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Incorporated in 2017, Vivriti Capital Limited offers lending products to mid-market enterprises across the country. The company is registered with the RBI as a non-deposit-taking systemically important non-banking financial company (NBFC-NDSI).
Vivriti Capital offers term loans, working capital demand loans, co-lending with financial partners, securitization of receivables, direct assignment of receivables, supply chain finance, and subscription to bonds and commercial paper to entities that are either unrated or have ratings that do not permit them to have easy access to banking finance from urban/semi-urban areas.
The company's clientele includes mid-corporates in the business of healthcare, pharma, logistics, retail, trading, steel, auto, manufacturing, financial services, and fast-moving consumer goods. As of March 31, 2023, the company had total outstanding loan assets of ₹ 450,873.24 lakh and investments in bonds, securitizations, and commercial paper of ₹ 132,706.77 lacks.
Vivriti had an AUM of ₹ 583,580.01 lakhs as of March 31, 2023, and ₹ 381,686.09 lakhs as of March 31, 2022, across 194 mid-corporates and 13.21 lakh borrowers/clients through co-lending arrangements and 24 Anchors covering 183 MSME and nonMSME counterparties for supply chain finance as of March 31, 2023.
Vivriti Capital has a credit rating of A (stable outlook) by ICRA Limited and A (positive outlook) by CARE Ratings as of March 31, 2023. It has offices in the states of Tamil Nadu, Maharashtra, Karnataka, Rajasthan, and Delhi.
| Issue Open | August 18, 2023 - August 31, 2023 |
| Security Name | Vivriti Capital Limited |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Issue Size (Base) | Rs 250.00 Crores |
| Issue Size (Shelf) | Rs [.] Crores |
| Issue Price | Rs 1000 per NCD |
| Face Value | Rs 1000 each NCD |
| Minimum Lot size | 10 NCD |
| Market Lot | 1 NCD |
| Listing At | BSE |
| Credit Rating | ICRA A (Stable) by ICRA Limited and CARE A+ by CARE Ratings Limited |
| Tenor | 18 and 24 Months |
| Series | Series I to V |
| Payment Frequency | Monthly, Quarterly and Annually |
| Basis of Allotment | First Come First Serve Basis |
| Debenture Trustee/s | Catalyst Trusteeship Limited |
Category  |
NCD's Allocated |
|---|---|
| Institutional | 20% |
| Non-Institutional | 20% |
| HNI | 30% |
| Retail | 30% |
| Category |
NCD's Reserved |
|---|---|
| Institutional | 500,000 |
| Non-Institutional | 500,000 |
| HNI | 750,000 |
| Retail | 750,000 |
| Total NCD's | 2,500,000 |
Vivriti Capital Limited NCD Coupon Rates
| # | Series 1 | Series 2 | Series 3 | Series 4 | Series 5 |
|---|---|---|---|---|---|
| Frequency of Interest Payment | Monthly | Annual | Quarterly | Monthly | Annual |
| Nature | Secured | Secured | Secured | Secured | Secured |
| Tenor | 18 Months | 18 Months | 24 Months | 24 Months | 24 Months |
| Coupon (% per Annum) | 9.57% | 10.00% | 9.65% | 10.03% | 10.50% |
| Effective Yield (% per Annum) | 9.98% | 10.06% | 9.98% | 10.49% | 10.48% |
| Amount on Maturity (In Rs.) | Rs 1,000.00 | Rs 1,000.00 | NA | Rs 1,000.00 | Rs 1,000.00 |
The company has received a rating of ICRA A (Stable) by ICRA Limited and CARE A+ by CARE Ratings Limited for the NCDs proposed to be issued pursuant to this Issue.
Vineet Sukumar and Gaurav Kumar are the promoters of the company.
| Period Ended | 31 Mar 2020 | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 1,468.10 | 2,213.35 | 6,797.59 | 8,457.42 |
| Revenue | 148.85 | 245.67 | 2,417.28 | 703.59 |
| Profit After Tax | 9.63 | 14.42 | 1,579.09 | 134.89 |
| Net Worth | ||||
| Reserves and Surplus | ||||
| Total Borrowing |
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
The Vivriti Capital NCD August 2023 was subscribed 2.01 times on August 31, 2023 5:00:00 PM. The NCD subscribed 2.49 times in Retail, 1.98 times in HNI, 2.68 times in Non-Institutional, and 0.66 times in the Institutional category.
| Category ? | Subscription (times) |
|---|---|
| Retail | 2.49x |
| HNI | 1.98x |
| Non-Institutional | 2.68x |
| Institutional | 0.66x |
| Total | 2.01x |
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Vivriti Capital Limited
Prestige Zackria Metropolitan No. 200/1-8,
2nd Floor, Block -1, Annasalai
Chennai 600 002
Phone: +91 44 4007 4800
Email: contact@vivriticapital.com
Website: https://www.vivriticapital.com/
Integrated Registry Management Services Private Limited
2 nd Floor,
Ramakrishna Street, North Usman Road,
T. Nagar, Chennai - 600 017
Phone: + 91 44 2814 0801 to 803
Email: yuvraj@intergratedindia.in
Website: https://www.integratedindia.in/corporate-container.aspx?cpi
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