Bond Directory / INDOSTAR CAPITAL FINANCE LIMITED

INDOSTAR CAPITAL FINANCE LIMITED

DELETED

11.55% SECURED NON-CONVERTIBLE DEBENTURES. TRANCHE IX SERIES A. LETTER OF ALLOTMENT. DATE OF MATURITY 24/04/2017

ISIN

INE896L07124

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Essentials

Coupon Rate (Returns)

11.55%

Rating

AA-  CARE Ratings Limited

Interest Payment Frequency

ANNUALLY

Once Every Year

Maturity after

-8 years -2 months

Apr 24, 2017

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

40 Crores

Issue Price

₹10,00,000

Security class

Debentures

Listing details

BSE

Debenture Trustee

IDBI TRUSTEESHIP SERVICES LTD.

Issue

Private Placement

Issuer Details

INDOSTAR CAPITAL FINANCE LIMITED

Business Sector

Non-Banking Financial Company (NBFC)

Issuer Nature type

NBFC

Issuer Ownership

Non PSU

Factors

*Rating Agency -CARE Ratings Limited

Issue Size

Medium

Rating Category*

AA

Tax Saving

No

Mode of Issuance

Private Placement

Coupon Type

Simple

Factors

Issue Size

Medium

Rating Category*

AA

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.

IndoStar Capital Finance Limited

IndoStar Capital Finance Limited (ICFL) is registered with the RBI as a non-deposit taking NBFC and was founded and incorporated by private equity players (Everstone, Goldman Sachs, Baer Capital Partners, ACPI Investment managers, and CDIB International) with an initial capital of around Rs 900 crore. In May 2020, Brookfield invested Rs 1,225 crore and became the largest shareholder and co-promoter. As of June’24, Brookfield holds 56.20% stake, followed by the Everstone group) at 17.40%.

News and Announcement

Financial Performance

Particulars FY 25 (₹ in cr) FY 24 (₹ in cr)
PAT 52.59 71.61
Net Worth 3411 3089.71
GNPA% 4.52 4.97
REVENUE 1412.41 1125.23
NNPA% 2.46 2.09
CRAR% 28.46 28.87

Strong institutional support from majority shareholder and promoter, Brookfield

Increased granularity of loan book owing to retail focus

Comfortable capitalisation metrics

Moderate earnings profile

Moderate asset quality metrics

Adequate resource profile

What is my risk?

Each bond is regularly evaluated by multiple reputed rating agencies

Credit Rating

Credit Rating

AA-

(Jul 13, 2015)

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

Credit Outlook

Not Applicable

Not Applicable

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

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