Announced Mon, 15 Jun · 12:10 IST
Finkurve to raise ₹100 Cr via NCDs on private placement
Fund Raising View source PDF
FINKURVE · 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
+14.3%1-day move
₹63.00
prior close
₹64.00
base price
In-mkt
timing
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+0.0+0.0+0.5+0.5+14.3+13.1+11.3+9.4+11.6+7.6+11.0+1.6——
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AI summary
Finkurve Financial Services board approved raising up to ₹100 crore through rated, listed, senior, secured, redeemable NCDs via private placement on the EBP platform. Issue: 1 lakh NCDs at ₹10,000 face value (Base ₹50 Cr + Green Shoe ₹50 Cr). Tenure: 24 months (Jun 16, 2026 to Jun 16, 2028). Coupon: 11.33% paid quarterly. Secured by first-ranking exclusive charge on receivables. To be listed on BSE.
Likely market impact
No equity dilution; adds ₹100 Cr secured debt with quarterly interest obligation, increasing leverage but supporting growth.