Security Name: 9.50% Incred Financial Services Limited 28 May 2027
ISIN:
INE321N07533
Taxable
Tax Category
28 May, 2027
Maturity Date
(1 Yr 9 Mo 21 D to mature)
Quarterly
Interest Payment Frequency
Yes
NRI Eligibility
28 May, 2025
Allotment Date
NA
Put Date
28 Aug, 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
9.5%
Coupon
Fixed Interest
Coupon Basis
9.4460%
Current Yield
13 Aug, 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
Incred Financial Services Limited
The erstwhile Incred Financial Services Ltd, now renamed as Incred Prime Finance Ltd is a non-deposit taking NBFC headquartered in Mumbai. Incorporated in January 1991 as Visu Leasing and Finance Pvt Ltd (VLFL), this company was acquired by Incred in 2016, after which, its name was changed to reflect the Incred brand. Having started its operations in February 2017, Incred is a new-age financial services platform that leverages technology and data science, throughout its lending chain, thereby reducing the turnaround time.
The ratio in FY24 is 5.60x and in FY23 it was 6.81x, indicating decreasing debt levels due to significant increase in profits in FY24.
Debt/EBITDA
The ratio in FY24 is 1.93x and in FY23 it was 1.58x, indicating issuers increased ability to service its debt due to significant increase in profits in FY24.
Interest coverage ratio
Recent News
Fintech unicorn InCred Finance crosses Rs 8,000 Cr AUM on the back of personal loans
Jan 24, 2024 | Incred Financial Services Limited
Incred Finance saw a saviour in KKR, but itself became a hero post-merger
Mar 14, 2024 | Incred Financial Services Limited
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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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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 INE321N07533 |
|---|
| 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 |
|---|
| 9.50% Incred Financial Services Limited 28 May 2027 |
| Credit Rating |
|---|
| AA- / Stable by CRISIL |
| Coupon Frequency |
|---|
| Quarterly |
| Face Value |
|---|
| ₹1,00,000 |
| Coupon |
|---|
| 9.500000% |
| YTM or YTC |
|---|
| YTM |
| Maturity Date |
|---|
| 28/05/2027 |
| Security |
|---|
| Senior Secured |
| No. of Bonds |
|---|
| 1 |
| Settlement Date |
|---|
| Aug 05,2025 |
| Principal Amount |
|---|
| ₹1,00,571.8 |
| Accrued Interest |
|---|
| ₹0 |
| Stamp Duty |
|---|
| ₹0 |
| Total Amount Payable |
|---|
| ₹1,00,571.8 |
| Price |
|---|
| ₹100.5718 |
| 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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