Key Quantitative Figures

  • Issue Size: 1,02,08,129 equity shares of face value ₹10 each
  • Issue Price: ₹78 per share (including premium of ₹68 per share)
  • Total Issue Amount: ₹796.23 crore (assuming full subscription)
  • Rights Entitlement Ratio: 3 equity shares for every 5 fully paid-up equity shares held
  • Record Date: November 4, 2026
  • Promoter Holding: Dr. Bhaskara Rao Bollineni (1,14,05,819 shares) and Mr. Bhavanam Ruthvik Reddy (13,50,528 shares) as of June 30, 2026

Issue Schedule

  • Last Date for Credit of Rights Entitlements: November 11, 2026
  • Issue Opening Date: November 16, 2026
  • Last Date for On-Market Renunciation: November 20, 2026
  • Issue Closing Date: November 27, 2026
  • Finalization of Basis of Allotment: November 30, 2026
  • Date of Allotment: December 1, 2026
  • Date of Credit to Demat: December 2, 2026
  • Date of Listing: December 3, 2026

Objects of the Issue

Net proceeds of ₹789.23 crore (after ₹7 crore issue expenses) will be utilized as follows:

  • ₹633 crore: To augment capital base and increase operational scale for NBFC activities
  • ₹150 crore: Repayment/prepayment of certain borrowings (Bajaj Finance ₹100 crore and Aditya Birla Capital ₹50 crore outstanding as of September 30, 2026)
  • ₹6.23 crore: General corporate purposes

Material Contracts and Documentation

Key agreements include registrar agreement (June 18, 2026), bankers to issue agreement (October 26, 2026), and monitoring agency agreement with Acuité Ratings & Research (September 1, 2026). Promoters provided subscription intent letters on September 26, 2026, indicating full participation in their entitlements and any unsubscribed portion.

Capital Structure Impact

  • Pre-Issue Paid-up Capital: ₹17.01 crore (1,70,13,549 shares)
  • Post-Issue Paid-up Capital: ₹27.22 crore (2,72,21,678 shares) assuming full subscription
  • Dilution: 60% increase in share capital
  • Promoters' Commitment: Both promoters have given subscription intent letters to fully subscribe subject to takeover regulations and minimum public shareholding requirements

Financial Information (as of June 30, 2026)

  • Net Worth: ₹84.19 crore
  • Total Assets: ₹90.41 crore
  • Investments: ₹50.67 crore (56.04% of total assets)
  • Total Borrowings: ₹5 crore
  • Q1 FY27 Profit After Tax: ₹7.82 crore
  • Basic EPS: ₹4.60
  • NAV per Share: ₹49.33

Regulatory Approvals and Compliance

  • SEBI: Letter of Offer filed with SEBI for information
  • BSE: In-principle approval received on October 23, 2026 (Ref: LOD/RIGHT/MV/FIP/1005/2026-27)
  • RBI: Company holds valid NBFC registration (N-09.00492) issued February 10, 2026
  • All directors declared compliance with Companies Act, SEBI Act, and confirmed all disclosures are true and correct

Key Intermediaries

  • Registrar to Issue: RCMC Share Registry Pvt. Ltd.
  • Banker to Issue: ICICI Bank Limited
  • Legal Advisor: Sterling Law Partners
  • Statutory Auditor: M/s. D.S. TALWAR & Co.
  • Monitoring Agency: Acuité Ratings & Research Limited

Risk Factors and Legal Status

Document discloses 39 risk factors including regulatory compliance risks, borrower concentration risks, and macroeconomic risks. No outstanding material litigation against the company and no show cause notices from SEBI. Company complies with SEBI LODR regulations and minimum public shareholding requirements.