Credifin Limited has completed a fundraise of Rs 46.1 crore through the full subscription and allotment of 1,84,42,510 warrants at an issue price of Rs 25 per share, comprising a face value of Rs 10 and a premium of Rs 15.
Following the conversion of these warrants into equity shares, the company’s share capital has increased from Rs 12.38 crore to Rs 30.82 crore, divided into 3,08,29,340 shares of Rs 10 each.
Credifin, registered with the Reserve Bank of India since 1998, operates as a non-deposit taking NBFC offering mortgage loans against property (LAP) and EV financing, including e-rickshaws, e-loaders, and electric two-wheelers.
Commenting on the development, Shalya Gupta, Managing Director and CEO, Credifin Limited, said, “We are thankful to our investors for reposing their faith in our company by subscribing to our preferential issue of warrants. This capital infusion strengthens our financial base through a balanced mix of debt and equity. While the company continues to grow rapidly, we remain committed to our ethos, values, and strong risk safeguards. Even amid challenging macroeconomic conditions, we maintain rigorous oversight of our loan portfolios and leverage AI to streamline our processes.”
Established in 1992, Credifin operates across 14 states and union territories, with a presence in over 200 locations and a workforce of 750+ employees. The company reported an AUM exceeding Rs 375 crore for Q1 FY2025–26, driven by its focus on secured MSME mortgage lending and EV financing.
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