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Instrument Details

ISIN: INE516Q07382

Face value

₹9,40,000

Coupon rate

9.22%

Payment

Monthly

Tax Type

Taxable

Issue Size (Cr)

47

Instrument Type

Debenture

Returns

High

Date of Issue

30 Mar 2021

Maturity Date

30 Mar 2025

Perpetual

Yes

Listing Status

Unlisted

Rating status

A+ (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

ASIRVAD MICRO FINANCE LIMITED SR 1-500 9.22 NCD 30MR25 FVRS940000
Asirvad Micro Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE516Q07382, with a face value of ₹9,40,000 rs on 30Mar21 to raise 47 crores. The debt instrument is issued with a coupon rate of 9.22% 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 Secured Debenture is 9.22% SECURED RATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES 1-500 DATE OF MATURITY 30/03/2025. This instrument is issued in Private Placement 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 A+ rating to this Debenture on 30Mar21. 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
A
Adequate Safety
A+
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Date Verified
16 Aug 2023
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Outlook
Stable
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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
₹9,40,000
Lot Size
100
Minimum Investment
₹9,40,00,000

Cashflow

₹9,40,00,000
30-Mar-21 : Your investment
₹7,22,233
30-Apr-21 : Interest
₹7,22,233
30-May-21 : Interest
₹7,22,233
30-Jun-21 : Interest
₹7,22,233
30-Jul-21 : Interest
₹7,22,233
30-Aug-21 : Interest
₹7,22,233
30-Sep-21 : Interest
₹7,22,233
30-Oct-21 : Interest
₹7,22,233
30-Nov-21 : Interest
₹7,22,233
30-Dec-21 : Interest
₹7,22,233
30-Jan-22 : Interest
₹7,22,233
02-Mar-22 : Interest
₹7,22,233
02-Apr-22 : Interest
₹7,22,233
02-May-22 : Interest
₹7,22,233
02-Jun-22 : Interest
₹7,22,233
02-Jul-22 : Interest
₹7,22,233
02-Aug-22 : Interest
₹7,22,233
02-Sep-22 : Interest
₹7,22,233
02-Oct-22 : Interest
₹7,22,233
02-Nov-22 : Interest
₹7,22,233
02-Dec-22 : Interest
₹7,22,233
02-Jan-23 : Interest
₹7,22,233
02-Feb-23 : Interest
₹7,22,233
02-Mar-23 : Interest
₹7,22,233
02-Apr-23 : Interest
₹7,22,233
02-May-23 : Interest
₹7,22,233
02-Jun-23 : Interest
₹7,22,233
02-Jul-23 : Interest
₹7,22,233
02-Aug-23 : Interest
₹7,22,233
02-Sep-23 : Interest
₹7,22,233
02-Oct-23 : Interest
₹7,22,233
02-Nov-23 : Interest
₹7,22,233
02-Dec-23 : Interest
₹7,22,233
02-Jan-24 : Interest
₹7,22,233
02-Feb-24 : Interest
₹7,22,233
02-Mar-24 : Interest
₹7,22,233
02-Apr-24 : Interest
₹7,22,233
02-May-24 : Interest
₹7,22,233
02-Jun-24 : Interest
₹7,22,233
02-Jul-24 : Interest
₹7,22,233
02-Aug-24 : Interest
₹7,22,233
02-Sep-24 : Interest
₹7,22,233
02-Oct-24 : Interest
₹7,22,233
02-Nov-24 : Interest
₹7,22,233
02-Dec-24 : Interest
₹7,22,233
02-Jan-25 : Interest
₹7,22,233
02-Feb-25 : Interest
₹7,22,233
02-Mar-25 : Interest
-₹1,56,483
30-Mar-25 : Interest
-₹1,56,483
30-Mar-25 : Interest
₹12,76,31,998
30-Mar-25 : Maturity amount (Investment: ₹9,40,00,000, Interest earned: ₹3,36,31,998)

Summary

Instrument Attributes

Value

Coupon Rate

9.22%

Returns

High

Bond Rating

A+

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 INE516Q07382 issued by Asirvad Micro Finance Limited

The instrument name of INE516Q07382 ISIN is ASIRVAD MICRO FINANCE LIMITED SR 1-500 9.22 NCD 30MR25 FVRS940000.
The interest earned from INE516Q07382 bond issued by Asirvad Micro Finance Limited is paid Monthly, ensuring regular and consistent income for investors.
This INE516Q07382 bond issued by Asirvad Micro Finance Limited has been assigned a credit rating of A+ by CARE RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 9.22%, which determines the periodic interest payments made to bondholders.
The INE516Q07382 Debenture is issued by Asirvad Micro Finance Limited, a Private Sector company.
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