Shalibhadra Finance Raises ₹19.5 Cr Debt Via 12% NCDs, Tenure 24 Months
Shalibhadra Finance Limited raised ₹19.50 crore via Non-Convertible Debentures (NCDs). The NCDs offer a 12% annual coupon, paid monthly, with a 24-month tenure and six-monthly principal repayment. This issuance aims to optimize the company's liability profile and support lending operations.
The amount raised is significant for a retail-focused NBFC and will support its lending operations and financial flexibility, indicating a medium-term impact on its business.
The company successfully raised debt, which is generally positive for business operations and growth. The commentary from the MD also reflects a positive outlook.
Shalibhadra Finance Limited (SFL) has successfully raised ₹19.50 crore through the issuance of Secured, Rated, Listed, Redeemable Non-Convertible Debentures (NCDs).
The NCDs carry a coupon rate of 12.00% per annum, payable monthly, and have a tenure of 24 months. The principal repayment is scheduled on a six-monthly basis. The issue has received a credit rating of [ICRA] BBB- (Stable) and the NCDs will be listed on the BSE (WDM segment).
Mr. Vatsal M. Doshi, Managing Director, stated that this fundraise is a key step in optimizing the company’s liability profile and enhancing financial flexibility. The proceeds will support lending operations, optimize the overall cost of funds, and drive disciplined growth. SFL is an NBFC focusing on rural and semi-urban areas in Gujarat, Maharashtra, and Madhya Pradesh, with over 60 branches and an asset under management of over ₹200 crore.
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Shalibhadra 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 Shalibhadra Finance Limited. Read the original for the full detail.