Security Name: 11.487% Laxmi India Finance Limited 28 Jun 2027
ISIN:
INE06WU07064
Taxable
Tax Category
28 Jun, 2027
Maturity Date
(1 Yr 10 Mo 20 D to mature)
Monthly
Interest Payment Frequency
Yes
NRI Eligibility
28 Jun, 2024
Allotment Date
NA
Put Date
28 May, 2025
Next Interest Payment Date
15 days
Shut Period
Both
Active on NSDL/CDSL
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
11.487%
Coupon
Fixed Interest
Coupon Basis
Quote Not Available
Current Yield
13 May, 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
Laxmi India Finance Limited
Incorporated in 1996, LIFPL, a Jaipur-based company, registered as a non-deposit-taking NBFC with the RBI. LIFPL is engaged in vehicle financing, MSME catering to micro, small, and medium enterprises, and unsecured personal and business loans to individuals. The company commenced operations in April 2011 upon its merger with Deepak Finance & Leasing Company, a proprietorship firm engaged in extending credit in Rajasthan. Initially, the company financed 3-wheeler and 4-wheeler commercial and non-commercial vehicles in Jaipur and nearby areas and subsequently extended its operations to various rural and semi-urban areas in Rajasthan. The company operates through a network of 135 branches spread across three states as of March 31, 2024.
The ratio in FY25 is 6.89x and it was 6.62x in FY24, indicating slight increase in the debt level due to increase in the borrowings in FY25.
Debt/EBITDA
The ratio in FY25 is 1.41x and it was 1.36x in FY24, indicating slight increase in the debt servicing ability of the issuer due to high-yield lending products and a focus on underserved markets which impacted overall profitability in FY25.
Interest coverage ratio
Recent News
Laxmi India Finance IPO opens
Jul 29, 2025 | Laxmi India Finance Limited
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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, download the Rating Rationale.
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BOND VALUE DETAILS
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Total Investment
| Cashflow for INE06WU07064 |
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| 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). |
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| Security Name |
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| 11.487% Laxmi India Finance Limited 28 Jun 2027 |
| Credit Rating |
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| A- Stable by ACUITE |
| Coupon Frequency |
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| Monthly |
| Face Value |
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| ₹75,000 |
| Coupon |
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| 11.487000% |
| YTM or YTC |
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| YTM |
| Maturity Date |
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| 28/06/2027 |
| Security |
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| Senior Secured |
| No. of Bonds |
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| 1 |
| Settlement Date |
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| Principal Amount |
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| ₹NaN |
| Accrued Interest |
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| ₹0 |
| Stamp Duty |
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| ₹0 |
| Total Amount Payable |
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| ₹NaN |
| Price |
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| ₹NaN |
| Yield |
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| % |
| Year | Payment Date | Amount | Amount after TDS | Payout Type |
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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.
