About the Company

SREI Equipment Finance Ltd (SREI EFL) is India’s leading financier in the construction, mining and allied equipment space, holding an almost 32.7% market share in FY2017, as per the Feedback Report. SREI EFL offers loans for new and used equipment, and leases. The company’s business model hinges on tie-ups with original equipment manufacturers (OEMs) as a preferred financier or a private label association.

It had 191 OEM partnerships and 64,000 current customers as on September 30, 2017, as per the Feedback Report. The company serves a wide range of customers, from first time users and first time buyers to fleet owners, mid-size contractors to large corporations and project owners. Over FY2015 to FY2017, the company’s disbursements rose to Rs. 11,714.8 crore from Rs. 7,719 crore. Gross and net non-performing assets (NPA) ratios have also dropped to 2.48% from 4.98% and to 1.76% from 3.83%, respectively.

Issue Details
  • Base issue size of Rs 500 crore with an option
    to retain oversubscription up to Rs.1,000 crore.
  • Institutional portion – 20%, non-institutional portion – 20%, Individual – 60% of the overall issue size
  • Secured redeemable non-convertible debentures
  • [BWR AA+ (Outlook: Stable) by BRICKWORK and SMERA AA+/Stable by SMERA
  • 10 NCDs (Rs.10, 000) and in multiple of one NCD
  • BSE
  • Cheque in favour of SEFL NCD IV Escrow Account
  • 7% per annum [Other than to ASBA Applicants^]
  • 5% per annum
  • Edelweiss Financial Services Ltd, A. K. Capital Services Ltd., IIFL Holdings Ltd, SPA Capital Advisors Ltd, Tipsons Consultancy Services Pvt. Ltd, Trust Investment Advisors Pvt. Ltd. and SREI Capital Markets Ltd.
  • Karvy Computershare Private Limited

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Disclaimers:
  • Client should read the Risk Disclosure Document issued by SEBI & relevant exchanges, the Do’s & Don’ts and the T & C on www.sharekhan.com before investing. Investments in equity is subject to market risks. You are advised to carefully read the red herring prospectus of the company and go through all the Risk Factors mentioned in the offer document issued by the company before investing. The investment as mentioned in the document may not be suitable for all investors. Investors may take their own decisions based on their specific investment objectives and financial position and using such independent advisors, as they believe necessary. Either SHAREKHAN or its affiliates or its directors or employees / representatives / clients or their relatives may have position(s), make market, act as principal or engage in transactions of purchase or sell of securities, from time to time or may be materially interested in any of the securities or related securities referred to in this report and they may have used the information set forth herein before publication.
  • For informative purposes only. Invest only after referring to the Red Herring Prospectus dated April 16, 2018.
  • Registered Office: Sharekhan Ltd, 10th Floor, Beta Building, Lodha iThink Techno Campus, Off. JVLR, Opp. Kanjurmarg Railway Station, Kanjurmarg (East), Mumbai - 400042, Maharashtra. Tel: 022 - 61150000. Sharekhan Ltd.: SEBI Regn. Nos. BSE-Cash-INB011073351; F&O-INF011073351; NSE - INB/INF231073330; MCX Stock Exchange: INB/INF-261073333; DP-NSDL-IN-DP-NSDL-233-2003; CDSL-IN-DP-CDSL-271-2004; Mutual Fund-ARN 20669; For any complaints email at igc@sharekhan.com