Finkurve Financial Services Limited has taken a significant step in its capital-raising strategy by approving the issuance of Non-Convertible Debentures (NCDs) worth Rs. 17.7 crore through private placement. The decision was finalized in the Board Meeting held on February 7, 2025, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The NCDs will be secured, rated, listed, taxable, and redeemable with a tenure of 36 months from the deemed date of first allotment. Investors can expect a 12.00% per annum coupon rate, with interest payments scheduled quarterly on March 7, June 7, September 7, and December 7 each year.

Key Details of the NCD Issuance

• Total Issue Size: Rs. 17.7 crore (1770 NCDs of Rs. 1,00,000 each)

• Issue Price: Rs. 1,01,676.71 (including Rs. 1676.71 accrued interest)

• Listing: Proposed listing on BSE Limited

• Tenure: 36 months (Maturity Date: December 18, 2027)

• Security: The NCDs will be secured against the company’s receivables, covering 1.10x of the gold loan AUM, ensuring investor protection.

Repayment and Interest Terms

Finkurve Financial Services has ensured structured repayment for investors. Interest payments will be made every quarter, providing consistent returns. The principal amount will be repaid on maturity in December 2027.

Default Provisions and Additional Interest Charges

In case of a default in payment, the company will provide an additional 1% interest per annum on the defaulted amounts until the issue is resolved. Similarly, for any breach of covenants, an additional 1% per annum interest will be levied on outstanding amounts.

Investment Potential in Finkurve Financial Services NCDs

This issuance offers investors a high-yield fixed-income opportunity with a secured structure, making it a lucrative option for those looking for steady returns. With a 12% annual yield, these NCDs are competitive in the current market scenario, attracting institutional and high-net-worth investors.

Listing on BSE for Enhanced Liquidity

The listing on BSE will allow better liquidity and transparency for investors, ensuring that they can trade these NCDs in the secondary market if required.

Finkurve Financial Services: A Growing Financial Entity

Finkurve Financial Services Limited is a well-established NBFC (Non-Banking Financial Company) in India, primarily engaged in lending and financial services. The company's focus on gold-backed loans has strengthened its asset base and secured steady revenue growth. The NCD issuance aligns with its expansion plans, allowing it to raise capital efficiently while providing investors with stable returns.

Investor Sentiment and Market Impact

With the rising demand for fixed-income instruments, the Indian corporate debt market is witnessing increasing participation from institutional investors, mutual funds, and individual investors. This NCD issuance by Finkurve Financial Services adds to the growing trend of secured bond offerings, ensuring stable returns and minimized risk for investors.

The Upcoming IPOs in this week and coming weeks are PS Raj Steels, Chandan Healthcare, Ajax Engineering, Voler Car, Maxvolt Energy, Hexaware Technologies.

The Current active IPO are Eleganz Interiors, Readymix Construction, Solarium Green, Ken Enterprises, Amwill Healthcare.

Start your Stock Market Journey and Apply in IPO by Opening Free Demat Account in Choice Broking FinX.

Join our Trading with CA Abhay Telegram Channel for regular Stock Market Trading and Investment Calls by CA Abhay Varn - SEBI Registered Research Analyst.

Join our Finance Saathi Telegram Channel for Regular Share Market, News & IPO Updates.