Announced Fri, 10 Jul · 14:22 IST
QGO Finance allots 400 NCDs worth Rs 2 crore at 12 percent interest
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+3.5%1-day move
₹42.50
prior close
₹41.34
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+3.5+1.2+3.4+2.2+0.2+4.0————
Up moveDown movePending
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.