INCRED FINANCIAL SERVICES LIMITED Coupon 9.8% | NBFC Retail Bond | IPO

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Returns (YTM)

N/A

Min. Investment

N/A

Remaining Tenure

2Y 2M 19Days

Payment Terms

Yearly

About Issuer

INCRED FINANCIAL SERVICES LIMITED

A data-driven risk analytics focussed tech lending company InCred is a new-age financial service platform with its presence in the arena such as investment, wealth & asset management, banking, financing, and institutional equities. Being founded in 2016, it has 900+ employees altogether working on the cutting-edge tech architecture which is meant to be the backbone of the functions and the processes involved.

It has its business verticals in 3 areas like retail and SME lending, and educational finance. InCred is having a net worth of 2,250 Cr and more along with the growth trajectory seen month on month. Recently in a merger with KKR India Financial Services, it is now rated as CRISIL A+/Stable by CRISIL and CARE A+/Stable by CARE.

With a vision to help all those who are most in need by excluding the traditional outdated process while keeping in line with the interest of stakeholders they want to extend their hands by lending services in the most efficient way.

Total Annual Revenue

392 Cr (FY 21)

Year of Inception

1995

Industry

NBFC Retail

Head Office

Mumbai

Type of Issuer

Corporate

Current MD/CEO

Mr. Bhupinder Singh

Credit Rating / Outlook

A+ STABLE

CRISIL

Credit rating by different rating agencies indicates the bond issuer’s ability to repay its debt obligations. A bond can be rated by one or more SEBI registered credit rating agencies e.g. CRISIL, CARE, ICRA, IND, BWR, ACUITE, INFOMERICS.
Bonds/NCDs with A credit rating are considered to have an adequate degree of safety regarding timely servicing of debt obligations. Such Bonds/NCDs carry low credit risk.
Stable Outlook suggests that the rating is unlikely to change significantly in the near to medium term, indicating a stable credit profile of the issuer.

Other Important Details & Disclosures

Issuer Name

INCRED FINANCIAL SERVICES LIMITED

Security Name

ISIN

Copy

Face Value

₹ 1,000

Coupon Rate

9.8%

Coupon Type

FIXED

Payment Terms

Yearly

Clean Price

Dirty Price

Current Yield

Mode of Issue

Public Placement

Date of Issue

Listed

Yes

Instrument Type

Taxable

Security

Secured

Seniority

SENIOR

Perpetual

Trustee Details

Registrar Details

Looking For More Information ?

Download Prospectus

Taxation

10%

TDS on Interest Income*

*Given TDS is indicative and fully claimable while filing ITR. The interest income from this bond will be taxable and will appear in the additional source of income in your ITR. Please consult your tax advisor for precise taxation details
As a listed bond, it is subject to capital gains tax based on the holding period. A holding period of less than 1 year qualifies as short-term, while more than 1 year qualifies as long-term.
You can submit your Form 15G/15H to the registrar and debenture trustee of the bond to avoid the TDS deduction. Download Form

Registrar details: NA

This bond is
currently out of stock

Download Cashflow

FAQs about INCRED FINANCIAL SERVICES LIMITED bonds

How to buy this INCRED FINANCIAL SERVICES LIMITED IPO online?

You can invest in bonds online in under 5 minutes. To buy INCRED FINANCIAL SERVICES LIMITED IPO online follow the steps below:

Login/signup at GoldenPi
Upload your documents online to complete the KYC
Pay online via payment gateway and receive bond units in your demat account

What is the yield of this INCRED FINANCIAL SERVICES LIMITED IPO?

9.82% is the current yield of this INCRED FINANCIAL SERVICES LIMITED IPO. A bond’s current yield indicates the annual return based on its current market price and annual coupon payment.
In addition to current yield, the yield to maturity (YTM) of this INCRED FINANCIAL SERVICES LIMITED bond is 9.82%, which indicates the total expected return if the bond is held till the maturity date. It is calculated using the XIRR method considering current price, face value, coupon payments, and time to maturity.

Is it safe to invest in bonds?

Investing in bonds is relatively a safer option but it depends on factors like:

The creditworthiness of the issuer indicated by the credit rating
The debt quality of the bond indicated by its seniority and security
Your investment goals and risk appetite

If you are an existing bond investor and want to sell your bond holdings before maturity, you can do so through the secondary market. This can be done either through exchanges such as BSE or NSE, or you can also request a quote from your relationship manager at GoldenPi.

How to redeem this INCRED FINANCIAL SERVICES LIMITED IPO?

To redeem this INCRED FINANCIAL SERVICES LIMITED IPO, bond, kindly first check its redemption value and redemption schedule. This can be found by downloading the cash flow from the “Calculate Your Returns” section of this page or by contacting the support team at GoldenPi.
Once you buy this bond, the units would be reflected in your demat account.
Upon maturity, the bond units held in your demat account will be automatically debited on the maturity date, and if the maturity date falls on a bank holiday, the redemption amount will be paid out on the next working day.
The funds will be credited to the bank account linked to your demat account. The process of redeeming this INCRED FINANCIAL SERVICES LIMITED bond is generally simple and straightforward. Contact our support team for more information.

Is this INCRED FINANCIAL SERVICES LIMITED IPO tax-free?

No, this INCRED FINANCIAL SERVICES LIMITED IPO is not tax free. The interest income received from these bonds will be treated as “income from other sources” in the ITR and the tax will be calculated as per your income tax slab.

To know more about taxation in detail please read this article: https://goldenpi.com/blogessentials/bond-market/taxation-on-gains-from-bond-investments/

Can I sell this INCRED FINANCIAL SERVICES LIMITED IPO before the maturity date?

Yes, it is possible to sell this INCRED FINANCIAL SERVICES LIMITED bond before maturity. However, as the sale process happens in the secondary market, the price can be determined by a variety of factors, including interest rates, credit ratings, company performance, and market demand.

To know more about the sale process, contact us at https://goldenpi.com/contact-us

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Investments in debt securities/municipal debt securities/securitized debt instruments are subject to risks including delay and/or default in payment. Read all the offer-related documents carefully.
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Fixed Deposits are offered in the capacity of a distributor and all disputes with respect to distribution activity, would not have access to exchange investor redressal forum or arbitration mechanism.

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About Issuer

INCRED FINANCIAL SERVICES LIMITED

Credit Rating / Outlook

Other Important Details & Disclosures

Taxation

How to buy this INCRED FINANCIAL SERVICES LIMITED IPO online?

What is the yield of this INCRED FINANCIAL SERVICES LIMITED IPO?

Is it safe to invest in bonds?

How to redeem this INCRED FINANCIAL SERVICES LIMITED IPO?

Is this INCRED FINANCIAL SERVICES LIMITED IPO tax-free?

Can I sell this INCRED FINANCIAL SERVICES LIMITED IPO before the maturity date?

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