Security Name: 11.40% Keertana Finserv Private Limited 13 Jun 2027
ISIN:
INE0NES07113
Taxable
Tax Category
13 Jun, 2027
Maturity Date
(2 Yr 3 Mo 17 D to mature)
Monthly
Interest Payment Frequency
Yes
NRI Eligibility
13 Jun, 2024
Allotment Date
NA
Put Date
13 Mar, 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
11.4%
Coupon
Fixed Interest
Coupon Basis
11.6754%
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
Keertana Finserv Private Limited
Keertana Finserv Private Limited (KFPL) is a non-deposit taking NBFC. It was incorporated in February 1996 as Rajshree Tracom Pvt Ltd and received its NBFC license in 2001 from the RBI. The company was dormant with no business till the end of March 2022. Following the approval from the RBI for a change in management and control, the current promoters purchased all the shares of the erstwhile promoters. The company is currently managed by Ms. Padmaja Reddy, the erstwhile Managing Director of Spandana Sphoorthy Financial Limited. Keertana acquired its gold loan business from Spandana Mutual Benefit Trust and the MSME business from Spandana Rural and Urban Development Organization as per a business transfer agreement dated April 04, 2022
The ratio in FY24 is 5.88x and it was 7.98x in FY23, indicating due to decrease in debt level of the issuer even though there is increase in the borrowings , the issuer has managed to increase its profitability.
Debt/EBITDA
The ratio in FY24 is 1.71x and it was 1.57x in FY23, indicating increased debt servicing ability of the issuer due to increase in profitability.
Interest coverage ratio
Recent News
Padmaja Reddy's Keertana Finserv pegs AUM at Rs 3,000 cr by March 2025
Mar 27, 2024 | Keertana Finserv Private Limited
Spandana Sphoorty resolves all differences with founder Padmaja Reddy
Mar 27, 2024 | Keertana Finserv Private Limited
India Ratings Assigns Keertana Finserv’s NCDs and Bank Loans ‘IND BBB+’/Stable
Aug 01, 2024 | Keertana Finserv Private Limited
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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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BOND VALUE DETAILS
Face Value
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Stamp Duty
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Total Investment
| Cashflow for INE0NES07113 |
|---|
| 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 |
|---|
| 11.40% Keertana Finserv Private Limited 13 Jun 2027 |
| Credit Rating |
|---|
| BBB / Stable by ICRA |
| Coupon Frequency |
|---|
| Monthly |
| Face Value |
|---|
| ₹1,00,000 |
| Coupon |
|---|
| 11.400000% |
| YTM or YTC |
|---|
| YTM |
| Maturity Date |
|---|
| 13/06/2027 |
| Security |
|---|
| Senior Secured |
| No. of Bonds |
|---|
| 1 |
| Settlement Date |
|---|
| Feb 25,2025 |
| Principal Amount |
|---|
| ₹97,641.1 |
| Accrued Interest |
|---|
| ₹0 |
| Stamp Duty |
|---|
| ₹0 |
| Total Amount Payable |
|---|
| ₹97,641.1 |
| Price |
|---|
| ₹97.6411 |
| 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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