Aavas Financiers approves ₹200 crore NCD issue on private placement
Aavas Financiers approved the issuance of Non-Convertible Debentures (NCDs) worth ₹200 crore on a private placement basis. The Executive Committee sanctioned up to 20,000 secured, rated, and listed debentures with a face value of ₹1,00,000 each. The instruments have a tenor of 3 years and will be listed on the Wholesale Debt Market segment of BSE Limited.
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Aavas Financiers has approved the issuance of Non-Convertible Debentures (NCDs) amounting to ₹200 crore through a private placement basis to raise capital. The Executive Committee of the Board of Directors sanctioned the issuance of up to 20,000 Senior, Secured, Rated, Listed, Transferable, Redeemable NCDs. Each debenture carries a face value of ₹1,00,000, aggregating to a nominal value of ₹2,00,00,00,000.
The approval was granted during a meeting held on July 21, 2026, exercising authority delegated by the Board on April 24, 2025, and within limits approved by shareholders via a Special Resolution on September 16, 2025. The issuance complies with the Companies Act, 2013, SEBI (LODR) Regulations, and SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021.
The NCDs will be listed on the Wholesale Debt Market (WDM) segment of BSE Limited. The tenor of the instrument is set at 3 years, maturing 36 months from the deemed date of allotment. Specific details regarding the coupon rate and the exact date of allotment will be outlined in the Key Information Document (KID).
Interest payments are scheduled to be made annually from the deemed date of allotment, while principal repayment will occur at maturity. The security structure includes a first-ranking exclusive charge covering at least 100% of the principal amount and accrued interest. This charge is created via hypothecation over identified receivables, loans, book debts, and unencumbered fixed deposits as specified in the transaction documents.
Key Details of the NCD Issue
| Feature | Details |
|---|---|
| Type of Securities | Senior, Secured, Rated, Listed, Transferable, Redeemable Non-Convertible Debentures |
| Issue Size | Up to 20,000 debentures of ₹1,00,000 each (Aggregate ₹200 crore) |
| Listing | Wholesale Debt Market (WDM) segment of BSE Limited |
| Tenor | 3 Years |
| Interest Payment Schedule | Annually from the Deemed Date of Allotment |
| Principal Repayment | 36 months from the Deemed Date of Allotment |
| Security | First ranking exclusive charge on receivables, loans, book debts, and unencumbered fixed deposits |
Historical Stock Returns for Aavas Financiers
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.50% | -8.12% | -5.04% | -6.79% | -27.46% | -48.61% |
What coupon rate will Aavas Financiers target given the current interest rate environment and the 3-year tenor?
How will the proceeds from this ₹200 crore issuance be deployed to support the company's growth strategy?
What credit rating is this NCD issue expected to receive, and how might that impact investor demand?
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