SK Finance Limited

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Offer Period :

SK Finance Limited IPO Details

IPO Date - Minimum Investment ₹ / Lots
Listing Date Maximum Investment ₹ / Lots
Face Value ₹0 per share Total Issue Size ₹0 Crores
Price ₹0 to ₹0 per share Fresh Issue ₹0 Crores
Lot Size 1 Lots (0 Shares) Offer For Sale ₹ 0
Listing At Retail Discount ₹ 0
Employee Discount ₹ 0    
IPO Date -
Listing Date
Face Value ₹0 per share
Price ₹0 to ₹0 per share
Lot Size 1 Lots (0 Shares)
Listing At
Employee Discount ₹0 Crores
Minimum Investment ₹ / Lots
Maximum Investment ₹ / Lots
Total Issue Size ₹0 Crores
Fresh Issue ₹0 Crores
Offer For Sale
Retail Discount ₹ 0

Tentative Timeline

Important dates for allocation and IPO listing.

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IPO Starts

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IPO Ends

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Allotment Date

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Initiation of Refund

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Credit of Shares to Demat Account

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IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 0 0
Public Group 100 100

SK Finance Limited IPO Reservation

QIB Shares Offered 0(0%)
NII (HNI) Shares Offered 0(0%)
Retail Shares Offered 0(0%)
Anchor Investor Shares Offered 0(0%)
Total Shares Offered 0
Total Shares With Anchor Investor 0

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

SK Finance Limited IPO Registrar

KFin Techologies Ltd
Phone Number +91 40 6716 2222/
Email Id skfinanceltd.ipo@kfintech.com
Our Website www.kfintech.com

SK Finance Limited IPO Lead Manager

1. Kotak Mahindra Capital Company Ltd

2. Jefferies India Pvt Ltd

3. Motilal Oswal Investment Advisors Ltd

4. Nomura Financial Advisory & Securities (India) P L

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SK Finance Limited IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed

Strength of SK Finance Limited

1. According to the CRISIL Report, 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.

2. 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.

3. 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.

4. We have an experienced and professional management team with extensive industry knowledge.

Risks Involved

1. The company's business is primarily focused on used vehicle financing and any adverse development in this sector or in government policies affecting this industry could affect its business, cash flows and results of operations.

2. A majority of its business operations involve transactions with mid to low-income retail customers in rural and semi-urban areas of India who are susceptible to adverse economic conditions. Any default from such customers could adversely affect its business, cash flows, financial condition and results of operations.

3. The risk of non-payment or default by its customers may adversely affect the company's business, financial condition, cash flows and results of operations.

4. Its inability to recover the full value of vehicle collateral or amounts outstanding under defaulted vehicle financing loans in a timely manner or at all could adversely affect its business, financial condition, cash flows and results of operations.

5. The company requires substantial capital for its business and any disruption in the company's sources of funding could adversely affect its liquidity, business, cash flows, results of operations and financial condition.

6. As on December 31, 2023, 75.79% of its Assets Under Management were located in the states of Rajasthan, Madhya Pradesh and Gujarat in India. Accordingly, its operations are concentrated in these three states and any adverse developments in these regions could have an adverse effect on its business, cash flows and results of operations.

7. The company is subject to periodic inspection by the Reserve Bank of India. Non-compliance with the observations of the Reserve Bank of India could adversely affect its business, financial condition, results of operations and cash flows.

8. Though the company has experienced growth in recent years, its may not be able to sustain the company's growth effectively.

9. System failures or inadequacy and security breaches in information technology systems may adversely affect itsr business and reputation.

10. The company provide loans to micro, small and medium enterprises and any adverse development in this sector or in government policies affecting this sector could affect its business, cash flows and results of operations.

Why should you invest in

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Financials

Particulars For the financial year ending (in ₹ million)
 
Total Assets
Total Liabilities
Total Expenses
Total Revenue 
Profit After Tax
EBITDA
Adjusted EBITDA

SK Finance Limited IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
0 -
INE124N01039
₹0 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹0 ₹0
Open ₹0 ₹0
Low ₹0 ₹0
High ₹0 ₹0
Low ₹0 ₹0

Frequently Asked Questions

What is SK Finance Limited IPO?

Answer Field

SK Finance Limited IPO is a [-] IPO of [-] equity shares of a face value of ₹[-] aggregating up to ₹[-] Crores. The issue is priced at ₹[-] to ₹[-] per share. The minimum order quantity is [-] Shares. The IPO opens on [-], and closes on [-]. KFin Techologies Ltd is the registrar for the IPO. The shares are proposed to be listed on [-].

When SK Finance Limited IPO will open?

Answer Field

The SK Finance Limited IPO opens on [-] and closes on [-].

What is the lot size of SK Finance Limited?

Answer Field

SK Finance Limited lot size is [-] shares, and the minimum amount required is ₹[-].

How to apply for SK Finance Limited IPO?

Answer Field

You can apply in SK Finance Limited IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is SK Finance Limited IPO allotment?

Answer Field

The finalization of Basis of Allotment for SK Finance Limited IPO will be done on [-], and the allotted shares will be credited to your demat account by [-].

When is SK Finance Limited IPO listing date?

Answer Field

The SK Finance Limited listing date is [-].

Who is the registrar of SK Finance Limited IPO?

Answer Field

The registrar of SK Finance Limited IPO is KFin Techologies Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Kotak Mahindra Capital Company Ltd,Jefferies India Pvt Ltd,Motilal Oswal Investment Advisors Ltd,Nomura Financial Advisory & Securities (India) P L will be the book-running lead manager of this IPO.

What is the fresh issue of SK Finance Limited IPO?

Answer Field

The fresh issue size is ₹[-] Crores equity shares.

What minimum lot size can retail subscribers subscribe to SK Finance Limited?

Answer Field

Retail investors can subscribe to a minimum of one lot, [-] shares and ₹[-] amount.

How can I approve the UPI mandate request for SK Finance Limited IPO?

Answer Field

To apply for SK Finance Limited IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of SK Finance Limited?

Answer Field

The price of each SK Finance Limited share will be ranging in between ₹[-] to ₹[-] per share.

What is the cut-off time for the UPI mandate for SK Finance Limited IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, [-].

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