Prachay Capital Limited is launching its secured, redeemable, non-convertible debentures (NCDs) for subscription starting from February 28, 2025. The company is offering an attractive interest rate of 13 to 15% (Annually) on these NCDs, making it appealing for fixed-income investors.
Prachay Capital NCD – Important Details
| Prachay Capital NCD Issue Open Date | February 28, 2025 |
| Prachay Capital NCD Issue Close Date | March 13, 2025 |
| Prachay Capital NCD Issue Size | Base 50 Cr | Shelf 2000 Cr |
| Prachay Capital NCD Price Band | ₹1000 per NCD |
| Prachay Capital NCD Interest Rate | 13 to 15% (Annually) |
| Prachay Capital NCD Minimum Investment | 10 NCDs (₹10,000) |
| Prachay Capital NCD Listing On | BSE Platform |
| Prachay Capital NCD Basis of Allotment | First Come First Serve Basis |
| Prachay Capital NCD Tenure | 5 Years |
Prachay Capital – Company Profile
Prachay Capital Limited is a non-deposit-taking, Non-Banking Financial Company (NBFC) focused on investment and credit solutions. The company specialises in structuring debt solutions to meet the diverse financial needs of its clients across industries.
Through its subsidiary, Prachay Investment Managers, the company also holds a Category II Alternative Investment Fund (AIF) license, enabling it to offer specialised investment opportunities. Prachay Capital raises funds through term loan refinancing from both public and private sector banks, alongside issuing unlisted Non-Convertible Debentures (NCDs).
Currently operating primarily in Pune and Maharashtra, Prachay Capital plans to expand its footprint to emerging financial hubs like Hyderabad and Bhubaneswar, further strengthening its presence in the Indian credit market.
Prachay Capital NCD Issue Details
Prachay Capital Limited is offering Secured, Redeemable, Non-Convertible Debentures (NCDs), with the subscription open from February 28, 2025. These NCDs carry an interest rate of 13 to 15% per annum and come with a tenure of 5 years.
| Issue Open Date | Issue Close Date | Issue Size |
| February 28, 2025 | March 13, 2025 | ₹50 Crore |
Prachay Capital Limited NCD Interest Rates & Tenure
| Tenure | Payment | Coupon (% Per Annum) | Effective Yield (% Per Annum) | Amount on Maturity |
| 5 Years | Monthly | 13% | 13.79% | ₹1,000 |
Prachay Capital NCD – Credit Rating & Risk Assessment
Prachay Capital NCDs hold a BBB-/Stable rating from CRISIL Ratings Limited, indicating moderate credit risk. While this reflects a reasonable ability to meet obligations, it also highlights exposure to business and economic factors. Investors should consider their risk tolerance before investing.
Prachay Capital NCD – Objective of the Issue
The main objective of Prachay Capital Limited is to utilise the funds for onward lending and investments in AIF schemes under its alternate asset management business.
- Onward Lending & AIF Investments: A significant portion of the proceeds will be used for onward lending and investing in current and future AIF schemes managed by its subsidiary, Prachay Investment Managers Private Limited. These AIFs will further invest in unlisted, privately placed corporate bonds.
- Repayment of Borrowings: The company will also repay or prepay certain borrowings, improving its overall financial position.
- General Corporate Purposes: A portion of the funds will support general corporate purposes, including operational expenses and strategic initiatives.
Allocation Structure of Prachay Capital NCD
Prachay Capital Limited’s NCD allocation will be as follows: 10% for Institutional Investors, 20% for Non-Institutional Investors, 40% for High Net-worth Individuals (HNI), and 30% for Retail Investors.
- Institutional Investors: 10% of the NCDs are reserved for Institutional Investors, including banks, financial institutions, and mutual funds.
- Non-Institutional Investors (NII): 20% of the NCDs are allocated to Non-Institutional Investors, typically including corporate bodies and larger individual investors.
- High Net-worth Individuals (HNI): 40% of the NCDs will be reserved for HNIs, representing investors applying for higher amounts.
- Retail Investors: 30% of the NCDs will be allocated to Retail Investors, comprising individuals investing smaller amounts.
Prachay Capital Limited NCD – Lead Manager & Registrar
The lead manager for Prachay Capital Limited NCD February 2025 is Galactico Corporate Services Limited, responsible for overseeing the issuance process and ensuring compliance with regulatory requirements.
The registrar for the NCD issue is KFin Technologies Limited, responsible for managing the application process, allotment, and refunds.
Contact information for the registrar:
KFin Technologies Limited Selenium,
Tower-B, Plot No. 31 and 32 Financial
District Nanakramguda, Serilingampally
Hyderabad 500 032 Telangana, India
Tel: +91 40 6716 2222
E-mail: [email protected]
Website: www.kfintech.com
How to Apply for Prachay Capital NCD?
To apply for Prachay Capital NCD February 2025 through Alice Blue Rise, follow these simple steps:
- Open an Account: If you don’t have an Alice Blue Rise account, sign up and complete your KYC to activate it.
- Explore NCDs: Visit the Bonds section on Alice Blue Rise and find Prachay Capital NCD February 2025 listed among available offerings.
- Place Your Order: Choose the desired investment amount and place your order directly through the platform.
- Confirm & Track: Complete the payment process and track your investment easily from the Alice Blue Rise dashboard.
Applying for Prachay Capital NCD with Alice Blue Rise is quick, secure, and convenient!
How to Check Prachay Capital NCD Allotment Status?
Checking the allotment status of Prachay Capital NCD February 2025 is simple with Alice Blue Rise. Follow these steps:
- Log in to Alice Blue Rise: Log in to your Alice Blue Rise account.
- Go to the Bonds Section: After logging in, navigate to the Bonds section, where you can see your applied NCDs.
- Check Allotment Status: Select Prachay Capital NCD February 2025 and check if the NCDs have been allotted to your account.
If you face any issues, we request you reach out to our customer support team at Alice Blue for detailed assistance.
Other Ways to Check Allotment Status:
● Registrar’s Website: Visit the website of KFin Technologies Limited, the registrar of the Prachay Capital Limited NCD. On the homepage, look for the ‘Bond or NCD Allotment Status’ option. You must enter your PAN, application, or Demat account number to check your allotment status. Click on the ‘Submit’ button to check your allotment status.
● BSE NSE: You can also check the allotment status on the official websites of the Bombay Stock Exchange (BSE) National Stock Exchange (NSE). You would need your application number and PAN to check the status.
Please note that the allotment status will only be available a few days after the issue closes, once the allotment process is completed.
Prachay Capital NCD – FAQs
The issue size of Prachay Capital NCD is up to ₹50 crore, with an option to retain oversubscription of up to ₹50 crore, aggregating to a total of ₹100 crore.
The face value and issue price of each Prachay Capital NCD is ₹1,000 per NCD.
The issue opens on February 29, 2025, and closes on March 15, 2025.
Prachay Capital NCD will be listed on the BSE (Bombay Stock Exchange).
You can check the allotment status of Prachay Capital NCD on Alice Blue Rise under the Bonds section or visit the Registrar’s Website (KFin Technologies Limited) and enter your PAN, application number, or Demat account number. Alternatively, you can also check it on the BSE website using your PAN and application number.
The Lead Manager for Prachay Capital NCD is Vivro Financial Services Private Limited.
