Security Name: 14.30% Dvara Kshetriya Gramin Financial Services Private Limited 28 May 2029
ISIN:
INE179P08066
Taxable
Tax Category
28 May, 2029
Maturity Date
(4 Yr 3 Mo 1 D to mature)
Monthly
Interest Payment Frequency
Yes
NRI Eligibility
02 Apr, 2024
Allotment Date
NA
Put Date
28 Mar, 2025
Next Interest Payment Date
10 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
14.3%
Coupon
Fixed Interest
Coupon Basis
13.9524%
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
Dvara Kshetriya Gramin Financial Services Private Limited
Dvara KGFS was incorporated in August 2008 by Dvara Trust, a private trust set up with the mission “to ensure that every individual and every enterprise has complete access to financial services.” Dvara KGFS works towards achieving this goal through its network of branches in remote rural areas that offer a range of financial products and services. The organisation instils this mission into its business by facilitating and originating financial products and services through a unique branch-based business model called Kshetriya Gramin Financial Services (KGFS), which translates to “Regional Rural Financial Services.”
The ratio in FY24 is 5.40x and it was 7.59x in FY23, indicating decrease in the debt level due to significant increase in the profitability of the issuer in FY24.
Debt/EBITDA
The ratio in FY24 is 1.30x and it was 1.13x in FY23, indicating increase in the debt servicing ability of the issuer due to the significant increase in the AUM (Assets Under Management) in FY24.
Interest coverage ratio
Recent News
Dvara KGFS Reports 230% Rise in FY'24 Net Profits
Sep 12, 2024 | Dvara Kshetriya Gramin Financial Services 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
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Total Investment
| Cashflow for INE179P08066 |
|---|
| 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 |
|---|
| 14.30% Dvara Kshetriya Gramin Financial Services Private Limited 28 May 2029 |
| Credit Rating |
|---|
| BBB+ Stable by CARE |
| Coupon Frequency |
|---|
| Monthly |
| Face Value |
|---|
| ₹1,00,000 |
| Coupon |
|---|
| 14.300000% |
| YTM or YTC |
|---|
| YTM |
| Maturity Date |
|---|
| 28/05/2029 |
| Security |
|---|
| Unsecured Subordinated Tier 2 |
| No. of Bonds |
|---|
| 1 |
| Settlement Date |
|---|
| Feb 25,2025 |
| Principal Amount |
|---|
| ₹1,02,491.2 |
| Accrued Interest |
|---|
| ₹0 |
| Stamp Duty |
|---|
| ₹0 |
| Total Amount Payable |
|---|
| ₹1,02,491.2 |
| Price |
|---|
| ₹102.4912 |
| 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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