Security Name: 12.00% Akara Capital Advisors Private Limited 14 Aug 2028
ISIN:
INE08XP07282
Taxable
Tax Category
14 Aug, 2028
Maturity Date
(3 Yr 3 Mo 18 D to mature)
Monthly
Interest Payment Frequency
Yes
NRI Eligibility
14 Feb, 2025
Allotment Date
14/02/2027
Put Date
14 May, 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
12%
Coupon
Fixed Interest
Coupon Basis
12.5742%
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
Akara Capital Advisors Private Limited
Akara Capital Advisors Private Limited is a non deposit non-banking financial corporation registered with the RBI .Akara is primarily a digital lender and has tied up with the financial technology platform”Stashfin” to cater to the various needs of borrowers.
The ratio in FY24 is 4.16x and it was 8.35x in FY23, indicating decrease in the debt level due to decrease in the borrowings and significant increase in the profitability of the issuer in FY24.
Debt/EBITDA
The ratio in FY24 is 1.44x and it was 1.52x in FY23, indicating decrease in the debt servicing ability of the issuer due to increase in the interest on borrowing and other borrowing cost which led to overall increase in the finance cost in FY24.
Interest coverage ratio
Recent News
Khaitan Legal Associates acts on Alteria Capital investment in Stashfin
Mar 27, 2024 | Akara Capital Advisors Private Limited
Stashfin secures $100 million debt funding for neobanking platform
Mar 27, 2024 | Akara Capital Advisors Private Limited
Stashfin Parent AKARA Capital Becomes 1st Fintech NBFC To Offer NCDs At Face Value Of Rs 10,000
Sep 11, 2024 | Akara Capital Advisors 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)
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 INE08XP07282 |
|---|
| 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 |
|---|
| 12.00% Akara Capital Advisors Private Limited 14 Aug 2028 |
| Credit Rating |
|---|
| BBB / Stable by ICRA |
| Coupon Frequency |
|---|
| Monthly |
| Face Value |
|---|
| ₹1,00,000 |
| Coupon |
|---|
| 12.000000% |
| YTM or YTC |
|---|
| YTM |
| Maturity Date |
|---|
| 14/08/2028 |
| Security |
|---|
| Senior Secured |
| No. of Bonds |
|---|
| 1 |
| Settlement Date |
|---|
| Apr 28,2025 |
| Principal Amount |
|---|
| ₹95,433.8 |
| Accrued Interest |
|---|
| ₹0 |
| Stamp Duty |
|---|
| ₹0 |
| Total Amount Payable |
|---|
| ₹95,433.8 |
| Price |
|---|
| ₹95.4338 |
| 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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