Security Name: 10.80% Satin Finserv Limited 20 Sep 2026
ISIN:
INE03K307058
Taxable
Tax Category
20 Sep, 2026
Maturity Date
(1 Yr 2 Mo 23 D to mature)
Quarterly
Interest Payment Frequency
Yes
NRI Eligibility
20 Sep, 2024
Allotment Date
NA
Put Date
20 Sep, 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
₹NaN
Dirty Price
10.8%
Coupon
Fixed Interest
Coupon Basis
10.8691%
Current Yield
05 Sep, 2025
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
Repayment Priority
Higher the level, higher the priority of investment repayment on default
Security with Collateral?
An investment secured with collateral helps
ISSUER
Satin Finserv Limited
The SATIN Group incorporated a new NBFC to handle its MSME business – Satin Finserv. SFL, which started disbursement at the end of March 2019, wants to become a significant contributor to the MSME space with a diverse range of financial services products and play its role in strengthening the Indian Economy. SFL is engaged in the business of providing various financial services to entrepreneurs, MSMEs and individual businesses, as well as lending to other MFI companies. In 2023, they acquired Taraashna Financial Services Limited (TFSL), enriching its expertise and knowledge in the financial sector. This milestone allowed it to delve into higher ticket size transactions, aligning with its vision of diversified growth.
The ratio in FY24 is 7.34x and it was 6.18x in FY23, indicating increase in the debt level due to increase in the borrowings and finance cost of the issuer ,which resulted in dip in profitability.
Debt/EBITDA
The ratio in FY24 is 1.27x and it was 1.47x in FY23 indicating decrease in debt servicing ability of the issuer due to decrease in profitability ultimately worsening the interest ratio.
Interest coverage ratio
Recent News
Microfinance company Satin Creditcare raises Rs 250 crore via QIP
Mar 19, 2024 | Satin Finserv Limited
SCNL share surges 4.60% as Bhuvnesh Khanna joins Satin Finserv as President
Mar 19, 2024 | Satin Finserv Limited
Satin Creditcare Announces Strategic Leadership Changes
Jan 17, 2025 | Satin Finserv Limited
Related Videos
Seniority Ranking
Demystifying the hierarchy that determines who gets paid first in the event of a default
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From Basics to Brilliance: Unravelling the Concept of Bonds
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.
Clean Price
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Principal Amount
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BOND VALUE DETAILS
Face Value
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Stamp Duty
Select a Settlement Date:
Total Investment
| Cashflow for INE03K307058 |
|---|
| 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 |
|---|
| 10.80% Satin Finserv Limited 20 Sep 2026 |
| Credit Rating |
|---|
| A- Stable by ICRA |
| Coupon Frequency |
|---|
| Quarterly |
| Face Value |
|---|
| ₹1,00,000 |
| Coupon |
|---|
| 10.800000% |
| YTM or YTC |
|---|
| YTM |
| Maturity Date |
|---|
| 20/09/2026 |
| Security |
|---|
| Senior Secured |
| No. of Bonds |
|---|
| 1 |
| Settlement Date |
|---|
| Principal Amount |
|---|
| ₹99,364.5 |
| Accrued Interest |
|---|
| ₹0 |
| Stamp Duty |
|---|
| ₹0 |
| Total Amount Payable |
|---|
| ₹99,364.5 |
| Price |
|---|
| ₹99.3645 |
| Yield |
|---|
| % |
| 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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