Arka Fincap NCD December 2023 Description – Arka Fincap is an NBFC-ML registered with RBI. The company primarily engaged in providing structured term financing solutions to corporates, real estate and urban infra financing, loans to micro, small, and medium enterprises (MSME), and personal finance loans to borrowers in India.
Arka operates in 17 Indian cities across West, South, and North regions with over 300 employees. As of 30 September 2023, Arka Fincap had served approximately 30,000 active customers. The total Loan Book as of 30 September 2023, FY 2023, 2022, and 2021 was INR 4,033.19 crore, INR 3,960.27 crore, INR 2,379.88 crore, and INR 1,124.33 crore, respectively.
Arka Fincap achieved a long-term debt rating of CRISIL AA-/Stable from CRISIL and a short-term rating of CRISIL A1+ from CRISIL within the first year of the inception of its business. The company average cost of borrowings as of 30 September 2023, FY 2023, 2022, and 2021 was 9.60%, 9.53%, 8.70%, and 9.27%, respectively.
Promoters of Arka Fincap – Kirloskar Oil Engines Limited and Arka Financial Holdings Private Limited
Arka Fincap NCD December 2023 Details
| Subscription Dates | 7 – 20 December 2023 |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Face Value | INR 1,000 per NCD |
| Issue Price | INR 1,000 per NCD |
| Issue Size (Base Issue) | INR 150 crore |
| Overall Issue Size (including oversubscription) | INR 300 crores |
| Minimum Lot Size | 10 NCDs |
| Market Lot | 1 NCD |
| Tenor | 24 months 36 months 60 months |
| Credit Rating | CRISIL AA-/ Positive |
| Category Reservation | Category 1 (QIB): 25% Category 2 (NII): 25% Category 3 (HNI): 25% Category 4 (Retail): 25% |
| Basis of Allotment | First Come First Serve |
| Listing On | BSE |
Arka Fincap NCD December 2023 – Options and Coupon Rates
| Option | Tenure | Interest Payment | Coupon Rate | Effective Yield | Maturity Amount |
| Series 1 | 24 months | Quarterly | 9.00% | 9.29% | INR 1,000 |
| Series 2 | 24 months | Annual | 9.30% | 9.29% | INR 1,000 |
| Series 3 | 36 months | Quarterly | 9.30% | 9.62% | INR 1,000 |
| Series 4 | 36 months | Annual | 9.65% | 9.64% | INR 1,000 |
| Series 5 | 60 months | Quarterly | 9.65% | 9.99% | INR 1,000 |
| Series 6 | 60 months | Annual | 10% | 9.99% | INR 1,000 |
Arka Fincap Documents
- Arka Fincap NCD Tranche I Prospectus
- Arka Fincap NCD Self Prospectus
- Arka Fincap NCD Draft Self Prospectus
- Upcoming NCDs
Arka Fincap Non-Convertible Debentures Lead Manager
JM FINANCIAL LIMITED
7th Floor, Cnergy, Appasaheb Marathe Marg,
Prabhadevi Mumbai – 400 025
Phone:Â +91 22 6630 3030
Email:Â [email protected]
Website: jmfl.com
Arka Fincap Non-Convertible Debentures Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli West
Mumbai – 400 083, Maharashtra
Phone:Â +91 810 811 4949
Email:Â [email protected]
Website:Â www.linkintime.co.in
Arka Fincap NCD Contact Details
ARKA FINCAP LIMITED
2504, 2505, 2506, 25th Floor, One Lodha Place,
Lodha World Towers, Senapati Bapat Marg,
Lower Parel, Mumbai- 400013, Maharashtra
Phone: +91 22 4047 1000
Email: [email protected]
Website: www.arkafincap.com
Arka NCD December 2023 Subscription Status (no. of times)
| Date | QIB | NII | HNI | Retail | Total |
| 20 Dec 2023 | 0.00 | 2.91 | 2.35 | 2.96 | 2.05 |
| 19 Dec 2023 | 0.00 | 2.85 | 2.32 | 0.86 | 1.51 |
| 18 Dec 2023 | 0.00 | 1.52 | 2.23 | 0.81 | 1.14 |
| 15 Dec 2023 | 0.00 | 1.52 | 2.23 | 0.70 | 1.11 |
| 14 Dec 2023 | 0.00 | 1.37 | 1.95 | 0.63 | 0.99 |
| 13 Dec 2023 | 0.00 | 1.37 | 1.89 | 0.58 | 0.96 |
| 12 Dec 2023 | 0.00 | 1.37 | 1.82 | 0.52 | 0.93 |
| 11 Dec 2023 | 0.00 | 1.37 | 1.71 | 0.46 | 0.89 |
| 8 Dec 2023 | 0.00 | 0.84 | 1.64 | 0.30 | 0.69 |
| 7 Dec 2023 | 0.00 | 0.84 | 1.56 | 0.16 | 0.64 |
Arka Fincap NCD December 2023 Allotment Status
Arka Fincap NCD December 2023 allotment status will be updated at the website of Link Intime India Private Limited website. Click on this link to get allotment status.
Arka Fincap NCD December 2023 FAQs
What is the face value and lot size of Arka Fincap NCD December 2023?
The NCDs will be issued at a face value of INR 1,000 each NCD and the minimum lot size is 10 NCDs.
What is the frequency of interest payment in Arka Fincap NCD December 2023?
The frequency of payment for Arka Fincap NCD is Quarterly and Annual.
What is the basis of allotment in Arka Fincap NCD December 2023 offer?
Arka Fincap NCDs will be allotted on a First Come First Serve Basis.
