Finkurve Financial Services to Raise Up to ₹100 Crore via NCDs on Private Placement
Finkurve Financial Services approved raising up to ₹100 crore through Non-Convertible Debentures (NCDs) via private placement. The NCDs will have a 24-month tenure, a 11.33% coupon rate paid quarterly, and are secured. The allotment is scheduled for June 16, 2026.
Raising ₹100 crore is a significant amount for a financial services company and can impact its lending capacity and financial leverage.
The company is successfully raising capital through debt, which indicates financial stability and growth prospects.
Finkurve Financial Services Limited announced the approval of its Board of Directors to raise funds through the issuance of Non-Convertible Debentures (NCDs) amounting up to ₹100 crore (Indian Rupees One Hundred Crores only) on a private placement basis. The decision was made during the Board Meeting held on June 15, 2026.
The issuance will be conducted via an Electronic Bidding Platform under the Securities and Exchange Board of India (Issue and Listing of Non-Convertible Securities) Regulations, 2021. The Board also approved the Draft Letter of Offer for this private placement.
The NCDs are rated, listed, senior, secured, redeemable, and transferable. The total issue size is ₹100 crore, comprising a Base Issue of ₹50 crore and a Green Shoe option of ₹50 crore. Each NCD will have a face value and issue price of ₹10,000. The debentures will mature 24 months from the deemed date of allotment, with the allotment date set for June 16, 2026, and maturity on June 16, 2028. The coupon rate offered is 11.33%, with interest payable quarterly, commencing from September 16, 2026.
The meeting of the Board of Directors commenced at 11:30 a.m. and concluded at 11:55 a.m. on June 15, 2026.
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Finkurve Financial Services 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 Finkurve Financial Services Limited. Read the original for the full detail.