111

AFL-10%-27-12-28-NCD

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Overview
Analysis

10ARKA28 analysis



Key facts


Issuer
Arka Fincap Ltd.
Issue date
Dec 27, 2023
Maturity date
Dec 27, 2028
Outstanding amount
‪3.00 B‬INR
Face value
1,000.00INR
Minimum denomination
10,000.00INR
Coupon
10.00% (Fixed)
Yield to maturity
12.94%
Arka Fincap Limited is a customer-focussed, digitally enabled, systemically important Non-Banking Finance Company (NBFC). We provide secured and unsecured financing solutions to MSMEs, SMEs, developers, and corporates. An RBI-licensed company, Arka was founded in 2018. We pride ourselves in offering innovative financing solutions that enable our customer’s businesses by providing them with growth capital. Arka has served diverse industries and segments like restaurants, retailers, designers, cement, warehouses, logistics, automobile, and chemical among others. Crisil has assigned Arka a rating of AA (-) for the long-term borrowings and A1 (+) for the short-term borrowings. Arka is currently present in 14 cities across West, South and North regions in India and has 140+ employees across all branches. Arka is a subsidiary of Kirloskar Oil Engines Limited (KOEL).
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