This company raises Rs 33,72 crore through allotment of commercial papers – Details here

These CPs have a tenor of 162 days, meaning they will mature on March 25, 2026. The issue has a yield of 8.50%, and IDBI Bank Limited has been appointed as the Issue Placement Agent (IPA).

Paisalo Digital Ltd., a small-cap NBFC company, has announced significant information in its latest exchange filing. The company stated that Paisalo Digital’s Operations and Finance Committees have allotted commercial papers due October 14, 2025. Providing information about the allotment of commercial papers, the company stated that these commercial papers were issued through private placement and are listed. The total number of commercial papers (CPs) allotted is 700, with each CP having a face value of ₹500,000 and an issue price of ₹481,822.50 per unit.

The company has raised a total of ₹33,72,75,750 through this issue, with a redemption value of ₹35 crore. These CPs have a tenor of 162 days, meaning they will mature on March 25, 2026. The issue has a yield of 8.50%, and IDBI Bank Limited has been appointed as the Issue Placement Agent (IPA).

The company also recently announced that certain Non-Convertible Debentures (NCDs), i.e., debentures that cannot be converted into shares, had been redeemed in full on schedule. These debentures had an interest rate of 9.95% and were secured and listed.

The series of these debentures was PDL042024 and the ISIN number was INE420C07106. The company stated that each debenture had a face value of ₹100,000. The company fully redeemed a total of 600 debentures on the due date, i.e., October 10, 2025, meaning their redemption was complete.

Simply put, the company has repaid its fixed loan, which was in the form of 600 debentures, on time. This demonstrates the company’s financial standing and is a positive sign for investors.

According to Trendlyne data, SBI Life held an 8.96% stake in Paisalo Digital, and LIC held a 1.12% stake as of June 2025.

Paisalo Digital is a small-cap NBFC that provides loans and other financial services to small and middle-class individuals in India. Founded in 1992, the company operates primarily in rural and semi-urban areas.