Announced Tue, 23 Jun · 12:14 IST
Mangal Credit allots 2000 NCDs worth 20 Crore via private placement
Fund Raising View source PDF
MANCREDIT · price
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Price reaction · full curve 14 horizons · vs prior close
+6.4%1-day move
₹217.30
prior close
₹225.81
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.2+0.2+0.1+0.3+6.4+7.0+10.6+11.5+10.9+12.8+6.6-0.5——
Up moveDown movePending
AI summary
Company allotted 2,000 secured, listed, rated, taxable, redeemable NCDs on private placement basis. Each NCD has a face value of INR 1 lakh, issued at a discount of INR 2,000, raising INR 20 crore in total. Coupon rate is 11.75 percent per annum, paid monthly. Tenor is 27 months with maturity on September 23, 2028. Secured by a 1.20 times receivables cover. To be listed on BSE under existing ISIN.
Likely market impact
Raises 20 Crore via 11.75 percent NCDs, adding to debt obligations; secured by receivables at 1.20x cover.