Credifin Limited today announced the successful completion of its fundraise amounting to Rs. 46,10,62,750 (Rs. Forty Six Crore, Ten Lakh, Sixty Two Thousand, Seven Hundred and Fifty Only). The fundraise was achieved through the issue and full subscription of 1,84,42,510 warrants at an issue price of Rs. 25 per warrant, which includes a face value of Rs. 10 and a premium of Rs. 15 per share.
With the conversion of these warrants into equity shares, the share capital of Credifin Limited has increased substantially from Rs.12,38,68,300 (divided into 1,23,86,830 shares of Rs. 10 each) to Rs.30,82,93,400, divided into 3,08,29,340 shares of face value Rs. 10 each.
Credifin Limited is a Reserve Bank of India (RBI) registered NBFC since 1998, specialising in mortgage loans against immovable property (Loan Against Property or LAP) and financing of electric vehicles, including E-rickshaws, E-loaders, and electric two-wheelers. The company is present across 14 states and union territories with operations in over 200 locations and employs more than 750 personnel. It closed Q1 of the fiscal year 2025-26 with an Asset Under Management (AUM) exceeding Rs. 375 Crores.
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Shalya Gupta, MD & CEO, Credifin Limited, said, “We express our sincere gratitude to our investors for their continued trust and support through the preferential issue of warrants. The infusion of capital strengthens our financial base, enabling us to pursue growth through a balanced approach of debt and equity. While we are growing rapidly, we remain committed to upholding our core values and risk safeguards. In the current challenging macroeconomic environment, we continuously oversee our loan portfolio and leverage AI-driven technologies to enhance operational efficiencies.”
