Capri Global Capital Limited is coming up with Tranche I secured NCD issue in April 2026 offering interest rates up to 9.50% per annum. Investors looking for fixed income opportunities often track such NBFC NCD issues as they generally offer higher yields compared to bank FDs. Should you invest in Capri Global Capital NCD April 2026 issue? Let us review issue details, interest rates, company fundamentals, risks and whether investors should invest or avoid.
About Capri Global Capital Limited
Capri Global Capital Limited is a diversified retail-focused NBFC offering MSME loans, housing loans, gold loans and construction finance. The company also distributes insurance products and offers housing finance through its subsidiary Capri Global Housing Finance Limited.
The company primarily caters to self-employed individuals and underserved segments that have limited access to formal credit. As of June 2025, the company had more than 1,100 branches across 19 states and union territories and served over 0.56 million customers.
Capri Global Capital has also expanded into stock broking and financial services by incorporating subsidiaries such as Capri Global Securities and Capri Global Capital Markets. The company has established technology centers in Gurugram, Bengaluru and Noida to strengthen digital capabilities.
Capri Global Capital NCD April 2026 Issue Details
| Particulars | Details |
|---|---|
| Issue Opening Date | April 15, 2026 |
| Issue Closing Date | April 28, 2026 |
| Security Type | Secured, Redeemable Non Convertible Debentures |
| Face Value | ₹1,000 per NCD |
| Issue Price | ₹1,000 per NCD |
| Minimum Investment | ₹10,000 (10 NCDs) |
| Listing | BSE |
| Base Issue Size | ₹100 Crores |
| Green Shoe Option | ₹400 Crores |
| Total Tranche Size | ₹500 Crores |
| Shelf Limit | ₹2,000 Crores |
| Allocation | Institutional 20%, NII 30%, HNI 30%, Retail 20% |
| Allotment | First Come First Serve |
| Lead Manager | Nuvama Wealth Management Ltd |
| Debenture Trustee | IDBI Trusteeship Services Ltd |
| Registrar | MUFG Intime India Pvt Ltd |
Capri Global Capital NCD Interest Rates – April 2026
| Series | Tenure | Frequency | Coupon | Effective Yield |
|---|---|---|---|---|
| I | 24 Months | Annual | 9.00% | 8.99% |
| II | 36 Months | Monthly | 8.80% | 9.15% |
| III | 36 Months | Annual | 9.15% | 9.14% |
| IV | 60 Months | Monthly | 8.93% | 9.30% |
| V | 60 Months | Annual | 9.30% | 9.29% |
| VI | 120 Months | Annual | 9.50% | 9.49% |
The highest interest rate offered in this issue is 9.50% per annum for 120 months tenure.
Credit Ratings of Capri Global Capital NCD
The NCD issue has received the following credit ratings:
- ACUITE AA Stable from Acuite Ratings & Research
- AA Positive from Infomerics Valuation and Rating
These ratings indicate high degree of safety with very low credit risk. However, investors should note that AA rating is not risk free and carries moderate credit risk compared to AAA rated instruments.
Credit Rating Trend in Last Few Years
| Year | Agency | Rating | Outlook |
|---|---|---|---|
| 2026 | Acuite | AA | Stable |
| 2026 | Infomerics | AA | Positive |
| 2025 | Acuite | AA | Stable |
| 2024 | Acuite | AA- / AA | Stable |
| 2023 | Acuite | AA- | Stable |
The rating trend indicates gradual improvement in credit profile over the last few years.
Objects of the Issue
The company proposes to use the funds raised through this NCD issue for the following purposes:
- Onward lending and financing activities
- Repayment of principal and interest of existing borrowings
- General corporate purposes
NBFC companies typically raise funds through NCDs to expand loan book and refinance existing borrowings.
Capri Global Capital Financials
The financial performance of the company in recent years is as follows:
| Particulars | FY2025 | FY2024 |
|---|---|---|
| Total Assets (₹ Cr) | 16,399.68 | 11,116.68 |
| Total Income (₹ Cr) | 2,423.50 | 1,783.19 |
| Profit After Tax (₹ Cr) | 414.89 | 198.06 |
The company reported 36% growth in revenue and over 100% growth in profit after tax in FY2025 compared to FY2024.
Why to Invest in Capri Global Capital NCD April 2026
- Offers attractive interest rates up to 9.50% per annum
- Secured NCDs which provide relatively better safety
- AA rated issue indicating high degree of safety
- Company showing strong growth in income and profits
- Diversified lending portfolio across MSME, housing and gold loans
- Listed NCD providing liquidity on stock exchange
Why Not to Invest in Capri Global Capital NCD
- NBFC sector carries credit risk compared to banks
- AA rating is lower than AAA rated bonds
- Long tenure options up to 10 years carry interest rate risk
- Liquidity on exchange may be limited after listing
- Business dependent on economic cycle and credit demand
How to Apply for Capri Global Capital NCD
Investors can apply for this NCD issue through the following methods:
- Apply through net banking ASBA facility
- Apply via broker platforms offering NCD subscription
- Apply through BSE Direct or NSE goBID platforms
- Apply using UPI based IPO/NCD application
Minimum investment is ₹10,000 and investors can choose preferred series based on tenure and interest payout.
Should You Invest in Capri Global Capital NCD April 2026?
Capri Global Capital NCD April 2026 offers interest rates up to 9.50% which is attractive compared to bank FDs and some other fixed income options. The company is a growing NBFC with diversified lending segments and improving profitability. The issue is also secured and carries AA credit rating.
However investors should note that this is not AAA rated NCD and hence carries moderate credit risk. Long tenure options also carry interest rate risk. Conservative investors should limit allocation and avoid long duration series.
Overall, Capri Global Capital NCD April 2026 issue looks moderately attractive for investors seeking high yield fixed income options. Investors with moderate risk appetite can consider investing for short to medium tenure options. Conservative investors may avoid.
Capri Global Capital NCD April 2026 FAQs
What is the interest rate offered in Capri Global Capital NCD April 2026?
The NCD offers interest rates ranging from 8.80% to 9.50% per annum depending on tenure.
What is the minimum investment amount?
Minimum investment is ₹10,000 for 10 NCDs.
Are these secured NCDs?
Yes, these are secured redeemable non convertible debentures.
What is the credit rating of the issue?
The issue is rated ACUITE AA Stable and AA Positive by Infomerics.
Can investors sell NCD before maturity?
Yes, these NCDs will be listed on BSE and can be sold in secondary market.
When will interest be paid?
Interest payment frequency varies between monthly and annual depending on series selected.
Should conservative investors invest?
Conservative investors should invest only small portion due to AA rating risk.
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