The Issue has 10 series of NCDs carrying fixed coupons and having a tenure of 24 months, 36 months, 60 months, and 120 months with annual, monthly and cumulative interest options. Effective annual interest yield on the NCDs ranges from 8.64% p.a. to 10.00% p.a.
The Issue is scheduled to open on Monday, September 21, 2026, and close on Monday, October 05, 2026.
The financial company said in a press release, “At least 75% of the funds raised through this Issue will be used for the purpose of repayment/prepayment of interest and principal of existing borrowings of the Company» and the balance is proposed to be utilized for general corporate purposes, subject to such utilization not exceeding 25% of the amount raised in the Issue, in compliance with the Securities and Exchange Board of India (Issue and Listing of Non-Convertible Securities) Regulations, 2021, as amended from time to time (“SEBI NCS Regulations”).”
The NCDs proposed to be issued under the Issue have been rated “Crisil At/Stable” (pronounced as “Crisil A plus rating” with Stable outlook).
Trust Investment Advisors Private Limited, Nuvama Wealth Management Limited* and Tipsons Consultancy Services Private Limited are the Lead Managers to the Issue. The NCDs will be listed on BSE Limited to provide liquidity to the investors.
