Taxable
Tax Category
20 Jan, 2026
Maturity Date
(1 Yr 1 Mo 15 D to mature)
Monthly
Interest Payment Frequency
Yes
NRI Eligibility
20 Jul, 2023
Allotment Date
NA
Put Date
01 Jan, 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
9.3%
Coupon
Fixed Interest
Coupon Basis
NaN%
Current Yield
Error Generating Cashflow 😥. We are looking into this.
Repayment Priority
Higher the level, higher the priority of investment repayment on default
Security with Collateral?
An investment secured with collateral helps
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
Mar 27, 2024 | Asirvad Micro Finance Limited
Mar 27, 2024 | Asirvad Micro Finance Limited
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BOND VALUE DETAILS
Quote Not Available for purchase
Source: Issuer website, Rating Rationale, Issuer Annual Report, Information Memorandum and News from Google.