GIC Housing Finance Limited Raises ₹175 Crore Through Secured Non-Convertible Debentures

GIC Housing Finance Limited disclosed that it has raised ₹175 crore by allotting 17,500 secured non-convertible debentures (NCDs) with a face value of ₹1 lakh each. The NCDs carry an interest rate of 7.65% per annum and are proposed to be listed on the BSE Limited, providing liquidity for investors.

The allotment, finalized on November 6, 2025, was based on the Board’s earlier resolution dated May 16, 2025. The institutional investors include Royal Sundaram General Insurance Co Ltd, UTI Asset Management Company Ltd, Darashaw & Co Pvt. Ltd, and Reliance General Insurance Company Ltd.

This fundraising strengthens GIC Housing Finance’s capital base, enabling greater disbursement of home loans and loan against property products, aligning with its strategy to expand retail housing finance offerings.

The company maintains a healthy capital adequacy ratio and a granular loan portfolio primarily focused on salaried borrowers, underscoring its prudent credit risk management.

Key Highlights:

Amount raised: ₹175 crore through secured NCDs

Number of NCDs allotted: 17,500, each ₹1 lakh face value

Interest rate: 7.65% per annum

Proposed listing on BSE Limited for tradability

Institutional investors included prominent insurance and asset management firms

Funds to support loan growth in retail housing finance

Strong capital position with prudent credit management

GIC Housing Finance’s successful secured NCD issuance reflects investor confidence and supports its growth in affordable housing finance.

Sources: ScanX Trade, GIC Housing Finance official, Moneycontrol