Security Name: 10.25% Hiranandani Financial Services Private Limited 24 Sep 2027
ISIN:
INE07UF07018
Taxable
Tax Category
30 Mar, 2027
Call Date
(1 Yr 11 Mo to call)
Monthly
Interest Payment Frequency
Yes
NRI Eligibility
23 Sep, 2024
Allotment Date
30/03/2027
Put Date
31 May, 2025
Next Interest Payment Date
15 days
Shut Period
Both
Active on NSDL/CDSL
Non-Guaranteed
Type of Guarantee
No
Perpetual
Private Placement
Mode of Issue
Listed
Listing Details
Non Public Sector Undertaking
Type of Issuer
Quote Not Available
Dirty Price
10.25%
Coupon
Variable Others
Coupon Basis
Quote Not Available
Current Yield
YOUR EARNING
Your Investment
Final Payout
₹0
Error Generating Cashflow 😥. We are looking into this.
*All Interest Payments will be subject to TDS (Not Applicable on Government Securities and Tax Free Bonds)
YOUR RISK
Repayment Priority
Higher the level, higher the priority of investment repayment on default
Security with Collateral?
An investment secured with collateral helps
ISSUER
Hiranandani Financial Services Private Limited
Hiranandani Financial Services Private Limited (HFS) was incorporated on February 10, 2017, HFS received the Certificate of Registration (COR) dated June 7, 2018, from the Reserve Bank of India (RBI) to carry on non-banking financial institutions. The company is presently categorised as systemically important non-deposit taking NBFC in accordance with RBI guidelines. The company is a part of the HOH Group, founded by Surendra Hiranandani and is managed by his son, Harsh Hiranandani. The HOH Group is a pioneer in developing upscale real estate projects. The company is engaged in providing secured loans to micro, small and medium enterprises (MSME) and operates in nine states as on March 31, 2024.
The ratio in FY24 is 1.43x and it was 2.48x, indicating decrease in the debt servicing ability of the issuer to increase in the interest on borrowings which led to overall increase in the finance cost.
Debt/EBITDA
Interest coverage ratio
Recent News
Hiranandani’s JV with Blackstone lines up Rs 4,500-cr investment
Oct 01, 2024 | Hiranandani Financial Services Private Limited
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PAN Card
Bank Account Proof
Aadhaar Card
Demat Account Proof
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To know more about the Bond and the issuer, download the Information Memorandum.
To read about the reasons for the ratings assigned to the Bond, download the Rating Rationale.
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BOND VALUE DETAILS
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Total Investment
| Cashflow for INE07UF07018 |
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| Disclaimer: The actual dates and interest amounts can vary depending on Bank closures, holidays etc. Tax Deducted at Source (TDS) is applicable on interest receivable based on relevant tax regulations. You can avail TDS credit while filing your Income Tax Return (ITR). |
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| Security Name |
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| 10.25% Hiranandani Financial Services Private Limited 24 Sep 2027 |
| Credit Rating |
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| A+ Stable by CARE |
| Coupon Frequency |
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| Monthly |
| Face Value |
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| ₹1,00,000 |
| Coupon |
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| 10.250000% |
| YTM or YTC |
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| YTC |
| Call Date |
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| 30/03/2027 |
| Security |
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| Senior Secured |
| No. of Bonds |
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| 1 |
| Settlement Date |
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| Principal Amount |
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| ₹NaN |
| Accrued Interest |
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| ₹NaN |
| Stamp Duty |
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| ₹0 |
| Total Amount Payable |
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| ₹NaN |
| Price |
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| ₹NaN |
| Yield |
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| Year | Payment Date | Amount | Amount after TDS | Payout Type |
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Quote Not Available for purchase
Disclaimer: Investments in Debt Securities/ Municipal Debt Securities/ Securitised Debt Instruments are subject to risks including delay and/ or default in payment. Read all the Offer Related documents carefully.
Source: Issuer website, Rating Rationale, Issuer Annual Report, Information Memorandum and News from Google.
