Shriram Finance Allots ₹100 Crore NCDs at 9.15% Coupon Rate
Shriram Finance Limited allotted ₹100 Crore worth of Non-Convertible Debentures (NCDs) on May 05, 2026. The NCDs have a coupon rate of 9.15% p.a. and mature on January 19, 2029. Proceeds will be used for long-term resources and general corporate purposes.
The fundraising activity through NCDs helps Shriram Finance Limited in augmenting its resources, which supports its lending operations and overall financial health.
The allotment of NCDs is a routine debt fundraising activity and does not present any significant positive or negative development for the company.
Shriram Finance Limited has approved and allotted senior, secured, rated, listed, redeemable, taxable Non-Convertible Debentures (NCDs) on private placement. The allotment committee of the company, in its meeting held on May 05, 2026, approved the issuance of NCDs Series PPD XVIII 23-24.
The issue size, based on face value, is ₹100 Crores with an option to retain a green shoe of ₹400 Crores. The NCDs carry a fixed coupon rate of 9.15% per annum, with interest payable annually on January 19, 2027, January 19, 2028, and on maturity on January 19, 2029. The face value per NCD is ₹1,00,000. The NCDs are issued at a premium of ₹3,268.19, resulting in an effective yield of 7.73% p.a. The tenor of the NCDs is two years, eight months, and fourteen days from the deemed date of allotment, with maturity on January 19, 2029. These NCDs will be listed on the WDM segment of BSE.
The proceeds from this issue will be utilized for augmenting the company's long-term resources, including onward lending, refinancing existing debt, meeting working capital requirements, and other general corporate purposes, in compliance with regulatory requirements.
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Shriram 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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