Taxable
Tax Category
31 Dec, 2026
Maturity Date
(2 Yr 25 D to mature)
Monthly
Interest Payment Frequency
Yes
NRI Eligibility
11 Dec, 2023
Allotment Date
NA
Put Date
31 Dec, 2024
Next Interest Payment Date
7 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
Fixed Interest
Coupon Basis
NaN%
Current Yield
Error Generating Cashflow 😥. We are looking into this.
Repayment Priority
Higher the level, higher the priority of investment repayment on default
Security with Collateral?
An investment secured with collateral helps
Navi Finserv Private Limited (formerly known as Chaitanya Rural Intermediation Development Services Private Limited) was formed in February 2012 to carry on the business of sourcing, underwriting and carrying on the business of lending to individuals and entities including micro, small and medium enterprises, rural credit and other body corporates across India and provide credit related services as an NBFC, including, inter alia, intermediation services for financial services agents and money transfer agents, credit linkage services, acting as a banking correspondent and generally carrying out all activities permissible to be carried out as an NBFC.
The ratio in FY24 is 4.15x and it was 9.09x in FY23, indicating decreased debt levels due to significant increase in profitability because of the one-time income from the sale of the brand ‘Chaitanya’ to NTL for Rs 35 crores and stake sale of 25% of CIFCPL to NTL for Rs 56.2 crore.
Debt/EBITDA
Ratio in FY24 is 2.31x and it was 1.46x in FY23, this indicates the increasing debt servicing ability of the issuer, due to significant increase profits in FY24.
Interest coverage ratio
Mar 27, 2024 | Navi Finserv Limited
Aug 23, 2024 | Navi Finserv Limited
Oct 22, 2024 | Navi Finserv Limited
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BOND VALUE DETAILS
Quote Not Available for purchase
Source: Issuer website, Rating Rationale, Issuer Annual Report, Information Memorandum and News from Google.