More Stories

Informist, Wednesday, Sept. 24, 2025

By Vaishali Tyagi and Ketaki Patil

MUMBAI – The National Bank for Agriculture and Rural Development Wednesday set a coupon of 6.85% on its bonds maturing on Jan. 19, 2029, and accepted bids aggregating to INR 40.40 billion, dealers told Informist. According to the bid book accessed by Informist, the company received 152 bids aggregating INR 175.95 billion in the coupon range of 6.71-7.00%.

The issue had a base size of INR 20 billion and a greenshoe option of INR 50 billion. The bonds, rated 'AAA' by ICRA Ratings, will be allotted Thursday.

THIS WEEK

=========

CESC Ltd.

The board of CESC Ltd. approved the issuance of non-convertible debentures aggregating to INR 3.00 billion, on a private placement basis, the company informed exchanges Wednesday. 

The bonds will mature on Sept. 26, 2028, and will be allotted Friday, the filing said. The coupon on the bonds will be 230 basis points higher than the three-month Treasury bill rate, payable quarterly, the filing said.

The bonds carry a 'call' or 'put' option, which can be exercised at the end of 12 months from the date of allotment. As of 1155 IST, shares of CESC traded 0.3% higher at INR 167.40 on the National Stock Exchange.

GODREJ SEEDS AND GENETICS

Godrej Seeds and Genetics Ltd. plans to raise INR 10 billion by issuing bonds carrying a separately transferable redeemable principal part structure, or STRPP, where the principal and coupon payments are stripped and sold separately to investors, sources told Informist. The company has invited bids for the bonds on Wednesday.

STRPP allows issuers to offer part payment of principal along with due interest at pre-defined tenures. The company will make the first payment on Dec. 26, 2028, and the second on Mar. 26, 2029. Bidding will take place on the National Stock Exchange's electronic bidding platform. 

The bonds, rated 'AA' by Crisil Ratings, will be allotted on Friday. ICICI Bank is said to be the arranger for the issue. The company has secured anchor investments from Kotak Mahindra Mutual Fund and SBI Mutual Fund, each amounting to INR 900 million. Additionally, UTI Mutual Fund and Axis Mutual Fund have also made anchor investments of INR 600 million each.

HDB FINANCIAL SERVICES

HDB Financial Services Ltd. plans to raise up to INR 5.00 billion through the reissuance of bonds maturing on Aug. 4, 2028, and has invited bids for the same Wednesday, dealers told Informist. The bonds carry a fixed coupon of 7.3274%. The bonds, rated "AAA" by Crisil Ratings, will be allotted Friday.

Bidding for the bonds will take place on the BSE's electronic bidding platform from 1100 IST to 1200 IST. For the June quarter, the company's net profit had declined 2.4% on year to INR 5.68 billion. Its total revenue had risen 15% on year to INR 44.65 billion. Tuesday, the company's shares closed at INR 774.60 on National Stock Exchange, down 0.7%.

RASHTRIYA CHEMICALS AND FERTILIZERS

Rashtriya Chemicals And Fertilizers Ltd. Tuesday set a coupon of 7.60% on bonds maturing on Jul. 25, 2029, and accepted bids aggregating to INR 3.95 billion, dealers told Informist. According to the bid book accessed by Informist, the company received 24 bids aggregating to INR 8.75 billion in the coupon range of 7.50-7.93%.

The issue had a base size of INR 3.00 billion and a greenshoe option of INR 1.00 billion. The bonds, rated 'AAA' by ICRA Ratings, will be allotted Thursday. Shares of the company ended 0.3% lower at INR 151.39 on the National Stock Exchange. 

POWER FINANCE CORP.

Power Finance Corp. Ltd. Tuesday set a coupon of 6.73% on its October 2027 bonds and accepted bids aggregating to INR 34.50 billion, dealers told Informist. According to the bid book accessed by Informist, the company received 85 bids aggregating to INR 61.50 billion in the coupon range of 6.55-6.87%.

The issue had a base size of INR 6.00 billion and a greenshoe option of INR 29.00 billion. The bonds, rated 'AAA' by Crisil Ratings, will be allotted Thursday. 

For the June quarter, the company posted a net profit of INR 45.02 billion, up nearly 21% on year. At 1243 IST, shares of the company ended 1.3% higher at INR 414.20 on the National Stock Exchange.

SOLAR ENERGY

Solar Energy Corp. of India Ltd. plans to raise up to INR 6.00 billion through issuance of bonds maturing in 10 years and has invited bids for the same Thursday, dealers told Informist. The coupon on the bonds is yet to be decided but it will be paid annually.

The issue has a base size and a greenshoe option of INR 3.00 billion each. Bidding will take place on the National Stock Exchange's electronic bidding platform from 1100 IST to 1200 IST. The bonds are rated "AAA" by ICRA Ratings and will be allotted Friday.

GODREJ INDUSTRIES

The board of Godrej Industries Ltd. approved the allotment of two non-convertible debentures worth INR 4.00 billion each, the company informed the exchanges. The company raised funds aggregating to INR 8.00 billion through these debentures on a private placement basis, it said. Both debentures carry a coupon of 7.89%, payable annually. They will be listed on the National Stock Exchange, as per the filing.

Both debentures have a base size of INR 3.75 billion and a greenshoe option of INR 1.25 billion each. For the June quarter, the consolidated net profit of Godrej Industries rose 8.3% on year to INR 3.49 billion.

NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT

National Bank for Agriculture and Rural Development plans to raise up to INR 70.00 billion through issuance of bonds maturing on Jan. 19, 2029 and has invited bids for the same Wednesday, dealers told Informist. The coupon of the bonds is yet to be decided and will be paid annually. 

The issue has a base size of INR 20.00 billion and a greenshoe option of INR 50.00 billion. Bidding will take place on the National Stock Exchange's electronic bidding platform from 1030 IST to 1130 IST. The bonds are rated 'AAA' by ICRA ratings, and will be alloted on Thursday. 

ADITYA BIRLA CAPITAL

Aditya Birla Capital Ltd. plans to raise up to INR 10 billion through two bonds of different maturities and has invited bids for the same Tuesday, dealers told Informist. The company will raise up to INR 5 billion by issuing bonds maturing on Mar. 24, 2028 bonds. The issue has base size of INR 3 billion and greenshoe option of INR 2 billion.

The company plans to raise up to INR 5 billion by issuing five-year bond maturing on Sept. 24, 2030. The issue has a base size of INR 2 billion and greenshoe option of INR 3 billion. The bonds carry a fixed coupon of 7.52%, payable annually. The company has received an anchor investment of INR 600 million from Axis Bank.

Both bonds are rated 'AAA' by Crisil Ratings, and will be allotted Wednesday. Bidding will take place on BSE's electronic bidding platform from 1030 IST to 1130 IST.

Aditya Birla Capital's net profit for Apr-Jun rose 10% on year but declined over 3% on quarter to INR 8.35 billion

ADITYA BIRLA CAPITAL

Aditya Birla Capital Ltd. plans to raise up to INR 10 billion through reissuance of two bonds of different maturities and has invited bids for the same Tuesday, dealers told Informist. The company will raise INR 5.00 billion through reissuance of the Sept. 15, 2028 bond. The bonds carry a fixed coupon of 7.2959%, payable annually. Separately, the company plans to raise up to INR 5.00 billion through reissuance of the Feb. 14, 2028 bond. The bonds carry a fixed coupon of 7.3789%, payable annually.

Both bonds have base size and greenshoe option of INR 2.50 billion each. Both bonds are rated 'AAA' by Crisil Ratings and will be allotted Wednesday. Bidding will take place on BSE's electronic bidding platform from 1030 IST to 1130 IST. 

Aditya Birla Capital's net profit for Apr-Jun rose 10% on year but declined over 3% on quarter to INR 8.35 billion. At 1424 IST, shares of the company traded at INR 289.70 on the National Stock Exchange, up 0.2% from the previous close. 

NUMALIGARH REFINERY

Assam-based Numaligarh Refinery Ltd. Monday set a coupon of 7.34% on its 10-year bonds and accepted bids aggregating to INR 25.00 billion, dealers told Informist. According to the bid book accessed by Informist, the company received 169 bids aggregating to INR 121.84 billion in the coupon range of 7.00-7.70%.

The issue had a base size of INR 10.00 billion and a greenshoe option of INR 40.00 billion. The bonds, rated 'AAA' by Crisil Ratings, will be allotted Thursday. Numaligarh Refinery is primarily engaged in the business of refining petroleum products.

LAST WEEK

=========

LODHA DEVELOPERS

Lodha Developers Ltd. plans to raise INR 3.00 billion through the issuance of three-year bonds maturing Sept. 23, 2028, and has invited bids for the same Sept. 22, dealers told Informist.

Bidding will take place on the BSE's electronic bidding platform from 1100 IST to 1200 IST. The bonds, rated 'AA' by CRISIL Ratings, will be allotted Sept. 23. Axis Bank and Axis Trustee Services are the arrangers of the bond issuance. The company received an anchor investment of INR 900 million from Axis Bank.

POWER FINANCE CORPORATION

Power Finance Corp. Ltd. plans to raise up to INR 35.00 billion through bonds maturing on Oct. 15, 2027, and has invited bids for the same Sept. 23, dealers told Informist. Bidding for the bonds will take place on the BSE's electronic bidding platform from 1030 IST to 1130 IST. The coupon for the issue is yet to be decided and will be payable annually.

The issue has a base size of INR 6.0 billion and a greenshoe option of INR 29.0 billion. The bonds, rated 'AAA' by CRISIL Ratings, will be allotted on Sept. 25. 

GOLDMAN SACHS INDIA FINANCE

Goldman Sachs India Finance Pvt. Ltd. plans to raise INR 3.00 billion through the issuance of bonds maturing on Sept. 22, 2028 and has invited bids for the same Sept. 22, dealers told Informist. The coupon for the issue is yet to be decided and will be payable annually.

Bidding will take place on the BSE's electronic bidding platform from 1030 IST to 1130 IST. The bonds, rated 'AAA' by ICRA Ratings, will be allotted Sept. 23. 

AXIS MAX LIFE INSURANCE

Axis Max Life Insurance Co. Ltd. plans to raise INR 8 billion through the sale of bonds maturing in 10 years, dealers told Informist. The bonds have a fixed coupon of 7.95%, payable annually.

Bidding will take place on the NSE's electronic bidding platform from 1000 IST to 1100 IST. The bonds are rated 'AA+' by CareEdge Ratings and ICRA. The bonds will be allotted Sept. 24. 

NAVI FINSERV

Navi Finserv Ltd. plans to raise up to INR 2.00 billion through issuance of bonds maturing Dec. 31, 2030, and has invited bids for the same Sept. 19, dealers told Informist. The issue has a base size and greenshoe option of INR 1.00 billion each. The bonds carry a fixed coupon of 11.90%, payable monthly.

Bidding will take place on the BSE's electronic bidding platform from 1100 IST to 1200 IST. The bonds, rated 'A' by Crisil Ratings, will be allotted Sept. 22.

RASHTRIYA CHEMICALS & FERTILIZERS

The board of Rashtriya Chemicals & Fertilizers Ltd. will meet Sept. 25 to consider raising funds through the issuance of non-convertible debentures worth up to INR 4.00 billion on a private placement basis, the company said in an exchange filing Sept. 17.

For the June quarter, the company had recorded a net profit of 541.2 million rupees, up 400% on year. Wednesday, shares of the company ended 0.9% lower at INR 154.67 on the National Stock Exchange.

NUVOCO VISTAS CORP.

Building materials company Nuvoco Vistas Corp. Ltd. Sept. 17 raised INR 6.00 billion through the issuance of three-year bonds maturing Sept. 18, 2028, at a coupon of 7.70%, sources told Informist. 

The bonds, rated 'AAA' by Crisil Ratings, will be allotted Sept. 18. The company received an anchor investment of INR 1.80 billion from Aditya Birla Capital Ltd. 

CREDILA FINANCIAL SERVICES

Credila Financial Services Ltd. plans to raise up to INR 3 billion through the issuance of five-year bonds maturing Sept. 19, 2030 and has invited bids for the same Sept. 28. The issue has a base size of INR 500 million and a greenshoe option of INR 2.50 billion. The bonds carry a fixed coupon of 8.49%, payable annually. The bonds, rated 'AA+' by Crisil Ratings, will be allotted Sept. 19. 

Bidding will take place on the BSE's electronic bidding platform from 1130 IST to 1230 IST. Taurus Corporate Advisory Services Ltd., Trust Investment Advisors Pvt. Ltd., Equirus Capital Pvt. Ltd., and Nuvama Wealth Management Ltd. are the arrangers of the bond issuance.

360 ONE PRIME

360 ONE Prime Ltd. plans to raise INR 4.50 billion through issuance of bonds maturing on Sept. 17, 2027 and has invited bids for the same Sept. 18, dealers told Informist. The bonds carry a fixed coupon of 8.75%, payable annually. The bonds, rated 'AA' by ICRA ratings, will be allotted Sept. 19.

Bidding will take place on BSE's electronic bidding platform from 1030 IST to 1130 IST. The company has recieved anchor investment of INR 750 million from ICICI Prudential Corporate Bond Fund and INR 600 million from HDFC Hybrid Debt Fund.

ADITYA BIRLA HOUSING FINANCE

Aditya Birla Housing Finance Ltd. plans to raise up to INR 5.00 billion through bond maturing on Sept. 7, 2028 and has invited bids for the issue Sept. 18, dealers told Informist. The issue has a base size of INR 4.00 billion and a greenshoe option of INR 1.00 billion. The bonds carry a fixed coupon of 7.8618%, payable annually. The bonds, rated 'AAA' by Care ratings, will be allotted Sept. 19.

Bidding will take place on National Stock Exchange's electronic bidding platform from 1030 IST to 1130 IST. The company has got anchor investment of INR 1.20 billion from Bajaj Allianz Life Insurance Co. Ltd.

NIIF INFRASTRUCTURE FINANCE

NIIF Infrastructure Finance plans to raise up to INR 6.00 billion through issuance of bonds maturing Nov. 21, 2030 and has sought bids for the same Sept. 18, dealers told Informist. The issue has a base size of INR 2.00 billion and a greenshoe option of INR 4.00 billion. The bonds carry a fixed coupon of 7.4250%, payable annually. Rated 'AAA' by Care Ratings, the bonds will be allotted Sept. 19.

Bidding will take place on the National Stock Exchange's electronic bidding platform from 1110 IST to 1215 IST. The company has received anchor investment of INR 450 million from Axis Bank and INR 150 million from SBI Capital Market Ltd.

TVS CREDIT SERVICES

TVS Credit Services Ltd. plans to raise up to INR 7.00 billion through issuance of three-year bonds matruring Sept. 19, 2028, and has sought bids for the same Sept. 18, dealers told Informist. The issue has a base size of INR 5.00 billion and a greenshoe option of INR 2.00 billion. The bonds carry a fixed coupon of 7.55%, payable annually. The bonds, rated 'AA+' by Care ratings, will be allotted Sept. 19. 

Bidding will take place on National Stock Exchange's electronic bidding platform from 1045 IST to 1145 IST. HDFC Bank is the sole arranger for the issue and the bank has also given anchor investment of INR 1.50 billion.

ASIRVAD MICRO FINANCE

Asirvad Micro Finance Ltd. plans to raise up to INR 1.50 billion through the issuance of two bonds with different maturities and seeks bids for them Sept. 18, dealers told Informist. The company plans to raise up to INR 750.00 million through the issuance of two-year bonds maturing Sept. 19, 2027. The bonds carry a fixed coupon of 8.60%, payable annually. Bidding will take place on BSE's electronic bidding platform from 1000 IST to 1200 IST. 

The company also plans to raise up to INR 750.00 million through the issuance of three-year bonds maturing Sept. 19, 2028. The bonds carry a fixed coupon of 8.70%, payable annually. Bidding will take place on BSE's electronic bidding platform from 1000 IST to 1230 IST.

Both issues have a base size of INR 250.00 million and a greenshoe option of INR 500.00 million. The bonds, rated 'AA-' by Crisil Ratings, will be allotted Sept. 19.

MUTHOOT FINCORP 

Muthoot Fincorp Ltd. plans to raise INR 2.00 billion through two bonds of different maturities and has sought bids for the same Sept. 17 , dealers told Informist. Both the bonds, rated 'AA' by Brickwork Ratings, will be allotted Sept. 18.

The company plans to raise up to INR 1.25 billion through reissuance of bonds maturing Aug. 22, 2033. The bonds carry a fixed coupon of 10.40%, payable monthly. Bidding will take place on BSE's electronic bidding platform from 1000 IST to 1100 IST. 
The company also plans to raise up to INR 750 million through issuance of bonds maturing on Jul. 18, 2031. The bonds carry a fixed coupon of 10.26%, payable monthly. Bidding will take place on BSE's electronic bidding platform from 1230 IST to 1330 IST.

NUVAMA WEALTH AND INVESTMENT

Nuvama Wealth and Investment Ltd. plans to raise INR 2.00 billion through issuance of bonds maturing Oct. 18, 2027, and seeks bids for the same Sept. 17, a dealer told Informist. The bonds carry a fixed coupon of 9.0870%, payable annually.

The bonds, rated 'AA' by CARE Ratings, will be allotted Sept. 18. Bidding will take place on BSE's electronic bidding platform from 1000 IST to 1200 IST. 

GODREJ INDUSTRIES

The board of Godrej Industries Ltd. Sept. 16 approved the issuance of two non-convertible debentures worth up to INR 4.0 billion each, the company informed exchanges. The company will raise total funds aggregating to INR 8.0 billion through these NCDs on a private placement basis, the company said. 

For the June quarter, Godrej Industries reported a consolidated net profit of INR 3.49 billion on revenue of INR 44.60 billion.

LAST FORTNIGHT

==============

BAJAJ HOUSING FINANCE

The board of directors of Bajaj Housing Finance Ltd. has approved the allotment of 100,000 non-convertible debentures, each of INR 100,000 face value, aggregating to INR 10.00 billion, the company informed the exchanges Tuesday. The debentures, to be allotted on a private placement basis, will be listed on the BSE, the filing said.

The debentures have a tenure of 1,126 days and will mature on Oct. 28, 2028. The debentures carry a coupon of 7.10%. The first instalment for payment of coupon is on Oct. 16 and annually thereafter. 

Bajaj Housing Finance posted a net profit of INR 5.83 billion for the quarter ended June, up 21% on year.

LODHA DEVELOPERS

The board of Lodha Developers Ltd. approved an allotment of 35,000 non-convertible debentures of INR 100,000 each aggregating to INR 3.5 billion on a private-placement basis, the company informed exchanges Tuesday. The bond will have a coupon of 7.87% per annum, payable quarterly. The issue, which will mature on Sept. 15, 2029, will be listed on the wholesale debt market segment of the National Stock Exchange, the exchange filing said.

The payment will commence from Dec. 31. The redemption of the bond will be in 12 quarterly instalments commencing from Dec. 31, 2026. 

Lodha Developers reported a jump of 42% on year in its consolidated net profit for Apr-Jun to INR 6.8 billion.

KRAZYBEE SERVICES

KrazyBee Services Pvt. Ltd. plans tp raise up to INR 2.75 billion through issuance of bonds maturing Mar. 16, 2027, and has invited bids for the same Sept. 15, dealers told Informist. The issue has a base size of INR 1.75 billion and grenshoe of INR 1.00 billion. The bonds carry a coupon of 10.45%, payable quarterly.

The bonds, rated 'A' by Crisil Ratings, will be allotted Sept. 16. Bidding will take place on the BSE's electronic bidding platform from 1100 IST to 1400 IST.

LODHA DEVELOPERS

Lodha Developers Ltd. plans to raise INR 3.50 billion through issuance of bonds maturing on Sept. 15, 2029 and has invited bids for the same Monday, dealers told Informist. The bonds carry a fixed coupon of 7.87%, payable quarterly. The bonds, rated 'AA' by Crisil Ratings, will be allotted Sept. 16.

Bidding will take place on the National Stock Exchange's electronic bidding platform. The bonds have put and call options 18 months from the deemed date of allotment. The company has secured anchor investment of INR 1.05 billion from YES Bank. 

Lodha Developers had reported a 42% year-on-year jump in consolidated net profit for the June quarter to INR 6.8 billion. The consolidated revenue for the quarter rose 22.7% on year to nearly INR 35 billion due to project deliveries and pre-sales. At 1303 IST, shares of Lodha Developers traded 1.2% lower at INR 1,165.70 on the NSE.

UGRO CAPITAL

UGRO Capital Ltd. plans to raise up to INR 2 billion through bonds maturing on Mar. 15, 2031 and has invited bids for Sept. 12, dealers told Informist. The issue has a base issue and greenshoe of INR 1 billion each. The bonds carry a fixed coupon of 11.65%, payable monthly.

The bonds, rated 'A+' by India Ratings and Research, will be allotted on Sept. 15. Bidding will take place on the BSE's electronic bidding platform from 1400 IST to 1500 IST. For the quarter ended June, UGRO Capital reported a net profit of INR 341.30 million on revenue, up 12.4% on year. 

MINDSPACE BUSINESS PARKS REIT

Mindspace Business Parks REIT plans to raise INR 6.0 billion through the issuance of bonds maturing on Sept. 14, 2027, and has invited bids on Sept. 12, sources told Informist. The coupon for the issue is yet to be decided and will be payable quarterly. The bonds, rated 'AAA' by Crisil Ratings, will be allotted Sept. 15. 

Bidding will take place on the BSE's electronic bidding platform from 1400 IST to 1500 IST. ICICI Bank and Trust Investment Advisors Pvt. Ltd. are the arrangers for the issue. The issue has received anchor investment of INR 1.0 billion from HSBC Mutual Fund, INR 550 million from Aditya Birla Sun Life Mutual Fund, and INR 250 million from Mirae Asset Hybrid Equity Fund. 

BAJAJ HOUSING FINANCE

Bajaj Housing Finance Ltd. plans to raise up to INR 10 billion through issuance of bonds maturing Oct. 16, 2028, and has invited bids for the same Sept. 12, dealers told Informist. The coupon for the bond is yet to be decided and will be paid annually. The bonds, rated 'AAA' by Crisil Ratings, will be allotted Sept. 16. Bidding for the bonds will take place on the BSE's electronic bidding platform from 1030 IST to 1130 IST.

For the quarter ended June, Bajaj Housing Finance Ltd. posted a net profit of INR 5.83 billion, up 21% on year. The non-banking financial company's revenue from operations for the reporting quarter was up 18.4% on year at INR 26.16 billion.

INDIAN RENEWABLE ENERGY DEVELOPMENT AGENCY

Indian Renewable Energy Development Agency Ltd. set a coupon of 7.70% on its perpetual bonds Thursday and accepted bids aggregating to INR 4.53 billion, sources told Informist. According to the bid book accessed by Informist, the company received 65 bids aggregating to INR 13.43 billion in the coupon range of 7.55-8.04%. 

The issue had a base size of INR 1.00 billion and a greenshoe option of INR 4.00 billion. The bonds, rated 'AA+' by ICRA Ratings, will be allotted Sept. 15.

IREDA's net profit for Apr-Jun fell 36% on year to INR 2.47 billion. Sequentially, the company's net profit was down 51%.

TATA CAPITAL

Tata Capital Ltd. plans to raise up to INR 12.00 billion by reissuing two bonds of different maturities and has invited bids for the same Sept. 12, dealers told Informist. The company plans to raise up to INR 7.00 billion through the reissuance of bonds maturing on Jul. 19, 2028, at a coupon of 7.97%. The issue has a base size of INR 3.00 billion and greenshoe of INR 4.00 billion. 

Seperately, the company plans to raise INR 5.00 billion by reissuing bonds maturing on Apr. 8, 2030, at a coupon of 7.62%. The issue has a base size of INR 1.00 billion and greenshoe of INR 4.00 billion. 

The coupon is payable annually on both bonds. The bonds, rated 'AAA' by Crisil Ratings, will be allotted Sept. 15. Bidding will take place on National Stock Exchange's electronic bidding platforms. A.K. Capital Services Ltd., Axis Bank Ltd., PNB Gilts Ltd., Nuvama Wealth Management Ltd., and Trust Investment Advisors Pvt. Ltd. are said to be the arrangers for both the reissuances.

KOTAK MAHINDRA PRIME

Kotak Mahindra Prime Ltd. plans to raise INR 9.5 billion through the issuance of two bonds of different maturities and has invited bids for the same Sept. 12, sources told Informist. Bidding for both bond offerings will take place on the National Stock Exchange's electronic bidding platform from 1000 IST to 1100 IST. The company plans to raise INR 5.8 billion through bonds maturing Oct. 24, 2028. The bond carries a fixed coupon of 7.2880%, payable annually and it has received an anchor investment of INR 1.74 billion from HDFC Bank.

Separately, the company plans to raise INR 3.7 billion through bonds maturing on Sept. 22, 2028. The bond carries a fixed coupon of 7.2990%, payable annually. This issue also got an anchor investment of INR 1.10 billion from HDFC Bank. 

Both bonds are rated 'AAA' by ICRA Ratings and will be allotted Sept. 15. HDFC Bank is said to be the arranger for both the issuances. 

HDB FINANCIAL SERVICES
HDB Financial Services Ltd. plans a bond issuance of INR 5.00 billion and has invited bids for the same Sept. 11, dealers told Informist. The bonds, maturing on Aug. 4, 2028, carry a fixed coupon of 7.3274%. The bonds, rated 'AAA' by Crisil Ratings, will be allotted Sept. 12.

Bidding for the bonds will take place on the BSE's electronic bidding platform from 1100 IST to 1200 IST. For the quarter ended June, the company's net profit declined 2.4% on year to INR 5.68 billion. Its total revenue rose 15% on year to INR 44.65 billion. 

IIFL SAMASTA FINANCE 

IIFL Samasta Finance Ltd. plans to raise INR 1.0 billion by issuing three-year bonds maturing on Sept. 12, 2028 and has invited bids for the same Sept. 11, dealers told Informist. The bonds carry a fixed coupon of 9.65%, payable quarterly.

The bonds, rated 'AA-' by Crisil Ratings, will be allotted Sept. 12. Bidding will take place on the National Stock Exchange's electronic bidding platform. IIFL Samasta Finance, a subsidiary of IIFL Finance Ltd., is a microfinance institution that offers financial products to the unbanked sections of rural and semi-urban societies.

MUTHOOT MICROFIN 

Muthoot Microfin Ltd. plans to raise INR 1.00 billion through the issuance of two-year bonds maturing Sept. 12, 2027, and has invited bids for the same Sept. 11, dealers told Informist. The bonds carry a fixed coupon of 9.80%, payable quarterly. The bonds, rated "A+" by Crisil Ratings, will be allotted Sept. 12.

Bidding for the bonds will take place on the BSE's electronic bidding platform from 1100 IST to 1300 IST.

BAJAJ FINANCE

Bajaj Finance Ltd. raised INR 13.50 billion by issuing bonds maturing on Dec. 12, 2028, dealers told Informist. The bonds were issued at a coupon of 7.24%, payable annually. The issue had a base size and greenshoe of INR 10 billion each.

The bonds, rated 'AAA' by Crisil Ratings, will be allotted Sept. 12. Bajaj Finance's net profit for the June quarter rose over 20% on year to INR 47 billion.

MANIPAL HOSPITALS

Manipal Hospitals Pvt. Ltd. raised INR 37.17 billion through issuance of two-year bonds maturing Sept. 12, 2027, dealers told Informist. The bonds were issued at the coupon of 9.03%, payable annually.

The bonds carry a call option which can be exercised any time from the deemed date of allotment. The bonds, rated 'AA' by India Ratings and Research, will be allotted Sept. 12.

POONAWALLA FINCORP

The board of Poonawalla Fincorp Ltd. approved the allotment of non-convertible debentures worth INR 10.00 billion through private placement, the company informed stock exchanges. The board had approved the issuance of non-convertible debentures worth up to INR 15.00 billion on Sept. 4.

Poonawalla Fincorp had reported a net profit of INR 626 million for the June quarter, down over 78% on year, as impairment on financial instruments rose nearly six times. 

PIRAMAL FINANCE

Piramal Finance Ltd. plans to raise up to INR 7.50 billion by issuing bonds maturing on Aug. 11, 2028 and has invited bids for the same on Sept. 11, dealers told Informist. The issue has a base size of INR 1.25 billion and a greenshoe option of INR 6.25 billion. The bonds carry a fixed coupon of 8.80%, payable annually. The bonds, rated 'AA' by CARE Ratings, will be allotted Friday.

Bidding will take place on National Stock Exchange's electronic bidding platform from 1100 IST to 1200 IST. Trust Investment Advisors Pvt. Ltd. is the sole arranger for the issue. The company has got anchor investment of INR 375 million from LTIMindtree Ltd.

ADITYA BIRLA CAPITAL

Aditya Birla Capital plans to raise up to INR 40.00 billion through issuance of bonds maturing on Sept. 11, 2035, and has invited bids for the same Thursday, dealers told Informist. The issue has a base size and greeshoe of INR 20.00 billion each. The coupon for the bond is yet to be decided and will be payable annually. The bonds, rated 'AAA' by Crisil Ratings, will be allotted on Friday. Bidding will take place on the BSE's electronic bidding platform from 1030 IST to 1130 IST.   

For the quarter ended June, Aditya Birla Capital posted a consolidated net profit of INR 8.35 billion, up 10% on year. The company's assets under management rose 20% on year to INR 5.54 trillion as of Jun. 30. 

MINDSPACE BUSINESS PARKS REIT

Mindspace Business Parks REIT plans to raise INR 6.0 billion through the issuance of bonds maturing on Sept. 10, 2027, and has invited bids on Wednesday, sources told Informist. The bond carries a fixed coupon of 7.00%, payable quarterly. The bonds, rated 'AAA' by Crisil Ratings, will be allotted Thursday. 

Bidding will take place on the BSE's electronic bidding platform from 1000 IST to 1100 IST. ICICI Bank and Trust Investment Advisors are the arrangers for the issue. The issue has received anchor investment of INR 1 billion from HSBC Mutual Fund, INR 550 million from Aditya Birla Sun Life Mutual Fund, and INR 250 million from Mirae Asset Hybrid Equity Fund. 

SUNDARAM FINANCE

Sundaram Finance Ltd. plans to raise INR 10.00 billion by issuing bonds maturing on Sept. 10, 2027 and has invited bids for the same Wednesday, dealers told Informist. The bonds carry a fixed coupon of 7.05%, payable annually. The bonds, rated 'AAA' by ICRA ratings, will be allotted Thursday.

Bidding will take place on the National Stock Exchange. The non-banking finance company reported a standalone net profit of INR 4.29 billion for the June quarter, down 21.4% on quarter. Shares of the company closed over 2% higher at INR 4,569.00 on NSE.

BAJAJ FINANCE

Bajaj Finance Ltd. plans to raise up to INR 20.00 billion through Dec. 12, 2028 bond issue and has sought bids for the same Wednesday, dealers told Informist. The issue has a base size and a greeenshoe of INR 10 billion each.

The coupon for the bond will be decided and will be payable annually. The bonds, rated 'AAA' by Crisil Ratings, will be allotted Friday. Bidding will take place on BSE's electronic bidding platform. 

Bajaj Finance's net profit for the June quarter rose over 20% on year to INR 47 billion.

MANIPAL HOSPITALS

Manipal Hospitals Pvt. Ltd. plans to raise INR 53.10 billion through issuance of two-year bond maturing Sept. 12, 2027 and has invited bids for the same Wednesday, dealers told Informist. The coupon for the bond will be decided and will be payable annually. The bonds, rated 'AA' by India Ratings and Research, will be allotted Friday. 

Bidding will take place on the BSE's electronic bidding platform from 1015 to 1115 IST. The bonds carry a call option which can be exercised at any time from the deemed date of allotment.

IN SEPTEMBER

============

PNB HOUSING FINANCE LTD

PNB Housing Finance Ltd. plans to raise up to INR 50 billion by issuing non-convertible debentures on a private placement basis, the company informed the stock exchanges. The funds will be raised with or without a greenshoe option, in one or more tranches, it said.

PNB Housing Finance reported an over 21% rise in net profit for the June quarter to INR 5.32 billion. The company's bottom line was aided by a robust rise in interest income. However, the net profit fell 6.2% on quarter. On Friday, shares of the company ended at INR 791.70 on the National Stock Exchange, up 1.2% from the previous close.

IIFL FINANCE

IIFL Finance Ltd. plans to raise up to INR 3.00 billion through the issuance of perpetual bonds and has invited bids for the same on Sept. 8, dealers told Informist. The issue has a base size of INR 2.50 billion and a greenshoe option of INR 500 million. The bond carries a fixed coupon of 10.0%, payable annually.

Bidding will take place on BSE's electronic bidding platform from 1100 to 1200 IST. The bonds, rated 'AA-' by ICRA Ratings, will be allotted Sept. 9. The bonds carry a call option which can be exercised after 10 years from the date of allotment.  

360 ONE PRIME

360 One Prime Ltd. plans to raise up to INR 5.00 billion through the issuance of a two-year bond maturing on Sept. 9, 2027, and has invited bids for the same Sept. 8, dealers told Informist. The issue has a base size of INR 4.50 billion and a greenshoe option of INR 500 million. The bond carries a fixed coupon of 8.75%, payable annually. The bonds, rated 'AA' by ICRA Ratings, will be allotted Sept. 9. 

Bidding will take place on BSE's electronic bidding platform from 1030 to 1130 IST. The company has secured anchor investment of INR 600 million from Nippon India Mutual Fund Ltd., INR 300 million each from Axis Liquid Fund and Kotak Bonds, and INR 150 million from LIC Mutual Fund. 

KPI GREEN ENERGY

KPI Green Energy Ltd. plans to raise INR 6.70 billion through the issuance of a five-year green bond maturing Sept. 10, 2030, and has invited bids for the same Sept. 9, dealers told Informist. The bond carries a fixed coupon of 8.50%, payable quarterly. The bonds have been assigned provisional "Crisil AA+ (credit enhancement)" rating by Crisil Ratings and will be allotted Sept. 10. 

Bidding will take place on the National Stock Exchange's electronic bidding platform. SBI Capital Markets Ltd. is the sole arranger for the issue. The company has also secured anchor investment of INR 1.36 billion from Aseem Infrastructure Finance Ltd., INR 345 million from SBI Capital Markets, and INR 300 million from Jio Credit Ltd. At 1520 IST, shares of KPI Green Energy were down 0.4% at INR 487.35 on the NSE. 

ADITYA BIRLA CAPITAL

Aditya Birla Capital Ltd. plans to raise up to INR 40.00 billion by issuing bonds maturing on Sept. 7, 2035 and will seek bids for the same Sept. 9, dealers told Informist. The base size and greenshoe option of the issue are of INR 20.00 billion each.

The coupon on the bonds, payable annually, is to be decided. The bonds, rated 'AAA' by Crisil ratings, will be allotted Sept. 10. Bidding will take place on BSE's electronic bidding platform from 1030 IST to 1130 IST. 

POONAWALLA FINCORP

The board of Poonawalla Fincorp Ltd. approved the issuance of non-convertible debentures worth up to INR 15.00 billion, the company informed the stock exchanges. The funds will be raised on a private placement basis, the company said. 

Poonawalla Fincorp had reported a net profit of INR 626 million for the June quarter, down over 78% on year, as impairment on financial instruments rose nearly six times. At 1515 IST, shares of the non-banking finance company were 2.2% lower at INR 433.30 on the National Stock Exchange. 

CAN FIN HOMES

The board of Can Fin Homes Ltd. Sept. 3 approved the issuance of non-convertible debentures worth up to INR 100 billion in 2025-26 (Apr-Mar), the company informed exchanges. The funds will be raised on a private placement basis in one or more tranches, the company said. 

For the June quarter, Can Fin Homes' net profit stood at INR 2.24 billion. On Wednesday, shares of the company closed at INR 764.65, 1.3% higher on the National Stock Exchange. 

KRAZYBEE SERVICES

Krazybee Services Pvt. Ltd. plans to raise up to INR 1.00 billion through a paper maturing on Mar. 4, 2027, officials aware of the deal told Informist. The bonds will be alloted on Sept. 3 and the coupon is set at 11.20%. 

The coupon is payable quarterly. The bonds are rated 'A' by CARE ratings. SBI Cap Trustee Co. Ltd. is the sole arranger of the issue. 

VIVRITI CAPITAL

Vivriti Capital Ltd. plans to raise up to INR 5.00 billion through three different papers of different maturities, officials aware of the deal told Informist. The company plans to raise up to INR 2.00 billion through a bond maturing on Nov. 4, 2027 at a coupon of 9.15%.  

Separately, the company plans to raise INR 3.00 billion via two bonds of INR 1.50 billion each maturing on Nov. 4, 2026 and May 4, 2028 at a coupon of 9.00% and 9.25%, respectively. The coupon is payable quarterly on all three bonds. The three bonds are rated 'A+' by CARE Ratings and will be allotted Sept. 5.

CAN FIN HOMES

The board of Can Fin Homes Ltd. Sept. 3 will meet to consider raising funds by issuance of non-convertible debentures worth up to INR 100 billion on a private placement basis in one or more tranches, the company said in an exchange filing Sept. 2. 

For the June quarter, Can Fin Homes's net profit after tax stood at INR 2.24 billion. At 1342 IST, shares of Can Fin Homes traded at INR 746.90, 3.8% higher on the National Stock Exchange.

SMFG INDIA

SMFG India Credit Co. Ltd. plans to raise up to INR 5.00 billion through the issuance of five-year bonds maturing on Sept. 31, 2030, and has invited bids for the same Sept. 2, sources told Informist. The issue has a base size of INR 1 billion and a green shoe option of INR 4 billion. The issue carries a fixed coupon of 7.45%, payable annually. 

Bidding will take place on the National Stock Exchange's electronic bidding platform. The bonds, rated 'AAA' by Crisil Ratings, will be allotted Sept. 4. A.K. Capital Services Ltd. is the sole arranger for the issue.

The non-banking financial company is a wholly owned subsidiary of Sumitomo Mitsui Financial Group, which has recently acquired a stake in YES Bank. It has assets under management worth over INR 600 billion and a customer base of more than 3 million.

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

Edited by Nishant Maher

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.

Informist Media Tel +91 (22) 6985-4000 

Send comments to feedback@informistmedia.com

© Informist Media Pvt. Ltd. 2025. All rights reserved.