Instrument Details

ISIN: INE516Q08364

Face value

₹7,77,780

Coupon rate

10%

Payment

Monthly

Tax Type

Taxable

Issue Size (Cr)

30

Instrument Type

Debenture

Returns

High

Date of Issue

06 Sep 2021

Maturity Date

23 Feb 2024

Perpetual

Yes

Listing Status

Listed

Rating status

AA- (CRISIL Ratings)

Call Option

Available

Put Option

Available

Security with Collaterals

Unsecured

Asset Coverage

-

Seniority in Repayment

None

Guarantee Type

Non Convertible

About this Bond

ASIRVAD MICRO FINANCE LIMITED 10 NCD 23FB24 FVRS777777.77
Asirvad Micro Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE516Q08364, with a face value of ₹7,77,780 rs on 06Sep21 to raise 30 crores. The debt instrument is issued with a coupon rate of 10% and its interest is paid Monthly. 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 Unsecured Debenture is 10% UNSECURED RATED LISTED NON CONVERTIBLE DEBENTURE. DATE OF MATURITY 23/02/2024.. This instrument is issued in Private Placement (EBP) mode. It has Compounding coupon type with Partial Redemption By Face Value option. The Debenture is listed on BSE stock exchange on 09Sep21. CRISIL RATINGS LIMITED has given AA- rating to this Debenture on 11Aug21. This issuer is formerly known as ASIRVAD MICRO 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
AA
High Safety
AA-
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Date Verified
28 Feb 2022
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Outlook
Stable
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Seniority in Repayment
None
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Security
Unsecured
Investment Calculation (Pre-Tax)

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

Face Value
₹7,77,780
Lot Size
100
Minimum Investment
₹7,77,78,000

Cashflow

₹7,77,78,000
06-Sep-21 : Your investment
₹6,48,150
06-Oct-21 : Interest
₹6,48,150
06-Nov-21 : Interest
₹6,48,150
06-Dec-21 : Interest
₹6,48,150
06-Jan-22 : Interest
₹6,48,150
06-Feb-22 : Interest
₹6,48,150
06-Mar-22 : Interest
₹6,48,150
06-Apr-22 : Interest
₹6,48,150
06-May-22 : Interest
₹6,48,150
06-Jun-22 : Interest
₹6,48,150
06-Jul-22 : Interest
₹6,48,150
06-Aug-22 : Interest
₹6,48,150
06-Sep-22 : Interest
₹6,48,150
06-Oct-22 : Interest
₹6,48,150
06-Nov-22 : Interest
₹6,48,150
06-Dec-22 : Interest
₹6,48,150
06-Jan-23 : Interest
₹6,48,150
06-Feb-23 : Interest
₹6,48,150
06-Mar-23 : Interest
₹6,48,150
06-Apr-23 : Interest
₹6,48,150
06-May-23 : Interest
₹6,48,150
06-Jun-23 : Interest
₹6,48,150
06-Jul-23 : Interest
₹6,48,150
06-Aug-23 : Interest
₹6,48,150
06-Sep-23 : Interest
₹6,48,150
06-Oct-23 : Interest
₹6,48,150
06-Nov-23 : Interest
₹6,48,150
06-Dec-23 : Interest
₹6,48,150
06-Jan-24 : Interest
₹6,48,150
06-Feb-24 : Interest
₹54,012
23-Feb-24 : Interest
₹9,66,28,362
23-Feb-24 : Maturity amount (Investment: ₹7,77,78,000, Interest earned: ₹1,88,50,362)

Summary

Instrument Attributes

Value

Coupon Rate

10%

Returns

High

Bond Rating

AA-

Seniority in Repayment

None

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Non-Banking Financial Company (NBFC)
Head Office
HEAD OFFICE
Chennai
Sector name
SECTOR
Financial Services
Issuer ownership
ISSUER OWNERSHIP
Private Sector

FAQs about INE516Q08364 issued by Asirvad Micro Finance Limited

The instrument name of INE516Q08364 ISIN is ASIRVAD MICRO FINANCE LIMITED 10 NCD 23FB24 FVRS777777.77.
The interest earned from INE516Q08364 bond issued by Asirvad Micro Finance Limited is paid Monthly, ensuring regular and consistent income for investors.
This INE516Q08364 bond issued by Asirvad Micro Finance Limited has been assigned a credit rating of AA- by CRISIL RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 10%, which determines the periodic interest payments made to bondholders.
The INE516Q08364 Debenture is issued by Asirvad Micro Finance Limited, a Private Sector company.