Unifinz Capital Issues NCDs Worth INR 20 Cr
Unifinz Capital India Limited's Finance Committee approved the issuance of up to 20,000 secured NCDs aggregating INR 20 Crore via private placement on May 21, 2026. The debentures, with a face value of INR 10,000 each, carry a 13% coupon rate payable monthly and mature on May 20, 2028. The issue includes a green shoe option and is secured by a first ranking charge on book debts.
*this image is generated using AI for illustrative purposes only.
The Finance Committee of the Board of Directors of Unifinz Capital India Limited, in its meeting held on Thursday, May 21, 2026, approved the issuance of up to 20,000 listed, rated, senior, secured, taxable, transferable, redeemable non-convertible debentures (NCDs) on a private placement basis. The issuance includes a green shoe option of up to 10,000 NCDs. The debentures carry a face value of INR 10,000 each, with an aggregate nominal value of INR 20,00,00,000 (Indian Rupees Twenty Crore). The issue price is INR 10,032.06 per debenture, determined with reference to accrued interest of INR 32.06 per debenture.
Issue Structure and Key Terms
The NCDs are proposed to be listed on the Wholesale Debt Market segment of BSE Limited under the existing ISIN INE926R07035. The table below summarises the key terms of the issue:
| Parameter: | Details |
|---|---|
| Type of Securities: | Listed, rated, senior, secured, taxable, transferable, redeemable non-convertible debentures |
| Mode of Issuance: | Private placement |
| Total Number of NCDs: | Up to 20,000 (twenty thousand) |
| Face Value per NCD: | INR 10,000 (Indian Rupees Ten Thousand) |
| Aggregate Issue Size: | INR 20,00,00,000 (Indian Rupees Twenty Crore) |
| Green Shoe Option: | Up to 10,000 NCDs aggregating INR 10,00,00,000 |
| Coupon Rate: | 13% (thirteen percent) per annum, payable monthly |
| Date of Allotment: | May 29, 2026 (Deemed Date of Allotment) |
| Date of Maturity: | May 20, 2028 (Final Redemption Date) |
| Tenure: | 23 months and 21 days from the Deemed Date of Allotment |
Security and Charge Details
The NCDs and outstanding amounts shall be secured on or prior to the Deemed Date of Allotment. Security will be created by way of a first ranking exclusive and continuing charge in favour of the Debenture Trustee over certain identified book debts/receivables of the company. The value of the hypothecated assets shall at all times be at least 1.20 (one decimal two zero) times the value of the outstanding amounts in respect of the debentures.
Interest, Principal, and Default Provisions
Interest on the debentures is payable on a monthly basis. The principal amounts are payable on the Final Redemption Date, i.e., May 20, 2028. The debentures shall be redeemed on a pari passu basis through payment of outstanding principal amounts on the Final Redemption Date. In the event of a payment default, additional interest at 4% (four percent) per annum over the applicable Interest Rate will be payable on the outstanding principal amounts from the date of occurrence of such payment default until the default is cured or the debentures are redeemed, whichever is earlier.
Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE926R01012/0d77cc75-5b80-413c-9be8-68fa4d6741f5.pdf
Historical Stock Returns for Unifinz Capital
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +15.48% | -10.26% | -15.48% | -24.22% | -26.63% | +32.78% |
How might Unifinz Capital's ability to maintain the 1.20x asset coverage ratio on hypothecated receivables be affected if its loan book quality deteriorates over the 23-month tenure?
Will Unifinz Capital exercise the green shoe option to raise an additional INR 10 crore, and what factors will drive that decision?
Given the 13% coupon rate, how does Unifinz Capital's cost of borrowing compare to peers in the NBFC space, and could rising interest rates pressure its net interest margins?
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