Capri Global Capital Ltd — Maiden NCD Issue Oversubscribed 2.26×
Overview
As of October 7, 2025, the Capri Global Capital Ltd maiden Non-Convertible Debenture (NCD) issue was fully subscribed and closed early—reflecting strong investor confidence in the company’s credit profile and growth outlook.
The issue, originally slated to close on October 14, 2025, was withdrawn ahead of schedule following robust demand across all investor segments.
Final Subscription Status
The NCD issue was oversubscribed across all investor categories:
• Allotment will follow the process laid out in the prospectus; certain series may be allotted on a first-come basis.
• Registrar: MUFG Intime India Pvt. Ltd. (they will publish allotment status and handle refund / issuance).
Key Issue Details
• Issue Dates: Opened on September 30, 2025, closed early on October 7, 2025
• Total Issue Size: ₹400 crore (Base issue ₹200 crore + Greenshoe ₹200 crore)
• Face Value: ₹1,000 per NCD
• Minimum Application: 10 NCDs (₹10,000)
• Listing: BSE Debt Market Platform
• Basis of Allotment: First come, first served, with proportional allotment for oversubscribed categories
• Issue Managers : Trust Group
• Registrar: MUFG Intime India Pvt Ltd
Credit Ratings & Security
• Acuite Ratings: AA / Stable
• Infomerics Valuation and Rating: AA / Positive
• Security: Secured against receivables and collateral, with a security cover of ~1.10×
Purpose & Use of Proceeds
Funds raised will be used for:
• Expansion of lending portfolio (MSME, housing finance, construction finance, gold loans)
• Refinancing existing debt
• General corporate purposes
Company & Business
Capri operates as an NBFC with exposure across MSME, housing, gold, construction finance, and fee-based lending.
• The company has been growing its loan book aggressively and aims to raise medium-term capital to support further expansion.
• The NCD proceeds will be deployed to support lending business, refinance existing debt, and general corporate purposes.
Investor Takeaways
The strong oversubscription (2.26× overall) demonstrates broad market confidence in Capri Global’s diversified NBFC model and prudent balance sheet management.
The attractive coupon range of 8.55–9.70%, combined with a AA-rated secured structure, offers investors a stable income option amid moderate interest rate volatility.
