Credent Global Finance Raises Rs 30 Crore via QIP
Credent Global Finance has successfully executed a capital raise of 30 crore through a Qualified Institutional Placement (QIP) to accelerate its strategic expansion. The company allocated 1.00 crore equity shares to institutional investors at an issue price of 30 per share. This move has increased the total paid-up equity share capital to 12.29 crore, providing the necessary liquidity to fund microfinance opportunities and enhance market presence.
The fundraising coincides with an exceptional financial performance for the third quarter of 2026. The company reported a 775% year-on-year surge in revenue, reaching 25.74 crore. Net profit for the same period skyrocketed by 3,773%, touching 18.02 crore compared to the previous year. This growth reflects the company’s aggressive disciplined execution and its focus on high-potential credit segments.
Market data as of late February 2026 shows the stock trading near 31.90, maintaining a steady uptrend. The company currently holds a market capitalization of approximately 194 crore. Shares have fluctuated within a 52-week range of 20.70 to 35.06, supported by strong institutional interest and an improving price-to-earnings ratio of roughly 7.27.
To drive this next phase of growth, the leadership team has been significantly strengthened. The board recently appointed Vikas Kataria as Executive Director and Samir Agarwal as CEO. These strategic additions are intended to enhance corporate governance and operational oversight as the firm scales its lending and advisory operations across new regions, including a recent branch expansion into Delhi.
The company remains positioned as a non-banking financial company with a diversified portfolio spanning money lending, asset management, and investment banking. With a strengthened balance sheet and fresh capital, the firm is now focusing on counter-cyclical investing and selective credit opportunities in Eastern India's microfinance sector to deliver long-term stakeholder value.
[Credent Global Finance QIP and Earnings Review](https://www.youtube.com/watch?v=FjC3L469h_I)
This video provides a detailed breakdown of the recent QIP results and quarterly financial highlights mentioned in the report.