Pakka Ltd Approves Allotment of First Tranche of Secured Non-Convertible Debentures
Pakka Ltd announced the allotment of the first tranche of unlisted, secured, non-convertible debentures (NCDs) through a private placement. The allotment aggregates up to INR 375 Crores against the total issue size of INR 540 Crores, which had been previously approved by the company's Board of Directors.The details of the allotment were approved by the Fundraising Committee of the Board of Directors of Pakka Limited during a meeting held on June 2, 2026.
Allotment Details of NCDs
The company allotted the first tranche of non-convertible debentures on a private placement basis, totaling INR 375 Crores. This amount is segmented into two categories of secured, unrated, redeemable non-convertible debentures:1. Junior Series: 22,500 unlisted, junior, secured, unrated, redeemable non-convertible debentures, each having a face value of INR 1,00,000. This tranche aggregates up to INR 225 crores.
2. Senior Series: 15,000 unlisted, senior, secured, unrated, redeemable non-convertible debentures, each having a face value of INR 1,00,000. This tranche aggregates up to INR 150 crores.
Financial Summary of the Tranche 1 Allotment
The total issue size for the debentures was INR 540 Crores, with this filing confirming Tranche 1 totaling INR 375 Crores.The details of the allotment by series are presented below:
| Series Type | Number of Debentures Allotted | Total Face Value (INR in Crores) |
|---|---|---|
| Junior Series (A) | 22,500 | 225 |
| Senior Series (B) | 15,000 | 150 |
| Grand Total | 37,500 | 375 |
Key Tenure and Interest Details
The debentures carry specific terms regarding maturity, interest rates, and security.- Maturity: The Junior Series is due up to May 31, 2035, and the Senior Series is due up to September 30, 2033.
- Interest Rate: The interest offered is 19.40% per annum for the Junior Series and 11.40% per annum for the Senior Series.
- Security: The Debenture Obligations are secured by a Security Interest over the company’s assets, including:
* All current assets of the company (present and future), including receivables.
* Pledge over the Pledged Securities (Issuer).
Allotment to Eligible Investors
The private placement utilized a group of eligible investors. The total allotment of INR 375 Crores was distributed across various fund entities.Junior Series (A) Allotment (Total: 225 Crores)
| Allottee Name | Number of Debentures Allotted | Amount Received (INR in Crores) |
|---|---|---|
| Neo Special Credit Opportunities Fund | 11,600 | 116 |
| Neo Special Credit Opportunities Fund II | 6,100 | 61 |
| Neo Credit Opportunities Fund I | 800 | 8 |
| Neo Special Credit Opportunities Fund IIA | 3,000 | 30 |
| Neo Prime Fund | 1,000 | 10 |
| Total | 22,500 | 225 |
Senior Series (B) Allotment (Total: 150 Crores)
| Allottee Name | Number of Debentures Allotted | Amount Received (INR in Crores) |
|---|---|---|
| Neo Special Credit Opportunities Fund | 7,700 | 77 |
| Neo Special Credit Opportunities Fund II | 4,100 | 41 |
| Neo Credit Opportunities Fund I | 500 | 5 |
| Neo Special Credit Opportunities Fund IIA | 2,000 | 20 |
| Neo Prime Fund | 700 | 7 |
| Total | 15,000 | 150 |
The allotment represents the grand total of 37,500 debentures across both series, successfully raising INR 375 Crores.
PAKKA Stock Price Movement
As of 11:19 AM, shares of PAKKA LIMITED are slipping by 0.83% in live trading, currently priced at ₹87.06. The stock is seeing moderate volume, with 20,663 shares traded so far in the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.