Paisalo Digital Secures ₹100 Crore Fundraising via Debentures with Green Shoe Option

Paisalo Digital Raises ₹100 Crore via Debentures

Paisalo Digital, a small-cap non-banking finance company (NBFC), has announced the approval of its board to issue debentures worth ₹100 crore. The issue consists of a base offer of ₹50 crore and a green shoe option of another ₹50 crore in case of oversubscription. The coupon rate on the debenture is 9.25%, and it is non-convertible in nature.

Key Details of the Fundraise

• Face value: ₹10,000 per debenture
• Number of debentures: Up to 1 lakh units
• Aggregate value: ₹100 crore
• Coupon rate: 9.25%
• Tenure: 30 months
• Listing: Proposed listing on the BSE
• Allotment: Allotted on March 18, with redemption at the end of 30 months
• Interest payment: Monthly coupon payment

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Recent Financial Performance

For the third quarter of the ongoing financial year, Paisalo Digital posted a steady growth in profit and revenue, with a 6% year-on-year increase in profit after tax (PAT) to ₹66.3 crore. The total income saw an 18% increase to ₹240 crore, while the total assets under management (AUM) jumped 16% YoY to ₹5508.2 crore.

Share Price Trend

The shares of Paisalo Digital, part of SBI Life's portfolio, have remained under pressure in the last two years, losing 11% year-to-date (YTD), 15% in six months, 10% in a year, and 63% in two years. The share price ended 1.58% down on the BSE today, March 11, at ₹32.45 amid a sharp decline in the Indian stock market's benchmark indices due to the Middle East conflict.

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