Capri Global Capital Jumps 2% on ₹500 Crore NCD Issue, Funding Onward Lending Thrust

Capri Global Capital's shares witnessed a notable uptick, surging around 2% on the announcement of a substantial Non-Convertible Debentures (NCD) issue. The market reacted positively to the firm's plan to raise capital through this instrument, which offers attractive returns up to 9.5%.

The public issue is scheduled to open on April 15 and conclude on April 28, 2026. This move positions the company to bolster its lending activities and general corporate objectives.

Key Details of the ₹500 Crore NCD Offering​

The announcement details the launch of Tranche I of the secured, rated, listed, and redeemable NCDs. The initial public issue aggregates up to ₹5,000 million, structured with a base issue size of ₹1,000 million and a significant green shoe option of ₹4,000 million.

The NCDs provide investors with flexibility regarding tenure and payouts. Options are available for 24, 36, 60, and 120 months, alongside choices for both monthly and annual interest payouts. The minimum application size set for this issue is ₹10,000, with a face value of ₹1,000 per NCD.

Coupon rates are quoted across a spectrum ranging from 8.80% to 9.50%, depending on the chosen tenure and payout frequency. This structure results in effective yields reaching up to 9.49% per annum, making the instrument highly competitive for retail investors.

Rating Agencies Boost Confidence in Debt Structure​

The issuance was met with strong ratings from key financial institutions. Infomerics rated the NCDs at 'IVR AA/Positive', while Acuité Ratings assigned 'ACUITE AA | Stable'. These ratings underscore a high degree of confidence regarding the timely servicing of Capri Global Capital's financial obligations.

The company confirmed that the funds raised will be utilized strategically. A minimum of 75% of the capital will be earmarked for onward lending, financing, and the repayment of existing borrowings. The remaining portion, up to 25%, is allocated for general corporate purposes.

Capri Global Capital's Market Performance Snapshot​

Despite the recent positive movement, the stock remains below its historical peaks. Capri Global stock is currently approximately 15% away from its 52-week high of ₹213.85, which was recorded in October 2025. Conversely, it has tested its 52-week low of ₹150.60 in June 2025.

Analyzing the recent trajectory, the stock has appreciated by 9% over the last one month. However, the preceding six months showed a decline of 5%. On a longer term view, the share has advanced 17% over the past year and has posted a 93% gain over the last five years.

NBFC Sector Context and Lending Portfolio​

Capri Global Capital operates as a retail-focused Non-Banking Financial Company (NBFC). The company maintains a diversified lending portfolio designed to serve various segments. This portfolio includes core areas like MSME loans, housing finance, gold loans, and construction finance.

Beyond lending, the firm also generates revenue through fee-based businesses. These activities encompass insurance distribution and general loan distribution channels. Rajesh Sharma, Managing Director of the company, stated the commitment to supporting underserved customers across Bharat through its wide range of secured and collateralised loans.

Navigating the NCD Allotment Process​

The allotment process for the NCDs will follow a first-come, first-served basis. In instances of oversubscription, the allocation will be managed on a proportionate basis among applicants. These newly issued NCDs will be traded in a dematerialised form on the exchange.