Security Name: 10.70% Indostar Capital Finance Limited 25 Sep 2027
ISIN:
INE896L07AA7
Taxable
Tax Category
25 Sep, 2027
Maturity Date
(2 Yr 6 Mo 29 D to mature)
Yearly
Interest Payment Frequency
Yes
NRI Eligibility
25 Sep, 2024
Allotment Date
NA
Put Date
25 Sep, 2025
Next Interest Payment Date
15 days
Shut Period
Both
Active on NSDL/CDSL
Non-Guaranteed
Type of Guarantee
No
Perpetual
IPO
Mode of Issue
Listed
Listing Details
Non Public Sector Undertaking
Type of Issuer
₹NaN
Dirty Price
10.7%
Coupon
Fixed Interest
Coupon Basis
10.4995%
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
Indostar Capital Finance Limited
IndoStar Capital Finance Ltd. (ICFL) is registered with the RBI as a systemically important non-deposit taking NBFC. The company started off with corporate lending in 2011, ventured into SME financing from 2015 and CV Financing from May 2017 to have a diversified and a granular portfolio. ICFL also diversified into retail home financing from FY18 through its subsidiary IndoStar Home Finance Private Limited (IHFPL).
The ratio in FY24 is 8.89x and it was 6.49x in FY23, indicating increase in debt levels, due to increase in the borrowings of the issuer in FY24.
Debt/EBITDA
The ratio in FY24 is 1.12x and it was 1.36x in FY23, indicating decrease in the debt servicing ability due to decrease in the profitability as well as increase in the finance cost in FY24.
Interest coverage ratio
Recent News
RBI imposes monetary penalty on Indostar Capital Finance Limited, Mumbai, Maharashtra
Mar 27, 2024 | Indostar Capital Finance Limited
Indostar Capital Finance gains over 8% ahead of ₹300-crore NCD issue launch on September 6
Sep 06, 2024 | Indostar Capital Finance Limited
Indostar Capital Finance Q2 Results Live: Profit Rises by 27.9% YoY
Nov 04, 2024 | Indostar Capital Finance Limited
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PAN Card
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Aadhaar Card
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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, send a request for the Rating Rationale. You will receive an email shortly.
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BOND VALUE DETAILS
Face Value
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Stamp Duty
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Total Investment
| Cashflow for INE896L07AA7 |
|---|
| 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). |
|---|
| Security Name |
|---|
| 10.70% Indostar Capital Finance Limited 25 Sep 2027 |
| Credit Rating |
|---|
| AA- / Stable by CARE |
| Coupon Frequency |
|---|
| Yearly |
| Face Value |
|---|
| ₹1,000 |
| Coupon |
|---|
| 10.700000% |
| YTM or YTC |
|---|
| YTM |
| Maturity Date |
|---|
| 25/09/2027 |
| Security |
|---|
| Senior Secured |
| No. of Bonds |
|---|
| 1 |
| Settlement Date |
|---|
| Feb 25,2025 |
| Principal Amount |
|---|
| ₹1,019.1 |
| Accrued Interest |
|---|
| ₹0 |
| Stamp Duty |
|---|
| ₹0 |
| Total Amount Payable |
|---|
| ₹1,019.1 |
| Price |
|---|
| ₹101.91 |
| Yield |
|---|
| 0% |
| Year | Payment Date | Amount | Amount after TDS | Payout Type |
|---|
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.
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