Established in 2017, Vivriti Capital Limited stands as a beacon of financial solutions for mid-market enterprises spanning the entire nation. The company proudly operates under the regulatory purview of the RBI, holding the esteemed status of a non-deposit-taking systemically important non-banking financial company (NBFC-NDSI).
Dedicated to enhancing the financial landscape, Vivriti Capital extends an array of lending products. These encompass term loans, working capital demand loans, strategic co-lending alongside financial partners, securitization of receivables, direct assignment of receivables, as well as offerings in supply chain finance. The company even facilitates subscriptions to bonds and commercial paper. These tailored solutions are catered to entities that may bear no credit rating or possess ratings that hinder their access to conventional banking finance, particularly in urban and semi-urban regions.
Vivriti Capital’s esteemed clientele is an embodiment of diversity, encompassing mid-corporates operating across sectors such as healthcare, pharmaceuticals, logistics, retail, trading, steel, automotive, manufacturing, financial services, and fast-moving consumer goods. As of March 31, 2023, the company prides itself on managing an impressive portfolio of total outstanding loan assets amounting to ₹450,873.24 lakh. Moreover, it has judiciously invested in bonds, securitizations, and commercial paper, amassing a total of ₹132,706.77 lakh in investments.
Notably, Vivriti Capital achieved a significant Asset Under Management (AUM) of ₹583,580.01 lakh by the end of March 31, 2023. This substantial growth in AUM reflects the trust and preference of businesses towards Vivriti’s offerings. Comparatively, the AUM stood at ₹381,686.09 lakh as of March 31, 2022. This expansion was witnessed across 194 mid-corporates and an impressive 13.21 lakh borrowers/clients. These associations are fostered through co-lending arrangements, with an added dimension of support from 24 Anchors that cover 183 MSME and non-MSME counterparties, all within the realm of supply chain finance.
Vivriti Capital’s prowess has been aptly recognized by credit rating agencies. As of March 31, 2023, it holds an A credit rating with a stable outlook from ICRA Limited. Additionally, CARE Ratings acknowledges its accomplishments with an A rating accompanied by a positive outlook.
With its wings spread far and wide, Vivriti Capital operates through offices strategically stationed across multiple states including Tamil Nadu, Maharashtra, Karnataka, Rajasthan, and Delhi. This expansive presence aligns with the company’s vision to be within reach of its diverse clientele while nurturing businesses and driving economic growth across the nation.
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 Promoters
Vineet Sukumar and Gaurav Kumar are the promoters of the company.
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 |
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.
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