Credent Global Finance Raises ₹30 Crore Through Qualified Institutions Placement

Credent Global Finance Limited has successfully raised ₹30 crore through a Qualified Institutions Placement (QIP), strengthening its capital base and financial position. The company informed BSE Limited through a regulatory filing that its Board of Directors approved the allotment of 1,00,00,000 fully paid-up equity shares at an issue price of ₹30 per share, including a premium of ₹28 per share.

The announcement was made in compliance with the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and relevant provisions of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

This capital-raising exercise marks an important development for the company as it seeks to enhance its operational capabilities and financial strength.

Key Details of the QIP

The Qualified Institutions Placement was conducted under Chapter VI of the SEBI ICDR Regulations and Sections 42 and 62(1)(c) of the Companies Act, 2013.

Here are the important highlights:

• Total Shares Allotted: 1,00,00,000 equity shares

• Face Value: ₹2 per share

• Issue Price: ₹30 per share

• Premium: ₹28 per share

• Total Funds Raised: ₹30,00,00,000 (₹30 crore)

• Issue Opening Date: February 17, 2026

• Issue Closing Date: February 19, 2026

The Board meeting that approved the allotment commenced at 09:00 P.M. IST and concluded at 10:10 P.M. IST on February 19, 2026.

Increase in Paid-Up Share Capital

Following the allotment of shares under the QIP, the company’s paid-up equity share capital has increased significantly.

Before the issue:

• Paid-up capital: ₹10,29,22,460

• Number of shares: 5,14,61,230 equity shares

After the issue:

• Paid-up capital: ₹12,29,22,460

• Number of shares: 6,14,61,230 equity shares

This increase reflects the addition of 1 crore new equity shares, strengthening the company’s equity base.

Major Institutional Allottees

The company also disclosed details of investors who were allotted more than 5% of the securities offered in the QIP. Three major institutional investors participated, each classified under FPI Category I.

1. MAGNIFICA GLOBAL OPPORTUNITIES VCC – MGO HIGH CONVICTION FUND INCORPORATED VCC SUB-FUND

• Shares Allotted: 20,00,000

• Percentage of Issue: 20%

2. AL MAHA INVESTMENT FUND PCC – ONYX STRATEGY

• Shares Allotted: 40,00,000

• Percentage of Issue: 40%

3. MINERVA VENTURES FUND

• Shares Allotted: 40,00,000

• Percentage of Issue: 40%

Together, these three investors subscribed to the entire issue, reflecting strong institutional interest in the company’s growth prospects.

What Is a Qualified Institutions Placement?

A Qualified Institutions Placement (QIP) is a mechanism through which listed companies raise capital by issuing shares to Qualified Institutional Buyers (QIBs) without undergoing lengthy regulatory approvals required for public offerings.

QIBs typically include:

• Foreign Portfolio Investors (FPIs)

• Mutual Funds

• Insurance Companies

• Pension Funds

• Banks and Financial Institutions

QIPs are widely used because they are:

• Faster than public issues

• Cost-effective

• Targeted toward sophisticated investors

• Efficient for capital raising

For companies like Credent Global Finance Limited, a QIP offers flexibility and speed in mobilising funds.

Strategic Importance of the Fundraising

Raising ₹30 crore through a QIP significantly enhances the company’s financial strength. The fresh capital can be deployed for various strategic purposes, including:

• Expanding lending operations

• Strengthening working capital

• Reducing debt

• Investing in technology

• Exploring new business opportunities

A stronger capital base improves the company’s capital adequacy ratio, enhances investor confidence, and positions it for sustainable growth.

Regulatory Compliance and Transparency

The company has stated that the shareholding pattern before and after the issue will be submitted along with the listing application in accordance with Regulation 31 of SEBI Listing Regulations.

This ensures transparency and allows investors to understand the dilution impact and revised ownership structure.

Compliance with regulatory frameworks such as:

• SEBI Listing Regulations, 2015

• SEBI ICDR Regulations, 2018

• Companies Act, 2013

demonstrates corporate governance discipline and accountability.

Impact on Existing Shareholders

With the issuance of 1 crore new shares, there is a degree of equity dilution for existing shareholders. However, such dilution is often considered positive if the funds raised are used effectively to drive growth and profitability.

Key impacts include:

• Increased equity base

• Improved financial stability

• Potential long-term value creation

• Institutional investor confidence boost

The participation of reputed FPI Category I investors can also enhance market perception.

Institutional Confidence Signals

The allocation of 100% of the issue to three institutional investors indicates strong institutional confidence.

When foreign portfolio investors subscribe to a QIP, it generally signals:

• Positive assessment of business fundamentals

• Confidence in management

• Attractive valuation

• Growth potential

Such participation may also improve stock liquidity and visibility among institutional circles.

Market Implications

Fundraising announcements often influence stock price movements. Investors typically assess:

• Issue price versus market price

• Dilution percentage

• Utilisation of funds

• Institutional participation quality

If the QIP price is close to the prevailing market price, it reflects fair valuation. If it is at a discount, it may indicate strategic pricing to attract institutional demand.

Broader Context in the Financial Sector

In recent years, many non-banking financial companies and finance sector players have relied on QIPs to strengthen capital amid evolving regulatory norms.

With increasing compliance requirements and capital adequacy norms, maintaining a strong equity base is crucial.

For Credent Global Finance Limited, this ₹30 crore infusion could support its lending portfolio expansion and operational scale-up.

Leadership Statement

The disclosure was signed by Aditya Vikram Kanoria, Managing Director of the company.

The timely completion of the QIP within three days, from February 17 to February 19, 2026, reflects efficient execution and strong institutional response.

Future Outlook

With enhanced capital and institutional backing, the company may focus on:

• Expanding customer base

• Strengthening risk management

• Enhancing digital platforms

• Improving profitability margins

Investors will watch upcoming quarterly results to assess how effectively the company deploys the raised funds.

Join our Telegram Channel for Latest News and Regular Updates.

Start your Mutual Fund Journey  by Opening Free Account in Asset Plus.

Start your Stock Market Journey and Apply in IPO by Opening Free Demat Account in Choice Broking FinX.