India Shelter Finance to raise ₹200 crore via NCDs for growth

India Shelter Finance Corporation Limited is set to raise ₹200 crore through a private placement of rated, listed, secured, transferable, redeemable non-convertible debentures (NCDs). This includes a base issue of ₹150 crore and a green shoe option of ₹50 crore. The issuance, approved by the Asset Liability Management Committee on November 21, 2025, will consist of 20,000 NCDs, each with a face value of ₹100,000.

The NCDs will have a tenure of 60 months from the deemed allotment date, offering a fixed coupon interest of 7.85% per annum, with interest and principal payable quarterly. These securities will be secured by a first and exclusive hypothecation charge on standard receivables, maintaining a minimum asset cover of 1.10 times. The NCDs are proposed to be listed on the Bombay Stock Exchange (BSE).

This disclosure aligns with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.