Arka Fincap Limited NCD (Arka Fincap NCD Tranche I Nov 2023) Detail

December 7, 2023 - December 20, 2023

Incorporated in 2018, Arka Fincap is an NBFC providing secured and unsecured financing to MSMEs, SMEs, developers, and corporates.
The company has four main lines of business: corporate lending, real estate and urban infrastructure financing, MSME lending, and personal lending.
Arka operates in 17 Indian cities across West, South, and North regions with over 300 employees.
Arka, a subsidiary of Kirloskar Oil Engines Limited (KOEL), has been assigned a rating of AA(-) for long-term borrowings and A1(+) for short-term borrowings by Crisil.

Arka Fincap NCD Tranche I Nov 2023 Detail

Issue Open	December 7, 2023 - December 20, 2023
Security Name	Arka Fincap Limited
Security Type	Secured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Issue Size (Base)	Rs 300.00 Crores
Issue Size (Shelf)	Rs 500.00 Crores
Issue Price	Rs 1000 per NCD
Face Value	Rs 1000 each NCD
Minimum Lot size	10 NCD
Market Lot	1 NCD
Listing At	BSE
Credit Rating	“ CRISIL AA-/ Positive” by CRISIL Ratings Limited
Tenor	24, 36 and 60 Months
Series	Series I to VI
Payment Frequency	Quarterly and Annually
Basis of Allotment	First Come First Serve Basis
Debenture Trustee/s	Catalyst Trusteeship Limited

NCD Allocation Ratio

Category	NCD's Allocated
Institutional	25%
Non-Institutional	25%
HNI	25%
Retail	25%

NCD's Offered by Category

Category	NCD's Reserved
Institutional	375,000
Non-Institutional	375,000
HNI	375,000
Retail	375,000
Total NCD's	1,500,000

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

NCD Rating

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.

Company Promoters

The promoters of the company are Kirloskar Oil Engines Limited and Arka Financial Holdings Private Limited

Company Financials

Arka Fincap Limited Financial Information (Restated)

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

Objects of the Issue

The company intends to utilize the net proceeds from the issue towards the funding of the following objects:

For onward lending, financing, and for repayment of interest and principal of existing borrowings of the Company; and
General corporate purposes.

Arka Fincap NCD Tranche I Nov 2023 Prospectus

Arka Fincap NCD Tranche I Nov 2023 Subscription Status

The Arka Fincap NCD Tranche I Nov 2023 was subscribed 2.05 times on December 20, 2023 6:29:00 PM. The NCD subscribed 2.96 times in Retail, 2.34 times in HNI, 2.91 times in Non-Institutional, and 0.00 times in the Institutional category.

Category ?	Subscription (times)
Retail	2.96x
HNI	2.34x
Non-Institutional	2.91x
Institutional	0.00x
Total	2.05x

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Arka Fincap NCD Tranche I Nov 2023 Rating

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Company Contact Information

Arka Fincap Limited
2504, 2505, 2506, 25thFloor,
One Lodha Place, Lodha World Towers,
Senapati Bapat Marg, Lower Parel,Mumbai-400013

Phone: +91 22 4047 1000
Email: arkasecretarialandcompliance@arkafincap.com
Website: https://www.arkafincap.com/

Arka Fincap NCD Tranche I Nov 2023 Registrar

Link Intime India Private Ltd
   Link Intime India Private Ltd
   C 101, 247 Park, L.B.S.Marg,
   Vikhroli (West), Mumbai - 400083

Phone: +91-22-4918 6270
Email: arkafincap.ncd@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html

Arka Fincap NCD Tranche I Nov 2023 Lead Manager(s)

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