[.]| Listing at BSE | Fri, Aug 18, 2023 - Thu, Aug 31, 2023
Vivriti Capital Ltd. NCD issue is a public issue of secured, redeemable, non-convertible debenture , issued under a Shelf Prospectus of ₹[.] Cr with a base issue size of ₹250.00 Cr and an option to retain oversubscription up to ₹[.] Cr, aggregating to a tranch issue size of ₹[.] Cr. The NCDs are offered at a face value ₹1000 each and an issue price of ₹1000 per NCD.
Vivriti Capital Ltd. NCD issue opens on Aug 18, 2023 and closes on Aug 31, 2023. NCD are proposed to be listed on BSE.
The minimum lot size is 10 NCDs, requiring a minimum investment of ₹ 10,000 , while the market lot for trading is 1 NCD.
The issue offers interest rates ranging from 9.57% per annum to 10.50% per annum, depending on the series and tenure selected.
The NCD has been rated: .
JM Financial Ltd. is the Lead Manager to the issue, Catalyst Trusteeship Ltd. is the Debenture Trustee, and Integrated Registry Management Services Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the NCD Offer Document for detailed information on risk factors, financials, and the terms of the issue.
Open Date
Fri, Aug 18, 2023
Close Date
Thu, Aug 31, 2023
Issue Size (Overall)
[.]
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 |
| 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 |
Vineet Sukumar and Gaurav Kumar are the promoters of the company.
| Category | Allocated (%) | Shares Reserved |
|---|---|---|
| Institutional | 20.00% | 5,00,000 |
| Non-Institutional | 20.00% | 5,00,000 |
| HNI | 30.00% | 7,50,000 |
| Retail | 30.00% | 7,50,000 |
| Total | 100.00% | 25,00,000 |
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.
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
[Dilip Davda] The company is a new entrant in the financial services and catering to urban/semi-urban areas. This debt offering is rated A positive/stable by ICRA and CARE and offers lucrative coupon rates. Investors looking for a steady income for the medium term may park funds. Read detail review...
The Vivriti Capital NCD August 2023 was subscribed 2.01 times on Aug 31, 2023 17:00. The NCD subscribed 2.49 times in Retail, 1.98 times in HNI, 2.68 times in Non-Institutional, and 0.66 times in Institutional category.
Vivriti Capital Ltd.
Prestige Zackria Metropolitan No. 200/1-8,
2nd Floor, Block -1, Annasalai
Chennai 600 002
Chennai, Tamil Nadu, 600002
Integrated Registry Management Services Pvt.Ltd.
NSE and BSE offer NSEgoBid and BSEDirect apps/websites through which retail investors can apply for NCDs up to Rs 5 lakhs. Not all brokers and banks provide the facility to apply for NCD online.
To apply for an NCD online, the investor should fill in the NCD bid details online and provide the details of the DP and bank accounts (ASBA/UPI) as requested. In the case of a UPI application, the investor needs to approve the UPI mandate to complete the application process.
Steps to invest in NCD IPO through GoldenPi
Retail investors can apply for an IPO online if the investment amount is less than or up to 10 lakhs.
Steps to apply for NCD IPO with Indiabonds:
You can buy or invest in NCD IPOs through the following intermediaries:
The investor can apply for the NCD IPO online through NCD intermediaries such as a registered stockbroker, provided the broker offers an online application for the NCD IPO. Not many brokers allow you to invest in an NCD IPO online. Currently, very few brokers, such as Nuvama Wealth, Angel One, and SBI Securities, offer the facility to apply for NCD IPOs electronically. You should check with your broker or intermediary to see if the online application facility for the NCD IPO is available through them.
Refer to the detailed guidelines on NSEgoBID and BSEDirect for information on the registration process and how to apply for NCDs through the exchange.
Important links :
Read more about NCD Application Process.
The minimum amount required for NCD investment is Rs. 10,000.
Generally, the minimum lot size of NCD is 10, and the face value is 1,000.
NCD allotment can be checked on the BSE website or with the Registrar once the allotment has been made.
Steps to check the NCD allotment status at the BSE:
Alternatively, the applicant can also check the allotment status on the respective website of the Registrar for the issue. The applicant will need their PAN details or the applicant's Aadhaar number to check the status.
Generally, all applicants receive full allotment due to the retention of the oversubscription option.
Read more information on NCD Subscription and NCD Allotment Process.
No, you cannot withdraw or redeem Vivriti Capital Ltd. NCDs before maturity directly from the company. However, there are a couple of options available if you want to exit early:
If the NCDs are listed on stock exchanges (like BSE/NSE), you can:
Only possible if a "call option" exists.
Read more about NCD Subscription and Allotment Process
Bid Cancellation and Withdrawal Policy for NCD Applicants
Note:
The specific process and conditions for post-closure cancellation vary by issuer. Applicants should refer to the Offer Document for issuer-specific guidelines.
