Vivriti Capital Unlisted Shares
Vivriti Capital Ltd.
INE01HV01018
Listing Status: DRHP Not Filed
About Vivriti Capital Unlisted Shares
Overview of Vivriti Capital Unlisted Shares
Industry Overview:
Key Highlights:
- As of September 2023, NBFCs in the country have disbursed loans amounting $450 billion+
- Projected CAGR of the NBFC sector: 18.5% from 2021 – 2026
- NBFCs accounted for the highest share of 39.97% in vehicle finance credit outstanding in Fiscal 2023
- NBFC credit is expected to grow at a CAGR of 16 - 18% between Fiscals 2023 and 2025
Rural Market: Rural areas, which accounted for 47% of India's GDP, received just 8% of the overall banking credit as of March 31, 2023. This discrepancy highlights a significant market opportunity for banks and NBFCs to lend in these areas
MSME Industry Trends:
- NBFCs in the MSME segment operate with a yield in the range of 18-20%
- There are 630 lakh MSME corporates in India; only 250 lakhs have available credit from formal sources
- The sector is projected to grow at a CAGR of 2.5%
- MSME corporates are expected to reach 750 lakhs by FY23, with around 500 lakhs being New to Credit (NTC) MSMEs
- Demand for MSME loans surged by 33% in Q1 FY24
Vivriti Capital
Company Profile
Vivriti Capital, founded in 2017, is an Indian financial services company specializing in structured financing solutions. Headquartered in Chennai, it operates as a fintech non-banking financial company (NBFC). Vivriti has built significant expertise and a robust business model through specialized technology, curated products, multi-level underwriting, superior portfolio management and highly effective distribution.
Key Focus Areas
The company primarily caters to:
- Small and Medium Enterprises (SMEs)
- Microfinance Institutions (MFIs)
- Non-Banking Financial Institutions (NBFCs)
- Affordable Housing Finance Companies
Innovative Approach
Vivriti Capital leverages technology and data analytics to deliver innovative and customized financing solutions. By focusing on mid-market enterprises, which often face funding challenges, the Company aims to provide a level playing field traditionally reserved for premium-rated companies in India.
Achievements and Operations
- Client Base: As of March 2024, Vivriti Capital has a portfolio of loans to over 1.5 million SMEs and retail borrowers, and 300 companies across India.
- Workforce: The company employs over 400 professionals across Chennai, Mumbai, Bangalore, and Delhi-NCR.
- Rating: RStrong credit ratings (A (Stable) by ICRA; A+ (Stable) by CARE & A+ (Stable) by CRISIL) further solidify the Company's financial position.
- Portfolio Diversification: Utilizes a co-lending model to create a diversified retail book with low credit risks.
- Pioneers in deepening the under-penetrated market and building appetite toward mid-market enterprises, Vivriti manages a portfolio of Rs 8800+ Cr across 300 enterprises and 45+ sectors.
Product Portfolio:
Financial Products |
Description |
Term Loan |
Upfront lending for funding short-term and long-term growth. |
Working Capital Demand Loan |
Loans to fund day-to-day operations of a business. |
Supply Chain Finance |
Short-term credit for providing liquidity in the supply chain. |
Co-Lending |
Joint disbursal of loans to borrowers in the priority sector. |
Securitization |
Transforming illiquid assets into tradable securities. |
Non-Convertible Debentures (NCDs) |
Tools to raise long-term funds through a public issue. |
Services Offered through Group Companies:
- Debt Financing: Providing term loans, working capital loans, and other forms of debt to mid-sized corporates.
- Structured Products: Offering tailored financial solutions that meet the specific needs of businesses.
- Investment Banking: Assisting in raising capital and providing strategic financial advice.
- Financial Advisory: Offering expert advice to optimize financial performance and growth strategies.
Group Companies | Subsidiaries:
Vivriti Group, through its entities Vivriti Capital and Vivriti
Asset Management (VAM), is focused on transforming the mid-market lending
landscape in India. Here’s a breakdown of their key initiatives and offerings:
- Vivriti Capital (VCL): NBFC provides critical debt capital to mid-market enterprises.
- Vivriti Asset Management (VAM):
- Manages Category II Alternate Investment Funds (AIFs) specializing in corporate debt.
- Focuses on providing tailored debt solutions with a tenor of 2-4 years to mid-market operating companies.
- Attracts a diverse investor base including HNIs, UHNIs, banks, financial institutions, offshore investors, family offices, and foundations.
- Yubi (Fintech Brand) | CredAvenue Private Ltd.:
- Operates under the Vivriti Group umbrella, focusing on fintech solutions across financial services like spanning origination, credit evaluation, asset building, and monitoring/collections.
- Achieved rapid growth, becoming a unicorn in February 2022 with significant backing from venture capital firms.
- Financial Highlights:
- Vivriti Group boasts impressive figures such as an AUM (Assets Under Management) exceeding INR 10,500 Cr (as of March 31, 2024), with substantial contributions from both VCL and VAM.
Insights of Vivriti Capital Unlisted Shares
Financial Highlights:
Consolidated Statement
Particulars (In INR CR) | FY24 | FY23 |
Revenue | 1079 | 688 |
EBITDA | 788 | 555 |
PAT | 3 | -122 |
Standalone Statement
Particulars (In INR Cr) | FY24 | FY23 |
Revenue | 1024 | 653 |
EBITDA | 785 | 553 |
PAT | 191 | 129 |
Vivriti has achieved strong standalone profitability, but its consolidated PAT was impacted
by losses from its group company YUBI.
Recently, Vivriti reduced its stake in YUBI by 49%, which is expected to
improve its profitability.
Quarterly Performance:
- Vivriti Capital posted a revenue of Rs. 321 Cr in Q1 FY25, 49% higher from Q1 FY24's revenue of ₹216 Cr
- Vivriti’s bottom line saw a flattish growth rate of 6% to ₹55 Cr in Q1 FY25 from ₹52 Cr of Q1 FY24, despite a robust revenue rise
Key Highlights of FY24:
- Return on Equity: 12.11% | Return on Asset: 3.12%
- Gross NPA: 1.09% | Net NPA: 0.46%
- Client Base: Expanded to over 400 enterprises, with more than 100 new enterprises onboarded across various products and sectors
- Sector Presence: Expanded presence across 45+ sectors like EPC T&D, Paper Trading, Food Processing, Equipment Rental, EV Battery Manufacturing etc
- Collection Efficiency: Achieved a high collection efficiency of 95.9% as of 31st March 2024, indicating excellent asset quality
Funding Details:
The Company has a solid track record of raising money from accredited investors and has raised approximately INR 1300 Crs. since inception The history of fund raise by the Company is as follows.
Round | Time | Size (In INR Cr) | Valuation(In INR Cr) |
Series D | Nov, 2023 | 100 | 14,039 |
Series C2 | May, 2022 | 221 | 10,284 |
Series C | Mar, 2022 | 317 | 9,967 |
Series B2 | Sep, 2020 | 100 | 1,985 |
Series B | Mar, 2020 | 364 | 1,600 |
Series A2 | May, 2019 | 75 | 442 |
Top Investors:
SWOT Analysis:
Valuation:
Particulars | Based on consolidated financials | Based on standalone financials |
M.CAP (In INR Cr) | 11,934 | 11,934 |
Price/sh | 1,025 | 1,025 |
P/E | 3015 | 62.48 |
P/B | 3.97 | 6.30 |
P/S | 11.06 | 11.65 |
P/AUM | 1.52 | 1.52 |
* Data are as of Oct, 2024
Peer Comparison:
Companies | M.CAP | Price/sh. | AUM | P/E | P/S | P/B | P/AUM |
Vivriti Capital | 11,934 | 1,025 | 7,830 | 3014.71 | 11.06 | 3.97 | 1.52 |
Northern Arc Capital | 4,153 | 257 | 11,868 | 13.5 | 2.20 | 1.87 | 0.35 |
Poonawalla Fincorp | 29,371 | 378 | 25,000 | 24.1 | 8.65 | 3.58 | 1.17 |
MAS Financial Services | 5,456 | 301 | 10,000 | 20.5 | 4.01 | 2.77 | 0.55 |
*Data are as of Oct, 2024
Financial Charts of Vivriti Capital Unlisted Shares
Balance Sheet of Vivriti Capital Unlisted Shares
Profit and Loss of Vivriti Capital Unlisted Shares
Ancillary of Vivriti Capital Unlisted Shares
Ratio Analysis
Peers
Industry Benchmarking
Segment Revenue
Subsidaries
Security Allotment
Corporate Governance
Team Management Details
FAQs of Vivriti Capital Unlisted Shares
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How to buy Vivriti Capital Ltd.?
Below are three ways through which you can purchase Vivriti Capital Ltd.:
- We at Altius Investech have many actively traded scripts and are market makers of unlisted shares. To check out all the unlisted shares traded. (Click on link). To submit a request to buy Vivriti Capital Ltd., please click on the trade button at the top of this page
- Additionally, you can download our app from your play store or app store, register on our application, and engage in active trading there.
Download the Altius App here https://onelink.to/hf4m72 - You can also reach out to us at : +91 8240614850 / +91 8240861716
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How to sell Vivriti Capital Ltd.?
Below are three ways through which you can sell Vivriti Capital Ltd.:
- We at Altius Investech have many actively traded scripts and are market makers of unlisted shares. To check out all the unlisted shares traded. (Click on link). To submit a request to sell Vivriti Capital Ltd., please click on the trade button at the top of this page
- Additionally, you can download our app from your play store or app store, register on our application, and engage in active trading there.
Download the Altius App here https://onelink.to/hf4m72 - You can also reach out to us at : +91 8240614850 / +91 8240861716
-
What is the price of Vivriti Capital Ltd.?
We provide a two way quote on all the shares we deal in. Your buy price for Vivriti Capital Ltd. is ₹925 and your sell price for Vivriti Capital Ltd. is ₹700. The price is based on our estimates and market conditions.
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What is the lock-in period of Vivriti Capital Ltd.?
The lock-in period for Vivriti Capital Ltd. varies depending on the category of investors:
- For retail Investors, HNIs, or Body Corporates, the lock-in period is 6 months from the date of the listing of Vivriti Capital Ltd.
- For Venture Capital Funds or Foreign Venture Capital Investors, there is a lock-in period of 6 months from the date of acquisition of Vivriti Capital Ltd.
- For AIF-II (Alternative Investment Funds - Category II), there is no lock-in period
August 2021 saw the introduction of this regulation by SEBI. The purpose of the regulation change, which lowered the lock-in period from a year to six months, was to incentivize additional investments in firms getting ready for initial public offerings, or IPOs. Since its introduction, a number of Portfolio Management Services (PMS) have advised their clients to purchase Pre-IPO shares in order to take advantage of the advantages associated with early-stage investments. This reduction in the lock-in period is considered as a significant step forward.
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How is the Vivriti Capital Ltd. price calculated?
Fundamental & Comparative valuation models and the forces of demand and supply in the market for unlisted shares dictate the price. These prices are based on our estimates and transaction history of Vivriti Capital Ltd.. The price is also determined from the most recent funding round for Vivriti Capital Ltd.. This provides us with a benchmark valuation, offering a clear indication of the company's current market value as perceived by investors and industry experts.
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What are the lot sizes of Vivriti Capital Ltd.?
We can generally arrange lot sizes starting with an investment of INR 20,000. To confirm the lot sizes of Vivriti Capital Ltd. with us kindly click here.
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What are the financials of Vivriti Capital Ltd.?
The financials of Vivriti Capital Ltd. which includes the P/L of Vivriti Capital Ltd. and the Balance Sheet of Vivriti Capital Ltd. is in the financials section (Click on link).
-
Where can I find the annual report of Vivriti Capital Ltd.?
The annual report of Vivriti Capital Ltd. is available in the annual report section (Click on link).
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Is buying Vivriti Capital Ltd. legal in India?
Yes, buying and selling unlisted shares in India is indeed 100% legal. This activity is regulated and governed under the guidelines provided by the Securities and Exchange Board of India (SEBI). Investors and traders must adhere to these regulations and guidelines to ensure compliance with legal and financial standards. It's important for participants in the unlisted share market to be aware of and understand these regulations to engage in transactions legally and securely.
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Short-term Capital Gain taxes to be paid on Vivriti Capital Ltd.?
When you sell unlisted shares within a period of two years from the date of acquisition, any profit earned from the sale is classified as Short-term Capital Gain (STCG). This gain is then added to your total income for that financial year. The tax on this short-term capital gain is calculated based on your applicable individual income tax slab rates. Therefore, the rate at which you will pay tax on the STCG from unlisted shares depends on your total income, including this gain, and the tax slab it falls under as per the prevailing income tax laws in India. It's important for investors to consider these tax implications when engaging in transactions involving unlisted shares.
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Long-term Capital Gain taxes to be paid on Vivriti Capital Ltd. and how are They Taxed?
Long-term Capital Gains (LTCG) on unlisted shares in India refer to the profits earned from the sale of unlisted shares that have been held for more than two years. The key aspects of LTCG on unlisted shares include:
- Tax Rate: LTCG on unlisted shares is taxed at a rate of 20%.
- Indexation Benefit: This is a significant advantage for investors. Indexation allows for adjusting the purchase price of the shares for inflation, which can reduce the taxable gain.
- Importance for Investors: Understanding LTCG is crucial, especially for High Net-worth Individuals (HNIs) and retail investors, as it impacts their investment strategy and tax planning. Knowing these details helps in making informed investment decisions.
- Calculation: LTCG is calculated by subtracting the indexed cost of acquisition (the purchase price adjusted for inflation) from the sale price of the shares. The profit thus calculated is subject to a 20% tax.
- Applicability: LTCG tax is applicable to profits from the sale of unlisted shares held for more than two years.
- Relevance: This tax is particularly relevant to investors in the unlisted share market, including those considering selling their holdings after a period of more than two years.
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Applicability of Taxes on Vivriti Capital Ltd. once it is listed?
When shares initially bought in the unlisted market become listed, the taxation rules change significantly if these shares are sold through a stock exchange. Here's what investors need to know:
Transition to Listed Market Tax Rates: Once unlisted shares are listed on the stock exchange and subsequently sold, the tax rates applicable to listed securities come into effect. This shift means that the favourable tax treatments for listed shares, as per the prevailing tax laws, will apply.
Taxation Based on Holding Period: The crucial factor in determining the type of capital gains tax (Long-term or Short-term) is the holding period of the shares. Importantly, this period is calculated from the original purchase date when the shares were unlisted.
Long-term vs. Short-term Capital Gains: If the shares are sold after being held for more than one year from the date of purchase (including the period when they were unlisted), they are subject to Long-term Capital Gains (LTCG) tax.
Conversely, if sold within one-year, Short-term Capital Gains (STCG) tax rates apply.
Significance for Investors: This information is vital for investors in the unlisted market, as it impacts their tax planning and decision-making process. Understanding these nuances ensures that investors can strategically plan the sale of their shares post-listing to optimize tax implications.
Advice for Investors: It's advisable for investors to keep a record of their purchase dates and monitor the listing dates closely. Additionally, staying updated with the latest tax regulations or consulting with a financial advisor is recommended for accurate tax calculations and compliance. -
How does Altius Investech source Vivriti Capital Ltd.?
At Altius Investech, our approach to sourcing Boat Unlisted Share (Imagine Marketing) involves a strategic and direct method. Primarily, we acquire these shares from the below key groups:
Employees of the Company: Employee stock option plans (ESOPs) or other compensation packages frequently include shares for firm employees. For a various reasons, such as including portfolio diversification or financial considerations, some of these employees may eventually choose to sell their shares. We engage with these employees, providing them a platform to sell their shares.
Initial Investors: These are the angel or early-stage investors who provided capital to the business in its early stages. These original investors may look to sell all or part of their ownership position in the company as it develops and flourishes. This might be done for various reasons such as in order to maximise their investment, reallocate resources, or make other calculated financial decisions.
Funding rounds and VC funds: Altius Investech sources the shares from private placement rounds in which private companies seek to obtain capital from the market. Through our platform, venture capital funds can liquidate their shares and we receive the inventory from them when they decide to sell a portion of their ownership through block trades.
By establishing connections with these groups, Altius Investech guarantees our clients a steady and dependable supply of Boat Unlisted Share (Imagine Marketing). This process not only makes it easier for employees and initial investors in liquidating their assets, but it also gives our clients access to shares that aren't often found on the open market. Our platform effectively facilitates a win-win situation for both buyers and sellers. -
How to trust Altius Investech before buying Vivriti Capital Ltd. from its platform?
Altius Investech stands at being India's fastest growing and leading marketplace for buying and selling unlisted shares. We believe in enabling access to alternative sources of investments at lower entry barriers to private equity investments.
With more than 25 years of experience, Altius Investech has carved a niche in the financial market by serving more than 8000 clients. The incredible journey is further highlighted by the vast number of transactions that Altius Investech has facilitated transactions that have already exceeded 300 crores.
For investors Altius Investech curates investment opportunities in companies at reasonable valuations which are on the verge of an IPO leading to massive value unlocking. Investments are backed by thorough research and sound investment thesis, with a time bound exit plan.
For ESOP Shareholder and existing Investors, we assist them to liquidate their shares even if they are not publicly traded by creating a platform where we find the right buyers and sellers for the best prices.
Altius Investech have been featured in top media news outlets like Economic Times, Financial Express, Money control. Check out about us on these - leading publications (Click on link) Our journey over these years has not just been about numbers; it's been about building trust and reliability.
We at Altius Investech are dedicated to upholding the greatest levels of ethics and transparency, making sure that your investment experience is not only profitable but also safe and reliable.
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