Security Name: 9.65% Veritas Finance Limited 13 Nov 2027
ISIN:
INE448U07273
Taxable
Tax Category
13 Nov, 2027
Maturity Date
(2 Yr 3 Mo 10 D to mature)
Quarterly
Interest Payment Frequency
Yes
NRI Eligibility
13 Nov, 2024
Allotment Date
NA
Put Date
13 Nov, 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
9.65%
Coupon
Fixed Interest
Coupon Basis
Quote Not Available
Current Yield
29 Oct, 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
Veritas Finance Limited
Veritas Finance Private Limited (Veritas) incorporated on April 30, 2015 is a non-deposit taking NBFC (loan company), registered with the RBI. Veritas is promoted by D. Arulmany. Veritas lends to borrowers engaged in the MSME sector with limited access to formal financial services. The company operates at 434 branches in 169 districts as on March 31, 2024, across 11 states/UT. Veritas had an AUM of ₹5,724 crore as on March 31, 2024.
The ratio in FY24 is 6x and it was 5.81x 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 2.02x and it was 2.38x in FY23, indicating decrease in the debt servicing ability of the issuer due to increase in the Interest on borrowings which led to overall increase in the finance cost of the issuer.
Interest coverage ratio
Recent News
Multiples PE-backed Veritas Finance plans over Rs 3,000 crore IPO
Nov 04, 2024 | Veritas Finance Limited
Veritas Finance gallops into Unicorn league with ₹240 cr capital boost
Nov 08, 2024 | Veritas Finance Limited
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STEPS TO BUY THIS BOND
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PAN Card
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Aadhaar Card
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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, send a request for the Rating Rationale. You will receive an email shortly.
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BOND VALUE DETAILS
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Total Investment
| Cashflow for INE448U07273 |
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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 |
|---|
| 9.65% Veritas Finance Limited 13 Nov 2027 |
| Credit Rating |
|---|
| A+ / Positive by CARE |
| Coupon Frequency |
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| Quarterly |
| Face Value |
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| ₹1,00,000 |
| Coupon |
|---|
| 9.650000% |
| YTM or YTC |
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| YTM |
| Maturity Date |
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| 13/11/2027 |
| Security |
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| 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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| ₹0 |
| 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.
