| Market Cap | ₹155.6 CrBSE Smallcap |
|---|---|
| Promoter Holding | 74.98%Pre-Issue |
| 1-Year Return | -17.9%Stock Performance |
| Execution period | Issue opening November 16, 2026; closing November 27, 2026; listing on or about December 3, 2026 |
| Deal value | ₹79.62 Cr |
| Share of market cap | 51.2% |
Key highlights
- Rights issue size of ₹79.62 crore through the issuance of 1.02 crore equity shares
- Issue price fixed at ₹78 per share, a 22.77% discount to the BSE closing price
- Entitlement ratio set at 3 rights shares for every 5 shares held as of November 4
- ₹63.30 crore allocated to augmenting the capital base for NBFC lending activities
- ₹15.00 crore earmarked for the repayment or prepayment of existing borrowings
- Promoters confirm intent to subscribe to their full entitlement in the issue
Terms of the Rights Offering
The Board of Directors of Crescentis Capital has approved the final Letter of Offer for the issuance of 1,02,08,129 fully paid-up equity shares. Priced at ₹78 per share, which includes a premium of ₹68, the issue aggregates to ₹7,962.34 lakhs. The pricing represents a 24.72% discount to the 10-day volume-weighted average price (VWAP) on the BSE preceding the announcement.
Eligible equity shareholders holding shares on the record date of November 4, 2026, will be entitled to subscribe in a ratio of 3 rights equity shares for every 5 existing equity shares held.
Strategic Deployment of Funds
- ₹6,330.00 lakhs to augment the capital base and increase operational scale for NBFC activities
- ₹1,500.00 lakhs for repayment or prepayment of borrowings from Bajaj Finance and Aditya Birla Capital
- ₹62.34 lakhs reserved for general corporate purposes to meet administrative and exigency expenses
- ₹70.00 lakhs allocated to cover estimated issue-related expenses including legal and regulatory fees
Financial Performance Context
The fundraise follows a period of significant growth for the company. In the quarter ended June 30, 2026, Crescentis Capital reported operating revenue of ₹10.94 crore, reflecting a 121% increase over the same period last year. Net profit for the quarter surged 133% YoY to ₹7.82 crore.
The company's operating margin stood at 89.3%, up from 83.3% a year ago. This capital infusion is designed to land on a balance sheet with ₹14.49 crore in total borrowings as of March 2026, facilitating a shift toward more aggressive lending in high-demand segments like MSME and renewable energy finance.
Promoter Commitment and Historical Precedent
Promoters Dr. Bhaskara Rao Bollineni and Mr. Bhavanam Ruthvik Reddy have issued subscription intent letters confirming they will subscribe to their full entitlements.
They may also pick up unsubscribed portions, provided their aggregate holding remains within minimum public shareholding limits. This is the company's second rights issue in two years; a previous ₹49.04 crore issue was completed in June 2025 at ₹70 per share, with funds similarly deployed to bolster the company's capital base for lending.
| Date | Announcement | Amount |
|---|---|---|
| 29 Oct 2026 | Rights issue terms finalized (1,02,08,129 equity shares at Rs 78 each; 3:5 ratio)Source: BSE filing | ₹79.62 Cr |
| 30 Sep 2026 | Rights issue of equity shares and Draft Letter of Offer approvedSource: stockscans.in | ₹80.00 Cr |
| 29 May 2026 | Rights issue of equity shares up to Rs 80 crore approvedSource: BSE filing | ₹80.00 Cr |
| 09 Jun 2025 | Rights issue Letter of Offer and application documents approved (70,05,579 equity shares at Rs 70 each)Source: BSE filing | ₹49.04 Cr |
| 28 May 2025 | Rights issue terms and record date approved (7:10 ratio at Rs 70 each)Source: indiainfoline.com | ₹49.04 Cr |
| 27 Mar 2025 | Draft Letter of Offer approved for Rights Issue of equity sharesSource: inshorts.com | ₹50.00 Cr |
What to watch next
- Record date for rights eligibility on November 4, 2026
- Subscription window scheduled to open on November 16, 2026
- Issue closing date and finalization of allotment on November 27, 2026
- Listing and commencement of trading for rights shares on or about December 3, 2026
| Share price | ₹91.45 |
|---|---|
| Market capitalisation | ₹155.59 Cr |
| Revenue (annual) | ₹1.48 Cr |
| Net profit (annual) | -₹2.53 Cr |
| Revenue (latest quarter) | ₹10.94 Cr+247.01% vs previous quarter |
| Net profit (latest quarter) | ₹7.82 Cr+206.35% vs previous quarter |
| P/E (TTM) | 132.08×Sector 19.07× |
| Promoter holding | 74.98%0.00% QoQ |
| FII holding | 0%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by Crescentis Capital Limited announcing the approval of the Letter of Offer for its rights issue. Market figures from a third-party data provider.
