Himatsingka Seide allots Rs 34 cr NCDs at 11.5% via private placement
HIMATSEIDE · price
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On the reaction day the stock moved 1.5 pts less than Nifty Microcap 250 and 2.0 pts less than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Himatsingka Seide allotted 34,000 listed NCDs on Sept 30, 2026, raising Rs 34 crore via private placement at face value of Rs 10,000 each. Includes a green shoe option of 4,000 NCDs. Coupon is 11.50% per annum, payable quarterly. NCDs are senior, unsecured, rated, and listed on BSE. Tenure is 42 months, maturing March 30, 2030, with principal repaid in three installments at 30, 36, and 42 months.
Raises Rs 34 cr at 11.5% cost, adding interest burden but strengthening liquidity. Authorization for Series E NCDs withdrawn.