Security Name: 12.00% Finkurve Financial Services Limited 18 Dec 2027
ISIN:
INE734I07024
Taxable
Tax Category
18 Dec, 2027
Maturity Date
(2 Yr 7 Mo 3 D to mature)
Quarterly
Interest Payment Frequency
Yes
NRI Eligibility
18 Dec, 2024
Allotment Date
NA
Put Date
07 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
Quote Not Available
Dirty Price
12%
Coupon
Fixed Interest
Coupon Basis
Quote Not Available
Current Yield
23 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
Finkurve Financial Services Limited
FFSL, also known by the brand name Arvog, was set up in 1984 as Sanjay Leasing Ltd. The company received its NBFC license from the RBI in 1998. It was acquired by Mr. Ketan Kothari in 2010. The company started offering retail loans in 2019 on pilot basis and gold loans from October 2020. It is registered with the RBI as a non-deposit-taking, base-layer NBFC. It focuses on gold loans, which constitute over 50% of its AUM, and can thus be classified as a gold loan NBFC. It is listed on the Bombay Stock Exchange.
The ratio in FY24 is 2.71x and it was 2.06x in FY23, indicating increase in the debt level due to increase in the borrowings of the issuer in FY24.
Debt/EBITDA
The ratio in FY24 is 4.44x and it was 4.96x in FY23, indicating decrease in the debt servicing ability of the issuer due to increase in the interest expenses which led to overall increase in the finance cost in FY24.
Interest coverage ratio
Recent News
Finkurve FInancials Services Hits All time High, outperforms Sector and Sensex
Feb 12, 2025 | Finkurve Financial Services 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.
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BOND VALUE DETAILS
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Total Investment
| Cashflow for INE734I07024 |
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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 |
|---|
| 12.00% Finkurve Financial Services Limited 18 Dec 2027 |
| Credit Rating |
|---|
| BBB by IVR BBB / Stable by CRISIL |
| Coupon Frequency |
|---|
| Quarterly |
| Face Value |
|---|
| ₹1,00,000 |
| Coupon |
|---|
| 12.000000% |
| YTM or YTC |
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| YTM |
| Maturity Date |
|---|
| 18/12/2027 |
| Security |
|---|
| 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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| ₹NaN |
| 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.
