IndoStar Capital Finance Limited today announced the public issue of Secured Redeemable Non-Convertible Debentures (“NCDs”) of the face value of ₹ 1,000 each for an amount aggregating up to ₹ 30,000 Lakh. There are five series of NCDs carrying fixed coupons and having a tenure of 24 months, 36 months, 60 months, with annual, quarterly, and cumulative interest payment options. Coupon for NCDs ranges from 10.30% p.a. to 10.70% p.a*.

The issue is scheduled to open on Friday, September 6, 2024 and close on Thursday, September 19, 2024**, with an option of early closure or extension in compliance with the Securities and Exchange Board of India Issue and listing of (Non-Convertible Securities) Regulations 2021, as amended (“SEBI NCS Regulations”).

Allotment, in consultation with BSE Limited (the “Designated Stock Exchange”), shall be made on the basis of the date of upload of the application into the electronic book of BSE Limited. However, on the date of oversubscription and thereafter, the allotment shall be made to the applicants on a proportionate basis***

The offering will include up to 30,00,000 non-convertible debentures (“NCDs” or “Debentures”), each with a face value of ₹ 1,000. The base size issue is 15,000 Lakh (“Base Issue”), with an option to retain over-subscription up to an additional 15,000 Lakh (“Green Shoe Option”) aggregating up to ₹ 30,000 Lakh (“Issue” or “Issue Size”).

At least 90% of the net proceeds raised through this Issue will be used for the purpose of onward lending and Maximum 10% is proposed to be utilized for general corporate purposes.

The NCDs proposed to be issued under the Issue have been rated “CARE AA-/Stable” (pronounced as CARE Double A Minus; Outlook: Stable)”. Securities with this rating are considered to have high degree of safety regarding timely servicing of financial obligations. Such securities carry very low credit risk.

Nuvama Wealth Management Limited is the Lead Manager of this Issue. The NCDs will be listed on BSE Limited to provide liquidity to the investors.

The minimum application size for each application for NCDs would be ₹ 10,000 across all series collectively and in multiples of ₹ 1,000 thereafter.

The NCDs are available in tenors of 24 months, 36 months and 60 months with quarterly, cumulative and annual interest payment options across five series

Options	I	II	III@	IV	V
Nature	Secured	Secured	Secured	Secured	Secured
Tenure	24 Months	24 Months	36 Months	36 Months	60 Months
Frequency of Interest Payment	Annual	Cumulative	Quarterly	Annual	Annual
Minimum Application	₹ 10,000 (10 NCDs)
In multiples, of	1 NCD after minimum application
Face Value of NCDs (₹ /NCD)	₹ 1,000 (1 NCD)
Issue Price (₹ /NCD)	₹ 1,000 (1 NCD)
Mode of Interest Payment/ Redemption	Through various options available
Coupon (%) per annum for Debenture Holdersin Category I, II, III and IV	10.50%	NA	10.30%	10.70%	10.50%
Coupon Type	Fixed
Redemption Amount (₹ /NCD) for DebentureHolders in Category I, II, III and IV^^	1,000	1,221.03	1,000	1,000	1,000
Maturity/Redemption Date (from the DeemedDate of Allotment)	24 Months	24 Months	36 Months	36 Months	60 Months
Put and Call Option	Not Applicable

@Our Company would allot the Option III of NCDs, as specified in the Prospectus to all valid Applications, wherein the Applicants have not indicated their choice of the relevant Option of NCDs

^^Subject to applicable tax deducted at source, if any.