Blog Disclaimer ; Message as Received . Please Recheck All Details
Message From
Sandip Ginodia
CEO: Altius Investech P Ltd ; Abhishek Securities
Unlisted Shares | Private Equity | Pre IPO
Director: Sapphire Wealth (Direct Members: NSE;MSEI)
m:
+91 9830271248
a:
73A, GC Avenue, Kolkata - 700013
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About Opportunity
- Security Name: 12.40% Annapurna Finance 2029 (Listed , Subordinated debt)
- Coupon Rate: 12.40%
- Interest Date: Monthly payable on 24th of every month
- Maturity Date: 24th April, 2029
- Face Value of Security: INR 1 Lakh
- Quantum available: INR 2 Lakh Multiples
- Rating: ICRA A- (Stable)
- ISIN: To be alloted
About Annapurna Finance
AFPL (erstwhile, Annapurna Microfinance Private Limited [AMPL]) was
initially promoted in 1990 as a society by the name of People’s Forum
(PF) by Gobinda Chandra Pattanaik in Odisha. It started operation in
Khurda district of Orissa with the objective to form and promote SHGs
and socio-economic development. In November 2009, PF acquired Gwalior
Finance and Leasing Company Private Limited, a non-banking finance
company (NBFC) registered in Varanasi, Uttar Pradesh, and transferred
its microfinance loan portfolio to the NBFC. The name of the NBFC was
changed to AMPL in February 2010 and to its present name in January
2018. AFPL is engaged in micro finance lending to women borrowers under
SHGs, JLG as well as individual loans, housing loans and MSME loans.
Why you should consider this paper?
- Strong track record with more than two decades of experience in the Microfinance industry
- Marquee PE investors which represent the best and
biggest global names in Impact Investing with significant shareholding
and board presence; thereby gives comfort on the corporate governance
front. Regular equity support from PE investors; Rs. 200-225 crores further expected in this FY. Also the company has consistently been audited by big 4 auditors which gives more credibility to reported numbers.
- Collections has been close to 100% on a consistent basis.
- Stable Asset quality with Net NPA only 1.48% as on March 31, 2023
- Annapurna Finance Limited has applied for a Universal Banking license with RBI in Q3FY2022; the application is under review; Annapurna should get re-rated if this license is received.
- Great comfort is drawn from the fact that initial
investors who invested in the debt, went on to take an equity stake
later, which is a sign of confidence in the management quality and
operational performance.
- Strong Term Sheet – with 0.25 % step up on 1 notch rating downgrade & accelerated redemption on 2 notch rating downgrade
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About Opportunity
-
Minimum Investment: ₹1,00,234
Expected returns: ₹1,09,737
Arranger: Kotak Mahindra Bank
Total Funding Raised: Rs.1125 Crs (Rs.732 Crs already invested by Kotak)
Pre-tax IRR: 12.5%
Tenure: 18 Months
Payment Frequency: Interest (monthly) and Principal (quarterly)
About RattanIndia
- Part of the RattanIndia Group
- Incorporated in 2007, by the Indiabulls group. Post the split in
the group in 2014, managed by its current promoter i.e. Mr. Rajiv
Rattan, first generation entrepreneur and co-founded Indiabulls Group in
2000
- Operates a thermal power plant with an operational capacity of 1,350 MW at Amravati in Maharashtra, India.
- One of the few private-sector thermal power generators supplying
power to Maharashtra State Electricity Distribution Company Ltd.
- Listed Entity
- MCap of ₹2,540 Crores
- The company generated total income of ₹ 2,586 crore in 9MFY2023 as
against ₹3,259 crore in FY2022 as against ₹1,559 crore in FY2021
Why you should concider this paper?
- Fully Secured Non-Convertible Debentures (NCDs).
- Short Tenor of ~18 months with high IRR of 12.5%.
- Arranger of this transaction is Kotak Mahindra Bank.
- This investment is part of the total investment of Rs 1,125 crore by a consortium of lenders.
- Pledge of 26% equity capital of Borrower.
- Corporate guarantee of RR Infralands Private Limited (RRIPL) to the extent of the value of outstanding under the facility.
- Strong covenants such as DSCR > 1.2x, Security cover > 2x, Gross Debt/ EBITDA < 2x, TOL/ TNW < 0.5x.
- All cashflows to be deposited into Escrow account to be maintained with Kotak Mahindra Bank and paid as per the defined cash sweep mechanism
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Blog Comments
Blog Caution
Two Way Quotes ( i.e simultaneous Buying / Selling Rates ) given by Dealers may be Incorrect.
Investors, please, Recheck from Independent
Please , also , read
http://www.rareindianshares.info/2017/09/dealers-two-way-quotes-can-be.html
Dealers of Unlisted / Delisted Shares
Please click the link For Many Dealers' Contact List
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Dealers of Rare Indian Shares
Sambhav Aggarwal
Arms Securities
Tel : +919899131155
MANISH
9958006642
3A CAPITAL SERVICES
NILESH KOTAK
08866004076 - Whatsapp also
InvestorZone ,232/12, New Kot Gaon, Ghaziabad, ,Dinesh Gupta, Partner
DHARAWAT
08108303330 or dharawat1@gmail.com
SANDIP GINODIA
9830271248
OPPOSITE HIND CINEMA, NEAR AXIS BANK
73a, GANESH CH AVENUE, 2ND FLOOR, KOLKATA-700013
Vipul Gandhi
Gandhi Associates
25, New Jagnath, Saptabhumi Apt., (GF)
Rajkot-360001
Phone : + 91 - 281 324 6757 / 329 6757
.
Dilip Surana
Strides Financial Services
"Arihant Plaza"
84-85,Wall Tax Road, Ist floor
Park Town, Above SBI
CHENNAI 600003
Phone No 044-25350312, 25350313
Fax No 044-42371148
Mobile 9840278351 95000 95121
dilipmsurana@gmail.com
IP Gupta M.Sc,MBA,( Faridabad ) ,also consultants for problematic transfer cases - m- 9971104447
Important Blog Request
Because of technical reasons we are unable to our full list of Dealers.
Please do click on this link for our full list
Complete List of Dealers
.Please Must CLICK the link For Many Dealers' Contact List
http://www.rareindianshares.info/2021/05/dhruval-shah-selling-metropolitan-stock.html
4 Additions To The Previous List
1. Tarun Jain ,+91-9716719433 ,+91-9968510065
tarun90.jain@gmail.com
2. www.altinven.com
3 https://blog.unlistedkart.com/
4 Dee Unlisted Store (One Stop Shop For All Your Unlisted Shares Trades)
Deepa Bhatia (+91 9820900224)
Haresh Bhatia (+91 9423080060
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