QGO Finance allots 100 unsecured NCDs worth Rs 1 crore at 12 percent

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

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Nifty Microcap 250market · in no size index; the smallest one is used+0.6%+1.5% vs market

Non Banking Financial Company (NBFC) peers, median of 218sector+0.0%+2.2% vs sector

On the reaction day the stock moved 1.5 pts more than Nifty Microcap 250 and 2.2 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.

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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

QGO Finance allotted 100 unsecured, unlisted, redeemable Non-Convertible Debentures of Rs 1 lakh each, totalling Rs 1 crore, via private placement to eligible investors. This is Tranche XLV out of a total issue size of Rs 6 crores. The NCDs carry 12 percent per annum interest payable monthly, with a 9 year tenure maturing on 13 July 2035. The instruments are unsecured and will not be listed on stock exchanges.

Likely market impact

Raises Rs 1 crore via high yield 12 percent NCD private placement. Small debt raise with no equity dilution, neutral to mildly positive for shareholders.