepreneurs through its bouquet of services in the infrastructure sector: Infrastructure project finance, advisory, infrastructure equipment finance, venture capital, capital market, equipment rental, integrated rural network of Common Services Centers (CSCs), insurance broking, SEZ and industrial park and environment management.
PRODUCT DISCLAIMER

@The Tranche 1 Issue shall remain open for subscription on Working Days from 10 A.M. to 5 P.M. (Indian Standard Time) during the period indicated above, except that the Tranche 1 Issue may close on such earlier date or extended date as may be decided by the Board/Committee of Directors, as the case maybe, subject to necessary approvals. In the event of early closure or extension of the Tranche 1 Issue, our Company shall ensure that notice of the same will be provided to the prospective investors through advertisements in a leading national daily newspaper with wide circulation on or before such earlier date of Issue Closure or initial date of Issue Closure, as the case may be. On the Issue Closing Date, the Application Forms will be accepted only between 10 a.m. and 3 p.m. (Indian Standard Time) and uploaded until 5 p.m. or such extended time as may be permitted by the Stock Exchanges. For further details please refer to the “General Information” of the Tranche 1 Prospectus.

^Additional incentive of 0.25% p.a. for Category III investors who are the existing holders of NCD(s)/Bond(s) previously issued by our Company and Srei Equipment Finance Limited (“SEFL”), in the past public issues of NCD(s) and/ or are equity shareholder(s) of our Company and/or are Senior Citizen(s) and or/ are Employee(s) of Srei Group, on Deemed Date of Allotment and provided the NCDs issued under the Tranche 1 Issue are held on the relevant Record Date for interest payment for Series III, Series IV, Series VI, Series VII, , Series IX and/or Series X NCDs (Secured or Unsecured NCDs) and relevant Record Date for redemption for Series V, Series VIII and/or Series XI NCDs (Secured or Unsecured NCDs).Additional incentive will not be applicable for Series I and Series II applicant irrespective of any Category of Investors.

Capitalized term used and not defined shall have the same meaning assigned to such terms in the Tranche 1 Prospectus and Shelf Prospectus both dated February 05, 2018.

# Determined on the basis of date of application on the electronic bidding platform of Stock Exchanges.

* For details, terms and conditions please refer to Shelf Prospectus and Tranche 1 Prospectus both dated February 05, 2018 filed with the Registrar of Companies, West Bengal, BSE, NSE and SEBI.

Disclaimer Clause of BSE: “It is to be distinctly understood that the permission given by BSE Limited should not in any way be deemed or construed that the Prospectus has been cleared or approved by BSE Limited nor does it certify the correctness or completeness of any of the contents of the Prospectus. The investors are advised to refer to the Prospectus for the full text of the Disclaimer Clause of BSE Limited”.

Disclaimer Clause of NSE: “It is to be distinctly understood that the permission given by NSE should not in any way be deemed or construed that the Offer Document has been cleared or approved by NSE; nor does it certify the correctness or completeness of any of the contents of the Offer Document. The investors are advised to refer to the Offer Document for the full text of the Disclaimer Clause of NSE”.

Disclaimer Clause of SEBI: “It is to be distinctly understood that submission of the Offer Document to the Securities and Exchange Board of India (SEBI) should not in any way be deemed or construed that the same has been cleared or approved by SEBI. SEBI does not take the responsibility either for the financial soundness of any scheme or the project for which the Issue is proposed to be made or for the correctness of the statements made or opinions expressed in the Offer Document. The investors are advised to refer to the Offer Document for the full text of the “Disclaimer Clause of SEBI”.

Disclaimer Clause of Issuer:Srei Infrastructure Finance Limited is, subject to market conditions and other considerations, proposing a Public Issue of Secured Redeemable Non-Convertible Debentures of Face Value of Rs.1,000/- each (the “Secured Debentures” or the “Secured NCDs”), amounting to Rs.15,000 million and Unsecured Subordinated Redeemable Non-Convertible Debentures of Face Value of Rs.1,000/- each (“Unsecured Debentures” or the Unsecured NCDs”) aggregating to Rs.5,000 million, total amounting to Rs. 20,000 million (‘Shelf Limit’). This Tranche Issue is with a Base Issue Size of Rs.2,000/- million with an option to retain oversubscription up to the Shelf Limit i.e. Rs.20,000 million (Tranche 1 Issue) and is being offered by way of Tranche 1 Prospectus, which should be read together with Shelf Prospectus dated February 05, 2018 (The “Shelf Prospectus”), filed with the Registrar of Companies, West Bengal, the Securities and Exchange Board of India, BSE and NSE. The Investors are advised to take any decision to invest in the NCDs pursuant to their examination of the Issuer and on the basis of the disclosures made in the Tranche 1 Prospectus read with the Shelf Prospectus. Please see the section titled “Risk Factors” beginning on page 14 of the Shelf Prospectus for the risks in this regard.

Availability of Prospectus:The Shelf Prospectus and Tranche 1 Prospectus, both dated February 05, 2018 will be available on the websites of the Issuer, Lead Managers, SEBI, BSE and NSE at www.srei.com, www.spacapital.com, www.sebi.gov.in, www.bseindia.com and www.nseindia.com respectively. Physical copies of the Shelf Prospectus and Tranche1 Prospectus can be obtained from the Company’s Registered Office and Corporate offices, Offices of the Lead Managers, Lead Brokers, Trading Members and Designated Branches of the SCSBs.