Capital First will be in focus due to its NCD issue

Capital First’s debenture committee formed by the board of the directors has approved the allotment of rated, listed, redeemable Non-Convertible Debentures (NCD). The company has raised Rs 575 crore by issue of NCDs on a private placement basis. It has approved allotment of 575 NCDs having face value of Rs 10 lakh each. The NCDs will be listed on NSE.

On Monday, the share price of Capital First increased by 2.14 per cent on bourses and closed at Rs 757.75.

Capital First is a leading financial institution in India focused on providing debt financing to MSMEs and consumers. The founding theme of the company is financing India’s 30 million MSMEs and its emerging middle class, with a differentiated model, based on new technologies, which provide a large and unique opportunity. The Company has so far financed more than 2.25 million customers including more than 1 million self-employed individuals and MSMEs. The Company provides diversified product portfolio including MSME Loan Against Property, Home Loans, Business Loans, Consumer Durable Loans, Two Wheeler Loans, Personal Loans and User Car Loans. As of March 31, 2016, Capital First has more than Rs. 16,000 Crore Assets under Management (AUM) with Retail Financing business contributing 86% of the overall AUM. The Company has a strong distribution setup across 222 locations in India, with an employee base of over 1400 as on March 31, 2016.