Puravankara Limited Completes ₹150 Crore NCD Allotment in Third Tranche
Puravankara Limited completed the allotment of 1,500 non-convertible debentures worth ₹150 crores on February 13, 2026, as the third tranche of its ₹300 crore private placement program. The NCDs have a face value of ₹10 lakhs each and carry a 60-month tenure from the first allotment date. These unlisted, secured debentures were issued to identified investors in compliance with SEBI regulations.
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Puravankara Limited has successfully completed the allotment of its third tranche of non-convertible debentures (NCDs), raising ₹150 crores through private placement on February 13, 2026. This development represents a significant milestone in the company's ongoing fund-raising initiative, which was initially approved by the board in May 2025.
NCD Allotment Details
The Management Sub-Committee of the Board approved the allotment through a Circular Resolution dated February 13, 2026. The company has issued 1,500 NCDs to identified investors under this third tranche.
| Parameter | Details |
|---|---|
| Number of NCDs | 1,500 (Thousand Five Hundred) |
| Face Value per NCD | ₹10,00,000 (Ten Lakhs) |
| Total Amount Raised | ₹150,00,000 (One Hundred and Fifty Crores) |
| Allotment Date | February 13, 2026 |
| Listing Status | Unlisted |
Fund Raising Program Overview
This allotment forms part of Puravankara's broader fund-raising strategy approved on May 16, 2025. The overall program allows the company to raise funds through NCD issuance on a private placement basis.
| Program Details | Specifications |
|---|---|
| Total Program Size | ₹300,00,000 (Three Hundred Crores) |
| Total NCDs under Program | 3,000 (Three Thousand) |
| Face Value per NCD | ₹10,00,000 (Ten Lakhs) |
| Security Type | Secured, Redeemable NCDs |
| Rating Status | Unrated |
Instrument Characteristics
The NCDs carry specific features designed for private placement investors. These debentures are structured as senior, secured instruments with a defined maturity period.
Key Features:
- Tenure: 60 months from the deemed date of first allotment (June 20, 2025)
- Security: Secured against company assets
- Redemption: Redeemable at maturity
- Convertibility: Non-convertible
- Listing: Will not be listed on any stock exchange
Regulatory Compliance
The allotment has been conducted in full compliance with regulatory requirements. Puravankara has made the necessary disclosures under Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.
The company has informed both BSE Limited (Stock Code: 532891) and National Stock Exchange of India Limited (Stock Code: PURVA) about this development, ensuring transparency and adherence to listing obligations. Company Secretary and Compliance Officer Sudip Chatterjee has signed the regulatory filings, confirming the completion of all procedural requirements.
Historical Stock Returns for Puravankara
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.56% | +7.61% | +10.77% | -1.70% | +5.03% | +208.53% |
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