Aye Finance Approves ₹220 Crore NCD Issue with Green Shoe Option
Aye Finance Limited's WALCO committee approved the issuance of up to ₹220 crore in NCDs, including a ₹20 crore green shoe option. The NCDs carry a 9.75% annual interest, payable monthly, with a 24-month tenure. Allotment is proposed for July 29, 2026, and maturity on July 28, 2028. The issuance is on a private placement basis.
The issuance of NCDs is a significant fundraising activity that can impact the company's capital structure and financial leverage. The amount raised is substantial for the company.
The company successfully approved a significant debt fundraising instrument, which is generally viewed positively as it can provide capital for growth and operations.
Aye Finance Limited has announced the outcome of its Working Committee of Asset and Liabilities Committee of Board of Directors (WALCO) meeting held on July 23, 2026. The committee approved the offer and issuance of up to 22,000 rated, senior, listed, secured, transferable, redeemable, non-convertible debentures (NCDs) denominated in Indian Rupees. These NCDs have a face value of ₹1,00,000 each, aggregating to a nominal value of ₹220 crore. This includes a green shoe option of up to 2,000 NCDs with a nominal value of ₹20 crore. The issuance will be on a private placement basis.
The NCDs will have a tenure of 24 months from the deemed date of allotment, with a proposed allotment date of July 29, 2026. The maturity date is scheduled for July 28, 2028. The coupon or interest rate offered is 9.75% per annum, payable monthly, with the principal amount payable on the final redemption date. The NCDs will be secured by a first-ranking charge on certain identified book debts/loan receivables of the company, with the value of these assets to be at least 1.05 times the outstanding amounts. The meeting commenced at 5:30 PM IST and concluded at 5:45 PM IST.
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Aye Finance Limited filed this with the NSE as a statutory disclosure, categorised under debt fundraising. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Aye Finance Limited. Read the original for the full detail.