Power Finance Corporation NCD Set to Close Tomorrow January 30: Minimum Investment of ₹10,000

Power Finance Corporation Limited (PFC) had launched a public issue of Secured, Redeemable, Non-Convertible Debentures (NCDs) under a Shelf Prospectus aggregating up to ₹10,000 crore. The current tranche has a base issue size of ₹500 crore, with an option to retain oversubscription up to ₹4,500 crore

PFC NCD Issue Details

Each NCD has a face value and issue price of ₹1,000. The issue will open for subscription on January 16, 2026, and close on January 30, 2026. The NCDs are proposed to be listed on the National Stock Exchange (NSE).

The minimum application size is 10 NCDs, translating to a minimum investment of ₹10,000, while the trading lot on the exchange will be 1 NCD. The issue offers attractive interest rates ranging from 6.85% p.a. to 7.05% p.a., depending on the selected series and tenure.

Nuvama Wealth Management Ltd. is acting as the Lead Manager to the issue, Beacon Trusteeship Ltd. has been appointed as the Debenture Trustee, and KFin Technologies Ltd. is the Registrar to the Issue.

Objects of the Issue

The net proceeds from the issue are proposed to be utilised for the following purposes

• Onward lending and financing activities
• Refinancing existing borrowings and servicing debt obligations, including payment of interest and repayment or prepayment of principal
• General corporate purposes

About Power Finance Corporation Limited

Established in 1986, Power Finance Corporation Limited is one of India’s premier financial institutions dedicated to the power sector. PFC works closely with the Government of India, state governments, power utilities, public and private sector entities, and other stakeholders to support policy development and structural reforms in India’s power ecosystem.

PFC is registered with the Reserve Bank of India as a systemically important non-deposit-taking NBFC and was accorded Navratna status by the Government of India in 2007.

Also Read: Parmeshwar Recycling Receives Exchange Approval for IPO Launch

The company offers a comprehensive suite of financial and advisory services, including:

• End-to-end support for power projects, from conceptualisation to post-commissioning, covering generation (both conventional and renewable), transmission, distribution, and renovation & modernisation projects
• Fund-based assistance, such as long-term project finance, short-term loans, buyers’ credit, debt underwriting, and refinancing solutions
• Non-fund-based facilitie,s including payment guarantees, credit enhancement, and letters of comfort
• Technical advisory and consultancy services through its wholly owned subsidiary, PFC Consulting Limited

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.