Rs 75 Cr Fundraising Move: Paisalo Digital Launches High-Return NCD Issue—All You Need To Know

Paisalo Digital Limited, a small-cap company in the NBFC sector, has announced the outcome of the Operations and Finance Committee meeting held on Friday, November 21, 2025, where the Board approved the issuance of up to 7,500 unsecured Non-Convertible Debentures (NCDs) through private placement on the EBP platform.

With a base issue of Rs 25 crore and a green shoe option of Rs 50 crore, each NCD has a face value of Rs 1,00,000, adding up to a total fundraising size of up to Rs 75 crore. With a 36-month term, a preliminary allotment date of December 9, 2025, and par redemption at maturity, the debentures are intended to be listed on BSE Limited.

A quarterly interest coupon worth 8.50% will be given to investors. In order to maintain security coverage of 1.10 times the principal outstanding, the NCDs will be secured by a charge on hypothecated loan receivables and any delayed payment will attract an additional coupon rate of 2% per annum.

This fundraising move came after the release of Paisalo Digital's financial results for the quarter ending September 30, 2025, which showed a robust jump in AUM of the company.

With AUM rising to Rs 5,449.4 crore from Rs 4,535.2 crore a year earlier, the firm did well in Q2FY26. Compared to Rs 5,230.2 crore, this is a 20% YoY improvement and a 4% QoQ growth. Disbursements climbed to Rs 1,102.5 crore, up 41% YoY and 45% QoQ, indicating an impressive business momentum. The total income climbed by 2% QoQ and 20% YoY to Rs 224 crore. Higher profitability was demonstrated by the net profit, which amounted to Rs 51.5 crore, up 3% YoY and 9% QoQ.

Asset quality was stable with very modest YoY and QoQ improvements, with Gross NPA at 0.81% and Net NPA at 0.65%. While NIM was steady at 6.5%, profitability ratios slightly declined, with ROA at 3.6% and ROE at 11.7%, both of which were at strong levels despite some compression from the prior quarter.

The company's entire area of operations expanded from 3,275 touchpoints in Q2FY25 to 4,380 touchpoints in 22 states as of Q2FY26. Whereas the customer franchise climbed by 1.8 million throughout the quarter, reaching a record of over 13 million. With more than 30 years of expertise in lending to underserved, financially excluded, and rising MSME/SME segments, Paisalo Digital is an NBFC company with a market cap of more than Rs 3,000 Cr.

Equilibrated Venture Cflow Pvt. Ltd., the promoter group entity of Paisalo Digital Limited, has released 8,14,09,002 pledged shares, representing 8.95% of the firm's total share capital, which were previously pledged as collateral for loans the company had taken out. On November 25, 2025, the disclosure was filed to the BSE and NSE in accordance with Regulation 31 of the SEBI (SAST) Regulations, 2011. The promoter's post-event encumbered stake, as per the release, is 7,89,09,002 shares (8.68%). The announcement relates to shares pledged in Anmol Industries Limited's favor, indicating a reduction in encumbrance and an increase in promoter trust.

According to Paisalo Digital Limited, the promoters have shown a major pledge to Paisalo's growth trajectory throughout the years. They have continuously made investments despite market downturns, demonstrating their strong faith in the company's core values and solidifying their relationship with its long-term vision. Promoter ownership jumped from around 26% in FY19 to over 37% in FY25 and then to 41.75% in the current fiscal year, reflecting this consistent effort.

"This sustained increase in ownership underscores the promoter group's continued belief in Paisalo's business model, governance, and execution capabilities, supporting the company's mission of driving responsible, tech-enabled credit delivery to MSMEs, micro-enterprises, and underserved borrowers across Bharat," said the NBFC company in a stock exchange filing.

The Operations and Finance Committee of Paisalo Digital Limited will convene on December 9, 2025, to discuss key fundraising options. Approving the allocation of Non-Convertible Debentures (NCDs) and examining a more comprehensive fund-raising proposal through the private placement of NCDs are on the agenda, according to the company's notification to the BSE and NSE.