Shriram Finance Allots ₹485 Crore via Private NCD Issue at 9.233% Coupon; Yield at 7.75%
By Shishta Dutta | Published at: Jun 30, 2025 05:35 PM IST
Mumbai, June 30, 2025 – Shriram Finance Limited (NSE: SHRIRAMFIN, BSE: 511218) has successfully completed a fresh issuance of secured non-convertible debentures (NCDs) worth ₹485 crore under Series PPD XVI 2023–24 Further Issue 6, as approved by its Allotment Committee on June 30, 2025.
Issue Details
The privately placed NCDs are senior, secured, rated, listed, redeemable, and taxable, carrying a fixed coupon rate of 9.233% per annum, payable annually. The reissue price for each debenture stood at ₹1,07,376.61, including a premium of ₹2,494.50 and accrued interest of ₹4,882.11. The effective yield was pegged at 7.75%.
NCD Allotment Snapshot
| Particulars | Details |
|---|---|
| Issue Series | PPD XVI 2023–24 Further Issue 6 |
| Date of Allotment | June 30, 2025 |
| Face Value per NCD | ₹1,00,000 |
| Reissue Price per NCD | ₹1,07,376.61 |
| Coupon Rate | 9.233% p.a. |
| Interest Payment Dates | Dec 19, 2025 & 2026; Maturity: May 18, 2027 |
| Total NCDs Allotted | 48,500 NCDs |
| Total Issue Size (Face Value) | ₹485 crore |
| Effective Yield | 7.75% |
| Listing | BSE, WDM Segment |
| Tenure | 1 year, 10 months, 18 days |
| Maturity Date | May 18, 2027 |
Historical Allocation Under Same ISIN (INE721A07RV0)
| Date | Amount Raised (₹ Cr) |
|---|---|
| Dec 19, 2023 | 151 |
| May 2, 2024 | 175 |
| May 22, 2024 | 482 |
| Jun 10, 2024 | 150 |
| Jun 28, 2024 | 50 |
| Sep 2, 2024 | 370 |
Security, Purpose, and Regulatory Compliance
The NCDs are secured against assets, and the proceeds will be used for:
- Augmenting long-term resources
- Onward lending and refinancing of existing debt
- Working capital requirements
- General corporate purposes
Shriram Finance confirmed that 100% of the proceeds will comply with RBI norms and other regulatory requirements. There were no delays, defaults, or material adverse comments reported in connection with the payment of interest or principal for the instrument.
Shriram Finance Stock Performance
Shriram Finance shares closed at ₹707, representing a 1.04% surge as of June 30, 2025. Shriram Finance shares have witnessed a 20.93% gain in the last year, 21% gain in the year-to-date, and a 10.07% in the previous month.
About Shriram Finance
Shriram Finance Limited is a leading non-banking financial company (NBFC) listed on the BSE and NSE. It operates across retail finance, offering commercial vehicle loans, personal finance, gold loans, and MSME credit, and is part of the Shriram Group. The company continues to leverage its diversified product portfolio and strong distribution network to deepen financial access across India.
REF: https://nsearchives.nseindia.com/corporate/Mathew_30062025144246_NSEBSE30062025.pdf
Disclaimer: At HDFC SKY, we take utmost care and due diligence in curating and presenting news and market-related content. However, inadvertent errors or omissions may occasionally occur.
If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com.
Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations
