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Instrument Details

ISIN: INE01YL07086

Face value

₹71,429

Coupon rate

14.60%

Payment

Quarterly

Tax Type

Taxable

Issue Size (Cr)

28.3

Instrument Type

Debenture

Returns

High

Date of Issue

14 Oct 2021

Maturity Date

13 Jul 2023

Perpetual

Yes

Listing Status

Unlisted

Rating status

WITHDRAWN (CARE Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Secured

Asset Coverage

Principal + Interest

Seniority in Repayment

None

Guarantee Type

Non Convertible

About this Bond

EARLYSALARY SERVICES PRIVATE LIMITED 14.60 NCD 13JL23 FVRS71429
Earlysalary Services Private Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE01YL07086, with a face value of ₹71,429 rs on 14Oct21 to raise 28.3 crores. The debt instrument is issued with a coupon rate of 14.60% and its interest is paid Quarterly. 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 14.60% SECURED RATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURE.DATE OF MATURITY 13/07/2023. This instrument is issued in Private Placement (EBP) mode. It has Simple coupon type with Partial Redemption By Face Value option. The Bond is Not listed on any stock exchange. CARE RATINGS LIMITED has given WITHDRAWN rating to this Debenture on 13Oct21. This issuer is formerly known as ASHISH SECURITIES PVT LTD Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.

Rating (Debt Quality)

Instrument Rating
N/A
Not Rated
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Date Verified
N/A
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Outlook
N/A
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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
₹71,429
Lot Size
100
Minimum Investment
₹71,42,900

Cashflow

₹71,42,900
14-Oct-21 : Your investment
₹2,60,715
14-Jan-22 : Interest
₹2,60,715
14-Apr-22 : Interest
₹2,60,715
14-Jul-22 : Interest
₹2,60,715
14-Oct-22 : Interest
₹2,60,715
14-Jan-23 : Interest
₹2,60,715
14-Apr-23 : Interest
₹85,456
13-Jul-23 : Interest
₹87,92,651
13-Jul-23 : Maturity amount (Investment: ₹71,42,900, Interest earned: ₹16,49,751)

Summary

Instrument Attributes

Value

Coupon Rate

14.60%

Returns

High

Bond Rating

WITHDRAWN

Seniority in Repayment

None

Instrument Category

Non Convertible

About the issuer

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

FAQs about INE01YL07086 issued by Earlysalary Services Private Limited

The instrument name of INE01YL07086 ISIN is EARLYSALARY SERVICES PRIVATE LIMITED 14.60 NCD 13JL23 FVRS71429.
The interest earned from INE01YL07086 bond issued by Earlysalary Services Private Limited is paid Quarterly, ensuring regular and consistent income for investors.
This INE01YL07086 bond issued by Earlysalary Services Private Limited has been assigned a credit rating of WITHDRAWN by CARE RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 14.6%, which determines the periodic interest payments made to bondholders.
The INE01YL07086 Debenture is issued by Earlysalary Services Private Limited, a Private Sector company.
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