Capri Global Capital Limited (CGCL) has made a significant move in the debt market, announcing a public issuance of secured, rated, listed, redeemable non-convertible debentures (NCDs) worth up to ₹4,000.00 million. This strategic financial decision comes on the heels of the company receiving strong credit ratings from multiple agencies, signaling robust market confidence in its financial health.

NCD Issue Details

The NCD issue comprises a base size of ₹2,000.00 million with a green shoe option of an additional ₹2,000.00 million. Key features of the issue include:

• Face value: ₹1,000.00 per debenture
• Issue opening date: September 30, 2025
• Issue closing date: October 14, 2025
• Tenor options: Six series ranging from 18 months to 120 months
• Coupon rates: Varying between 8.55% to 9.70% per annum
• Minimum application amount: ₹10,000.00 across all series

The NCDs will be listed on BSE Limited and are secured by a first pari-passu charge on the company's standard receivables, loan book, and unencumbered cash and bank balances.

Credit Ratings Boost

Capri Global Capital's financial standing has been further solidified by recent credit rating assignments:

1. Acuite Ratings: 'ACUITE AA | Stable'
2. Infomerics Valuation: 'IVR AA/ Positive'
3. India Ratings and Research Pvt Ltd: 'IND AA-/Stable' for Bank Loan Facilities

The 'AA' ratings from multiple agencies reflect a high degree of safety regarding timely servicing of financial obligations and very low credit risk, potentially making the NCD issue attractive to investors.

Recent Developments

In a separate announcement, CGCL disclosed that India Ratings and Research Pvt Ltd has assigned a rating of 'IND AA-/Stable' (IND Double A Minus with Stable outlook) for its Long Term Bank Facilities amounting to ₹200.00 crore. This rating was received on September 22, 2025, and further underscores the company's strong financial position.

Market Implications

The successful launch of this NCD issue could significantly enhance Capri Global Capital's liquidity position and support its growth plans. The varied tenor options and competitive interest rates are likely to appeal to a wide range of investors, from those seeking short-term investments to others looking for long-term, stable returns.

As the financial services sector continues to evolve, Capri Global Capital's move to raise funds through NCDs, backed by strong credit ratings, positions it well to capitalize on market opportunities and strengthen its foothold in the industry.

Investors and market watchers will be keenly observing the response to this NCD issue, as it could set a precedent for similar offerings in the non-banking financial company (NBFC) sector.

Capri Global Capital Limited (CGCL) has taken a significant step towards raising funds through the debt market. The company's Management Committee has approved a draft prospectus for issuing non-convertible debentures (NCDs) worth ₹400 crore, marking an important development in its financial strategy.

Key Details of the NCD Issue

Regulatory Compliance and Transparency

The company has demonstrated its commitment to regulatory compliance and transparency by taking the following steps:

1. Filed the draft prospectus with BSE Limited
2. Forwarded the document to the Securities and Exchange Board of India (SEBI)
3. Made the draft prospectus accessible on the company's website (capriloans.in)

Management Committee's Role

The Management Committee of Capri Global Capital Limited played a crucial role in this process. Through a Circular Resolution passed on September 18, 2025, the committee approved and adopted the draft prospectus for the NCD issuance.

Broader Financial Context

This ₹400.00 crore NCD issue is part of a larger ₹1,000.00 crore debt issuance plan that was previously approved by CGCL's Board of Directors on June 30, 2025. This suggests that the company may be planning to raise additional funds through similar instruments in the future, up to the approved limit.

Investor Information

Potential investors and stakeholders can access the draft prospectus on the company's website for detailed information about the NCD issue. This transparency allows for thorough evaluation of the investment opportunity.

Market Implications

The decision to issue NCDs indicates that Capri Global Capital is leveraging the debt market to raise capital, which could be used for various purposes such as expansion, refinancing existing debt, or strengthening the company's financial position. The success of this issue may impact the company's future funding strategies and financial health.

As the process moves forward, investors and market watchers will likely keep a close eye on the final terms of the NCDs and the market response to this offering from Capri Global Capital Limited.