Vivriti Capital Limited raises Rs. 500 crore through NCDs

Vivriti Capital Limited (“the Company” or “VCL”),which is registered with the RBI as a non-deposit taking systemically important non-banking financial company (NBFC-ND-SI), is proposing to open a public issue of secured, rated, listed, redeemable, non-convertible debentures (“NCD”) of face value of ₹ 1,000 each for an amount up to ₹ 250crore (“Base Issue Size”) with an option to retain oversubscription up to ₹ 250crore (“Green Shoe Option”), cumulatively aggregating up to 50 lakh NCDs for an aggregate amount of up to ₹ 500 crore (“Issue Size” or “Issue Limit”). The Public Issue of NCDs is scheduled to open on August 18, 2023 and close on August 31, 2023, with an option of early closure.The Public Issue comprises Series I to Series V with different tenure of interest payment and coupon rates.

VineetSukumar, Founder and Managing Director, Vivriti Capital Limited, said, "The maiden public issue of NCDs of Vivriti Capital Limited is a milestone in our growth journey.We manage a portfolio of INR 5,835.80croresand have provided debt solutions to over 194mid-corporates across various sectors. While we have grown our loan book strongly in the last few years, we have continued to maintain a healthy asset quality till date."

ParthSanghani, Chief Treasury Officer, Vivriti Capital Limited, added, "We benefit from a large and diversified mix of lenders, which has increased over the years and included 218 institutional lenders/investors as of March 31, 2023, comprising a range of financial institutions and corporates, as well as 1,740 individual investors to meet our capital requirements. We believe that we have been able to access a wide range of lenders due to our good corporate governance, stable credit ratings, conservative risk management policies, strategic liability management and transparent communication.”

The Company proposes to utilize at least 75 % of the total amount from net proceeds from the issue towards onward lending, financing and for repayment of interest and principal of existing borrowings of the Company and maximum up to 25% of the total amount from net proceeds from the issue towards general purpose expenses.