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Vivriti Capital Limited
Issue Size (Net)
up to Rs. 500 Crore
Credit Ratings
A (Stable) by ICRA and A; +Ve by CARE
Issue Opening Date
18th August, 2023
Issue Closing Date
31st August, 2023
ROI Chart Term Sheet Company Highlights Financials Highlights Prospectus
Specific Terms for Each Series of NCDs
Series I II III IV V
Frequency of Interest Payment Monthly Annual Quarterly Monthly Annual
Tenor 18 Months 18 Months 24 Months 24 Months 24 Months
Coupon (% per annum) for NCD Holders in all Categories 9.57% 10.00% 9.65% 10.03% 10.50%
Effective Yield (% per annum) for NCD Holders in all Categories 9.98% 10.06% 9.98% 10.49% 10.48%
Redemption Amount (₹ / NCD) on Maturity for NCD Holders in all Categories Rs. 1000 Rs.1000 Staggered Redemption in eight(8)quarterly payments of ₹ 125 each, starting from 1st quarter** until maturity Rs.1000 Rs. 1,000
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/Call Option NA
1.Company Information

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 Rs. 5,83,580.01 lakh backed by Net Worth which stood at Rs. 1,56,474.55 lakh & Borrowings of Rs. 4,76,646.43 lakhs. Its Debt-to-Equity ratio stood at 3.05x as on 31st Mar’23.VCL offers lending products to mid-corporates including term loans, working capital demand loans, co-lending with financial partners, securitisation of receivables etc. across sector in the business of healthcare, pharma, logistics, retail etc.

2. Ratings

[ICRA] A (Stable) & CARE A; Positive.

3.Vivriti Capital Limited 2023 Registrar

Integrated Registry Management Services Private Limited

Vivriti Capital Limited Financial Information (Restated Consolidated)

Period Ended
AUM (Rs. lakh)
Net-Worth ((Rs. lakh)
Interest Income ((Rs. lakh)
Profit / (Loss) for the year ((Rs. lakh)
Net NPA (%)
CRAR (%)
JUNE-2023
NA
1,62,237.82
19837.88
5186.31
0.15%
26.26%
31-Mar-23
5,83,580.01
1,56,474.55
59927.01
12929.75
0.08%
25.74%
31-Mar-22
3,81,686.09
1,19,614.66
32344.09
6736.98
0.07%
29.57%
31-Mar-21
1,90,473.85
79714.17
20124.26
3000.51
0.00%
40.31%
Amount in Rs. Crore
Issuer Vivriti Capital Limited
Instrument Secured Redeemable Non-Convertible Debentures (NCDs)
Issue Opens on 18th August, 2023
Issue Closes on 31st August, 2023
Issue Size Base Issue size of Rs. 250 Crore with a Green Shoe option of up to Rs.250 Crore aggregating up to Rs. 500 Crore being the Issue size.
Issue Price / Face Value Rs.1,000/- per NCD
Minimum Application Rs.10,000/- (10 NCD) and in multiples of Rs.1,000/- (1 NCD) thereafter.
Credit Rating A (Stable) by ICRA and A; +Ve by CARE
Registrar Integrated Registry Management Services Pvt Ltd
Listing The NCDs are proposed to be listed on BSE
Category I - Institutionall II - Non-Institutional III - HNI IV - Retail
Category Allocation 20% 20% 30% 30%
Put/Call Option N.A.
Mode of Allotment Compulsorily in dematerialized form.
Allotment First Come First Serve Basis.
Depositories NSDL and CDSL
Specific Terms for Each Series of NCDs
Series I II III IV V
Frequency of Interest Payment Monthly Annual Quarterly Monthly Annual
Minimum Application 10,000 (10 NCDs) across all series
Face Value/ Issue Price Rs. 1,000
In Multiples of thereafter (Rs.) Rs.1,000 (1 NCD)
Tenor 18 Months 18 Months 24 Months 24 Months 24 Months
Coupon (% per annum) for NCD Holders in all Categories of Investors 9.57% 10.00% 9.65% 10.03% 10.50%
Effective Yield (% per annum) for NCD Holders in all Categories of Investors 9.98% 10.06% 9.98% 10.49% 10.48%
Mode of Interest Payment Through various modes available
Redemption Amount (Rs. / NCD) on Maturity for NCD Holders in all Categories of Investors Rs. 1,000 Rs. 1,000 Staggered Redemption in eight(8) quarterly payments of ₹ 125 each, starting from 1st quarter** until maturity Rs. 1,000 Rs. 1,000
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/Call Option NA
Nature of Indebtedness Secured
Prospectus File
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