Unifinz Capital approves ₹50 crore private placement of 11% NCDs
- Unifinz Capital approved ₹50 crore in secured NCDs via private placement
- Instruments carry 11% fixed coupon payable monthly over 15 months
- Debentures rated IND BBB-/Stable by Crisil and listed on BSE WDM
- Secured by first-ranking charge on book debts with 1.10x coverage
*this image is generated using AI for illustrative purposes only.
Unifinz Capital India Limited approved the allotment of ₹50 crore worth of non-convertible debentures (NCDs) on September 16, 2026. The Asset Liability Management Committee authorized the private placement to raise capital through listed, senior, and secured instruments.
The issuance involves 50,000 debentures with a face value of ₹10,000 each. These securities are rated "IND BBB-/Stable" by Crisil Ratings Limited and will be listed on the Wholesale Debt Market segment of BSE Limited.
Deal Structure
The NCDs carry a fixed coupon rate of 11% per annum, payable monthly. The tenure is set at 15 months, with a deemed allotment date of September 16, 2026, and a final redemption date of December 16, 2027.
| Particulars | Details |
|---|---|
| Issue Size | ₹50 crore |
| Coupon Rate | 11% per annum (fixed) |
| Tenure | 15 months |
| Maturity Date | December 16, 2027 |
| Credit Rating | IND BBB-/Stable (Crisil) |
Security and Default Terms
The debentures are secured by a first-ranking exclusive charge over identified book debts and receivables of the company. The value of these hypothecated assets must remain at least 1.10 times the outstanding amount of the debentures throughout the tenure.
In the event of a payment default exceeding three months, additional interest at 4% per annum over the base interest rate will be payable on the outstanding principal until the default is cured or the debentures are redeemed.
What the Numbers Show
The security coverage ratio of 1.10x indicates a relatively tight collateral buffer for the ₹50 crore issuance. This suggests the company is leveraging specific high-quality receivables to secure funding at an 11% cost, balancing liquidity needs against asset encumbrance.
Historical Stock Returns for Unifinz Capital
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.08% | -2.04% | +0.10% | +9.61% | -14.49% | 0.0% |
How might the 11% coupon rate influence Unifinz Capital's future cost of capital and profitability margins in a changing interest rate environment?
What specific operational strategies will Unifinz employ to maintain the required 1.10x collateral coverage ratio given the tight buffer against receivables?
Could this private placement signal a shift in Unifinz's funding strategy away from equity or other debt instruments, and what are the long-term implications for its capital structure?
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