Religare Finvest Limited (RFL) is an NBFC that provides lending solutions to the SME sector. We have a book size of approximately INR 125 billion and a network of 25 branches covering all the major SME clusters across India.

Loans Against Securities: Our Loans Against Securities (LAS) business involves offering loans secured by securities held by retail customers. RFL’s LAS book as of March 31, 2012 stood at INR 16.05 billion across 1,389 clients.

IPO Financing: IPO Financing is focused on the high net worth individual (HNI) investor finance market in India and is engaged in offering secured loans to such high net worth customers who subscribe to shares of companies in domestic public offerings (“IPO Financing”). IPO Financing helps customers overcome the liquidity concerns by providing leverage to put in large size applications. RFL undertakes IPO Financing with minimal incremental costs due to its existing infrastructure and client base.

Promoter financing: Promoter financing entails lending to promoters of large, reputed corporates against shares held by them in their companies, as well as other collateral, in order to augment the resources at the disposal of the promoters. RFL undertakes credit appraisal to establish the serviceability of the loans and also maintains a high margin of safety on the security. The outstanding loans for the promoter financing product as on March 31, 2012 amounted to INR 7.09 billion across 20 clients.

ESOP Financing: ESOP Financing allows employees who have been awarded company stock options under an ESOP to take a loan against vested stock options and shares allotted on exercise of such options. Many corporates proactively facilitate the exercise of ESOP options by their employees through this mechanism. RFL’s loans for ESOP financing as of March 31, 2012 aggregated to INR 20.19 million across 41 clients.

To know more, visit our Loans Against Marketable Securities page.