Bond Directory / IKF FINANCE LIMITED

IKF FINANCE LIMITED

DELETED

11.65% XIRR SECURED RATED REDEEMABLE TAXABLE NON CONVERTIBLE DEBENTURES. SERIES 1-450. DATE OF MATURITY 30/03/2020

ISIN

INE859C07022

Copied

Essentials

Coupon Rate (Returns)

11.65% XIRR

Rating

CARE Ratings Limited

Interest Payment Frequency

QUARTERLY

Four Times A Year

Maturity after

-5 years -3 months

Mar 30, 2020

Face Value

₹10,00,000

Coupon Type

Simple

Can be returned to Issuer?

No

Put option exercised at

Data Not Available

Issue Details

Issue Size

45 Crores

Issue Price

₹10,00,000

Security class

Debentures

Listing details

Not listed

Debenture Trustee

Milestone Trusteeship Services Pvt. Ltd

Issue

Private Placement

Issuer Details

IKF FINANCE LIMITED

Business Sector

Non-Banking Financial Company (NBFC)

Issuer Nature type

Other

Issuer Ownership

Non PSU

Factors

*Rating Agency -CARE Ratings Limited

Issue Size

Medium

Rating Category*

A

Tax Saving

No

Mode of Issuance

Private Placement

Coupon Type

Simple

Factors

Issue Size

Medium

Rating Category*

A

Tax Saving

No

Mode of Issuance

Private Placement

Coupon Type

Simple

*Rating Agency - CARE Ratings Limited

Note: Pursuant to the provisions of Section 193 of the Income Tax Act, 1961, as amended, effective from 1st April 2023, TDS will be deducted at the rate of 10% (or such other rates as may be notified from time to time) on any interest payable on any security issued by a company other than securities issued by the Central Government or a State Government. The listing of products above: (a) should not be considered an advertisement, endorsement, or recommendation to invest. Please use your own discretion before you transact. (b) is in compliance with regulatory framework as applicable for Online Bond Platform Provider (c) at their given price or yield are subject to availability and market cut-off timings.

Know this Issuer

It's essential to understand the issuer of the bonds where you're investing your money.

IKF Finance Limited

IKF Finance Limited has over three decades of experience in asset financing, establishing itself as a prominent RBI-registered NBFC in India. The group has evolved into a diversified retail financier, offering products across vehicle finance, MSME loans, and affordable housing finance.

Financial Performance

Particulars 9M FY25 (₹ in cr) FY24 (₹ in cr) FY23 (₹ in cr)
NET WORTH 962.11 880 692.49
REVENUE 468.22 437.47 286.59
PAT 81.46 76.97 50
CRAR% 23.13 26.50 33.02
GNPA% 2.11 2.35 2.83
NNPA% 1.61 1.80 2.26

Long and established track record of operations

Well-defined credit policy and improving MIS system

Healthy profitability profile

Comfortable capitalization supported by further capital raise in FY23 and FY24

Improving scale of operations

Moderately diversified resource profile with an inclination towards banks

Geographical concentration of portfolio

Exposure to high-ticket SME financing and loans to NBFCs

Moderate asset quality characterized by high delinquency in softer buckets

What is my risk?

Each bond is regularly evaluated by multiple reputed rating agencies

Credit Rating

Credit Rating

A

(Mar 17, 2020)

Instruments with this rating are considered to have adequate degree of safety regarding timely servicing of financial obligations. Such instruments carry low credit risk.

Credit Outlook

Stable

A Stable outlook indicates that the Rating is likely to remain unchanged

Rating Watch

Not Applicable

Not Applicable

Repayment Priority

Higher the level, higher the priority of investment repayment on default

Senior

Security with Collateral?

An investment secured with collateral helps

SECURED

UNSECURED

Type of Guarantee

Guarantee of investment by third-party if company defaults

GUARANTEED

NON GUARANTEED

PARTIAL GUARANTEED

gurantee icon

Want to know more?

Download Issue Documents (Information Memorandum / Termsheet)

What other details I need to know?

Other Important bond related information that can help you with decision making

How do I buy this bond?

You can follow the steps mentioned to complete your Purchase.

How do I buy this bond?

You can follow the steps mentioned to complete your Purchase.