Aavas Financiers Raises Rs 200 Crores Through NCDs
By Shishta Dutta | Updated at: Jan 14, 2026 03:25 PM IST
Jaipur, June 26, 2025: Aavas Financiers Ltd (NSE: AAVAS | BSE: 541988), a prominent housing finance company, has successfully completed the allotment of ₹200 crore worth of secured, rated, listed, and redeemable non-convertible debentures (NCDs). The transaction, executed via a private placement, received approval from the Executive Committee of the Board through a circular resolution today at 12:24 PM.
This NCD issuance aims to strengthen further Aavas Financiers’ diversified funding mix and capital base, supporting its continued growth in providing home loans to underserved segments.
Key Terms of the NCD Issuance
| Particulars | Details |
|---|---|
| Instrument Type | Senior, Secured, Rated, Listed, Transferable, Redeemable NCDs |
| Face Value per NCD | ₹1,00,000 |
| Total Number of NCDs Allotted | 20,000 |
| Aggregate Issue Size | ₹200 crore |
| Coupon Rate | 7.40% per annum (payable quarterly) |
| Tenure | 5 years |
| Allotment Date | June 26, 2025 |
| Maturity Date | June 26, 2030 (subject to business day convention or accelerated redemption) |
| Listing Platform | BSE – Wholesale Debt Market |
Security Cover & Covenants
A robust security cover backs these NCDs. A first-ranking exclusive charge of at least 110% of the total principal and interest amount is secured through the hypothecation of identified receivables from the company’s loan book. This is meticulously detailed in the debenture trust deed and supporting documentation, providing investors with strong assurance.
Additionally, the coupon rate incorporates provisions for step-up or step-down adjustments, as outlined in the Key Information Document (KID). This flexibility may allow for rate adjustments under specific conditions, providing dynamic risk management for the issuance.
Regulatory Context
The issuance adheres to the framework stipulated in SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. This master circular governs the private placement of listed non-convertible securities by corporate entities, ensuring transparency, investor protection, and compliance with market regulations. Aavas Financiers’ adherence to these guidelines underscores its commitment to robust corporate governance.
Live Share Price
As of 1:15 PM, the shares of Aavas Financiers were up 3.86% or ₹72.70 and were trading at ₹1,953.90. It remains to be seen at what price the shares close at the end of today’s market session.
About the Company
Aavas Financiers Ltd, headquartered in Jaipur, is a retail-focused housing finance company listed on both NSE and BSE. The firm specialises in providing home loans to low and middle-income customers in semi-urban and rural areas, with a strong underwriting model and focus on asset quality. It maintains a strong market presence across Rajasthan, Gujarat, Maharashtra, and Madhya Pradesh.
REF: https://nsearchives.nseindia.com/corporate/AAVAS_26062025123209_Outcome-FINAL.pdf
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