Security Name: 11.90% Asirvad Micro Finance Limited 26 Jun 2026
ISIN:
INE516Q08331
Taxable
Tax Category
26 Jun, 2026
Maturity Date
(1 Yr 6 Mo 3 D to mature)
Monthly
Interest Payment Frequency
Yes
NRI Eligibility
26 Mar, 2021
Allotment Date
NA
Put Date
26 Jan, 2025
Next Interest Payment Date
16 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
Quote Not Available
Dirty Price
11.9%
Coupon
Fixed Interest
Coupon Basis
NaN%
Current Yield
YOUR EARNING
Your Investment
Final Payout
₹0
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*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
Asirvad Micro Finance Limited
Asirvad Microfinance Limited (AMFL) is a Chennai-based Non-Deposit taking NBFC incorporated in August 2007 and registered with the RBI in December 2007. The microfinance operations commenced in January 2008 and the company was reclassified as NBFC-MFI effective from October 2013. AMFL caters primarily to economically backward women and provides microcredit loans under the Joint Liability Group (JLG) model. As on March 31, 2021, AMFL operates in 22 states with 1025 branches
The ratio in FY24 is 5.78x and it was 8.24x in FY23, indicating decrease in debt level even though there is Increase in borrowing as well as finance cost but there is increase in profitability compared to previous years.
Debt/EBITDA
The ratio in FY24 is 1.66x and it was 1.49x in FY23 , indicating increased debt servicing ability due to drastic increase in profit.
Interest coverage ratio
Recent News
Manappuram Finance files addendum to ₹1,500 crore Asirvad Micro Finance IPO
Mar 27, 2024 | Asirvad Micro Finance Limited
Asirvad Micro Finance Ltd files DRHP with SEBI, BSE and NSE for IPO
Mar 27, 2024 | Asirvad Micro Finance Limited
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STEPS TO BUY THIS BOND
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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 INE516Q08331 |
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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 |
|---|
| 11.90% Asirvad Micro Finance Limited 26 Jun 2026 |
| Credit Rating |
|---|
| AA- / Stable by CRISIL |
| Coupon Frequency |
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| Monthly |
| Face Value |
|---|
| ₹1,00,000 |
| Coupon |
|---|
| 11.900000% |
| YTM or YTC |
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| YTM |
| Maturity Date |
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| 26/06/2026 |
| Security |
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| Unsecured Subordinated Tier 2 |
| 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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| ₹NaN |
| Stamp Duty |
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| ₹0 |
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| ₹NaN |
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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.
