Press Release - Updated _June 16, 2025- QIP Closure
Awaiting price reaction for this filing.
Capri Global Capital Limited (CGCL), a non-banking financial company (NBFC), has successfully raised ₹2,000 crores through a Qualified Institutions Placement (QIP), issuing approximately 13.65 crore equity shares to qualified institutional buyers. This is the company's first QIP in the last decade, with pricing and allotment approved by the QIP Committee on June 12, 2025. The issue received overwhelming response from a diverse pool of marquee institutional investors including BlackRock, Quant Mutual Fund, ICICI Prudential Life Insurance, HDFC Life Insurance, TATA AIF, and others. The funds will be used to expand lending verticals (MSME, Gold, Construction Finance, Housing), grow geographical presence, invest in AI and data science, and strengthen the capital base. As of March 31, 2025, CGCL had an AUM of over ₹22,857 crores with 1,100+ branches and 5.5 lakh customers.
The successful QIP, backed by top-tier institutional investors, signals strong market confidence in the NBFC's growth story and strengthens its capital adequacy for future expansion. While existing shareholders may see some equity dilution, the strengthened capital base should support higher lending volumes and long-term earnings growth, which is positive for the stock.