Intimation - Shelf Prospectus & Tranche 1 Prospectus
FUNDRAISE
▲ Positive Development
MEDIUM RISK
📅 Filed on BSE: 31 Mar 2026, 02:25 AM IST · BSE ID: 99d536b5-705e-4fe1-a9b4-b1a165435f5e
View Original BSE Filing (PDF)
💡
In Simple Terms
Capri Global Capital opened public subscription for ₹5,000 million in corporate bonds starting April 15, 2026, backed by company assets.
🤖 AI Summary
- Capri Global Capital approved public NCD issuance of ₹5,000 million for Tranche 1 within ₹20,000 million shelf limit
- Secured, rated, listed non-convertible debentures with ₹1,000 face value; base size ₹1,000 million plus ₹4,000 million green shoe
- Issue opens April 15, 2026 and closes April 28, 2026; listing on BSE within 3 working days of close
- First pari-passu charge on receivables, loan book, and unencumbered cash; 1.10x security cover mandate throughout tenure
- Management Committee approved Shelf Prospectus and Tranche 1 Prospectus on March 30, 2026; filed with ROC, SEBI, and BSE
🔢 Key Numbers — exact figures from BSE filing, not rounded
Tranche 1 Issue Size (Base + Green Shoe)
₹5,000 million
Shelf Prospectus Limit
₹20,000 million
Base Issue Size
₹1,000 million
Green Shoe Option
₹4,000 million
Issue Opening Date
April 15, 2026
Issue Closing Date
April 28, 2026
Security Cover Mandate
1.10x throughout tenure
Default Penalty (if trust deed execution delayed)
2% per annum over agreed coupon
🏢 How This Affects the Company
NCD issuance provides capital deployment avenue for growing loan book and receivables portfolio without equity dilution.
Proceeds from ₹5,000 million NCD issuance (expandable to ₹5,000 million within ₹20,000 million shelf authorization) strengthen balance sheet and improve borrowing capacity for lending operations.
Company assumes fixed coupon obligations and must maintain 1.10x security cover on standard receivables throughout NCD tenure. Default triggers minimum 2% per annum penalty over agreed coupon.
👥 What This Means For Shareholders
✅
Action Required
No action required. This is a secured debt issuance; equity shareholders retain ownership proportionally absent new share issuance.
👤
Who Is Affected
All equity shareholders benefit from improved liquidity and expanded lending capacity without dilution. Debt investors (NCD holders) hold first pari-passu charge on receivables and loan book.
🔍
Management Signal
Management executing planned capital raise via public debt market signals confidence in asset quality and investor demand for secured lending-backed instruments.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Allotment confirmation filing — verify deemed allotment date and actual allotment outcomes by early May 2026
BSE listing notification — confirm listing within 3 working days of April 28, 2026 closure; track opening trades
Tranche 2 prospectus filing — monitor for subsequent tranches within ₹20,000 million shelf authorization and timing
MEDIUM RISK
Fixed coupon obligations increase financial leverage; 1.10x security cover requirement constrains asset flexibility. Default penalties apply; execution risk on trust deed timelines.
💡 Investor Takeaway
Capri Global Capital launched ₹5,000 million public NCD issuance (expandable to ₹5,000 million via green shoe) within ₹20,000 million shelf limit approved March 10, 2026. Secured first pari-passu charge on receivables and loan book; 1.10x security cover mandatory. Subscription April 15–28, 2026; BSE listing within 3 working days of close.
⚖️ Strengths & Concerns
✅ Positives
- Public market access with ₹20,000 million shelf limit provides flexibility for phased fundraising across multiple tranches.
- Secured instrument with first pari-passu charge on core assets (loan book, receivables) reduces investor risk and supports market reception.
⚠️ Concerns
- Fixed coupon obligations reduce financial flexibility; penalty of 2% per annum applies if debenture trust deed execution delayed beyond statutory timelines.
- Maintenance of 1.10x security cover requirement constrains unencumbered asset availability for other operational or strategic uses.
📅 Company Track Record
Capri Global Capital allotted ₹67 Crore in secured, rated non-convertible debentures on March 25, 2026 (3–10 year tenures, 8.90–9.25% coupons) via private placement. March 23 filing approved ₹20,000 million shelf prospectus for phased public NCD issuance; draft filed with SEBI. This Tranche 1 public issue (₹5,000 million) executes the approved shelf authorization.
Based on publicly available historical data. For context only.