Fundraising Details
Regency Fincorp Limited has raised two issuances of Secured, Rated and Listed Non-Convertible Debentures (NCDs) through private placement:
First Issuance:
- Issue Size: ₹50 crore
- Units: Up to 50,000 units
- Face Value: ₹10,000 per unit
- Coupon Rate: 13% per annum
- Payment Frequency: Payable monthly
- Tenure: 36 months
- Security Cover: 1.35x security cover including secured receivables
Second Issuance:
- Issue Size: ₹60 crore
- Units: Up to 60,000 units
- Face Value: ₹10,000 per unit
- Coupon Rate: 13.50% per annum
- Payment Frequency: Payable monthly
- Tenure: 15 months
- Security Cover: 1.25x security cover
Total Fundraise
Aggregate potential fundraise: ₹110 crore
Purpose of Fundraise
The issuances are aimed at strengthening the Company's funding base and supporting its growth plans. The funds will provide greater financial flexibility to pursue sustainable portfolio growth while maintaining disciplined approach to risk, asset quality and responsible lending.
Management Commentary
Mr. Gaurav Kumar, Managing Director, stated that this marks an important step in strengthening Regency Fincorp's funding profile and enhancing the company's ability to support continued growth of its lending franchise. The secured and rated structure reflects confidence of funding partners in the business model and credit discipline.
Business Focus
The Company will continue to focus on strengthening its funding profile and supporting sustainable growth across its lending franchise, particularly serving MSMEs, retail customers and emerging businesses.
Company Background
Regency Fincorp Limited is a non-banking financial company (NBFC) engaged in providing a range of financial products and lending solutions designed to meet the needs of retail customers, MSMEs, and emerging businesses.
Company Address
SCO 6, Upper Ground Floor LA MER, PR-7, Airport Road, Zirakpur 140603, Punjab
Contact: +91 7717593645