According to the projections, AUM mix is 50% on-book portfolio and 50% off-book (made possible due to co-lending)
So in reality it’s AUM of 10,000 crs they have to fund at a target leverage of 3.8 i.e. 2,631 crs equity and rest of the AUM being funded by co-lending partner banks.
Given current book value of ~1,400 crs and future fund raise of say 600 crs and 600 crs retained earnings over the next 2-3 years they can reach equity of 2,600 crs
These are just projections and errors of ±15% is possible given the growth being talked about here.
Subscribe To Our Free Newsletter |