Announced Fri, 3 Jul · 12:10 IST
Akme Fintrade to issue NCDs worth up to Rs 25 crore
Fund Raising View source PDF
AFIL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-3.4%1-day move
₹10.35
prior close
—
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-3.4-4.3-7.2-5.3-5.3-8.7-10.1———
Up moveDown movePending
AI summary
Akme Fintrade (India) Limited has approved issuance of listed, rated, senior, secured, redeemable Non-Convertible Debentures (NCDs) of up to Rs 25 crore via private placement in one or more tranches. The NCDs will be listed on NSE and secured against loan receivables with minimum 1.10 times security cover. Coupon rate and tenure are as per the key information document. Defaults will attract an extra 2 percent annual penalty interest.
Likely market impact
Rs 25 crore NCD raise will increase debt for this NBFC. Watch coupon rate and impact on margins. No equity dilution as NCDs are pure debt.