|
The principal amount of the NCDs to be issued in terms of this Prospectus together with all interest due on the NCDs, as well as all costs, charges, all fees, remuneration of Debenture Trustee and expenses payable in respect thereof shall be secured by way of first ranking pari passu charge with existing secured creditors/lenders, on all present and future, loan Receivables, Receivables from investment in debentures, Receivables from investments in the units of AIFs, balance with banks, fixed deposits and any other present and future receivables, such that a security cover to the extent of 1 (one) time of the outstanding principal amounts of the NCDs and all interest due and payable thereon is maintained at all times until the redemption of NCDs. The securities so created pursuant to the security documents shall be registered with Subregistrar, Registrar of Companies, Central Registry of Securitization Asset Reconstruction and Security Interest (CERSAI), Depository or any other institution, as applicable, within 30 days of creation of charge. The date of creation of the security for the NCDs shall be on or before making final listing application. Replacement of security – Our Company shall within 15 (fifteen) days, furnish to the Debenture Trustee as additional security, if the Debenture Trustee is of the opinion that during the subsistence of these presents, the security for the NCDs has become inadequate on account of the margin requirement as provided in the financial covenants and conditions and the Debenture Trustee has, accordingly, called upon our Company to furnish such additional security. In such case, our Company shall, at its own costs and expenses, furnish to the Debenture Trustee such additional security, in form and manner satisfactory to the Debenture Trustee, as security for the NCDs and upon creation of such additional security, the same shall vest in the Debenture Trustee subject to all the trusts, provisions and covenants contained in these presents. For further details, please refer to the agreed form of the Debenture Trust Deed. |
| Issue Details |
| Issue Open |
26-Feb-2026-12-Mar-2026 |
| Security Name |
PRACHAY CAPITAL LIMITED |
| Security Type |
Secured Redeemable Non-Convertible Debentures |
| Issue Size (Base) .Cr |
50 |
| Over subscription |
AN OPTION TO RETAIN OVERSUBSCRIPTION UP TO RS. 50 CRORE ("GREEN SHOE OPTION"), CUMULATIVELY AGGREGATING UP TO 1000000 NCDs FOR AN AGGREGATE AMOUNT OF UP TO RS. 100 CRORE. |
| Issue Price |
1000 |
| Face Value |
1000 |
| Market Lot |
1 |
| Credit Rating |
CRISIL BBB-/ Stable by CRISIL. |
| Tenor |
36 Months,48 months,60 months |
| Series |
Series1,Series2,Series3 |
| Payment Frequency |
Monthly |
| Objects of the Issue: |
|
PUBLIC ISSUE BY OUR COMPANY OF LISTED, RATED, SECURED, REDEEMABLE, NON-CONVERTIBLE DEBENTURES OF FACE VALUE OF RS. 1000 EACH ("NCDS") FOR AN AMOUNT UP TO RS. 50 CRORE ("BASE ISSUE SIZE") WITH AN OPTION TO RETAIN OVERSUBSCRIPTION UP TO RS. 50 CRORE ("GREEN SHOE OPTION"), CUMULATIVELY AGGREGATING UP TO 1000000 NCDs FOR AN AGGREGATE AMOUNT OF UP TO RS. 100 CRORE. |
|
|
|
| Company Promoters |
| Girish Murlidhar Lakhotiya |
|
| Lead Managers |
| 1. KREO CAPITAL PRIVATE LIMITED |
|
| Registrar to the Issue |
| 1. KFIN TECHNOLOGIES LIMITED |
|
|