Prachay Capital NCD June 2026 Details & Guidance
Published: 05 June 2026 | 8.15 AM
Last Updated: 05 June 2026 | 3.30 PM
NCD Issue Opens on 05 June 2026
NCD Issue Closes on 18 June 2026
NCD Guidance is given at the bottom of the post
About the Company:
Founded in 2017, Prachay Capital Limited is an RBI-registered non-deposit taking Non-Banking Financial Company (NBFC) engaged in providing structured financial solutions primarily to real estate developers.
The company focuses on lending to mid-sized and large real estate projects and currently has a strong presence in Pune, Maharashtra. It plans to expand operations into additional markets including Hyderabad and Bhubaneswar.
Prachay Capital is part of the Prachay Group, which also operates Prachay Advisors, a boutique investment banking platform. The company aims to capitalize on opportunities in structured real estate financing where traditional funding avenues remain limited.
Get more details about the company @ https://www.prachay.com/
NCD Promoter:
Girish Murlidhar Lakhotiya is the promoter of the company.
NCD Rating
The NCDs proposed to be issued under this Issue have been rated BBB/Stable by Infomerics Valuation and Rating Private Limited.
Prachay Capital NCD June 2026 Detail
| Particular | Details |
|---|---|
| Issue Open | June 05, 2026 – June 18, 2026 |
| Security Name | Prachay Capital Limited |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Issue Size (Base) | Rs. 50.00 Crores |
| Issue Size (Oversubscription) | Rs. 50.00 Crores |
| Overall Issue Size | Rs. 100.00 Crores |
| Issue Price | Rs. 1000 per NCD |
| Face Value | Rs. 1000 each NCD |
| Minimum Lot Size | 10 NCD |
| Market Lot | 1 NCD |
| Listing At | BSE |
| Credit Rating | BBB/Stable by Infomerics |
| Tenor | 36 Months, 48 Months and 60 Months |
| Series | Series I to III |
| Payment Frequency | Monthly |
| Basis of Allotment | First Come First Serve Basis |
| Debenture Trustee | Catalyst Trusteeship Ltd. |
NCD Allocation Ratio
| Category | NCD’s Allocated |
| Institutional | 1% |
| Non-Institutional | 9% |
| HNI | 40% |
| Retail | 50% |
Prachay Capital Limited NCD Coupon Rates
| Particular | Series 1 | Series 2 | Series 3 |
| Frequency of Interest Payment | Monthly | Monthly | Monthly |
| Nature | Secured | Secured | Secured |
| Tenor | 36 Months | 48 Months | 60 Months |
| Coupon (% per Annum) | 12.25% | 12.50% | 12.75% |
| Effective Yield (% per Annum) | 12.96% | 13.24% | 13.52% |
| Amount on Maturity (In Rs.) | Rs. 1,000 | Rs. 1,000 | Rs. 1,000 |
Objects of the Issue
The Net Proceeds raised through the issue will be utilised for the following purposes:
• For onward lending – Rs. 71.58 crore
• General corporate purposes – Rs. 23.86 crore
Manner of Deployment
| Purpose | Amount (Rs. Cr.) |
| Onward Lending | 71.58 |
| General Corporate Purposes | 23.86 |
| Total | 95.43 |
Prachay Capital Limited Financial Information (Restated)
| Period Ended | 31 March 2025 | 31 March 2024 | 31 March 2023 |
| Assets | 371.60 | 313.20 | 233.93 |
| Revenue | 58.63 | 42.53 | 36.74 |
| Profit After Tax | 12.53 | 11.02 | 10.32 |
Amount in Rs. Crore
Address of the Company
Prachay Capital Limited
Office No. 1401/1402, 14th Floor, Next Gen Avenue Wing B, CTS No. 2850, S. No. 103, Bahiratwadi, Near ICC Tower, Senapati Bapat Road, Model Colony, Pune, Maharashtra – 411016
NCD Lead Managers
SKI Capital Services Limited
NCD Registrar
Kfin Technologies Limited
Prachay Capital NCD June 2026 Subscription Status
| Category | Subscription |
| Retail | 0.05x |
| HNI | 0.07x |
| Non-Institutional | 0.00x |
| Institutional | 0.00x |
| Today | 0.05x |
Prachay Capital NCD June 2026 Review:
Prachay Capital is a relatively young NBFC operating in the structured real estate financing segment. The company has reported steady growth in assets, revenue and profitability over the last three financial years.
The NCD offers attractive coupon rates ranging from 12.25% to 12.75% with effective yields reaching up to 13.52%, making it one of the higher-yielding NCD offerings currently available in the market.
However, investors should note that the NCD carries a BBB/Stable rating, which reflects only a moderate degree of safety and relatively higher credit risk compared with AA or AAA rated NCDs. The company’s business is also linked to the real estate sector, which can be cyclical and sensitive to economic conditions.
While the yields appear lucrative, the risk profile is significantly higher than many listed NBFC and housing finance company NCDs.
Chanakya View:
The attractive double-digit yield may appeal to investors seeking higher fixed income returns. However, the BBB rating and exposure to real estate financing increase the risk profile considerably.
Conservative investors should avoid this issue.
Only aggressive fixed-income investors who fully understand credit risk may consider limited exposure for diversification purposes.
👉 High Return Potential but High Risk.
👉 Subscribe Only If You Are Comfortable With BBB-Rated Debt Instruments.
👉 Risk-Averse Investors May Skip.
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