QGO Finance allots 400 NCDs worth Rs 2 crore at 12 percent interest

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

-1.3%Reaction day

₹42.50

prior close

₹41.34

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.4%-2.7% vs market

Non Banking Financial Company (NBFC) peers, median of 216sector+0.4%-1.7% vs sector

On the reaction day the stock moved 2.7 pts less than Nifty Microcap 250 and 1.7 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

-1.3+1.4-2.7+0.4-1.7

Next day

+3.5+1.5+2.0+0.2+3.3

+1.2+0.5+0.7-0.2+1.4

+3.4+1.1+2.3-0.2+3.6

+2.2+0.7+1.5+0.0+2.2

+0.2-0.4+0.6+0.3-0.1

+4.0+0.5+3.5+0.2+3.9

15d

-2.1+0.1-2.2-0.8-1.4

+0.9+3.5-2.6+0.0+0.9

-6.3+5.8-12.1+0.0-6.3

-4.3+2.4-6.7-3.9-0.4

UpDownMarket · Nifty Microcap 250Sector · Non Banking Financial Company (NBFC) peers, median of 216Pending

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

AI summary

QGO Finance has allotted 400 secured, unlisted, redeemable NCDs (Tranche 5) of Rs 50,000 each, aggregating Rs 2 crore, on a private placement basis. The NCDs carry 12 percent per annum interest, payable monthly, with an 84-month tenure maturing on July 9, 2033. They are secured by a first ranking pari-passu charge over company receivables at 100 percent of the outstanding amount.

Likely market impact

Raises Rs 2 crore via high-yield debt at 12 percent annually, secured by receivables. No equity dilution but adds interest burden for a small NBFC.