Announced Tue, 14 Jul · 11:43 IST
Board allots NCDs worth INR 25 Cr at 11.50 percent via private placement
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
-2.3%1-day move
₹9.50
prior close
₹9.50
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-2.3+0.0-2.1+1.9+2.4-2.6————
Up moveDown movePending
AI summary
Akme Fintrade allotted 25,000 secured NCDs of INR 10,000 each, aggregating INR 25 Crores, on private placement basis. The NCDs carry a coupon of 11.50 percent per annum, payable monthly, with principal due at maturity in 24 months (by July 14, 2028). The issue will be listed on NSE and is backed by a 1.10 times security cover on loan receivables. Funds likely to support the company's lending business.
Likely market impact
Raises INR 25 Cr at 11.50 percent for 24 months, showing active fundraising but adding interest and principal repayment obligations.