Finkurve to raise ₹100 Cr via NCDs on private placement

Fund Raising View source PDF Explain this filing

FINKURVE · price

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

+4.8%Reaction day

₹63.00

prior close

₹64.00

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.8%+3.0% vs market

Non Banking Financial Company (NBFC) peers, median of 219sector+1.3%+3.5% vs sector

On the reaction day the stock moved 3.0 pts more than Nifty Microcap 250 and 3.5 pts more 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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Sessions after the filingfrom the prior close

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Reaction day

+4.8+1.8+3.0+1.3+3.5

Next day

+14.3+2.3+12.0+1.3+13.0

+13.1+3.4+9.7+1.7+11.4

+11.3+3.9+7.3+1.9+9.4

+9.4+4.8+4.7+2.2+7.2

+11.6+5.7+5.9+2.2+9.4

+7.6+4.8+2.8+1.9+5.7

15d

+11.0+5.2+5.8+1.0+10.0

+1.6+6.2-4.6+0.3+1.3

+14.3+9.3+5.0+0.4+13.9

+14.4+7.6+6.8-0.5+14.9

UpDownMarket · Nifty Microcap 250Sector · Non Banking Financial Company (NBFC) peers, median of 219Pending

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

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.