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AlphaGrep Raises Another –200 Crore via NCDs After First Issue Sells Out Rapidly
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CNBC TV18•01-10-2026, 21:24
AlphaGrep Raises Another –200 Crore via NCDs After First Issue Sells Out Rapidly
- •AlphaGrep, a global quantitative investment management firm, secured an additional –200 crore through a follow-on issue of secured, redeemable non-convertible debentures (NCDs), bringing its total NCD funding to –400 crore.
- •The second NCD issue was launched after the initial –200 crore issue sold out in under two weeks to over 15,000 investors, including mass affluent, family offices, and high-net-worth individuals.
- •Proceeds from the NCDs will accelerate AlphaGrep's AI and ML research and infrastructure, and fund the expansion of its retail-facing business in India, including new quantitative mutual fund schemes.
- •The firm's managing director and CEO, Mohit Mutreja, stated that the strong demand reflects confidence in their business model and their recently upgraded CRISIL A+ rating.
- •AlphaGrep plans to launch several new products, including GIFT City-based products and market-linked debentures, to diversify its portfolio and continue scaling its mutual fund and retail businesses in India.
Key Questions Answered
AlphaGrep has raised a total of ₹400 crore through two separate non-convertible debenture (NCD) issues, with each follow-on and initial raise bringing in ₹200 crore.
The proceeds will be used to accelerate the firm's artificial intelligence (AI) and machine learning (ML) infrastructure research, as well as to build out its retail-facing businesses in India.
Demand for the first issue came from a broad mix of investors, including high-net-worth individuals (HNIs), family offices, and mass affluent investors.
