SK Finance unlisted share price

Price history

About

SK Finance Limited is a non-banking finance company (NBFC) headquartered in Jaipur, Rajasthan. It began in 1994 as Ess Kay Auto Finance Private Limited and took its present name in 2021. The RBI classifies it as an NBFC-Middle Layer. The company's main business is vehicle finance. It lends mostly against used commercial vehicles (excluding medium and heavy ones), cars and tractors. It also does MSME loans. Its customers are largely self-employed, mid to low-income borrowers in rural and semi-urban areas, many with limited access to formal credit. Scale, from the restated numbers in its 2024 DRHP: total revenue from operations was ₹13,027.68 million in FY23, up from ₹8,143.82 million in FY22, and profit for the year was ₹2,227.86 million. Assets under management (AUM) were ₹60,431.29 million at March 31, 2023 and ₹74,248.53 million for the vehicle financing vertical at December 31, 2023. It ran 535 branches at December 31, 2023. These are the restated figures filed in the DRHP; later annual reports were not available to us, so newer numbers are not shown. The promoters are Rajendra Kumar Setia, Yash Setia and Rajendra Kumar Setia HUF. They held 43,323,124 equity shares, or 32.26% of the pre-offer capital, at the time of the DRHP. Private equity investors including TPG Growth, Norwest Venture Partners and Evolvence are also shareholders and are selling shareholders in the proposed IPO. On the IPO, SK Finance filed its DRHP with SEBI for an offer of up to ₹22,000.00 million. This is a fresh issue of up to ₹5,000.00 million and an offer for sale of up to ₹17,000.00 million. We do not predict dates or prices. Unlisted shares of a company like this trade off-market between private parties, so the price shown here is only indicative and can differ from any deal you may be offered.