Sk Finance IPO Details Today: Sk Finance IPO is Open on 7 May 2024 and Close on 10 May 2024. Sk Finance IPO to Raise 3,482,000 shares (Approx ₹18.11 Cr) via IPO. The Fresh Issue of 3,482,000 shares (Approx ₹18.11 Cr).
We primarily have a secured, granular and retail loan portfolio for financing used and new commercial vehicles (excluding medium and heavy commercial vehicles) (“CVs (excluding M&HCVs)”), cars and tractors as well as new two-wheelers.
We started the MSME lending business in late 2016 where we primarily lend for the purpose of working capital requirements of these businesses.
These loans are fully backed by assets and are offered, primarily for income generation purposes, to the mid to low-income category of customers that are predominantly self-employed, unbanked or underbanked individuals in the rural and semi-urban areas of India with limited access to organized lending channels.
Our presence in the vehicle financing market for over 25 years, our product offerings, and our extensive distribution network, We have an extensive distribution network in rural areas, through which we aim to provide last-mile coverage and financial support to unbanked customers.
we have a distribution network of 535 branches in 11 states and one union territory. Out of 535 branches, we provide secured business loans to the MSME sector through 322 branches in eight states and one union territory we had 8,853 DSAs in our network
Object of the Issue
- Augmenting our capital base to meet future business requirements of our Company towards onward lending .
- general corporate purposes.
Our Company Promoter
- Rajendra Kumar Setia
- Yash Setia
Qualitative Factors
• We are the fastest growing player in the Vehicle & MSME finance segment among the peers analyzed, with a growing presence in the underpenetrated used CVs (excluding M&HCVs) and MSME financing segment based on our AUM CAGR in the respective vertical for the period between Fiscal 2021 and Fiscal 2023.
• We have a deep sales network enabling access to a large demography of customers in the rural and semi urban areas of India. Through our branch network spreading across rural and semi-urban areas, we understand the characteristics of the local markets and its customers. This allows us to assist in addressing specific needs and further improving our penetration into such markets.
• We have developed comprehensive systems and processes for underwriting, collections and risk management. These systems and processes are customized to assess our target customers’ income and evaluate collaterals in a structured manner in order for us to minimize our risk.
• We have an experienced and professional management team with extensive industry knowledge.
Comparison of Accounting Ratios with Listed Industry Peers
- SK Finance Limited .
- Shriram Finance Limited .
- Cholamandalam Investment and
Finance Company Limited. - Mahindra & Mahindra Financial Services Limited.
- AU Small Finance Bank Limited.
- Sundaram Finance Limited.
- Five-Star Business Finance Limited.
- SBFC Finance Limited.
Sk Finance Company Contact Details
SK Finance Limited
G 1-2, New Market
Khasa Kothi, Jaipur 302 001
Rajasthan, India
Email: cs@skfin.in
Telephone: +91 141 416 1300
Website: www.skfin.in
Sk Finance IPO Registar
KFin Technologies Limited
Selenium Tower B, Plot No. 31 and 32
Financial District, Nanakramguda,
Serilingampally
Hyderabad, 500 032
Telangana, India
Tel: +91 40 6716 2222/18003094001
E-mail: skfinanceltd.ipo@kfintech.com
Website: www.kfintech.com
Investor grievance e-mail: einward.ris@kfintech.com
Contact person: M. Murali Krishna
