Established in 2017, Vivriti Capital Limited specializes in providing lending solutions to mid-market enterprises nationwide. The company is officially recognized by the Reserve Bank of India (RBI) as a non-deposit-taking systemically important non-banking financial company (NBFC-NDSI).
Vivriti Capital offers an array of financial products, including term loans, working capital demand loans, collaborative lending with financial partners, securitization of receivables, direct assignment of receivables, supply chain finance, and investment in bonds and commercial paper. These offerings cater particularly to entities lacking credit ratings or those with ratings that impede their access to traditional banking finance, especially in urban and semi-urban areas.
The company’s diverse clientele spans various industries, including healthcare, pharmaceuticals, logistics, retail, trading, steel, automotive, manufacturing, financial services, and fast-moving consumer goods. As of March 31, 2023, Vivriti Capital boasted a substantial portfolio with outstanding loan assets amounting to ₹ 450,873.24 lakh, alongside investments totaling ₹ 132,706.77 lakh in bonds, securitizations, and commercial paper.
Notably, Vivriti Capital managed assets under management (AUM) worth ₹ 583,580.01 lakh by March 31, 2023, and had achieved ₹ 381,686.09 lakh AUM by March 31, 2022. This success was spread across 194 mid-corporates and co-lending arrangements that benefited 13.21 lakh borrowers/clients. Moreover, the company’s supply chain finance extended to 24 Anchors, covering 183 MSME and non-MSME counterparties by the same date.
Affirming its financial stability, Vivriti Capital proudly holds a credit rating of A with a stable outlook by ICRA Limited, as well as an A rating with a positive outlook from CARE Ratings as of March 31, 2023. The company operates through multiple office locations situated in Tamil Nadu, Maharashtra, Karnataka, Rajasthan, and Delhi.
Vivriti Capital NCD August 2023 Detail #
| Issue Open | Aug 18, 2023 – Aug 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 |
NCD Allocation Ratio #
Category  |
NCD’s Allocated |
|---|---|
| Institutional | 20% |
| Non-Institutional | 20% |
| HNI | 30% |
| Retail | 30% |
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 |
NCD Rating #
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.
Company Financials #
| 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 |
Objects of the Issue #
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- Onward lending, financing, and repayment of interest and principal of existing borrowings of the company, and
- General corporate purposes.
Vivriti Capital NCD August 2023 Prospectus #
Company Contact Information #
Prestige Zackria Metropolitan No. 200/1-8,
2nd Floor, Block -1, Annasalai
Chennai 600 002Phone: +91 44 4007 4800
Email: contact@vivriticapital.com
Website: https://www.vivriticapital.com/
Vivriti Capital NCD August 2023 Registrar #
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
