Share India Securities Approves ₹100 Crore NCD Issue With Up To 10.75% Coupon
By Shishta Dutta | Updated at: Jun 4, 2025 09:54 PM IST
Gandhinagar, June 4, 2025 — Share India Securities Ltd (NSE: SHAREINDIA, BSE: 540725) has announced the approval of updated terms for its proposed issue of secured, rated, listed, taxable Non-Convertible Debentures (NCDs) worth up to ₹100 crore, including a green shoe option of ₹50 crore, on a private placement basis.
Key Highlights of the NCD Issue
| Particulars | Details |
|---|---|
| Instrument | Secured, redeemable, rated NCDs |
| Total Issue Size | ₹100 crore (₹50 crore base + ₹50 crore green shoe option) |
| Denomination | ₹1 lakh per NCD |
| Number of NCDs | Up to 10,000 |
| Listing | Proposed on BSE’s Wholesale Debt Market (WDM) segment |
| Tenure | 23 months 19 days from allotment date for both Series A and B |
| Series | Series A: ₹50 crore (₹25 crore green shoe); Series B: ₹50 crore (₹25 crore green shoe) |
| Interest Rates | Series A: 10.70% p.a. (monthly) Series B: 10.75% p.a. (quarterly) |
| Redemption | Series A: Quarterly redemption at 12.5% per instalment Series B: Bullet repayment at maturity |
| Security | First pari-passu charge on current assets and receivables |
| Default Clause | 2% p.a. additional coupon on default till cure/redemption |
Structured for Investor Confidence
The coupon payments are scheduled with precision. Series A NCDs will pay monthly on the 10th of the subsequent month, while Series B will pay quarterly starting from September 10, 2025. The final interest instalments for both series will be paid along with principal redemption.
To protect investor interest, the debentures are backed by a first pari-passu charge on the company’s current and future receivables, including margin trading facility (MTF) receivables.
In case of delayed payment beyond three months, the company will offer an additional 2% annual interest over the coupon rate until dues are cleared or debentures are redeemed.
Strategic Outlook
This structured debt issuance allows Share India Securities to strengthen its liquidity position and optimize its capital structure. With a double-tranche approach and relatively short maturity, the company is targeting a diversified set of institutional investors seeking high-yield, short-duration debt instruments.
The NCD structure’s emphasis on transparency, security, and timely service aligns with the company’s broader governance and financial discipline.
About Share India Securities Ltd:
Headquartered in Noida, with registered offices in GIFT City, Gandhinagar, Share India is a leading player in equity and derivatives trading, broking, and investment advisory. It is listed on NSE and BSE, and is a registered research analyst and AMFI-certified mutual fund distributor.
REF: https://nsearchives.nseindia.com/corporate/SISL_04062025174529_REG30NCD04062025.pdf
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