Crescentis Capital Announces Rs 79.62 Crore Rights Issue

Total Issue Size: Rs 79.62 crore; Issue Price: Rs 78 per share.

Reader Takeaway: Rights issue offers capital expansion for the NBFC arm, though non-underwritten status brings subscription execution risks.

What just happened

Crescentis Capital Ltd has formally announced a rights issue to raise Rs 79.62 crore by offering 1,02,08,129 new equity shares to its existing shareholders. The shares are priced at Rs 78 each, comprising a face value of Rs 10 and a share premium of Rs 68. The issue follows a 3:5 ratio, meaning shareholders are entitled to three new shares for every five currently held.

Why this matters

The company, which operates as an Investment and Credit Company, is looking to strengthen its balance sheet to support its lending business. With a significant portion of the funds (Rs 63.30 crore) earmarked for capital augmentation, the move aims to directly expand its credit outreach to the MSME, renewable energy, and healthcare sectors. Additionally, Rs 15 crore is allocated for debt repayment, which may help improve the firm’s leverage ratios.

Important Timelines

The record date for determining eligible shareholders is November 4, 2026. The issue will open for subscription on November 16, 2026, and close on November 27, 2026. On-market renunciation is permitted until November 20, 2026, with final allotment expected by November 30, 2026, and trading to commence on December 3, 2026.

Risks to watch

Since the issue is not underwritten, the final capital raised will depend entirely on investor participation. Potential investors should weigh this against the company's Q1 FY27 performance, which showed a profit after tax of Rs 7.82 crore on operating revenue of Rs 10.94 crore. Investors are advised to consult the Letter of Offer for specific risks related to borrower concentration and regulatory pressures within the NBFC-ICC space.