Security Name: 12.00% Vedika Credit Capital Limited 04 Apr 2029
ISIN:
INE04HY07229
Taxable
Tax Category
04 Apr, 2029
Maturity Date
(3 Yr 9 Mo 25 D to mature)
Monthly
Interest Payment Frequency
Yes
NRI Eligibility
04 Apr, 2025
Allotment Date
NA
Put Date
04 Jul, 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
₹99.1592
Dirty Price
12%
Coupon
Fixed Interest
Coupon Basis
12.1018%
Current Yield
19 Jun, 2025
Record Date
YOUR EARNING
Your Investment
₹99,159.2
Final Payout
₹0
Payment Schedule(Date)
Interest Payout(₹)
Interest Payout(₹) Post TDS
*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
Vedika Credit Capital Limited
Vedika Credit Capital Ltd is a Non-Deposit taking, Non-Banking Finance Company (NBFC-MFI). The Company was originally registered as a Private Limited Company but was later converted into a Public Limited Company in November, 1995. It was recognized and re-registered to carry out the business as NBFC-MFI with approval from Reserve Bank of India in 2015 although since 2007 the company is into Microfinance products like Joint Liability Groups loans and Individual Loans and provide assistance to women borrowers as per RBI regulations. The company is operating across 7 states (Jharkhand, Bihar, West Bengal, Uttar Pradesh, Assam, Odisha & Tripura)
Debt/EBITDA ratio in FY24 is 8.16x compared to 6.87x in FY23. It indicates that the company’s debt is increasing due to increase in the borrowings as well as finance cost of the issuer, but the increasing debt is compensated by the increase in profits.
Debt/EBITDA
The interest coverage ratio in FY24 is 1.32x and as of now in FY23 was 1.28x, indicating the increased debt servicing ability of the issuer due to increase in profit.
Interest coverage ratio
Recent News
SBI signs pact with three NBFC-MFIs for co-lending to joint liability groups
Jan 21, 2024 | Vedika Credit Capital Limited
Vedika Credit Capital standalone net profit rises 91.94% in the September 2024 quarter
Nov 04, 2024 | Vedika Credit Capital Limited
Vedanta Creditors Said to Meet in February to Approve Split
Jan 15, 2025 | Vedika Credit Capital 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)
₹99,159.2
Principal Amount
₹0
Accrued Interest from Jun 04, 2025
Select the number of units below
BOND VALUE DETAILS
Face Value
₹1,00,000
Market Value
₹99,159.2
Stamp Duty
₹0
Select a Settlement Date:
Total Investment
₹99,159.2
| Cashflow for INE04HY07229 |
|---|
| 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% Vedika Credit Capital Limited 04 Apr 2029 |
| Credit Rating |
|---|
| A - by IVR |
| Coupon Frequency |
|---|
| Monthly |
| Face Value |
|---|
| ₹1,00,000 |
| Coupon |
|---|
| 12.000000% |
| YTM or YTC |
|---|
| YTM |
| Maturity Date |
|---|
| 04/04/2029 |
| Security |
|---|
| Senior Secured |
| No. of Bonds |
|---|
| 1 |
| Settlement Date |
|---|
| Jun 10,2025 |
| Principal Amount |
|---|
| ₹99,159.2 |
| Accrued Interest |
|---|
| ₹0 |
| Stamp Duty |
|---|
| ₹0 |
| Total Amount Payable |
|---|
| ₹99,159.2 |
| Price |
|---|
| ₹99.1592 |
| 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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