Poonawalla Fincorp allots ₹150 crore Tier II NCDs at 8.43% coupon
- Poonawalla Fincorp allotted ₹150 crore in unsecured Tier II NCDs on August 21, 2026
- The issue carries a coupon rate of 8.4308% p.a. and matures on April 24, 2036
- Aggregate proceeds were ₹153.54 crore, including accrued interest of ₹4.12 crore
- The base issue of ₹150 crore was fully subscribed; the ₹50 crore green shoe was not exercised
*this image is generated using AI for illustrative purposes only.
Poonawalla Fincorp Limited has allotted ₹150 crore in unsecured, subordinated Tier II non-convertible debentures (NCDs). The Finance Committee approved the allotment on August 21, 2026, following the initial authorization by the Board of Directors on August 18, 2026.
The company issued 15,000 debentures under the PFL NCD Series ‘SDA1’ FY2026-27 Re-issuance-II. While the base issue size was ₹150 crore with a green shoe option of ₹50 crore, the final allotment covered only the base amount. The aggregate amount received was ₹153.54 crore, which includes accrued interest of ₹4.12 crore and a discount of ₹57.98 lakh.
Issue Structure
The securities carry a face value of ₹1,00,000 per unit. They are listed on the Debt Market Segment of BSE Limited. The tenor for this re-issuance is 3,534 days, maturing on April 24, 2036. This is shorter than the original issuance tenure of 3,653 days (10 years).
| Particulars | Details |
|---|---|
| Total Allotted Amount | ₹150 crore |
| Units Allotted | 15,000 |
| Face Value | ₹1,00,000 per unit |
| Coupon Rate | 8.4308% p.a. |
| Tenure | 3,534 days |
| Maturity Date | April 24, 2036 |
| Listing Venue | BSE Limited |
Terms and Conditions
The debentures are unsecured and subordinated. Interest payments and principal redemption schedules are detailed in the Key Information Document dated August 20, 2026.
In the event of a delay in payment of interest or principal for more than three months from the due date, the company is obligated to pay a penalty coupon. This penalty amounts to 2% over and above the applicable coupon rate for the period until the default is cured to the satisfaction of the Debenture Trustee.
Historical Stock Returns for Poonawalla Fincorp
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.18% | -2.23% | -6.38% | +8.64% | +4.29% | +149.39% |
How will the ₹150 crore inflow impact Poonawalla Fincorp's debt-to-equity ratio and overall capital adequacy for FY2027?
What strategic initiatives or asset acquisitions is Poonawalla Fincorp likely to fund with these proceeds given the shortened tenor compared to the original issuance?
Does the decision to forego the ₹50 crore green shoe option indicate subdued investor appetite for NBFC debt in the current market cycle?
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