Share India Securities stole the spotlight in today’s stock market as the stock was locked in the 20% upper circuit, reacting sharply to a fresh ₹50 crore fundraise via Non-Convertible Debentures (NCDs) through private placement.
The sudden price spike reflects strong investor interest in the company’s capital-raising plan, which is structured with a defined repayment schedule and secured backing.
Key Highlights of the NCD Issue
To break down the structure of this ₹50 crore Non-Convertible Debenture issue, here are the core financial details:
- Total Issue Size: ₹50 crore
- Number of Debentures: Up to 5,000 units
- Face Value per NCD: ₹1,00,000
- Interest Rate (Coupon): 10.50% per annum
- Interest Payment Frequency: Monthly
- Tenure: 712 days from the deemed allotment date
- Principal Repayment: 12.5% of face value every quarter
- Listing Venue: BSE Wholesale Debt Market (WDM) segment
The NCDs are further strengthened by a 1.5x security cover, backed by:
- Hypothecation of Margin Trading Facility (MTF) receivables
- Trade securities and current assets
Additionally, personal guarantees from the promoters add another layer of credit comfort for investors.
The company has also structured an additional 2% coupon penalty in case of default until dues are cleared — a move aimed at ensuring repayment discipline.
Share Price Performance
The Share India Securities share price closed 20% higher at ₹179.20 per share on the BSE. The stock had earlier touched an intraday low of ₹151 before surging to its upper circuit limit.
Long-term investors have enjoyed solid gains — over the last five years, the stock has delivered more than 800% returns, marking it as one of the notable multibagger names in recent years.
Summary
The announcement of a ₹50 crore secured NCD issue with a 10.50% interest rate triggered a strong market reaction, pushing the Share India Securities share price to its 20% upper circuit.
With structured repayments, secured backing, and promoter guarantees, the issue signals a focused effort to strengthen funding capabilities while offering debt investors predictable returns.
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