Omaxe Limited has informed the Exchange regarding allotment of 398 Non Convertible Debentures by way of Private Placement at its meeting held on July 16, 2025
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Omaxe Limited has allotted 398 Unrated Senior Secured Non-Convertible Debentures (NCDs) on a private placement basis at its committee meeting on July 16, 2025. Each NCD has a face value of Rs. 10 lakh, aggregating to Rs. 39.80 crore for this first tranche. This is part of a larger plan to raise up to Rs. 199.40 crore through 1,994 NCDs in total. The NCDs carry a committed return of 12% IRR, with a tenure of up to 54 months, and are secured by first charges on specific projects (Grand Omaxe, Rajguru & Bhagat Singh, and Project Resort-A&B in Chandigarh), along with personal guarantees from promoters and group companies.
The company is raising debt at a relatively high 12% IRR, which suggests funding pressure or project-level financing needs. Shareholders should note this increases the company's debt burden, and the high yield reflects higher risk perception since the NCDs are unrated. The promoter guarantees provide some comfort, but the dilution-free nature means no equity impact.