Comparison between Power Finance NCD Tranche I January 2026 and Prachay Capital December 2025 NCD.
Power Finance NCD Tranche I January 2026 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at NSE while Prachay Capital December 2025 NCD is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.
| Power Finance Corporation Limited | Prachay Capital Ltd. | |
|---|---|---|
| Logo |  |  |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Listing At | NSE | BSE |
| Basis of Allotment | First Come First Serve Basis | First Come First Serve Basis |
| DRHP (Base) | DRHP  | DRHP |
| RHP (Base) | RHP | RHP |
| DRHP (Shelf) | DRHP (Shelf) | |
| RHP (Shelf) | ||
| NCD Rating | ||
| Registrar | Kfin Technologies Ltd. | Kfin Technologies Ltd. |
| Lead Managers | Trust Investment Advisors Pvt.Ltd. Tipsons Consultancy Services Pvt.Ltd. A.K.Capital Services Ltd. Nuvama Wealth Management Ltd. | Kreo Capital Pvt.Ltd. |
| Debenture Trustees | Beacon Trusteeship Ltd. | Catalyst Trusteeship Ltd. |
| NRI Allowed | No | No |
| Allotment Link |
Comparison between Issue size, Issue price, Face value, Market lot and other details of the NCDs. Power Finance NCD Tranche I January 2026 issue size is ₹500.00 Cr at an issue price of ₹1,000.00 per NCD. Prachay Capital December 2025 NCD issue size is ₹75.00 Cr at a issue price of ₹1,000.00 per NCD.
| Power Finance Corporation Limited | Prachay Capital Ltd. | |
|---|---|---|
| Issue Size (Base) | ₹500.00 Cr | ₹75.00 Cr |
| Issue Size (Shelf) | ₹10,000.00 Cr | |
| Issue Price | ₹1,000.00 per NCD | ₹1,000.00 per NCD |
| Face Value | ₹1,000.00 per NCD | ₹1,000.00 per NCD |
| Minimum Lot size | 10 NCD | 10 NCD |
| Market Lot | 1 NCD | 1 NCD |
| Credit Rating | CARE Ratings Limited : AAA Crisil Ratings Limited : AAA ICRA Limited : AAA | Crisil Ratings Limited : BBB- |
| Tenor | ||
| Series | ||
| Payment Frequency |
Offering period of Power Finance NCD Tranche I January 2026 and Prachay Capital December 2025 NCD is mentioned.
| Power Finance Corporation Limited | Prachay Capital Ltd. | |
|---|---|---|
| Bid/Offer Opens On | Jan 16, 2026 | Dec 11, 2025 |
| Bid/Offer Closes On | Jan 30, 2026 | Dec 24, 2025 |
In Power Finance NCD Tranche I January 2026 QIBs portion includes 5,00,000 shares and 20,00,000 shares offered are offered to retail investors. In Prachay Capital December 2025 NCD QIBs portion includes 7,500 shares and 67,500 shares offered are offered to retail investors.
| Power Finance Corporation Limited | Prachay Capital Ltd. | |
|---|---|---|
| Institutional | 5,00,000 shares | 7,500 shares |
| Non Institutional | 5,00,000 shares | 3,75,000 shares |
| HNI | 20,00,000 shares | 3,00,000 shares |
| Retail | 20,00,000 shares | 67,500 shares |
| Others | ||
| Total | 50,00,000 shares | 7,50,000 shares |
