Poonawalla Fincorp to mull funds raising July 25

Poonawalla Fincorp to mull funds raising July 25

Mumbai, July 2, 2025: Poonawalla Fincorp Limited (NSE: POONAWALLA, BSE: 524000), a leading non-banking financial company (NBFC) in India, has announced its intention to raise funds through a non-convertible debentures (NCDs) issuance on July 25, 2025. The company aims to diversify its funding sources and strengthen its financial position.

The upcoming issuance follows Poonawalla Fincorp's recent success in raising ₹1,005 crore through the allotment of NCDs via private placement on July 15, 2025 [1]. The previous issue consisted of 1,00,500 secured, redeemable, rated, and listed NCDs, each carrying a face value of ₹1 lakh. The debentures have a tenure of 2 years and 71 days, with a maturity date of September 24, 2027, and a coupon rate of 7.5285% per annum. They are secured by a first-ranking pari passu charge on hypothecated properties and are listed on the BSE’s Debt Market Segment [1].

The upcoming issuance is expected to include a base issue size of ₹750 crore along with a green shoe option to retain oversubscription of ₹255 crore, bringing the total issue size to ₹1,005 crore [2]. The company has not yet disclosed the specific terms of the upcoming issuance, but it is expected to follow a similar structure to the previous NCD issue.

The issuance of NCDs by Poonawalla Fincorp is part of its ongoing strategy to attract investors seeking stable returns. The secured nature of the NCDs and the fixed coupon rate may appeal to investors looking for a low-risk investment option. Additionally, the listing of the NCDs on the BSE’s Debt Market Segment provides investors with liquidity, allowing them to buy and sell the debentures on the secondary market.

Poonawalla Fincorp's recent issuance of NCDs has been well-received by the market, with the company successfully raising funds through private placement. The upcoming issuance is expected to build on this success and further strengthen the company's financial position.

References:

[1] https://hdfcsky.com/news/poonawalla-fincorp-raises-rs-1005-crore-through-ncds
[2] https://www.tradingview.com/news/moneycontrol:8b940fc3d094b:0-poonawalla-fincorp-allots-1-005-crore-ncds-via-private-placement/