Key Quantitative Figures
- Total fundraise approval: ₹312.15 crore
- Equity shares component: 1,42,66,412 equity shares at ₹50.50 per share (face value ₹10 per share), aggregating ₹72.05 crore
- Convertible warrants component: 4,75,46,030 convertible warrants at ₹50.50 per warrant, aggregating ₹240.11 crore
- Post-fundraise expected share capital increase: ₹152 crore (phased manner)
Allocation of Funds
- Up to ₹120 crore for acquiring a company with digital lending platform (within 1 year)
- Up to ₹75 crore for acquiring a company with gold loan business (within 6 months)
- ₹32 crore for onward lending for MSME loans (over two years)
- ₹10.15 crore for general corporate purposes (over two years)
Transaction Details
- Each convertible warrant convertible into one equity share within 18 months from date of allotment
- 61 proposed allottees for equity shares
- 56 proposed allottees for convertible warrants
- Allottees include both promoter and public categories
- Promoters' shareholding will not be affected as fresh capital is being infused by promoters
Management Commentary
Mr. Sarfaraz Mallick, Co-founder and Chief Financial Officer, stated that the fundraise is intended to strengthen the company's capital base and support strategic priorities including diversification of lending portfolio, expansion of business scale, and strengthening revenue-generating capabilities. The company aims to build a more diversified and scalable financial services business through disciplined capital allocation and responsible growth.
Company Background
Regency Fincorp Limited is a non-banking financial company (NBFC) engaged in providing financial products and lending solutions for retail customers, MSMEs, and emerging businesses, with a focus on financial inclusion through accessible credit solutions.