Latest news with #CapriGlobalCapital
Mint
2 days ago
- Business
- Mint
Capri Global Capital shares dip 5% despite QIP launch; floor price set at ₹153.93
Shares of Capri Global Capital fell by 5 percent in intra-day trade on Tuesday, June 10, despite the company launching a Qualified Institutions Placement (QIP) to raise fresh capital. The stock dropped to a day's low of ₹ 172.45 amid heavy selling pressure, even as the non-banking finance company detailed its fundraising plans and highlighted a robust March quarter performance. The company informed exchanges that its QIP Committee had met on Tuesday to authorise the opening of the QIP issue and approve the preliminary placement document dated June 9, 2025. The floor price for the issue has been set at ₹ 153.93 per equity share, as per regulatory filing. The fundraise is being carried out under Chapter VI of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, and relevant provisions of the Companies Act, 2013. According to the company, it may offer up to a 5 percent discount on the floor price, in line with shareholder approval obtained at its Annual General Meeting held on September 19, 2024. The final issue price will be determined in consultation with the appointed book running lead manager, the company said. The relevant date for pricing the issue, in accordance with SEBI norms, is also June 9, 2025. Capri Global filed the preliminary placement document with both BSE and NSE on the same date. The QIP plan was initially approved by the company's Board on August 3, 2024, and subsequently received shareholder approval in September. The QIP launch comes close on the heels of Capri Global's strong earnings report for the fourth quarter of FY25. The company reported a 115.39 percent year-on-year surge in consolidated profit after tax (PAT), reaching ₹ 177.7 crore in Q4FY25 compared to ₹ 82.5 crore in the year-ago period. The performance was buoyed by strong momentum across its key business verticals, including gold loans and affordable housing. Revenue from operations for the March quarter climbed 48.52 percent year-on-year to ₹ 739.2 crore, up from ₹ 497.7 crore in Q4FY24. The company attributed the performance to enhanced operational efficiency, stronger customer acquisition metrics, and growing demand across its financial services. In addition, Capri Global's board has recommended a final dividend of ₹ 0.20 per equity share for the financial year ending March 31, 2025. This dividend will be subject to shareholder approval at the forthcoming Annual General Meeting. Despite Tuesday's decline, Capri Global shares have shown notable recovery this month. The stock has gained around 16 percent in June so far, bouncing back from a weak trend observed in April and May, where it declined 5 percent and 6 percent, respectively. In March, the stock had seen a modest uptick of 6.5 percent. However, on a one-year basis, the stock remains 16 percent lower, weighed down by broader market conditions and sectoral concerns. It continues to trade nearly 27 percent below its 52-week high of ₹ 236, which it touched in June 2024. The stock had also tested a 52-week low of ₹ 150.60 earlier this month.
Mint
2 days ago
- Business
- Mint
Capri Global Capital shares dip 5% despite QIP launch; floor price set at ₹153.93
Shares of Capri Global Capital fell by 5 percent in intra-day trade on Tuesday, June 10, despite the company launching a Qualified Institutions Placement (QIP) to raise fresh capital. The stock dropped to a day's low of ₹ 172.45 amid heavy selling pressure, even as the non-banking finance company detailed its fundraising plans and highlighted a robust March quarter performance. The company informed exchanges that its QIP Committee had met on Tuesday to authorise the opening of the QIP issue and approve the preliminary placement document dated June 9, 2025. The floor price for the issue has been set at ₹ 153.93 per equity share, as per regulatory filing. The fundraise is being carried out under Chapter VI of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, and relevant provisions of the Companies Act, 2013. According to the company, it may offer up to a 5 percent discount on the floor price, in line with shareholder approval obtained at its Annual General Meeting held on September 19, 2024. The final issue price will be determined in consultation with the appointed book running lead manager, the company said. The relevant date for pricing the issue, in accordance with SEBI norms, is also June 9, 2025. Capri Global filed the preliminary placement document with both BSE and NSE on the same date. The QIP plan was initially approved by the company's Board on August 3, 2024, and subsequently received shareholder approval in September. The QIP launch comes close on the heels of Capri Global's strong earnings report for the fourth quarter of FY25. The company reported a 115.39 percent year-on-year surge in consolidated profit after tax (PAT), reaching ₹ 177.7 crore in Q4FY25 compared to ₹ 82.5 crore in the year-ago period. The performance was buoyed by strong momentum across its key business verticals, including gold loans and affordable housing. Revenue from operations for the March quarter climbed 48.52 percent year-on-year to ₹ 739.2 crore, up from ₹ 497.7 crore in Q4FY24. The company attributed the performance to enhanced operational efficiency, stronger customer acquisition metrics, and growing demand across its financial services. In addition, Capri Global's board has recommended a final dividend of ₹ 0.20 per equity share for the financial year ending March 31, 2025. This dividend will be subject to shareholder approval at the forthcoming Annual General Meeting. Despite Tuesday's decline, Capri Global shares have shown notable recovery this month. The stock has gained around 16 percent in June so far, bouncing back from a weak trend observed in April and May, where it declined 5 percent and 6 percent, respectively. In March, the stock had seen a modest uptick of 6.5 percent. However, on a one-year basis, the stock remains 16 percent lower, weighed down by broader market conditions and sectoral concerns. It continues to trade nearly 27 percent below its 52-week high of ₹ 236, which it touched in June 2024. The stock had also tested a 52-week low of ₹ 150.60 earlier this month. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
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Business Standard
3 days ago
- Business
- Business Standard
Capri Global shares zoom 13% in trade today; why are investors buying?
Capri Global Capital share price zoomed 12.9 per cent in trade on Monday, June 9, 2025, logging a day's high at ₹171.5 per share on BSE. The buying on the counter came after the company launched its auto pay for gold loans. At 11:10 AM, Capri Global shares were trading 12.31 per cent higher at ₹170.6 per share on the BSE. In comparison, the BSE Sensex was up 0.45 per cent at 82,555.85. The company's market capitalisation stood at ₹14,076.48 crore. Its 52-week high was at ₹236 per share and 52-week low was at ₹150.6 per share. What is auto pay for gold loans? Auto pay facility for gold loans is designed to make gold loan repayments more convenient, secure, and hassle-free for customers. The auto pay feature offers customers a hassle-free and secure repayment experience by automatically debiting the due amount from their registered bank account on the scheduled date. This reduces the risk of missed payments and late penalties. The service is enabled through a standing instruction or mandate provided at the time of loan disbursal. With auto pay, customers benefit from a secure and seamless repayment process, eliminating the need for manual payments or branch visits. Earlier, Capri Loans had introduced an AI-powered WhatsApp Chatbot that allows customers to manage their gold loan accounts anytime, from anywhere. Through this facility customers can make secure payments, view account details, check interest dues, and access important documents—all without visiting a branch. About Capri Global Capital Ltd Capri Global Capital Limited (Capri Loans) is a diversified Non-Banking Financial Company (NBFC). Capri Loans offers tailored product solutions to unbanked and underserved customers as last mile credit delivery across Northern and Western geographies, through its strong network of 1000+ branches spread across 19 States and Union Territories. With an AUM of over Rs 22,857+ Crore and serving over 7 Lakh customer accounts through more than 11,000 employees, Capri Loans operates in high-growth segments such as MSME Loans, Gold Loans, Construction Finance and offers Affordable Housing Loans through its 100 per cent subsidiary Capri Global Housing Finance Limited (CGHFL).
Business Standard
3 days ago
- Business
- Business Standard
Capri Global soars after launching auto pay feature for gold loans
Capri Global Capital surged 10.14% to Rs 167.30 after the company launched the auto pay facility for gold loans, eliminating the need for manual payments or branch visits. This new feature is designed to make gold loan repayments more convenient, secure, and hassle-free for customers. The smart auto pay feature offers customers a hassle-free and secure repayment experience by automatically debiting the due amount from their registered bank account on the scheduled date. This reduces the risk of missed payments and late penalties. With auto pay, customers benefit from a secure and seamless repayment process, eliminating the need for manual payments or branch visits. Earlier, Capri Loans had introduced an AI-powered WhatsApp Chatbot that allows customers to manage their gold loan accounts anytime, from anywhere. Ravish Gupta, business head Gold Loans, said, "At Capri Loans, our focus is to empower customers with smart, digital-first solutions that simplify their financial journey. The Auto Pay facility ensures timely repayments without the need to remember due dates. It reflects our continued commitment to enhance customer experience through technology-driven, user-friendly services. These innovations are part of our larger vision to build a robust phygital ecosystem that combines the reliability of human interaction with the convenience of digital tools. Capri Global Capital (Capri Loans) is a diversified non-banking financial company (NBFC) offers tailored product solutions to unbanked and underserved customers as last mile credit delivery across Northern and Western geographies. It operates in high-growth segments such as MSME Loans, gold loans, construction finance and offers affordable housing loans through its 100% subsidiary Capri Global Housing Finance (CGHFL). The companys consolidated net profit jumped 115.2% to Rs 177.74 crore on 47.6% increase in total income to Rs 958.05 crore in Q4 FY25 over Q4 FY24.
Mint
3 days ago
- Business
- Mint
Capri Global Capital shares soar nearly 13% after launch of auto pay for gold loans
Shares of Capri Global Capital Ltd (Capri Loans) rallied nearly 12 percent in intra-day trading on Monday, June 9, after the company announced the launch of a new Auto Pay facility for gold loans, aimed at enhancing customer convenience and supporting its ongoing digital transformation journey. The latest offering is part of Capri Loans' strategy to strengthen its phygital ecosystem—a blend of physical and digital services—by deploying smart, technology-enabled solutions that streamline the borrower experience. Investors cheered the announcement, driving the stock to as high as ₹ 169.75, marking an 11.7 percent intraday jump. In a press release, Capri Global stated that its new Auto Pay feature will enable automatic debit of loan repayments from a customer's registered bank account on scheduled dates. This seamless repayment mechanism, activated through a standing instruction or mandate at the time of loan disbursal, helps eliminate the risk of missed payments or late penalties. The facility not only offers convenience but also enhances financial discipline among borrowers. Ravish Gupta, Business Head – Gold Loans at Capri Loans, emphasized the customer-centric nature of the innovation. 'At Capri Loans, our focus is to empower customers with smart, digital-first solutions that simplify their financial journey. The Auto Pay facility ensures timely repayments without the need to remember due dates. It reflects our continued commitment to enhance customer experience through technology-driven, user-friendly services,' he said. The company had earlier rolled out an AI-powered WhatsApp chatbot, which allows customers to manage their gold loan accounts from anywhere, 24x7. Through this chatbot, users can make payments, check interest dues, view account details, and access important documents without visiting a physical branch—underscoring Capri's efforts to digitize every aspect of the customer experience. Following the announcement, Capri Global Capital's stock surged 12.9 percent to its intraday high of ₹ 171.50, though it remains about 28 percent below its 52-week high of ₹ 236, which was hit in June 2024. Earlier this month, the stock had touched a 52-week low of ₹ 150.60. Over the past one year, the stock has declined by more than 29 percent, reflecting broader challenges. However, the recent digital initiatives appear to have improved sentiment. The stock has gained nearly 13 percent in June alone, after falling 6 percent in May and 5 percent in April. In March, the stock had added 6.5 percent, following a weak spell between December 2024 and February 2025, during which it remained in negative territory for three consecutive months. Capri Global Capital's announcement comes shortly after a strong earnings report for Q4FY25, which revealed a 115.39 percent jump in consolidated profit after tax (PAT) to ₹ 177.7 crore, up from ₹ 82.5 crore in the same quarter last year. The surge was driven by robust growth across business segments. The company's revenue from operations for the quarter stood at ₹ 739.2 crore, marking a 48.52 percent increase compared to ₹ 497.7 crore in the March quarter of FY24. Capri Global's performance reflected improved operational efficiency, customer acquisition, and overall demand in lending products, including gold loans and affordable housing. Additionally, the company's board recommended a final dividend of ₹ 0.20 per share for the fiscal year ended March 31, 2025. The proposed dividend is subject to shareholder approval at the upcoming Annual General Meeting. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
