Security Name: 11.35% Varthana Finance Private Limited 27 Sep 2027
ISIN:
INE125T07337
Taxable
Tax Category
27 Sep, 2027
Maturity Date
(2 Yr 3 Mo 29 D to mature)
Quarterly
Interest Payment Frequency
Yes
NRI Eligibility
27 Mar, 2025
Allotment Date
NA
Put Date
27 Jun, 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
₹100.5001
Dirty Price
11.35%
Coupon
Fixed Interest
Coupon Basis
11.2935%
Current Yield
12 Jun, 2025
Record Date
YOUR EARNING
Your Investment
₹10,05,001
Final Payout
₹0
Payment Schedule(Date)
Interest Payout(₹)
Interest Payout(₹) Post TDS
*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
Varthana Finance Private Limited
Varthana is the largest school loan company and the fastest growing student loan company in India headquartered in Bengaluru. Started in 2013, we now have a presence in 15 states and 40 branches across India, with the goal of transforming affordable education in India. They provide loans custom-built to suit the wide range of projects that help school leaders unlock their school’s potential, as well as for college-going students to achieve their educational goals.
The ratio in FY24 is 7.49x and it was 8.18x in FY23, indicating decrease in debt level due to significant increase in the profitability of the issuer in FY24.
Debt/EBITDA
The ratio in FY24 is 1.44x and it was 1.11x in FY23, indicating increase in the debt servicing ability of the issuer due to earnings improved in FY2024, supported by the gains from loan recoveries, including the ARC transaction. Optimising operating expenses (opex) and keeping credit costs under control would be key for a sustained improvement in the profitability.
Interest coverage ratio
Recent News
Bengaluru-based Varthana Finance buys ISFC’s school loans portfolio
Oct 02, 2024 | Varthana Finance Private Limited
Varthana raises $3 Mn from Triodos Investment Management
Sep 26, 2024 | Varthana Finance Private 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.
Clean Price
Yield (YTM)
₹10,05,000
Principal Amount
₹0
Accrued Interest from Mar 27, 2025
Select the number of units below
BOND VALUE DETAILS
Face Value
₹1,00,000
Market Value
₹1,00,500
Stamp Duty
₹1
Select a Settlement Date:
Total Investment
₹10,05,001
| Cashflow for INE125T07337 |
|---|
| 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 |
|---|
| 11.35% Varthana Finance Private Limited 27 Sep 2027 |
| Credit Rating |
|---|
| BBB / Stable by CRISIL |
| Coupon Frequency |
|---|
| Quarterly |
| Face Value |
|---|
| ₹1,00,000 |
| Coupon |
|---|
| 11.350000% |
| YTM or YTC |
|---|
| YTM |
| Maturity Date |
|---|
| 27/09/2027 |
| Security |
|---|
| Senior Secured |
| No. of Bonds |
|---|
| 10 |
| Settlement Date |
|---|
| May 29,2025 |
| Principal Amount |
|---|
| ₹10,05,000 |
| Accrued Interest |
|---|
| ₹0 |
| Stamp Duty |
|---|
| ₹1 |
| Total Amount Payable |
|---|
| ₹10,05,001 |
| Price |
|---|
| ₹100.5 |
| 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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