Capri Global Capital IPO

Bonds IPO details

IPO opening date

30 Sep, 2025

IPO closing date

14 Oct, 2025

Allotment date

20 Oct, 2025

Listing date

22 Oct, 2025

Face value

₹1,000.00/unit

Minimum investment

₹10,000.00

IPO size

₹200.00 crores

IPO document

Prospectus

About

Capri Global Capital is a retail-focused, systemically important non-deposit-taking non-banking financial company (NBFC) based in India. The company provides secured and collateralised loans across four main segments: micro, small, and medium enterprises (MSME) loans, housing loans, gold loans, and construction finance. Within its MSME lending, it has introduced microloans against property (MicroLAP) and indirect lending, while phasing out rooftop solar loans and digital lending. Capri Global also holds a corporate agent composite license to distribute life, general, and health insurance policies. Its customer base mainly includes self-employed individuals without professional certifications and salaried individuals who may have limited formal income documentation or restricted access to traditional credit sources. Use of Proceeds The proceeds from the current issue of NCDs are proposed to be used for the following purposes: For onward lending, financing, and prepayment/repayment of the borrowings availed by the company. General corporate purposes.;

Pros and Cons

Pros

Cons

The company has scaled its operations by expanding its branch network from 736 in FY23 to 1,138 as of June 30, 2025, and increasing its workforce from 9,076 to 11,546 during the same period.

The customer base increased from 141,692 as of FY23 to 558,788 by June 30, 2025, indicating wider adoption of its financial services.

The company states that by providing customised loan options and using digital processing for applications, it delivers comprehensive services with minimal disruption to customers during the loan approval process.

The company states that its loans are sourced through a mix of physical and hybrid channels. These include branch walk-ins, an internal sales team, direct selling agents, business partners, the company’s website, tele-calling, targeted marketing, and collaborations with fintech firms, ensuring broad market coverage and efficient customer acquisition.

The company claims that an advanced technology platform supports the entire customer lifecycle – onboarding, credit checks, disbursement, collections, and relationship management. It further states that in-house applications allow quick system customisation, improved efficiency, and low maintenance costs, while ensuring data encryption and compliance with information security standards.

The company claims that it maintains a strong balance sheet backed by an effective liability management framework and aims to keep capital adequacy ratios at levels that support financial stability and loss absorption.

The company states that co-lending arrangements have been established with 11 partner banks across MSME, housing, and gold loan segments. Under this model, the company retains 20–30 percent of each loan while partner banks hold the rest, helping diversify funding, manage liabilities, conserve capital, and improve return on equity.

The company has experienced a consistent increase in revenue from operations and profit after tax (PAT) over the last three years. Revenue from operations increased from Rs 1,464.25 crore in FY23 to Rs 2,312.93 crore in FY24 to Rs 3,247.50 crore in FY25. PAT increased from Rs 204.65 crore in FY23 to Rs 279.41 crore in FY24 and Rs 478.53 crore in FY25.