SK Finance Limited
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SK Finance Limited's is preparing to launch its Initial Public Offering (IPO) with a substantial issue size of TBD. The offering comprises a fresh issue component of TBD.
The price band for the IPO has been set at TBD, providing investors with a range to place their bids. The minimum investment lot consists of TBD, making it accessible to both retail and institutional investors.
The subscription window for this public offering opens on TBD and will conclude on TBD. Following the subscription period, the share allotment is scheduled for TBD, with the official listing expected to commence on TBD on the NSE, BSE exchange.
SK Finance Limited, incorporated in 1994, is a non-deposit-taking middle-layer Non-Banking Financial Company (NBFC-ML) focused on vehicle financing and MSME lending. The company provides secured loans for new and used vehicles, including cars, two-wheelers, tractors, and commercial vehicles (excluding medium and heavy commercial vehicles), as well as business loans for micro, small, and medium enterprises. SK Finance operates through a network of 535 branches across 11 states and one union territory, with MSME lending available through 322 branches in eight states and one union territory. As of December 31, 2023, the company had a workforce of 10,725 employees, including 6,202 in sales and 1,607 in collections.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
The expected premium is based on market buzz and online information. It should not be considered as the actual listing price or valuation. Always refer to the RHP and seek advice from a financial expert before making any investment decisions.
- Steady Loan Growth: SK Finance has expanded its lending portfolio consistently in recent years.
- Diverse Loan Products: Offers loans for vehicles, tractors, two-wheelers, cars, and business working capital.
- Wide Branch Network: Operates many branches across India, helping reach rural, semi-urban, and urban borrowers.
- Experienced Leadership: Promoters and management have years of experience in financial services.
- Profitability: Shows consistent profit growth as the business scales.
- Focus on Underserved Markets: Targets small businesses, transporters, and rural borrowers who often have limited access to finance.
- Smaller Scale: Compared to large NBFCs, SK Finance is relatively small, limiting scale benefits.
- Regional Concentration: A significant portion of loans is from specific regions, making it vulnerable to local economic changes.
- Asset Quality Risk: Some loans, especially new MSME or vehicle loans, carry a higher risk of delayed repayment or default.
- Dependence on Vehicle Finance: A large part of revenue comes from vehicle loans, so demand fluctuations in this sector can affect earnings.
- Competitive Market: Faces competition from bigger NBFCs, fintech lenders, and small finance banks.
- Rajendra Kumar Setia
- Yash Setia
- Rajendra Kumar Setia HUF
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