Paisalo Digital to Raise Up to Rs 100 Crore via Secured NCDs in Private Placement

Paisalo Digital Ltd cleared a plan to raise up to Rs 100 crore through secured Non-Convertible Debentures. The Operations and Finance Committee took the decision in its meeting on March 11, 2026. The company said the funds were meant for lending needs and wider business growth. The issue was set to run through a private placement route.

The company planned to place the issue on the Electronic Book Provider platform. The structure included a base size of Rs 50 crore. It also carried a green shoe option of Rs 50 crore for extra demand. In total, Paisalo Digital could issue up to 1,00,000 secured NCDs. Each NCD carried a face value of Rs 10,000.

The secured NCDs carried a 30-month tenor from the allotment date. Paisalo Digital fixed March 18, 2026 as the initial allotment date. The debentures were planned to list on BSE Limited. Redemption was due at the end of the 30-month period. Investors were set to receive monthly interest payments.

The coupon rate on the Non-Convertible Debentures was 9.25% per year. Paisalo Digital also committed to maintain security cover of at least 1.10 times. This cover was measured against the outstanding debenture amount. The following table summarises the main terms released by the company.

Item	Detail
Instrument	9.25% secured Non-Convertible Debentures (private placement via EBP)
Base issue size	Rs 50 crore
Green shoe option	Rs 50 crore
Total possible size	Up to Rs 100 crore
Maximum NCD count	Up to 1,00,000
Face value	Rs 10,000 per NCD
Tenor	30 months
Initial allotment date	March 18, 2026
Interest payments	Monthly
Listing	BSE Limited
Security cover	At least 1.10 times of outstanding amount

After the update, Paisalo Digital (PAISALO) traded at Rs 32.45 in the afternoon session on March 12, 2026. That was 0.85% lower than the prior close. During the session, the share moved in a narrow band. It rose to Rs 32.55 intraday and slipped to Rs 32.00 on the NSE.

Paisalo Digital had a market capitalisation of about Rs 2,954 crore. The price stayed nearer the 52-week low of Rs 29.38 than the high of Rs 41.70. The 52-week high came on September 18, 2025. The 52-week low was recorded on June 20, 2025. At Rs 32.50, it was 10.6% above the low.

The same Rs 32.50 level remained Rs 9.20 below the 52-week high. That placed the stock about 22% down from its peak in the period. Separately, Infomerics Ratings reviewed the company’s facilities on March 3, 2026. The company reported Gross NPA of 0.83% in Q3 FY26. It also said asset quality stayed solid.

Paisalo Digital Limited (PAISALO) was founded in 1992 and operated as an NBFC. The company was headquartered in Agra, India. By December 2025, assets under management stood at Rs 5,508 crore. With the proposed Non-Convertible Debentures, the company aimed to add resources for lending, while keeping the issue secured and listed.