Power Finance Corporation Limited NCD Issue
Public Issue | ₹10,000.00 Cr | Listed on NSE
NCD Open
Fri, Jan 16, 2026
NCD Close
Fri, Jan 30, 2026
Tenure
5 months
NCD Details
| NCD Date | Jan 16, 2026 to Jan 30, 2026 |
| Basis of Allotment | <p>FIRST COME FIRST SERVE</p> |
| Face Value | ₹1,000.00 |
| Issue Size (Base) | ₹10,000.00 Cr |
| Total Issue Size | ₹10,000.00 Cr |
| Minimum Investment | ₹10,000.00 |
| Coupon Rate | 7.05% |
| Payment Frequency | Annual |
| Security Type | Secured |
| Issue Type | Public Issue |
| Credit Rating | AAA |
| Exchange | NSE |
Company Information
Company Overview
ncorporate in 1986, Power Finance Corporation Limited (PFC) is one of the leading financial institutions in India. It is focused on the power sector. PFC works with Government of India (GoI) agencies, state governments, power sector utilities, other power sector intermediaries, and private sector clients for the development and implementation of policies and structural and procedural reforms in the power sector in India.
PFC is registered with the RBI as a non-deposit taking systemically important NBFC. PFC was granted the 'Navratna' status by the GoI in 2007.
Business Model
PFC provides a range of financial products and other services including:
- Services ranging from project conceptualization to the post-commissioning stage, including generation (conventional and renewable), transmission and distribution projects, and related renovation and modernization projects;
- Various forms of fund-based assistance, including long-term project finance, short-term loans, buyers' lines of credit, underwriting of debt, and debt refinancing schemes;
- Various forms of non-fund-based assistance including default payment guarantees, credit enhancement guarantees, and letters of comfort; and
- Various fee-based technical advisory and consultancy services for power sector projects through our wholly-owned subsidiary PFC Consulting Limited.
Company Financials
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 1,222,628.83 | 1,178,086.50 | 1,038,877.38 | 896,111.86 |
| Total Income | 57,530.14 | 106,598.70 | 91,174.87 | 77,625.19 |
| Profit After Tax | 16,815.84 | 30,514.40 | 26,461.18 | 21,178.59 |
Amount in ₹ Cr
Use of Proceeds
The following are the objects of the Issue (collectively, referred to herein as the “Objects”) and the amount proposed to be financed from Net Proceeds:
- For the purpose of onward lending, financing / refinancing the existing indebtedness of our Company, and/or debt servicing (payment of interest and/or repayment / prepayment of interest and principal of existing borrowings of the Company).
- General Corporate Purposes.
Lead Managers & Registrar
Lead Manager: Nuvama Wealth Management Ltd.
Registrar: Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: pfcl.ncdipo@kfintech.com
Website: https://ipostatus.kfintech.com/
Description
Power Finance Corporation Limited NCD issue is a public issue of Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) , issued under a Shelf Prospectus of ₹10,000.00 Cr with a base issue size of ₹500.00 Cr and an option to retain oversubscription up to ₹4,500.00 Cr, aggregating to a total issue size of ₹[.] Cr. The NCDs are offered at a face value ₹1000 each and an issue price of ₹1000 per NCD.
The Power Finance Corporation Limited NCD issue opens on Jan 16, 2026 and closes on Jan 30, 2026. NCD are proposed to be listed on NSE.
The minimum lot size is 10 NCDs, requiring a minimum investment of ₹ 10,000 , while the market lot for trading is 1 NCD(s).
The issue offers interest rates ranging from 6.85% per annum to 7.05% per annum, depending on the series and tenure selected.
The NCDs have been rated as following - CARE Ratings Limited : AAA and Crisil Ratings Limited : AAA and ICRA Limited : AAA
Nuvama Wealth Management Ltd. is the Lead Manager to the issue, Beacon Trusteeship Ltd. is the Debenture Trustee, and Kfin Technologies Ltd. is the Registrar to the Issue.