AlphaGrep Raises ₹200 Crore Through NCDs, Plans to Step Up AI and Retail Push
Last Updated: 8th September 2026 - 05:31 pm
High-frequency trading firm AlphaGrep has raised ₹200 crore through non-convertible debentures (NCDs), turning to the debt market as it looks to put more money behind artificial intelligence, machine learning and its growing retail-facing businesses.
The secured, redeemable NCDs carry an annual coupon of 10.5% and have a one-year tenure. They will be listed on the debt segment of the National Stock Exchange (NSE).
The fundraising comes shortly after AlphaGrep’s credit rating was upgraded to CRISIL A+.
Where Will the ₹200 Crore Go?
A large part of AlphaGrep’s next phase appears to be centred around technology and businesses that take the group beyond its traditional proprietary trading operations.
The company plans to use the proceeds to strengthen its AI and machine-learning infrastructure, while also directing capital towards its retail-focused businesses.
That expansion is already underway. AlphaGrep has launched three schemes under its quantitative mutual fund business and is working on more schemes, alongside other retail-focused fintech businesses.
AlphaGrep Expands Beyond Proprietary Trading
Over time, AlphaGrep has widened its presence beyond high-frequency proprietary trading and moved into asset management.
Its asset-management operations now span India, GIFT City, the UK and China. Across these businesses, the group’s global assets under management have crossed $2 billion.
The ₹200-crore bond issue therefore comes at a point when AlphaGrep is building out newer areas alongside its established trading business. With the capital raised for a one-year period at a 10.5% coupon, the company is directing the proceeds towards technology infrastructure and the expansion of businesses aimed at retail investors.
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