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NCD Status: Closed [7th Dec 2023 to 20th Dec 2023]
Arka Fincap issues secured and redeemable NCDs worth base issue size of Rs 300 crores and shelf size of Rs 500 crores. The NCD opens for subscription from 7 Dec to 20 Dec 2023. Investors can subscribe for a minimum ticket size of Rs 10,000 crores or 10 NCDs. The NCD tenor is 24, 36, and 60 months and the coupon rate ranges from 9% to 10%. Check more details about Arka Fincap NCD 2023 including credit rating, coupon rates, effective yield, frequency of payment, and a lot more.
| NCD Opening Date: | 7th Dec 2023 |
| NCD Closing Date: | 20th Dec 2023 |
| NCD Type: | Secured NCD |
| Issue Size (Base): | ₹300.00Cr |
| Issue Size (Shelf): | ₹500.00Cr |
| Face Value: | Rs 1000 each NCD |
| Issue Price: | Rs 1000 per NCD |
| Market Lot: | 1 NCD |
| Min Order Qty: | 10 NCD |
| Min Order Amount: | Rs 10000 |
| Listing at: | BSE |
| Tenor: | 24, 36 and 60 Months |
| Rating: | “ CRISIL AA-/ Positive” by CRISIL Ratings Limited |
| Series: | Series I to VI |
| Payment Frequency: | Quarterly and Annually |
| Basis of Allotment: | |
| Interest on return: |
Zerodha Trade@20
| NCD Activity | Date |
|---|---|
| NCD Issue Open | 7th Dec 2023 |
| NCD Issue Close | 20th Dec 2023 |
| BSE Code: | 3224 |
| BSE Script Symbol: | AFLNCD01 |
* - Tentative Dates
| Category Name | NCD's Reserved | NCD's Allocated |
|---|---|---|
| Institutional | 375000 | 25% |
| Non-Institutional | 375000 | 25% |
| HNI | 375000 | 25% |
| Retail | 375000 | 25% |
Arka Fincap is a RBI registered Non-Deposit taking NBFC company in India. The company primarily offers term financing solutions to corporates, real estates, urban infra financing, MSME loans, and personal financing solutions.
As of Dec 31, 2022, the company has a total loan book value of Rs 3,38,932.27 lakhs. Its distribution network includes 70 in-house sales team and 500 third-party direct sales associates.
Arka Fincap Limited's revenue increased by 83.6% and profit after tax (PAT) rose by 88.72% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 4,512.21 | 4,338.09 | 2,627.00 | 1,366.14 |
| Revenue | 258.48 | 372.89 | 203.09 | 102.93 |
| Profit After Tax | 35.32 | 61.36 | 32.52 | 16.88 |
| Net Worth | 1,130.83 | 1,033.04 | 826.93 | 666.88 |
| Reserves and Surplus | ||||
| Total Borrowing | ||||
| Amount in ₹ Crore | ||||
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
Arka Fincap Limited NCD Coupon Rates
| # | Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 |
|---|---|---|---|---|---|---|
| Frequency of Interest Payment | Quarterly | Annual | Quarterly | Annual | Quarterly | Annual |
| Nature | Secured | Secured | Secured | Secured | Secured | Secured |
| Tenor | 24 Months | 24 Months | 36 Months | 36 Months | 60 Months | 60 Months |
| Coupon (% per Annum) | 9.00% | 9.30% | 9.30% | 9.65% | 9.65% | 10.00% |
| Effective Yield (% per Annum) | 9.29% | 9.29% | 9.62% | 9.64% | 9.99% | 9.99% |
| Amount on Maturity (In Rs.) | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 |
The promoters of the company are Kirloskar Oil Engines Limited and Arka Financial Holdings Private Limited
The NCDs proposed to be issued under this Issue have been rated CRISIL AA-/Positive by CRISIL Ratings Limited, with such ratings considered to have a stable outlook.
Last Updated on 2023-12-23T05:32:59+00:00
