Allotment of 6,000 secured NCDs on private placement raising INR 60,00,00,000
Moneyboxx has allotted 6,000 Senior, Secured, Listed, Rated, Redeemable NCDs of INR 1,00,000 each on private placement — issue size INR 60,00,00,000.
By ScoutQuest · · 1 min read
- Issue Size
- INR 60,00,00,000
- Number of NCDs
- 6,000 Senior, Secured, Listed, Rated, Redeemable NCDs
- Face Value per NCD
- INR 1,00,000
- Coupon Rate
- 10.75% p.a., paid monthly
- Tenor and Maturity
- 24 months from allotment 25 Sep 2026, maturing 25 Sep 2028
What was announced
The Working Committee of the Board of Moneyboxx Finance approved the allotment of 6,000 Senior, Secured, Listed, Rated, Transferable, Redeemable Non-Convertible Debentures on a private placement basis, each of face value INR 1,00,000.
Size and investors
- Total issue size: INR 60,00,00,000
- Choice Finserv Private Limited: 3,000 debentures, INR 30,00,00,000
- Vakrangee Limited: 1,500 debentures, INR 15,00,00,000
- Vivriti Capital Limited: 1,500 debentures, INR 15,00,00,000
Terms
- Tenor: 24 months from the deemed date of allotment
- Date of allotment: September 25, 2026; date of maturity: September 25, 2028
- Interest: 10.75% p.a., paid monthly
- Principal redemption in three instalments of 20,00,00,000.00 each on 25-Mar-28, 25-Jun-28 and 25-Sep-28
- Proposed to be listed on BSE Limited
Security and default clause
The issue is to be secured by a first ranking exclusive and continuing charge, created through a deed of hypothecation between the issuer and the debenture trustee, over certain identified receivables and/or fixed deposit lien marked in favour of the debenture trustee, and/or other unencumbered assets as mutually agreed. In case of default in payment of interest or principal on due dates, additional interest at 2% p.a. over the coupon rate is payable for the defaulting period. No special rights or privileges are attached to the instrument.
How to read it
For a non-banking lender, debenture issuance is a routine way of raising funds for on-lending. The key numbers for investors are the amount raised, the cost of the borrowing at 10.75% per annum, and the repayment schedule concentrated in 2028.
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More numbers
- Debentures allotted6,000
- Face value per debentureINR 1,00,000/-
- Issue sizeINR 60,00,00,000
- Choice Finserv debentures3,000
- Choice Finserv amount30,00,00,000
- Vakrangee debentures1,500
- Vakrangee amount15,00,00,000
- Vivriti Capital debentures1,500
- Vivriti Capital amount15,00,00,000
- Coupon rate10.75% p.a.p.m
- Tenor24 months
- Each principal repayment instalment20,00,00,000.00
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