Unifinz Capital approves ₹50 crore NCD issue at 11% coupon
- Unifinz Capital India Ltd approved a ₹50 crore NCD issue via private placement
- The debentures carry an 11% fixed coupon rate payable monthly
- Tenure is 15 months, maturing on December 16, 2027
- Includes a green shoe option for an additional ₹30 crore
- Secured by a first-ranking charge on book debts and receivables
*this image is generated using AI for illustrative purposes only.
Unifinz Capital India Limited has approved the issuance of senior secured non-convertible debentures worth up to ₹50 crore. The board committee sanctioned the move on September 8, 2026.
The Asset Liability Management Committee authorized the private placement of up to 50,000 debentures, each with a face value of ₹10,000. The structure includes a green shoe option allowing for an additional ₹30 crore in issuances if oversubscribed.
Issue Structure
The securities carry a fixed interest rate of 11% per annum, payable monthly. The tenor is set at 15 months from the deemed date of allotment on September 16, 2026, maturing on December 16, 2027.
| Parameter | Detail |
|---|---|
| Base Issue Size | ₹50 crore |
| Oversubscription Option | ₹30 crore |
| Coupon Rate | 11% fixed per annum |
| Tenure | 15 months |
| Maturity Date | December 16, 2027 |
Security and Listing
The debentures are secured by a first-ranking charge over identified book debts and receivables. The value of these hypothecated assets must remain at least 1.10 times the outstanding debt value throughout the tenure. The instruments will be listed on the Wholesale Debt Market segment of BSE Limited.
In the event of a payment default exceeding three months, additional interest at 4% above the base rate will apply until the default is cured or the debt is fully redeemed.
Historical Stock Returns for Unifinz Capital
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | -1.20% | -9.65% | +12.58% | -7.29% | 0.0% |
How does the 11% fixed coupon rate compare to current market benchmarks for similar secured debt instruments in India?
What specific strategic initiatives or operational expansions is Unifinz Capital planning to fund with this ₹50 crore capital raise?
Given the 1.10x coverage ratio requirement for hypothecated assets, how might fluctuations in receivables quality impact the company's compliance risk?
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