Security Name: 10.48% IIFL Samasta Finance Limited 28 Feb 2027
ISIN: INE413U08119
Taxable
Tax Category
28 Feb, 2027
Maturity Date
(1 Yr 6 D to mature)
Monthly
Interest Payment Frequency
No
NRI Eligibility
29 Feb, 2024
Allotment Date
NA
Put Date
29 Apr, 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
10.48%
Coupon
Fixed Interest
Coupon Basis
Quote Not Available
Current Yield
22 Apr, 2024
Record Date
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
Risk gauge from Low to High Safety. Needle points near High Safety. Credit rating is AA -/Watch (CRISIL).
| Rating agency | Rating | Needle position |
|---|---|---|
| CRISIL | AA -/Watch | near High Safety |
Repayment Priority
Higher the level, higher the priority of investment repayment on default
Security with Collateral?
An investment secured with collateral helps
LIQUIDITY INDICATOR #
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Transaction Count
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Volume Traded
as on -- (in Lakhs)
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Transaction Count
(since 3 months)
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Volume Traded
(since 3 months) (in Lakhs)
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# Updates every 15 minutes during market hours
# Last Updated: --
ISSUER
Founded in 2008 and headquartered in Bangalore, IIFL Samasta provides microloans for income generation and working capital. Following a major investment by IIFL Finance in FY2017, the company grew to serve 34.53 lakh customers via 1,660 branches across 22 states as of March 2025.
The ratio in FY25 is 7.42x and it was 5.34x in FY24, indicating significant increase in the debt level of the issuer due to increase in GNPAs, rising to 4.7% by the end of FY25 from 1.9% the previous year.
Debt/EBITDA
The ratio in FY25 is 1.02x and it was 1.75x in FY24, indicating a significant decrease in the company's debt-servicing ability. This decline is primarily due to an increase in credit costs including provisions and write-offs—which rose to 5.3% in FY25 from 3.1% in the prior year, further eroding profitability.
Interest coverage ratio
Recent News
Mar 27, 2024 | IIFL Samasta Finance Limited
Mar 27, 2024 | IIFL Samasta Finance Limited
Oct 28, 2024 | IIFL Samasta Finance Limited
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STEPS TO BUY THIS BOND
Information required for KYC
PAN Card
Bank Account Proof
Aadhaar Card
Demat Account Proof
How to exit the investment?
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.
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.
