The Allotment Committee of Shriram Finance has approved the issuance of senior, secured, rated, listed, redeemable, taxable Non-Convertible Debentures (NCDs) via private placement. The decision was made during a meeting held on December 1, 2025. The base issue size is ₹100 Crores, with an option to retain an additional ₹400 Crores.
NCD Issuance Details
Shriram Finance’s Allotment Committee approved the issuance of Non-Convertible Debentures (NCDs) on December 1, 2025, for raising funds. These NCDs are senior, secured, rated, listed, redeemable, and taxable, offered via private placement.
Key Highlights of the NCDs
The specifics of the NCD issuance are as follows:
- Issuer: Shriram Finance Limited
- Series Name: Series SFL PPD 2025-26 Zero coupon
- Base Issue Size: ₹100 Crores, with an option to retain green shoe of ₹400 Crores.
- ISIN: INE721A07SQ8
- Allotment Size: 12,500 NCDs
- Type of Interest: Zero Coupon Bond
- Coupon Rate: Zero percent
- Date of Allotment: December 01, 2025
- Face Value per NCD: ₹1,00,000
- Issue Price per NCD: ₹1,00,000 per Debenture
- Issue Size: ₹125 Crores (As per Face Value)
- Premium: ₹28,078.00, Yield – 7.50%
- Listing: WDM segment of BSE
- Tenor: 3 years 5 months and 2 days from the Deemed Date of Allotment
- Date of Maturity: May 03, 2029
- Security: Secured
Utilization of Proceeds
The funds raised from this NCD issuance will be used to augment the company’s long-term resources and for general corporate purposes, including financing asset classes, onward lending, refinancing existing debt, and meeting working capital requirements.
Source: BSE