Satin Creditcare to issue NCDs worth up to Rs 250 crore on private placement

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

SATIN · price

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

-1.7%Reaction day

₹152.00

prior close

₹151.69

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-2.7%+1.0% vs market

Finance peers, median of 396sector · industry level-2.1%+0.4% vs sector

On the reaction day the stock moved 1.0 pts more than Nifty Microcap 250 and 0.4 pts more than its Finance 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

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Sessions after the filingfrom the prior close

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Reaction day

-1.7-2.7+1.0-2.1+0.4

Next day

-1.2-3.5+2.2-3.2+1.9

-1.3-2.0+0.6-1.8+0.5

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15d

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+1.5+1.3+0.1-3.0+4.4

-4.2-6.9+2.6-10.7+6.5

+10.9+4.6+6.3-2.9+13.8

UpDownMarket · Nifty Microcap 250Sector · Finance peers, median of 396Pending

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

AI summary

Satin Creditcare Network's Working Committee approved issuance of NCDs via private placement. Plan includes subordinated unsecured NCDs of Rs 50 crore (with additional Rs 25 crore green shoe) at 12% for 66 months, and senior secured NCDs of Rs 125 crore (with Rs 50 crore green shoe) at 10.50% for 24 months. Total issue size up to Rs 250 crore. Both to be listed on BSE.

Likely market impact

Raises up to Rs 250 crore via debt; subordinated NCDs carry 12% yield while secured carry 10.50%.