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Instrument Details

ISIN: INE363T07011

Face value

₹10,00,000

Coupon rate

12%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

10

Instrument Type

Debenture

Returns

High

Date of Issue

06 Jul 2020

Maturity Date

07 Jun 2023

Perpetual

Yes

Listing Status

Listed

Rating status

BBB- (Infomerics Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Secured

Asset Coverage

-

Seniority in Repayment

None

Guarantee Type

Non Convertible

About this Bond

AGRIWISE FINSERV LIMITED 12 LOA 06JL23 FVRS10LAC
Agriwise Finserv Limited, a Finance company, has floated Debenture, having ISIN value as INE363T07011, with a face value of ₹10,00,000 rs on 06Jul20 to raise 10 crores. The debt instrument is issued with a coupon rate of 12% and its interest is paid Annually. The returns are Taxable and one has to pay the applicable tax on the returns from this investment. As per the filings, the long description of this Secured Debenture is 12% RATED,LISTED,UNSUBORDINATED, SECURED, TRANSFERABLE, REDEEMABLE, NON-CONVERTIBLE DEBENTURES. LETTER OF ALLOTMENT. DATE OF MATURITY 06/07/2023. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 21Jul20. Infomerics Valuation and Rating Pvt. Ltd has given BBB- rating to this Debenture on 28Nov24. This issuer is formerly known as STARAGRI FINANCE LIMITED, RAYLIGHT LEASING AND FINANCE LIMITED, RAYLIGHT LEASING AND FINANCE PRIVATE LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.

Rating (Debt Quality)

Instrument Rating
BBB
Moderately Safe
BBB-
check
Date Verified
-
check
Outlook
No Outlook
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Seniority in Repayment
None
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Security
Secured
Investment Calculation (Pre-Tax)

Below is an indicative cash-flow on investment, actual cash-flow may differ.

Face Value
₹10,00,000
Lot Size
100
Minimum Investment
₹10,00,00,000

Cashflow

₹10,00,00,000
06-Jul-20 : Your investment
₹1,20,00,000
06-Jul-21 : Interest
₹1,20,00,000
06-Jul-22 : Interest
₹1,10,46,575
07-Jun-23 : Interest
₹13,50,46,575
07-Jun-23 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹3,50,46,575)

Summary

Instrument Attributes

Value

Coupon Rate

12%

Returns

High

Bond Rating

BBB-

Seniority in Repayment

None

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Finance
Head Office
HEAD OFFICE
Ahmedabad
Sector name
SECTOR
-
Issuer ownership
ISSUER OWNERSHIP
Private Sector
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Rating

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Rated ★ 4.3+ on

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FAQs about INE363T07011 issued by Agriwise Finserv Limited

The instrument name of INE363T07011 ISIN is AGRIWISE FINSERV LIMITED 12 LOA 06JL23 FVRS10LAC.
The interest earned from INE363T07011 bond issued by Agriwise Finserv Limited is paid Annually, ensuring regular and consistent income for investors.
This INE363T07011 bond issued by Agriwise Finserv Limited has been assigned a credit rating of BBB- by Infomerics Valuation and Rating Pvt. Ltd, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 12%, which determines the periodic interest payments made to bondholders.
The INE363T07011 Debenture is issued by Agriwise Finserv Limited, a Private Sector company.
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