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DMI Finance Secures ’1,455 Crore Through Listed NCD Issue to Fuel Lending Growth
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CNBC TV18•23-09-2026, 16:03
DMI Finance Secures ’1,455 Crore Through Listed NCD Issue to Fuel Lending Growth
- •DMI Finance, a digital lending-focused NBFC, successfully raised ’1,455 crore via secured, listed non-convertible debentures (NCDs) through a private placement.
- •The NCD issue saw strong demand, with aggregate bids reaching ’1,630 crore, exceeding the amount raised.
- •Investors included mutual funds, alternative investment funds (AIFs), primary dealers, corporates, and family offices.
- •The NCDs, rated AA by ICRA, have tenures of up to 36 months, and the proceeds will support DMI Finance's lending portfolio growth and funding requirements.
- •DMI Finance aims to diversify its funding sources and increase participation in debt capital markets to meet customer credit needs and maintain its growth strategy.
Key Questions Answered
DMI Finance raised ₹1,455 crore through the issuance of secured, listed non-convertible debentures on a private placement basis, receiving aggregate bids of ₹1,630 crore.
The NCDs carry an ICRA rating of AA and have tenures of up to 36 months.
The proceeds will be utilized to support the growth of DMI Finance's lending portfolio and meet its overall funding requirements.
