Lloyds Metals has successfully allotted ₹600 Crore in Senior, Secured, Listed, Rated, Redeemable, Transferable, Non-Convertible Debentures (NCDs) through a private placement. This includes a greenshoe option of up to ₹300 Crore. The allotment, approved on January 30, 2026, aims to bolster the company’s financial position. The details of the NCDs, including coupon rate and redemption schedule, are available on the company’s website.
Debenture Allotment Details
Lloyds Metals has announced the allotment of 60,000 Senior, Secured, Listed, Rated, Redeemable, Transferable, Non-Convertible Debentures (NCDs), each with a face value of ₹1,00,000. The total issue size is ₹300,00,00,000 (₹300 Crore), with a greenshoe option of up to an additional ₹300,00,00,000 (₹300 Crore).
Key Dates and Terms
The allotment was approved via a circular resolution dated January 30, 2026. The NCDs have an original tenor of 5 years from the date of allotment, maturing on January 30, 2031. The coupon rate is set at 9.2% per annum.
Redemption and Interest Schedule
The redemption amount is at face value (₹1,00,000 per NCD). Interest payments are scheduled quarterly, followed by principal and interest payments according to the schedule below:
Payment Schedule
Thursday, 30 April, 2026: Interest.
Thursday, 30 July, 2026: Interest.
Friday, 30 October, 2026: Interest.
Saturday, 30 January, 2027: Interest.
Friday, 30 April, 2027: Interest.
Friday, 30 July, 2027: Interest.
Saturday, 30 October, 2027: Interest.
Sunday, 30 January, 2028: Interest.
Sunday, 30 April, 2028: Principal + Interest.
Sunday, 30 July, 2028: Principal + Interest.
Monday, 30 October, 2028: Principal + Interest.
Tuesday, 30 January, 2029: Principal + Interest.
Monday, 30 April, 2029: Principal + Interest.
Monday, 30 July, 2029: Principal + Interest.
Tuesday, 30 October, 2029: Principal + Interest.
Wednesday, 30 January, 2030: Principal + Interest.
Tuesday, 30 April, 2030: Principal + Interest.
Tuesday, 30 July, 2030: Principal + Interest.
Wednesday, 30 October, 2030: Principal + Interest.
Thursday, 30 January, 2031: Principal + Interest.
Security and Credit Rating
The NCDs are secured by a first-ranking pari passu charge on the company’s movable fixed assets. The company ensures a Security Cover Ratio of not less than 1.1:1 until the Final Settlement Date. The NCDs are rated “Crisil AA/Stable” by Crisil Ratings Limited and “IND AA/Stable” by India Ratings and Research Private Limited.
Source: BSE
