India Shelter Finance Corporation Limited has announced a private placement of rated, listed, and secured Non-Convertible Debentures (NCDs) aggregating ₹100 crore to strengthen its funding base and support growth initiatives. Key Issuance Details: Issue Size: ₹100 crore, comprising a base issue of ₹75 crore and a Green Shoe Option of ₹25 crore. Terms: The NCDs have a face value of ₹1 lakh each, a tenure of 60 months, and carry a fixed interest rate of 8.10% p.a., payable quarterly. Security: The instruments are secured by a first and exclusive hypothecation charge on the company’s standard receivables, with a minimum asset cover of 1.10x. Listing: The NCDs are proposed to be listed on the Bombay Stock Exchange (BSE) to ensure liquidity for investors. Strategic Outlook: This structured debt raise allows India Shelter Finance to diversify its liability profile and secure medium-term capital at a competitive fixed rate. The inclusion of a Green Shoe Option provides the company with the flexibility to raise additional funds based on investor demand, ensuring robust capital availability for its housing finance operations. $INDIASHLTR

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