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Instrument Details

ISIN: INE090W07121

Face value

₹10,00,000

Coupon rate

13.75%

Payment

Quarterly

Tax Type

Taxable

Issue Size (Cr)

20

Instrument Type

Debenture

Returns

High

Date of Issue

28 Jan 2019

Maturity Date

31 Mar 2023

Perpetual

Yes

Listing Status

Unlisted

Rating status

BBB+ (ICRA Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Secured

Asset Coverage

-

Seniority in Repayment

None

Guarantee Type

Fully Convertible

About this Bond

LENDINGKART FINANCE LIMITED 13.75 NCD 31MR23 FVRS10LAC
Lendingkart Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE090W07121, with a face value of ₹10,00,000 rs on 28Jan19 to raise 20 crores. The debt instrument is issued with a coupon rate of 13.75% 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 13.75% SECURED RATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. MATURITY DATE - 31/03/2023. This instrument is issued in Private Placement mode. It has Compounding coupon type with Full Redemption option. The Bond is Not listed on any stock exchange. ICRA LIMITED has given BBB+ rating to this Debenture on 29Jun23. This issuer is formerly known as AADRI INFIN LIMITED, VLD FINANCE AND SECURITIES 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+
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Date Verified
30 Jun 2023
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Outlook
Positive
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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
28-Jan-19 : Your investment
₹34,37,500
28-Apr-19 : Interest
₹34,37,500
28-Jul-19 : Interest
₹34,37,500
28-Oct-19 : Interest
₹34,37,500
28-Jan-20 : Interest
₹34,37,500
28-Apr-20 : Interest
₹34,37,500
28-Jul-20 : Interest
₹34,37,500
28-Oct-20 : Interest
₹34,37,500
28-Jan-21 : Interest
₹34,37,500
28-Apr-21 : Interest
₹34,37,500
28-Jul-21 : Interest
₹34,37,500
28-Oct-21 : Interest
₹34,37,500
28-Jan-22 : Interest
₹34,37,500
28-Apr-22 : Interest
₹34,37,500
28-Jul-22 : Interest
₹34,37,500
28-Oct-22 : Interest
₹34,37,500
28-Jan-23 : Interest
₹5,92,013
31-Mar-23 : Interest
₹15,55,92,013
31-Mar-23 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹5,55,92,013)

Summary

Instrument Attributes

Value

Coupon Rate

13.75%

Returns

High

Bond Rating

BBB+

Seniority in Repayment

None

Instrument Category

Fully Convertible

About the issuer

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

FAQs about INE090W07121 issued by Lendingkart Finance Limited

The instrument name of INE090W07121 ISIN is LENDINGKART FINANCE LIMITED 13.75 NCD 31MR23 FVRS10LAC.
The interest earned from INE090W07121 bond issued by Lendingkart Finance Limited is paid Quarterly, ensuring regular and consistent income for investors.
This INE090W07121 bond issued by Lendingkart Finance Limited has been assigned a credit rating of BBB+ by ICRA LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 13.75%, which determines the periodic interest payments made to bondholders.
The INE090W07121 Debenture is issued by Lendingkart Finance Limited, a Private Sector company.
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