Share India Securities Limited announced on October 26, 2026, the approval of its Finance Committee to issue Non-Convertible Debentures (NCDs) on a private placement basis. The total amount to be raised is up to INR 1,250 crore (Indian Rupees One Hundred Twenty-Five Crores Only). These NCDs will be listed, rated, secured, taxable, and transferable, with a face value of INR 10,000/- each. The issuance includes a Green Shoe Option of up to 50,000 NCDs, aggregating up to INR 500 crore.
Share India Securities Approves Major Funding Round
Share India Securities Limited has received the green light from its Finance Committee to raise substantial capital through the issuance of Non-Convertible Debentures (NCDs). The decision, made during a meeting on October 26, 2026, authorizes the company to issue NCDs on a private placement basis, signalling a significant move to bolster its financial resources. This follows a prior disclosure on July 24, 2026, regarding the company’s intention to raise funds via debt securities.
Details of the NCD Issuance
The approved issuance involves up to 1,25,000 NCDs, each with a face value of INR 10,000/-, bringing the total aggregate value to INR 1,250 crore (Indian Rupees One Hundred Twenty-Five Crores Only). These instruments are characterized as Listed, Rated, Secured, Taxable, and Transferable. Furthermore, the issuance includes a provision for a Green Shoe Option, allowing for an additional subscription of up to 50,000 NCDs, potentially raising an extra INR 500 crore (Indian Rupees Fifty Crores Only).
Listing and Financial Terms
The NCDs are slated for listing on the wholesale debt market (WDM) segment of the BSE Limited. The coupon interest offered is set at 10.30% per annum, with payments scheduled monthly. The principal amount is to be repaid via a lump sum at maturity, which is up to 21 months and 5 days from the Deemed Date of Allotment. In the event of a delay in interest or principal payment for more than three months, an additional coupon rate of 2% p.a. will be applicable.
Security and Collateral
To secure this issuance, the company will create a pari-passu charge through hypothecation over its entire current assets and receivables, both present and future. This security will have a minimum cover of 1.15 times the total outstanding amounts under the issue. Additionally, personal guarantees from certain members of the Promoter and Promoter Group, along with designated Directors, may be provided as agreed upon with the investors.
Source: BSE
