Capri Global Capital , a prominent non-banking financial company (NBFC), has announced an ambitious plan to raise ₹65.00 billion (approximately $732.90 million) through a combination of bonds and loans in the current financial year. This strategic move aims to fuel the company's loan book expansion and support its aggressive branch network growth.

Fundraising Progress and Plans

The company has already made significant strides in its fundraising efforts, having successfully raised ₹18.00 billion in the first half of the fiscal year, spanning from April to September. Capri Global Capital is now setting its sights on raising an additional ₹47.00 billion in the latter half of the fiscal year to meet its target.

Upcoming Bond Issue

As part of its fundraising strategy, Capri Global Capital is preparing to launch a public bond issue next week. The company aims to raise approximately ₹4.00 billion through this issuance. The bonds will offer investors a range of maturity options, from 18 months to 10 years, catering to diverse investment preferences.

Bond Ratings and Management

The bonds have received 'AA' ratings from both Infomerics and Acuite Ratings, indicating a high degree of safety regarding timely servicing of financial obligations and very low credit risk. Trust Investment Advisors has been appointed as the lead manager for this bond issue, overseeing the process and ensuring smooth execution.

Future Fundraising Outlook

Looking ahead, Capri Global Capital has outlined plans to raise between ₹10.00-15.00 billion through bond issuances over the next six months. The company remains open to the possibility of launching another public issue, with the decision contingent on the market response to the upcoming bond offering.

Expansion Plans

The proceeds from this extensive fundraising initiative will be primarily directed towards two key areas:

1. Loan Book Expansion: A significant portion of the funds will be allocated to grow the company's loan portfolio, enabling it to meet the increasing credit demand in its target markets.

2. Branch Network Growth: Capri Global Capital plans to establish 200 new branches, substantially expanding its physical presence and enhancing its ability to serve a broader customer base.

This comprehensive fundraising plan underscores Capri Global Capital's commitment to growth and its confidence in the market opportunity for NBFCs in India. As the company embarks on this significant expansion, it is poised to strengthen its position in the financial services sector and capitalize on the evolving credit landscape in the country.

Investors and market observers will be closely watching the success of the upcoming bond issue and the company's progress towards its ambitious ₹65.00 billion fundraising goal.

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.