QGO Finance allots ₹2 crore NCDs at 12% coupon
QGO Finance Limited allotted 200 unsecured NCDs worth ₹2 crore on May 20, 2026, carrying a 12% annual coupon payable monthly. The instruments mature on May 19, 2035, and were issued via private placement.
*this image is generated using AI for illustrative purposes only.
qgo finance has allotted 200 Transferable Unsecured Non-Convertible Debentures (NCDs) on May 20, 2026. The allotment aggregates to ₹2 crore, with each debenture having a face value of ₹1,00,000. The decision was approved by the company's Board of Directors through a circulation resolution passed on the same date.
The issued instruments are unsecured, unlisted, and redeemable. They were offered to eligible investors on a private placement basis. The debentures carry a coupon rate of 12% per annum, with interest payments scheduled on a monthly basis.
Details of Allotted NCDs
The debentures have a fixed tenure of nine years from the date of allotment. The maturity date is set for May 19, 2035. The total size of the issue is ₹4 crore, while the current allotment constitutes ₹2 crore of that amount.
| Particulars | Details |
|---|---|
| Type of securities | Unsecured, Unlisted, Redeemable Non-Convertible Debentures (NCDs) |
| Type of issuance | Private Placement |
| Total number of securities allotted | 200 |
| Size of Allotment | ₹2,00,00,000/- |
| Tenure | 9 years (Maturity: May 19, 2035) |
| Coupon Rate | 12% per annum payable monthly |
| Listing status | Unlisted |
According to the disclosures provided, there are no special rights, privileges, or charges attached to these instruments. Additionally, the company reported no delays in payments or defaults regarding interest or principal amounts. The tranche details indicate that 200 securities are currently pending allotment, while no securities were previously allotted under this specific tranche.
Historical Stock Returns for QGO Finance
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.40% | -0.95% | -4.60% | -17.95% | -30.56% | +114.74% |
How will QGo Finance deploy the ₹4 crore raised through these NCDs, and which business segments are likely to benefit from this capital infusion?
Given the 12% coupon rate on these unlisted NCDs, how does QGo Finance's cost of borrowing compare to peers, and could rising interest rates pressure its margins over the 9-year tenure?
Will QGo Finance seek to list these debentures on an exchange in the future, and how might a listing impact liquidity for current NCD holders?
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