Shriram Finance Allots NCDs on Private Placement Basis
Shriram Finance allots NCDs worth ₹250 crore with a green shoe option of additional ₹250 crore on private placement basis with 9.15% coupon rate and maturity date of January 19, 2029.
The NCD issuance impacts the company's debt structure and resource availability, which is moderately significant.
The announcement is about the allotment of NCDs, which is a routine financial activity. Hence, the sentiment is neutral.
* Shriram Finance Limited's Allotment Committee - NCDs approved and allotted senior, secured, rated, listed, redeemable, taxable Non-Convertible Debentures (NCDs) on a private placement basis on November 24, 2025. * The NCDs are part of Series PPD XVIII 23-24 further issue 2. * The base issue size is ₹250 crore with an option to retain a green shoe of ₹250 crore (Total ₹500 crore). * The ISIN is INE721A07RY4 and 25,000 NCDs were allotted. * The coupon rate is fixed at 9.15% p.a., payable annually on January 19, 2026; January 19, 2027; January 19, 2028; and January 19, 2029 (maturity). * The face value per NCD is ₹1,00,000. * The reissue price is ₹1,04,425.74 plus accrued interest of ₹7,746.16, resulting in an issue price of ₹1,12,171.90 per debenture. * The NCDs are proposed to be listed on the WDM segment of BSE. * The tenor is 3 years, 1 month, and 26 days from the deemed date of allotment, with a maturity date of January 19, 2029. * Proceeds will be used for augmenting long-term resources, financing asset classes, onward lending, refinancing existing debt, meeting working capital requirements, and other general purposes.
What to do with a filing like this
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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See the model portfoliosA plain-language summary of a public exchange filing by Shriram Finance Limited. Read the original for the full detail.