NCD issuance of Rs 75 Cr and USD 6 Mn ECB bonds approved

Fund Raising View source PDF Explain this filing

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

+0.2%Reaction day

₹128.00

prior close

₹129.50

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.6%-0.4% vs market

Non Banking Financial Company (NBFC) peers, median of 218sector+0.0%+0.2% vs sector

On the reaction day the stock moved 0.4 pts less than Nifty Microcap 250 and 0.2 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

Stock

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10m

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15m

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30m

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Sessions after the filingfrom the prior close

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Reaction day

+0.2+0.6-0.4+0.0+0.2

Next day

-1.1+0.2-1.3+0.3-1.4

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+0.3-0.3+0.6+0.0+0.3

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-3.4-1.4-2.0-1.6-1.8

15d

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+6.0+3.6+2.4-0.6+6.6

+3.1+2.0+1.2-1.7+4.8

+8.9+1.1+7.8-4.1+13.0

UpDownMarket · Nifty Microcap 250Sector · Non Banking Financial Company (NBFC) peers, median of 218Pending

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

AI summary

The management committee has approved raising up to Rs 75 crore via listed secured NCDs on private placement (including Rs 25 crore green shoe option) at a 10 percent coupon for 15 months, to be listed on BSE. Separately, approved foreign currency denominated bonds worth up to USD 6 million under the ECB route for 36 months at 6 month SOFR plus 450 bps, to be listed on India INX at IFSC. Both instruments are secured by first and exclusive charge on identified receivables.

Likely market impact

No equity dilution as these are debt instruments. Adds about Rs 75 Cr plus USD 6 Mn to borrowings; higher interest cost may pressure margins.