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Instrument Details

ISIN: INE814O07311

Face value

₹1,00,000

Coupon rate

14%

Payment

Quarterly

Tax Type

Taxable

Issue Size (Cr)

20

Instrument Type

Debenture

Returns

High

Date of Issue

19 Mar 2021

Maturity Date

19 Mar 2024

Perpetual

Yes

Listing Status

Listed

Rating status

BBB (CARE Ratings)

Call Option

Not Available

Put Option

Available

Security with Collaterals

Secured

Asset Coverage

Principal + Interest

Seniority in Repayment

None

Guarantee Type

Non Convertible

About this Bond

NEOGROWTH CREDIT PRIVATE LIMITED SR 006 14 NCD 19MR24 FVRS1LAC
Neogrowth Credit Private Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE814O07311, with a face value of ₹1,00,000 rs on 19Mar21 to raise 20 crores. The debt instrument is issued with a coupon rate of 14% 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% SECURED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES.F GROUP DEBT INSTRUMENT SERIES 2020-21/S/NCD/006. DATE OF MATURITY 19/03/2024. This instrument is issued in Private Placement mode. It has Simple coupon type with Partial Redemption By Face Value option. The Debenture is listed on BSE stock exchange on 19Apr21. CARE RATINGS LIMITED has given BBB rating to this Debenture on 19Mar21. This issuer is formerly known as BPJ CREDIT & INVESTMENTS 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
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Date Verified
23 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
₹1,00,000
Lot Size
100
Minimum Investment
₹1,00,00,000

Cashflow

₹1,00,00,000
19-Mar-21 : Your investment
₹3,50,000
19-Jun-21 : Interest
₹3,50,000
19-Sep-21 : Interest
₹3,50,000
19-Dec-21 : Interest
₹3,50,000
19-Mar-22 : Interest
₹3,50,000
19-Jun-22 : Interest
₹3,50,000
19-Sep-22 : Interest
₹3,50,000
19-Dec-22 : Interest
₹3,50,000
19-Mar-23 : Interest
₹3,50,000
19-Jun-23 : Interest
₹3,50,000
19-Sep-23 : Interest
₹3,50,000
19-Dec-23 : Interest
₹3,50,000
19-Mar-24 : Interest
₹1,42,00,000
19-Mar-24 : Maturity amount (Investment: ₹1,00,00,000, Interest earned: ₹42,00,000)

Summary

Instrument Attributes

Value

Coupon Rate

14%

Returns

High

Bond Rating

BBB

Seniority in Repayment

None

Instrument Category

Non 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 INE814O07311 issued by Neogrowth Credit Private Limited

The instrument name of INE814O07311 ISIN is NEOGROWTH CREDIT PRIVATE LIMITED SR 006 14 NCD 19MR24 FVRS1LAC.
The interest earned from INE814O07311 bond issued by Neogrowth Credit Private Limited is paid Quarterly, ensuring regular and consistent income for investors.
This INE814O07311 bond issued by Neogrowth Credit Private Limited has been assigned a credit rating of BBB by CARE RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 14%, which determines the periodic interest payments made to bondholders.
The INE814O07311 Debenture is issued by Neogrowth Credit Private Limited, a Private Sector company.
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