Can Close Before Aug 31

The minimum application size for each application for Vivriti NCDs would be ₹10,000 across all series collectively and in multiples of ₹1,000 thereafter.

MUMBAI, Aug 17 (The CONNECT) –  Vivriti Capital Limited will open tomorrow its public issue of secured, rated, listed, redeemable, non-convertible debentures (NCD) of face value of ₹ 1,000 each targeting to raise ₹ 250 crore with a green shoe option to retain oversubscription up to ₹ 250 crore.

This cumulatively aggregates up to 50 lakh NCDs for ₹ 500 crore  and the issue closes on August 31 with an option of early closure.

The Public Issue comprises Series I to Series V with different tenure of interest payment and coupon rates.

Series I has a tenor of 18 months and coupon rate of 9.57% per annum (payable monthly) and an effective yield of 9.98% per annum.

Series II has a tenor of 18 months and coupon rate of 10% per annum (payable annually) and an effective yield of 10.06% per annum.

Series III has a tenor of 24 months and coupon rate of 9.65% per annum (paid on a quarterly basis, relevant interest will be paid on the same date of relevant month of each quarter from the Deemed Date of Allotment on the principal outstanding along with the Redemption Amount of the NCDs as per the #Principal Redemption Schedule and Redemption Amounts for Series III NCDs as provided in Prospectus) and an effective yield of 9.98% per annum.

Series IV has a tenor of 24 months and coupon rate of 10.03% per annum (payable monthly) and an effective yield of 10.49% per annum and

Series V has a tenor of 24 months and coupon rate of 10.50% per annum (payable annually) and an effective yield of 10.48% per annum.

Describing the NCD issue as a milestone in the growth journey Vineet Sukumar, Founder and Managing Director, Vivriti Capital Limited, said,  the company manages a portfolio of INR 5,835.80 crores and have provided debt solutions to over 194 mid-corporates across various sectors.

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.

Parth Sanghani, Chief Treasury Officer, Vivriti Capital Limited, said, “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”.

JM Financial Limited is the Lead Manager to the Public Issue.

Vivriti Capital Limited (formerly known as Vivriti Capital Private Limited) is registered with the RBI as a non-deposit taking systemically important non-banking financial company (NBFC-ND-SI). The company focusses on ticket size of loans ranging from ₹ 0.10 lakh to ₹ 8,000 lakh, average ticket size of less than ₹ 350.00 lakh. As of March 31, 2023, the company had total outstanding loan assets of ₹ 450,873.24 lakh and investments in bonds, securitisations and commercial paper of ₹ 132,706.77 lakh. For the Financial Years ended March 31, 2023, March 31, 2022 and March 31, 2021, its portfolio yield representing interest income as a percentage of average outstanding of loan and investment assets (in the categories as provided above) for the same period was 14.19%, 13.79% and 14.00%, respectively.

The company had an AUM of ₹ 583,580.01 lakh as of March 31, 2023 and ₹ 381,686.09 lakh 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 non-MSME counterparties for supply chain finance as of March 31, 2023. As of March 31, 2023, Vivriti has five regional offices in India in the states of Tamil Nadu, Maharashtra, Karnataka, Rajasthan, and Delhi. The Company seeks to be an environmentally and socially responsible financial institution and focus on generating sustainable long-term value for all stakeholders. The intention is to mainstream ESG practices into business, operations and value chain. Vivriti developed ESG specific risk assessment tools and expanding our focus on ESG including renewable energy, agriculture sector, etc.