Bonds IPO details
IPO opening date
23 Apr, 2025
IPO closing date
5 May, 2025
Allotment date
19 May, 2025
Listing date
21 May, 2025
Face value
₹1,000.00/unit
Minimum investment
₹10,000.00
IPO size
₹100.00 crores
IPO document
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Muthoottu Mini Financiers Limited
Closes on 5 May
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About
Sakthi Finance, originally founded as Pollachi Credit Society Private Limited in 1955, has evolved into a prominent Non-Banking Financial Company (NBFC) in South India. Initially focused on addressing the hire purchase needs of TELCO dealerships within the Sakthi Group, headquartered in Pollachi, the company has undergone a significant transformation over the years.Specializing in financing the acquisition of commercial vehicles and construction equipment, Sakthi Finance is a leader in the industry. The company's journey has seen it expand its footprint, with a robust presence in more than 50 branches across Telangana, Andhra Pradesh, Kerala, Karnataka, and Tamil Nadu. Sakthi Finance serves a specific market segment, offering refinancing options for businesses seeking to acquire and upgrade their assets.;
Pros and Cons
Pros
Cons
The NCD is A- rated security with a stable outlook.
The yield offered is 10.5% which is much higher than FDs.
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