Shalibhadra Finance Successfully Raises ₹19.50 Crore through Non-Convertible Debentures
Shalibhadra Finance Limited, a retail-focused Non-Banking Financial Company (NBFC), has successfully raised ₹19.50 crore through the issuance of Non-Convertible Debentures (NCDs). The funding round aims to optimize the company's liability profile and support lending operations across its core market segments.The newly issued NCDs are described as secured, rated, listed, and redeemable. According to the company, the financing structure features an annual coupon rate of 12.00% per annum, with interest payments scheduled monthly. The NCDs have a tenure of 24 months, with principal repayment slated on a six-monthly basis.
Key details of the Non-Convertible Debenture issuance are as follows:
| Detail | Specification |
|---|---|
| Total Amount Raised | ₹19.50 Crore |
| Coupon Rate | 12.00% per annum |
| Tenure | 24 months |
| Credit Rating | ICRA BBB - (Stable) |
| Face Value | Rs. 10,000 per Debenture |
Vatsal M. Doshi, Managing Director of Shalibhadra Finance Limited, stated that the successful fundraise is a major step toward enhancing the company's financial flexibility. He noted that the NCD issuance reflects strong investor confidence in the company's business model. He added that the proceeds will support lending operations, helping to optimize the overall cost of funds while driving disciplined growth and long-term value creation.
Company Overview
Shalibhadra Finance Limited operates as an NBFC focusing primarily on the rural and semi-urban areas across Gujarat, Maharashtra, and Madhya Pradesh. The company maintains a network of over 60 branches. It provides a diverse range of customized retail products, including small ticket asset financing for New & Used two wheelers, four wheelers, and property loans.The company emphasizes a prudent, asset-backed lending model, with a strong commitment to risk management, asset quality, and sustainable growth. Shalibhadra Finance Limited currently reports an asset under management exceeding ₹200 crores and an active customer base of more than 1 Lakh.
SAHLIBHFI Stock Price Movement
Today, Shalibhadra Finance Limited shares edged higher to close at ₹83.21, gaining 2.15% in post-market trading. The stock recovered strongly from hitting its 52-week low point, posting a sizable rally on a reported volume of 8,448 shares.Source:
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