Crest Ventures to raise up to INR 100 Cr via 12% NCDs on private placement

Ncd High Yield 12pctFund Raising View source PDF Explain this filing

CREST · price

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Price reactionminutes from the announcement price · days from the prior close

-2.2%Reaction day

₹367.25

prior close

₹365.00

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.3%-2.5% vs market

Non Banking Financial Company (NBFC) peers, median of 199sector+0.4%-2.6% vs sector

On the reaction day the stock moved 2.5 pts less than Nifty Microcap 250 and 2.6 pts less than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Reaction day

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Next day

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UpDownMarket · Nifty Microcap 250Sector · Non Banking Financial Company (NBFC) peers, median of 199Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Crest Ventures board's Debenture Fund Raising Committee approved issuing 12% unsecured, listed, redeemable NCDs aggregating up to INR 100 Crores (base INR 75 Cr plus green shoe INR 25 Cr) via private placement. Each NCD has face value INR 1,00,000, total 10,000 NCDs, with 18 month tenure. Rated CARE BBB Stable by Care Ratings. Will be listed on BSE's Wholesale Debt Market. Issuance is within existing borrowing limits, no fresh member approval needed.

Likely market impact

Adds INR 100 Cr short-term debt at 12% coupon. CARE BBB stable rating reflects moderate credit risk. No equity dilution as NCDs are non-convertible.