QGO Finance allots 100 unsecured NCDs worth Rs 1 Cr at 12% annual yield

Ncd High Yield 12pctFund Raising View source PDF Explain this filing

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

-3.2%Reaction day

₹43.48

prior close

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used-0.7%-2.5% vs market

Non Banking Financial Company (NBFC) peers, median of 208sector-0.5%-2.7% vs sector

On the reaction day the stock moved 2.5 pts less than Nifty Microcap 250 and 2.7 pts less 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.

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Reaction day

-3.2-0.7-2.5-0.5-2.7

Next day

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-3.5+0.5-4.1-0.7-2.8

+1.1+0.7+0.5-0.7+1.9

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15d

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UpDownMarket · Nifty Microcap 250Sector · Non Banking Financial Company (NBFC) peers, median of 208Pending

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

AI summary

QGO Finance's board approved allotment of 100 unsecured, unlisted, redeemable NCDs of Rs 1 lakh each, totalling Rs 1 crore (out of a Rs 2 crore issue, Tranche XLIV). The NCDs carry 12% annual interest paid monthly, have a 9 year tenure maturing on 5 July 2035, and were placed privately with eligible investors. The NCDs will not be listed on any stock exchange.

Likely market impact

Small private NCD raise; no equity dilution but adds Rs 1 Cr of unsecured debt at a high 12% cost for shareholders.