Latest news with #CapriGlobal
Economic Times
16-06-2025
- Business
- Economic Times
Capri Global bags investment from Prashant Jain, Madhu Kela in Rs 2,000 cr QIP
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Ace investors Prashant Jain and Madhusudan Kela have invested in Capri Global Capital through their respective investment firms, joining a diverse pool of institutional participants in the company's recently concluded Rs 2,000-crore Qualified Institutions Placement (QIP).Jain's 3P Investment Managers, through its Category-III Alternative Investment Fund, invested Rs 150 crore in the financial services company. Meanwhile, MKVentures Capital , a non-banking finance firm promoted by Kela, also participated in the fundraising with an undisclosed investment comes as Capri Global announced the successful completion of its QIP on June company raised Rs 2,000 crore by issuing approximately 136.5 million equity shares to Qualified Institutional Buyers (QIBs), in line with SEBI's ICDR Regulations. The pricing and allotment were approved by the QIP Committee, authorised by the company's Board of Directors at its meeting held on June marks Capri Global's first QIP in nearly a decade. The issue witnessed strong demand from both foreign and domestic institutional investors, including long-only funds, mutual funds, and insurance from Jain's 3P Investment and Kela's MKVentures, other notable participants in the offering included Quant Mutual Fund, Abakkus Asset Management, BlackRock, Societe Generale – ODI, Allspring Global Investments, ICICI Prudential Life Insurance, HDFC Life Insurance , ICICI Lombard General Insurance, SBI General Insurance, HDFC Ergo General Insurance, PNB MetLife Insurance, and TATA read: Raamdeo Agrawal predicts 3 lakh Sensex target, multibagger strategy and 4 investment themes According to the company, the overwhelming response from long-term institutional investors is a testament to the market's confidence in Capri Global's business strategy, execution capabilities, and growth outlook. The funds raised through the QIP are expected to bolster the company's capital adequacy and support future expansion plans across its lending verticals.'The successful QIP marks a significant milestone in the Company's growth journey. The capital raised will enable us to capitalise on growth opportunities across key lending verticals, expand our geographical presence, invest in AI & data science capabilities and strengthen our capital base. This will also open up new avenues for us to diversify our borrowings and further solidify our liability franchise,' said Rajesh Sharma, Managing Director of Capri Global added, 'As we scale responsibly, our focus remains on driving inclusive credit access, higher productivity and efficiency while building a resilient portfolio. We are encouraged by the continued trust of our existing shareholders and welcome the new shareholders. We remain committed to deliver a robust financial performance and create long-term value for all our stakeholders."Capri Global Capital Ltd, which operates under the brand 'Capri Loans,' is a non-banking financial company (NBFC) engaged in offering credit to underserved segments, including MSMEs, affordable housing, and gold loans. The company has been expanding its footprint and diversifying its lending portfolio in recent of Capri Global Capital were trading flat at Rs 170.70 on the BSE around 1 pm.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Time of India
16-06-2025
- Business
- Time of India
Capri Global bags investment from Prashant Jain, Madhu Kela in Rs 2,000 cr QIP
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Ace investors Prashant Jain and Madhusudan Kela have invested in Capri Global Capital through their respective investment firms, joining a diverse pool of institutional participants in the company's recently concluded Rs 2,000-crore Qualified Institutions Placement (QIP).Jain's 3P Investment Managers, through its Category-III Alternative Investment Fund, invested Rs 150 crore in the financial services company. Meanwhile, MKVentures Capital , a non-banking finance firm promoted by Kela, also participated in the fundraising with an undisclosed investment comes as Capri Global announced the successful completion of its QIP on June company raised Rs 2,000 crore by issuing approximately 136.5 million equity shares to Qualified Institutional Buyers (QIBs), in line with SEBI's ICDR Regulations. The pricing and allotment were approved by the QIP Committee, authorised by the company's Board of Directors at its meeting held on June marks Capri Global's first QIP in nearly a decade. The issue witnessed strong demand from both foreign and domestic institutional investors, including long-only funds, mutual funds, and insurance from Jain's 3P Investment and Kela's MKVentures, other notable participants in the offering included Quant Mutual Fund, Abakkus Asset Management, BlackRock, Societe Generale – ODI, Allspring Global Investments, ICICI Prudential Life Insurance, HDFC Life Insurance , ICICI Lombard General Insurance, SBI General Insurance, HDFC Ergo General Insurance, PNB MetLife Insurance, and TATA read: Raamdeo Agrawal predicts 3 lakh Sensex target, multibagger strategy and 4 investment themes According to the company, the overwhelming response from long-term institutional investors is a testament to the market's confidence in Capri Global's business strategy, execution capabilities, and growth outlook. The funds raised through the QIP are expected to bolster the company's capital adequacy and support future expansion plans across its lending verticals.'The successful QIP marks a significant milestone in the Company's growth journey. The capital raised will enable us to capitalise on growth opportunities across key lending verticals, expand our geographical presence, invest in AI & data science capabilities and strengthen our capital base. This will also open up new avenues for us to diversify our borrowings and further solidify our liability franchise,' said Rajesh Sharma, Managing Director of Capri Global added, 'As we scale responsibly, our focus remains on driving inclusive credit access, higher productivity and efficiency while building a resilient portfolio. We are encouraged by the continued trust of our existing shareholders and welcome the new shareholders. We remain committed to deliver a robust financial performance and create long-term value for all our stakeholders."Capri Global Capital Ltd, which operates under the brand 'Capri Loans,' is a non-banking financial company (NBFC) engaged in offering credit to underserved segments, including MSMEs, affordable housing, and gold loans. The company has been expanding its footprint and diversifying its lending portfolio in recent of Capri Global Capital were trading flat at Rs 170.70 on the BSE around 1 pm.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Mint
10-06-2025
- Business
- Mint
Capri Global Capital shares dip 5% despite QIP launch; floor price set at ₹153.93
Shares of Capri Global Capital fell by 5 percent in intra-day trade on Tuesday, June 10, despite the company launching a Qualified Institutions Placement (QIP) to raise fresh capital. The stock dropped to a day's low of ₹ 172.45 amid heavy selling pressure, even as the non-banking finance company detailed its fundraising plans and highlighted a robust March quarter performance. The company informed exchanges that its QIP Committee had met on Tuesday to authorise the opening of the QIP issue and approve the preliminary placement document dated June 9, 2025. The floor price for the issue has been set at ₹ 153.93 per equity share, as per regulatory filing. The fundraise is being carried out under Chapter VI of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, and relevant provisions of the Companies Act, 2013. According to the company, it may offer up to a 5 percent discount on the floor price, in line with shareholder approval obtained at its Annual General Meeting held on September 19, 2024. The final issue price will be determined in consultation with the appointed book running lead manager, the company said. The relevant date for pricing the issue, in accordance with SEBI norms, is also June 9, 2025. Capri Global filed the preliminary placement document with both BSE and NSE on the same date. The QIP plan was initially approved by the company's Board on August 3, 2024, and subsequently received shareholder approval in September. The QIP launch comes close on the heels of Capri Global's strong earnings report for the fourth quarter of FY25. The company reported a 115.39 percent year-on-year surge in consolidated profit after tax (PAT), reaching ₹ 177.7 crore in Q4FY25 compared to ₹ 82.5 crore in the year-ago period. The performance was buoyed by strong momentum across its key business verticals, including gold loans and affordable housing. Revenue from operations for the March quarter climbed 48.52 percent year-on-year to ₹ 739.2 crore, up from ₹ 497.7 crore in Q4FY24. The company attributed the performance to enhanced operational efficiency, stronger customer acquisition metrics, and growing demand across its financial services. In addition, Capri Global's board has recommended a final dividend of ₹ 0.20 per equity share for the financial year ending March 31, 2025. This dividend will be subject to shareholder approval at the forthcoming Annual General Meeting. Despite Tuesday's decline, Capri Global shares have shown notable recovery this month. The stock has gained around 16 percent in June so far, bouncing back from a weak trend observed in April and May, where it declined 5 percent and 6 percent, respectively. In March, the stock had seen a modest uptick of 6.5 percent. However, on a one-year basis, the stock remains 16 percent lower, weighed down by broader market conditions and sectoral concerns. It continues to trade nearly 27 percent below its 52-week high of ₹ 236, which it touched in June 2024. The stock had also tested a 52-week low of ₹ 150.60 earlier this month.
Mint
10-06-2025
- Business
- Mint
Capri Global Capital shares dip 5% despite QIP launch; floor price set at ₹153.93
Shares of Capri Global Capital fell by 5 percent in intra-day trade on Tuesday, June 10, despite the company launching a Qualified Institutions Placement (QIP) to raise fresh capital. The stock dropped to a day's low of ₹ 172.45 amid heavy selling pressure, even as the non-banking finance company detailed its fundraising plans and highlighted a robust March quarter performance. The company informed exchanges that its QIP Committee had met on Tuesday to authorise the opening of the QIP issue and approve the preliminary placement document dated June 9, 2025. The floor price for the issue has been set at ₹ 153.93 per equity share, as per regulatory filing. The fundraise is being carried out under Chapter VI of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, and relevant provisions of the Companies Act, 2013. According to the company, it may offer up to a 5 percent discount on the floor price, in line with shareholder approval obtained at its Annual General Meeting held on September 19, 2024. The final issue price will be determined in consultation with the appointed book running lead manager, the company said. The relevant date for pricing the issue, in accordance with SEBI norms, is also June 9, 2025. Capri Global filed the preliminary placement document with both BSE and NSE on the same date. The QIP plan was initially approved by the company's Board on August 3, 2024, and subsequently received shareholder approval in September. The QIP launch comes close on the heels of Capri Global's strong earnings report for the fourth quarter of FY25. The company reported a 115.39 percent year-on-year surge in consolidated profit after tax (PAT), reaching ₹ 177.7 crore in Q4FY25 compared to ₹ 82.5 crore in the year-ago period. The performance was buoyed by strong momentum across its key business verticals, including gold loans and affordable housing. Revenue from operations for the March quarter climbed 48.52 percent year-on-year to ₹ 739.2 crore, up from ₹ 497.7 crore in Q4FY24. The company attributed the performance to enhanced operational efficiency, stronger customer acquisition metrics, and growing demand across its financial services. In addition, Capri Global's board has recommended a final dividend of ₹ 0.20 per equity share for the financial year ending March 31, 2025. This dividend will be subject to shareholder approval at the forthcoming Annual General Meeting. Despite Tuesday's decline, Capri Global shares have shown notable recovery this month. The stock has gained around 16 percent in June so far, bouncing back from a weak trend observed in April and May, where it declined 5 percent and 6 percent, respectively. In March, the stock had seen a modest uptick of 6.5 percent. However, on a one-year basis, the stock remains 16 percent lower, weighed down by broader market conditions and sectoral concerns. It continues to trade nearly 27 percent below its 52-week high of ₹ 236, which it touched in June 2024. The stock had also tested a 52-week low of ₹ 150.60 earlier this month. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
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Business Standard
09-06-2025
- Business
- Business Standard
Capri Global shares zoom 13% in trade today; why are investors buying?
Capri Global Capital share price zoomed 12.9 per cent in trade on Monday, June 9, 2025, logging a day's high at ₹171.5 per share on BSE. The buying on the counter came after the company launched its auto pay for gold loans. At 11:10 AM, Capri Global shares were trading 12.31 per cent higher at ₹170.6 per share on the BSE. In comparison, the BSE Sensex was up 0.45 per cent at 82,555.85. The company's market capitalisation stood at ₹14,076.48 crore. Its 52-week high was at ₹236 per share and 52-week low was at ₹150.6 per share. What is auto pay for gold loans? Auto pay facility for gold loans is designed to make gold loan repayments more convenient, secure, and hassle-free for customers. The auto pay feature offers customers a hassle-free and secure repayment experience by automatically debiting the due amount from their registered bank account on the scheduled date. This reduces the risk of missed payments and late penalties. The service is enabled through a standing instruction or mandate provided at the time of loan disbursal. With auto pay, customers benefit from a secure and seamless repayment process, eliminating the need for manual payments or branch visits. Earlier, Capri Loans had introduced an AI-powered WhatsApp Chatbot that allows customers to manage their gold loan accounts anytime, from anywhere. Through this facility customers can make secure payments, view account details, check interest dues, and access important documents—all without visiting a branch. About Capri Global Capital Ltd Capri Global Capital Limited (Capri Loans) is a diversified Non-Banking Financial Company (NBFC). Capri Loans offers tailored product solutions to unbanked and underserved customers as last mile credit delivery across Northern and Western geographies, through its strong network of 1000+ branches spread across 19 States and Union Territories. With an AUM of over Rs 22,857+ Crore and serving over 7 Lakh customer accounts through more than 11,000 employees, Capri Loans operates in high-growth segments such as MSME Loans, Gold Loans, Construction Finance and offers Affordable Housing Loans through its 100 per cent subsidiary Capri Global Housing Finance Limited (CGHFL).
