By Mary-Katherine Stinson
Lexington, Ky., Nov. 8 – EarlySalary Services Pvt. Ltd., a Fibe Group company, said it raised Rs. 30 crores through a non-convertible debentures offering (CARE Ratings Ltd.: BBB+), according to a notice.
The company’s debut offering on the Bombay Stock Exchange was fully subscribed through private placement on the first day of subscription. A greenshoe option of Rs. 19 crores was also fully subscribed.
The debentures have a face value of Rs. 1 lakh each. The issue has a maturity date of March 18, 2025.
The non-convertible debentures have been listed on the Bombay Stock Exchange since Sept. 22.
AK Capital Services Ltd. was the sole arranger for the bond issuance.
Pune, India-based EarlySalary is an Indian consumer lending app.
| Issuer: | EarlySalary Services Pvt. Ltd.
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| Amount: | Rs. 30 crores
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| Greenshoe: | Rs. 19 crores
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| Issue: | Non-convertible debentures
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| Maturity: | March 18, 2025
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| Bookrunner: | AK Capital Services Ltd.
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| Listing date: | Sept. 22
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| Ratings: | CARE Ratings Ltd.: BBB+
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