The Non-Convertible Debentures issued by Vivriti Capital Limited starts from August 18th, 2023 to August 31st, 2023. This NCD has been rated ICRA A (Stable) by ICRA Limited and CARE A+ by CARE Ratings Limited.
Five separate series of NCDs are being issued, with terms varying 18 and 24 months and coupons ranging from 9.57 % p.a. to 10.50 % p.a. The maximum amount the company hopes to raise is Rs 250 crore with a Face value of Rs. 1000 each NCD and a minimum lot size of 10 NCD. The NCDs have a redeemable and secure nature. Let’s investigate more details and get into greater detail about this NCD issue.
About Vivriti Capital Limited
Established in 2017, Vivriti Capital Limited extends lending solutions to mid-market enterprises across India. The company holds RBI registration as a significant non-deposit-taking non-banking financial company (NBFC-NDSI).
Vivriti Capital offers a spectrum of financial products including term loans, working capital demand loans, co-lending partnerships, securitization, supply chain finance, and investment in bonds and commercial paper. These offerings serve entities without easy access to banking finance due to either unrated status or limited ratings, primarily in urban/semi-urban areas. Their clientele spans various sectors such as healthcare, pharma, logistics, manufacturing, and more. As of March 31, 2023, Vivriti Capital held outstanding loan assets of ₹450,873.24 lakh, investments in bonds, securitizations, and commercial paper of ₹132,706.77 lakhs, and an AUM of ₹583,580.01 lakhs.
With credit ratings of A (stable outlook) by ICRA Limited and A (positive outlook) by CARE Ratings, Vivriti Capital operates across multiple states including Tamil Nadu, Maharashtra, Karnataka, Rajasthan, and Delhi.
Vivriti Capital Limited NCD 2023 – Issue Details
| Issue Type | Secured, Redeemable, Non-Convertible Debentures |
| Issue Company | Vivriti Capital Limited |
| Issue Open | August 18th, 2023 |
| Issue Close | August 31st, 2023 |
| Coupon Rate (ROI) | 9.57 % p.a. to 10.50 % p.a. |
| Face Value | Rs. 1000 |
| Issue Price | Rs. 1000 |
| Issue Size | Base – Rs. 250.00 Cr. |
| Minimum Order Quantity | 10 NCDs (Rs. 10,000) |
| Listing | BSE |
| Listing Date | Within 6 Working Days of Issue Closing Date |
Vivriti Capital Limited NCD 2023 – Objects of the Issue
The proceeds from the Issue will be used as follows, as stated by the company:
- Onward lending, financing, and repayment of interest and principal of existing borrowings of the company.
- General Corporate Purposes.
Power Finance Corporation Limited NCD Issue Ratings
This NCD issue has been rated ICRA A (Stable) by ICRA Limited and CARE A+ by CARE Ratings Limited.
Vivriti Capital Limited – Company Contact Details
- Address: Prestige Zackria Metropolitan No. 200/1-8, 2nd Floor, Block -1, Annasalai, Chennai 600 002
- Telephone: +91 44 4007 4800
- Website: https://www.vivriticapital.com/
Vivriti Capital Limited NCD 2023 – Lead Manager of the Issue
The lead manager for this NCD issue is Jm Financial Limited.
Vivriti Capital Limited NCD 2023 – Registrar of the Issue
The registrar of this NCD issue is Integrated Registry Management Services Private Limited.
Vivriti Capital Limited NCD 2023 – Debenture Trustee
The trustee of this debenture issued by Vivriti Capital Limited is Catalyst Trusteeship Limited.
Issue Documents
Please click here to read the final issue prospectus for detailed information on Vivriti Capital Limited NCD issue 2023.
Disclaimer: This post is just information about the scheme. It does not give any advice or recommendation. Investment in securities is subject to market risk. Please read the offer document carefully before investing. It is also advised to consult your financial advisor of necessary suggestions.
