Board okays INR 50 cr NCD issue, considers ESOPs and equity fundraise

NCD yielding above 12%Fund Raising View source PDF Explain this filing

Price

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

-0.3%Reaction day

₹46.50

prior close

₹46.01

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.2%-0.1% vs market

Other Financial Services peers, median of 86sector-0.5%+0.2% vs sector

On the reaction day the stock moved 0.1 pts less than Nifty Microcap 250 and 0.2 pts more than its Other Financial Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+1.0

10m

+1.0

15m

+1.1

30m

-0.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.3-0.2-0.1-0.5+0.2

Next day

-0.3-0.1-0.2-0.4+0.1

-1.1-3.4+2.3-1.2+0.2

-1.2-3.5+2.2-1.7+0.5

-1.5-2.7+1.1-1.5-0.0

-2.2-1.1-1.1-1.5-0.7

+0.6-0.8+1.5-2.4+3.0

15d

+10.2-2.9+13.1-3.9+14.1

+14.0-3.5+17.4-5.3+19.3

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UpDownMarket · Nifty Microcap 250Sector · Other Financial Services peers, median of 86Pending

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

AI summary

Board approved 50,000 secured NCDs worth INR 50 crores (30 cr base plus 20 cr greenshoe) via private placement at 12 percent annual interest, 15-month tenure, to list on BSE, backed 1.25x by MSME loan receivables. Also considered ESOP proposal and plans to raise funds via equity shares, warrants, and CCDs.

Likely market impact

INR 50 cr debt raise adds interest cost; pending equity and ESOP proposals may dilute shareholders if approved.