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IPO

BondsIndia

A+

Opening Date

18 Aug 2023

Closing Date

31 Aug 2023

Yield

Upto 10.49%

Tenure

Upto 24 Months

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Company Details
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Home   /   IPO   /   Vivriti Capital Limited

IPO

Vivriti Capital Limited

Ongoing IPO

Vivriti Capital Limited

Opening Date
18 Aug 2023

BondsIndia

A+

Closing Date
31 Aug 2023

bondsindia

Time to close

Yield
Upto 10.49%

Tenure
Upto 24 Months

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IPO Details

IPO Details

Issue Size (Including Green Shoe Option) 500.00 crores
Face Value ₹1000
Coupon Upto 10.50%
Minimum Number of Bonds 10
Lot Size (Multiplier) 1
Allotment Date (Tentative) 06 Sept 2023
Listing Date (Tentative) 08 Sept 2023
Exchange Bid Time (24 Hours) 10:00 to 17:00

Documents attached

Information Memorandum

 

BondsIndia
Product Note

 

BondsIndia

*Allotment on first come first serve basis

 

ISSUE STRUCTURE

Series
I
II
III
IV*
V
Frequency of Interest payment
Monthly
Annual
Quarterly
Monthly
Annual
Tenure (Months)
18
Months
18
Months
24
Months
24
Months
24
Months
Minimum Application
10,000 (10 NCDs) across all Series
In Multiples of thereafter (R)
1,000 (1 NCD)
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%
Mode of Interest Payment
Not Applicable
Redemption Amount (₹ / NCD) on Maturity for NCD Holders in Category I & II
Rs. 1000
Rs. 1000
Staggered Redemption in eight (8) quarterly payments of ₹ 125 each, starting from 1st quarter** until maturity
Rs. 1000
Rs. 1000
Maturity/Redemption Date (from the Deemed Date of Allotment)
18 months
18 months
24 Months (Staggered Redemption by Face Value as per “Principal Redemption Schedule & Redemption Amounts”)#
24 months
24 months
Put and Call Option
Not Applicable
*The Company shall allocate and allot Series IV NCDs wherein the Applicants have not indicated the choice of the relevant NCD Series.

How to invest in the Vivriti Capital Limited IPO?

Application process on BondsIndia platform is simple and seamless.

•Click on the details of the company on the home page

•Fill in the Application form with the basic details such as Name, email address, mobile number, Pan details, bank and Demat details

•Then, confirm the quantity and price and select payment method.

•That’s all folks , bidding complete!

Reach out to on info@bondsindia.com for more questions. Thank you for tuning in with BondsIndia.

Why choose BondsIndia?

BondsIndia is an online platform for fixed-income securities such as IPOs, bonds, 54EC bonds, and fixed deposits. With a cumulative pedigree of 50+ years in the bond market, we aim to democratize the market for common investors by stationing detailed insights, expert advice, and keeping a close watch on the market sentiment. BondsIndia brings up-to-date information when IPOs go live, fixed deposits with higher interests, and bonds with competitive price before anyone else.

BondsIndia ditches the traditional ways of investing by offering a Technology based platform for investors that ensures instant online settlements and reduces counter-party risks. Choose BondsIndia for its sleek interface, fail-safe communication and step-by-step guide to ensure a well-placed bid. You can apply for Vivriti Capital Limited IPO on BondsIndia’s website.

Place your bid in three simple steps:

1

Key in Basic Details

2

Choose the IPO Series

3

Place the bid

How to invest in the
Vivriti Capital Limited ?

Application process on BondsIndia platform is simple and seamless.

  • Click on the details of the company on the home page
  • Fill in the Application form with the basic details such as Name, email address, mobile number, Pan details, bank, and Demat details
  • Then, confirm the quantity and price and select a payment method.
  • That’s all folks, bidding complete!

Reach out to on info@bondsindia.com for more questions. Thank you for tuning in with BondsIndia.

AUM

583580.01 lakh

GNPA

0.30%

NPA

0.08%

  • Vivriti Capital Limited
    Vivriti Capital Limited* (‘VCL’) is a systemically-important non-deposit taking non-banking finance company (NBFC-ND-SI) registered with the Reserve Bank of India (RBI). It was started in June 2017 by Mr. Vineet Sukumar and Mr. Gaurav Kumar as private limited company and was consequently converted to public limited company on 09th June’23.
  • It is backed by marquee institutional investors such as Creation Investments, Lightrock and TVS Capital who in addition to providing capital have assisted in the growth through strategic guidance based on their previous experience and insight into financial services sector in India.
  • On standalone basis VCL had an AUM of ₹ 5,83,580.01 lakh backed by Net Worth which stood at ₹ 1,56,474.55 lakh & Borrowings of ₹ 4,76,646.43 lakhs. Its Debt-to-Equity ratio stood at 3.05x as on 31st Mar’23.
  • Adequate Capitalisation with regular capital infusion from Private Equity Investors: VCL has been able to raise equity capital of around ₹ 1,29,900 lakh from private equity investors – Creation Investments LLC (₹ 48,000 lakh since January 2019), of which ₹ 7,000 lakh was raised in March 2022, LGT Lightstone (₹ 35,000 lakh in March 2020 and ₹ 24,700 lakh in March 2022) and TVS Capital fund (₹ 22,100 lakh in May 2022). VCL as on 31st Mar’23 on a standalone basis had CRAR of 25.74%, Net Worth of ₹ 1,56,474.55 lakh & Debt-to-Equity ratio of 3.05x.
  • Professional & Experienced Management Team: VCL is backed by an experienced management team. Mr. Vineet Sukumar is the Managing Director and one of the co-founders of the company. He holds a bachelor’s degree in technology (mechanical engineering) from IIT, Kharagpur and a postgraduate diploma in management from Indian IIM, Bangalore. He was previously the CFO of Northern Arc Capital Limited and the CEO of Northern Arc Investment Managers Private Limited. VCL is backed by marquee institutional investors who provide their expertise to operations, including through their representatives on the Board.
  • Steep growth plans VCPL commenced operations in June 2017 and received its NBFC licence in January 2018. Its AUM increased to Rs. 5,836 crore as of March 2023 from Rs. 3,880 crore as of March 31, 2022 (Rs. 1,905 crore as of March 2021), at a CAGR of 75% over the last two years. ICRA notes that the majority of VCPL’s exposures have an original tenor of less than three years and are monthly amortising in nature

    VCPL is expected to increase its AUM at a CAGR of around 40% over the next three years. The growth is expected to be supported by increasing diversification into retail exposures via co-lending/partnership arrangements and exposures to the non-financial enterprises segment. The company’s ability to continue strengthening its operations and infrastructure would be critical for sustaining the high growth rate while maintaining its healthy asset quality position amidst the increasingly competitive environment.
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LAUNCHPAD FINTECH PRIVATE LIMITED

Registered office: 601/602, Express Building, 14 E Road, Churchgate, Mumbai- 400020
SEBI Registration No: INZ000296636 | BSE Member ID: 6746 | NSE Member ID: 90329
CIN: U67100MH2020PTC425987,
Contact No. : +91-8882-200-300, Email : info@bondsindia.com

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* Investments in debt securities are subject to risks. Read all the offer related documents carefully.
N/A stands for Not Applicable

SEBI Registration No. : INZ000296636 | BSE Member ID: 6746 | NSE Member ID: 90329

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