Security Name: 9.90% IKF Finance Limited 30 Dec 2027
ISIN:
INE859C07212
Taxable
Tax Category
31 Dec, 2027
Maturity Date
(2 Yr 8 Mo 1 D to mature)
Quarterly
Interest Payment Frequency
Yes
NRI Eligibility
31 Dec, 2024
Allotment Date
NA
Put Date
30 Jun, 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
9.9%
Coupon
Fixed Interest
Coupon Basis
Quote Not Available
Current Yield
15 Jun, 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
IKF Finance Limited
IKF Finance is among India’s prominent Non-Banking Finance Companies (NBFCs). It offers loans for the purchase of commercial vehicles, cars, MUVs, three-wheelers, tractors, and construction equipment, in addition to secured MSME loans. Our product portfolio is customised to accommodate the needs of financially underserved self-employed customers. Since its inception, we have grown rapidly on the foundations of our commitment to customer service, transparent business practices, a well-organised team, secure financial policies, and a loyal customer base.
The ratio in FY24 is 7.86x and it was 8.36x in FY23, indicating decrease in debt level due to significant increase in the profitability of the issuer in FY24.
Debt/EBITDA
The ratio in FY24 is 1.47x and it was 1.44x in FY23 indicating slight increase in debt servicing ability of the issuer due to significant increase in the profitability of the issuer.
Interest coverage ratio
Recent News
IKF Finance raises ₹250 crore
Jul 17, 2024 | IKF Finance 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.
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BOND VALUE DETAILS
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Total Investment
| Cashflow for INE859C07212 |
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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 |
|---|
| 9.90% IKF Finance Limited 30 Dec 2027 |
| Credit Rating |
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| A+ Stable by CARE |
| Coupon Frequency |
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| Quarterly |
| Face Value |
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| ₹91,666.67 |
| Coupon |
|---|
| 9.900000% |
| YTM or YTC |
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| YTM |
| Maturity Date |
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| 31/12/2027 |
| 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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| ₹NaN |
| 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.
