SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Satin Creditcare Network plans to raise Rs 200 crore through QIP route: Report

22 Jul 2016 Evaluate

In order to cash out a strong growth in the microfinance industry, Satin Creditcare Network (SCNL) is reportedly planning to raise Rs 200 crore through a qualified institutional placement (QIP). A QIP is a sale of securities to institutional investors by a listed company. The company has initiated talks with investment banks as fund-raising environment gets better for micro lenders. 

Earlier on June 30, the company has received its board’s approval for raising equity capital of up to Rs 250 crore.  The company’s gross loan portfolio increased by 53 percent year-over-year (Y-o-Y) to Rs 3,270 crore in FY16. In that fiscal, the company’s revenue grew 72 percent Y-o-Y to Rs.558.5 crore, while its profit increased 83 percent Y-o-Y to Rs.57.9 crore.

Satin Creditcare Network was formed as a Non-Banking Finance Company (NBFC) and has expanded and evolved into one of the leading microfinance institutions in India with its current geography in North as well as Central India.

Satin Creditcare Share Price

214.80 2.25 (1.06%)
11-May-2026 16:59 View Price Chart
Peers
Company Name CMP
Power Finance Corp 448.30
REC 351.45
Indian Railway Fin. 103.10
NHIT 160.00
Satin Creditcare 214.80
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×