Attached herewith is intimation with respect to the captioned subject.
MONEYBOXX · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Moneyboxx Finance Ltd has approved the issuance of 40,000 secured, rated, listed, redeemable, non-convertible debentures (NCDs) with a face value of INR 10,000 each, aggregating to INR 40 crore on a private placement basis. There is an additional Green Shoe Option of INR 15 crore, potentially taking the total to INR 55 crore. The NCDs carry a coupon rate of 10.25% per annum with a 24-month tenure (allotment on October 16, 2025, maturity on October 16, 2027), and principal will be repaid 50% at the end of the 21st month and the balance on maturity. The issue is secured by a first-ranking exclusive charge on identified receivables with a 1.10x security cover, and will be listed on BSE. The proceeds are expected to support the company's lending operations.
This is a debt raise (not equity dilution), so existing shareholders are not diluted, but it adds to the company's leverage. The 10.25% interest rate is reasonable and the security cover provides investor protection, suggesting healthy investor demand. Watch for the Green Shoe Option being exercised, which would signal strong appetite for the paper.