OnMobile Global Allots ₹65 Crore in Unlisted Non-Convertible Debentures
OnMobile Global Limited has approved the allotment of Non-Convertible Debentures (NCDs) totaling ₹65 crore. This includes ₹40 crore in Series A NCDs and ₹25 crore in other NCDs. Both tranches have a tenure of 36 months and mature on July 5, 2029. Interest rates range from 13.60% to 13.88% per annum.
The fundraising of ₹65 crore through NCDs can support the company's operations and strategic initiatives. The terms of the debt, including interest rates and security, are material to the company's financial health.
The announcement pertains to the allotment of non-convertible debentures, which is a form of debt financing. While it provides necessary funding, it does not represent a core operational or growth improvement, thus maintaining a neutral sentiment.
OnMobile Global Limited has announced the allotment of Non-Convertible Debentures (NCDs) aggregating up to ₹65 crore. The company, through a resolution passed by circulation on July 6, 2026, at 8:33 PM IST, approved the issuance of these NCDs.
The allotment includes 800 Series A, secured, redeemable, unrated, and unlisted non-convertible debentures, totaling up to ₹40 crore. These debentures have a nominal value of ₹5,00,000 each and a tenure of 36 months from the allotment date, with a maturity date of July 5, 2029. The interest rate is 13.60% per annum, payable monthly, with an upfront payment of 1% of the investment amount prior to allotment.
Additionally, 2500 secured, redeemable, unrated, and unlisted non-convertible debentures have been allotted, aggregating up to ₹25 crore. These NCDs have a nominal value of ₹1,00,000 each and a tenure of 36 months, maturing on July 5, 2029. They carry an upfront interest payment of 1.25% of the tranche drawdown amount and a periodic additional coupon of ₹34,00,000 payable at the end of the 12th, 24th, and 36th months, along with a running coupon of 13.88% payable monthly.
These NCDs are unlisted and are being issued through private placement. The Series A Debentures are secured by a first-ranking pari passu charge on the company's current and fixed assets, intellectual property, and future cash flow. The other NCDs are secured by a second-ranking floating charge over the company's assets and a first-ranking pledge over 100% of the shares of OnMobile Singapore PTE. LTD.
What to do with a filing like this
OnMobile Global 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 OnMobile Global Limited. Read the original for the full detail.