IKF Finance Unlisted Share
IKF Finance Ltd
INE859C01017
Listing Status: DRHP Not Filed
About IKF Finance Unlisted Share
Overview of IKF Finance Unlisted Share
IKF Finance, established in 1991, is one of India’s leading Non-Banking Financial Companies (NBFCs), specializing in a broad range of financial services including vehicle loans, SME loans, and other asset financing solutions. Originally focused on meeting the financial needs of small road transport operators, IKF Finance has leveraged over 30 years of experience in the asset financing sector to diversify its product portfolio, now offering services like home loans. The company has built a strong presence across the country, particularly in the southern and western regions, with operations spanning 9 states, 52 cities, and 134 branches, including 64 in urban areas. Through this extensive network, IKF Finance primarily serves retail and corporate clients, focusing on financing commercial vehicles, construction equipment, and small and medium enterprises (SMEs), while maintaining a commitment to prudent risk management and catering to the financial needs of underbanked segments.
Products
1. Commercial Vehicle Loans: Financing for purchasing commercial vehicles like trucks, buses, and other heavy-duty vehicles.
2. Construction Equipment Loans: Loans for acquiring construction equipment such as excavators, bulldozers, and other machinery essential for construction activities.
3. Car and MUV Loans: Financing options for purchasing cars and Multi-Utility Vehicles (MUVs).
4. Tractor Loans: Loans specifically designed for farmers and agriculturists to purchase tractors and other agricultural equipment.
5. MSME Loans: Financial products aimed at Micro, Small, and Medium Enterprises (MSMEs) to help them with working capital needs, business expansion, or equipment purchase.
6. Home Loans: Loans provided for purchasing or constructing residential properties, including options for home improvement or extension.
Financial Snapshot
Loan Book Split Proportion
Insights of IKF Finance Unlisted Share
Financial Insights
Financials | March 31st, 2023 | March 31st, 2022 | % increase |
Revenue | 374.44 | 269.61 | 38.87% |
PAT | 61.52 | 51.13 | 20.32% |
EPS | 11.46 | 9.89 |
In the fiscal year ending March 31st, 2023, IKF Finance experienced remarkable growth in its financial performance, with revenue showing a Compound Annual Growth Rate (CAGR) of 22.55% and Profit After Tax (PAT) demonstrating a substantial CAGR of 31.27% over the period. This robust growth signifies the company's strong market position and effective business strategies. Additionally, the company maintained stable levels of Gross Non Performing Assets (GNPA) and Net Non Performing Assets (NNPA), reflecting sound asset quality management.
The key Business Insights for IKF Finance are as follows:
Years of operation | 32 |
Assets under Management | 2,452 Cr. |
Active Customers | 62922 |
No. of Employees | 1184 |
Rating | Rated A (Stable) |
IKF is among the few lending companies to have demonstrated consistent growth and profitability throughout different economic cycles. Despite challenges such as Covid and other macroeconomic headwinds, IKF has achieved robust growth of over 40% in recent years, alongside a steady return on equity of around 14%, as per a media release from the NBFC.
IKF Finance's focus on leveraging innovation and technology to drive growth and expansion resulted in a strong performance. Disbursements grew to 1674 Cr. in FY 2022-23 compared to 979 Cr. in the previous year, a robust increase of 71%. This resulted in a total AUM increase of 41% to 2,452 Cr. in FY 2022-23 from 1,742 Cr. reported in FY 2021-22.
Recent News
IKF Finance has successfully raised ₹2.5 billion from Accion's Digital Transformation Fund and new investors. This investment will help the company enhance its technology infrastructure, improve customer experience, and expand its reach to underserved populations. Accion was incorporated in 1990 by MR VGK Prasad, and it’s backed by Motilal Oswal Alternate Investment Advisors, which invested in the company in 2015. Accion took the lead in the funding round by contributing Rs 1.2 billion. The remaining amount was raised from other investors, including prominent high-net-worth individuals (HNIs) and family offices. The investment came from Accion's Digital Transformation fund, which focuses on providing growth equity to financial service providers and investing in digital transformation initiatives at scale. This infusion of capital will bolster the company's growth aspirations, allowing it to broaden and strengthen its distribution networks in select regions.
IKF has transformed into a multifaceted financier, boasting extensive capabilities in commercial vehicle loans, MSME finance, and affordable housing loans. Vasumathi Koganti, Promoter & MD of IKF Finance, expressed excitement about the partnership with Accion, especially given IKF's status as Accion's investment through its Digital Transformation Fund. With over thirty years of experience in asset financing, IKF has established a strong foundation in terms of geographic presence, diversified product portfolio, customer segments, credit and risk assessment, operational systems, and integrated technology platforms.
Financial Charts of IKF Finance Unlisted Share
Balance Sheet of IKF Finance Unlisted Share
Profit and Loss of IKF Finance Unlisted Share
Ancillary of IKF Finance Unlisted Share
Ratio Analysis
Peers
Industry Benchmarking
Segment Revenue
Subsidaries
Security Allotment
Corporate Governance
Team Management Details
FAQs of IKF Finance Unlisted Share
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How to buy IKF Finance Ltd?
Below are three ways through which you can purchase IKF Finance Ltd:
- We at Altius Investech have many actively traded scripts and are market makers of unlisted shares. To check out all the unlisted shares traded. (Click on link). To submit a request to buy IKF Finance Ltd, please click on the trade button at the top of this page
- Additionally, you can download our app from your play store or app store, register on our application, and engage in active trading there.
Download the Altius App here https://onelink.to/hf4m72 - You can also reach out to us at : +91 8240614850 / +91 8240861716
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How to sell IKF Finance Ltd?
Below are three ways through which you can sell IKF Finance Ltd:
- We at Altius Investech have many actively traded scripts and are market makers of unlisted shares. To check out all the unlisted shares traded. (Click on link). To submit a request to sell IKF Finance Ltd, please click on the trade button at the top of this page
- Additionally, you can download our app from your play store or app store, register on our application, and engage in active trading there.
Download the Altius App here https://onelink.to/hf4m72 - You can also reach out to us at : +91 8240614850 / +91 8240861716
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What is the price of IKF Finance Ltd?
We provide a two way quote on all the shares we deal in. Your buy price for IKF Finance Ltd is ₹414 and your sell price for IKF Finance Ltd is ₹285. The price is based on our estimates and market conditions.
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What is the lock-in period of IKF Finance Ltd?
The lock-in period for IKF Finance Ltd varies depending on the category of investors:
- For retail Investors, HNIs, or Body Corporates, the lock-in period is 6 months from the date of the listing of IKF Finance Ltd
- For Venture Capital Funds or Foreign Venture Capital Investors, there is a lock-in period of 6 months from the date of acquisition of IKF Finance Ltd
- For AIF-II (Alternative Investment Funds - Category II), there is no lock-in period
August 2021 saw the introduction of this regulation by SEBI. The purpose of the regulation change, which lowered the lock-in period from a year to six months, was to incentivize additional investments in firms getting ready for initial public offerings, or IPOs. Since its introduction, a number of Portfolio Management Services (PMS) have advised their clients to purchase Pre-IPO shares in order to take advantage of the advantages associated with early-stage investments. This reduction in the lock-in period is considered as a significant step forward.
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How is the IKF Finance Ltd price calculated?
Fundamental & Comparative valuation models and the forces of demand and supply in the market for unlisted shares dictate the price. These prices are based on our estimates and transaction history of IKF Finance Ltd. The price is also determined from the most recent funding round for IKF Finance Ltd. This provides us with a benchmark valuation, offering a clear indication of the company's current market value as perceived by investors and industry experts.
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What are the lot sizes of IKF Finance Ltd?
We can generally arrange lot sizes starting with an investment of INR 20,000. To confirm the lot sizes of IKF Finance Ltd with us kindly click here.
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What are the financials of IKF Finance Ltd?
The financials of IKF Finance Ltd which includes the P/L of IKF Finance Ltd and the Balance Sheet of IKF Finance Ltd is in the financials section (Click on link).
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Where can I find the annual report of IKF Finance Ltd?
The annual report of IKF Finance Ltd is available in the annual report section (Click on link).
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Is buying IKF Finance Ltd legal in India?
Yes, buying and selling unlisted shares in India is indeed 100% legal. This activity is regulated and governed under the guidelines provided by the Securities and Exchange Board of India (SEBI). Investors and traders must adhere to these regulations and guidelines to ensure compliance with legal and financial standards. It's important for participants in the unlisted share market to be aware of and understand these regulations to engage in transactions legally and securely.
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Short-term Capital Gain taxes to be paid on IKF Finance Ltd?
When you sell unlisted shares within a period of two years from the date of acquisition, any profit earned from the sale is classified as Short-term Capital Gain (STCG). This gain is then added to your total income for that financial year. The tax on this short-term capital gain is calculated based on your applicable individual income tax slab rates. Therefore, the rate at which you will pay tax on the STCG from unlisted shares depends on your total income, including this gain, and the tax slab it falls under as per the prevailing income tax laws in India. It's important for investors to consider these tax implications when engaging in transactions involving unlisted shares.
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Long-term Capital Gain taxes to be paid on IKF Finance Ltd and how are They Taxed?
Long-term Capital Gains (LTCG) on unlisted shares in India refer to the profits earned from the sale of unlisted shares that have been held for more than two years. The key aspects of LTCG on unlisted shares include:
- Tax Rate: LTCG on unlisted shares is taxed at a rate of 20%.
- Indexation Benefit: This is a significant advantage for investors. Indexation allows for adjusting the purchase price of the shares for inflation, which can reduce the taxable gain.
- Importance for Investors: Understanding LTCG is crucial, especially for High Net-worth Individuals (HNIs) and retail investors, as it impacts their investment strategy and tax planning. Knowing these details helps in making informed investment decisions.
- Calculation: LTCG is calculated by subtracting the indexed cost of acquisition (the purchase price adjusted for inflation) from the sale price of the shares. The profit thus calculated is subject to a 20% tax.
- Applicability: LTCG tax is applicable to profits from the sale of unlisted shares held for more than two years.
- Relevance: This tax is particularly relevant to investors in the unlisted share market, including those considering selling their holdings after a period of more than two years.
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Applicability of Taxes on IKF Finance Ltd once it is listed?
When shares initially bought in the unlisted market become listed, the taxation rules change significantly if these shares are sold through a stock exchange. Here's what investors need to know:
Transition to Listed Market Tax Rates: Once unlisted shares are listed on the stock exchange and subsequently sold, the tax rates applicable to listed securities come into effect. This shift means that the favourable tax treatments for listed shares, as per the prevailing tax laws, will apply.
Taxation Based on Holding Period: The crucial factor in determining the type of capital gains tax (Long-term or Short-term) is the holding period of the shares. Importantly, this period is calculated from the original purchase date when the shares were unlisted.
Long-term vs. Short-term Capital Gains: If the shares are sold after being held for more than one year from the date of purchase (including the period when they were unlisted), they are subject to Long-term Capital Gains (LTCG) tax.
Conversely, if sold within one-year, Short-term Capital Gains (STCG) tax rates apply.
Significance for Investors: This information is vital for investors in the unlisted market, as it impacts their tax planning and decision-making process. Understanding these nuances ensures that investors can strategically plan the sale of their shares post-listing to optimize tax implications.
Advice for Investors: It's advisable for investors to keep a record of their purchase dates and monitor the listing dates closely. Additionally, staying updated with the latest tax regulations or consulting with a financial advisor is recommended for accurate tax calculations and compliance. -
How does Altius Investech source IKF Finance Ltd?
At Altius Investech, our approach to sourcing Boat Unlisted Share (Imagine Marketing) involves a strategic and direct method. Primarily, we acquire these shares from the below key groups:
Employees of the Company: Employee stock option plans (ESOPs) or other compensation packages frequently include shares for firm employees. For a various reasons, such as including portfolio diversification or financial considerations, some of these employees may eventually choose to sell their shares. We engage with these employees, providing them a platform to sell their shares.
Initial Investors: These are the angel or early-stage investors who provided capital to the business in its early stages. These original investors may look to sell all or part of their ownership position in the company as it develops and flourishes. This might be done for various reasons such as in order to maximise their investment, reallocate resources, or make other calculated financial decisions.
Funding rounds and VC funds: Altius Investech sources the shares from private placement rounds in which private companies seek to obtain capital from the market. Through our platform, venture capital funds can liquidate their shares and we receive the inventory from them when they decide to sell a portion of their ownership through block trades.
By establishing connections with these groups, Altius Investech guarantees our clients a steady and dependable supply of Boat Unlisted Share (Imagine Marketing). This process not only makes it easier for employees and initial investors in liquidating their assets, but it also gives our clients access to shares that aren't often found on the open market. Our platform effectively facilitates a win-win situation for both buyers and sellers. -
How to trust Altius Investech before buying IKF Finance Ltd from its platform?
Altius Investech stands at being India's fastest growing and leading marketplace for buying and selling unlisted shares. We believe in enabling access to alternative sources of investments at lower entry barriers to private equity investments.
With more than 25 years of experience, Altius Investech has carved a niche in the financial market by serving more than 8000 clients. The incredible journey is further highlighted by the vast number of transactions that Altius Investech has facilitated transactions that have already exceeded 300 crores.
For investors Altius Investech curates investment opportunities in companies at reasonable valuations which are on the verge of an IPO leading to massive value unlocking. Investments are backed by thorough research and sound investment thesis, with a time bound exit plan.
For ESOP Shareholder and existing Investors, we assist them to liquidate their shares even if they are not publicly traded by creating a platform where we find the right buyers and sellers for the best prices.
Altius Investech have been featured in top media news outlets like Economic Times, Financial Express, Money control. Check out about us on these - leading publications (Click on link) Our journey over these years has not just been about numbers; it's been about building trust and reliability.
We at Altius Investech are dedicated to upholding the greatest levels of ethics and transparency, making sure that your investment experience is not only profitable but also safe and reliable.
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