Announced Thu, 30 Apr · 24:47 IST
Vikran Engineering allots ₹50 Cr NCDs at 11% coupon via private placement
Fund Raising View source PDF
VIKRAN · price
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Price reaction · full curve 14 horizons · vs prior close
+1.0%1-day move
₹73.60
prior close
₹73.33
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-1.3-1.4-1.6-0.9+1.0+1.0+1.2+4.8+3.8-4.7-12.0-3.5+3.4—
Up moveDown movePending
AI summary
Vikran Engineering has allotted Secured, Rated, Unlisted, Redeemable Non-Convertible Debentures worth ₹50 Crores on a private placement basis, split into Tranche I (₹20 Cr) and Tranche II (₹30 Cr). The NCDs carry a fixed 11% annual coupon with monthly interest payments, a 2-year tenure maturing in April 2028, face value of ₹50 Lakhs each, and are secured but not proposed to be listed. Allotment was completed on 29th April 2026.
Likely market impact
Raises ₹50 Cr of secured debt funding for the company; adds to interest obligations but avoids equity dilution. No immediate stock price trigger.