* - Tentative Dates
The company intends to utilize the proceeds of the Issue towards the following objects:
Luharuka Media and Infra Limited's revenue increased by 755% and profit after tax (PAT) rose by 807% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 165.85 | 15.04 | 20.76 |
| Revenue | 16.54 | 1.93 | 1.68 |
| Profit After Tax | 6.06 | 0.67 | 0.57 |
| Net Worth | 154.38 | 148.32 | 141.64 |
| Reserves and Surplus | 441.29 | 390.08 | 343.18 |
| Total Borrowing | 8.81 | 0 | 63.63 |
| Amount in ₹ Crore | |||
Luharuka Media & Infra Limited was incorporated in July 1981 under the name “Splash Media and Infra Ltd". Its business model focuses on credit business such as granting loans and advances. As an NBFC, the company is engaged in lending to corporates and individuals.
The various financial products offered by the company are mentioned below :
1. Short-term financing : The company offers short term loans ranging from 1 (one) month to 36 (thirty six) months.
2. Long-term loans : The company offers corporate and non-corporate loans with a term of 36 (thirty-six) to 84 (eighty-four) months.
It provides financing to its customers after determining the creditworthiness and repayment ability of its borrowers and assessing the material risks associated with the business/project/proposal for which the loan is requested.