DMI Finance Private Limited has successfully raised ₹1,455 crore through the private placement of secured, listed Non-Convertible Debentures (NCDs). High institutional appetite pushed total bids to ₹1,630 crore, demonstrating strong market participation.
DMI FINANCE NCD ISSUANCE AT A GLANCE
+-----------------------------+-------------------------------------------------------+
| Total Capital Raised | ₹1,455 Crore |
| Aggregate Bids Received | ₹1,630 Crore |
| Credit Rating | AA by ICRA |
| Maturity Period | Up to 36 Months |
| Structuring Advisor | Morgan Stanley |
+-----------------------------+-------------------------------------------------------+
The issue attracted a diverse pool of market players, including mutual funds, alternative investment funds (AIFs), primary dealers, corporate treasuries, and family offices. Global financial firm Morgan Stanley served as the advisor for structuring the debenture issuance.
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Capital Deployment and Strategic Focus
The newly acquired capital carries a credit rating of AA from ICRA and features flexible tenures extending up to 36 months. DMI Finance will allocate these funds directly toward expanding its primary lending operations and fulfilling upcoming capital needs.
Shivashish Chatterjee, Co-founder and Managing Director of DMI Finance, emphasized the strategic importance of the funding line:
“This transaction reflects the continued confidence of institutional investors in DMI Finance and our long-term growth strategy. As we scale our business, maintaining a diversified and resilient funding profile remains an important priority for us. The capital raised will support our ability to meet the evolving credit needs of our customers while maintaining a disciplined approach to growth and risk management.”
Broadening Institutional Debt Access
This NCD issuance aligns with DMI Finance’s broader strategy to expand its capital sources and strengthen relationships across the domestic debt capital market. By maintaining balanced funding streams across commercial banks, financial institutions, and capital market investors, the non-banking financial company (NBFC) continues to build liquidity to support its growing loan portfolio.
