Monitoring Agency Report for the quarter ended June 30, 2025, on the utilization of proceedsraised through the Qualified Institutions Placement (QIP) of equity shares by the Company
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Capri Global Capital, an NBFC, raised Rs 20,000 million (net Rs 19,488.88 million) through a Qualified Institutional Placement (QIP) of equity shares between June 9-12, 2025. Crisil Ratings, the appointed Monitoring Agency, confirms proceeds were used as per the Placement Document with no deviations. Of the total, Rs 13,169.67 million was earmarked for augmenting the capital base and Rs 6,319.21 million for repaying outstanding borrowings. During Q1FY26, Rs 13,189.38 million was utilized (Rs 9,656.70 million for capital base, Rs 3,532.68 million for debt repayment), leaving Rs 6,299.50 million unutilized. The unutilized funds are parked in fixed deposits (Indian Overseas Bank, Shivalik Small Finance Bank), a liquid fund, and current/escrow accounts with Yes Bank and IOB, earning up to 7.95% returns.
The report confirms disciplined use of QIP proceeds for stated objectives of business expansion and deleveraging, which should support growth capacity and reduce interest costs. The Rs 6,299.50 million unutilized balance still provides additional firepower for lending, but timely deployment will be key to translating the capital raise into earnings growth.