SATIN FINSERV LIMITED

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Returns (YTM)

12.1%

Min. Investment

₹ 9,780.89

Remaining Tenure

1Y 9M 4Days

Payment Terms

Monthly

Highlights

Credit Rating

ICRA A-/STABLE

Seniority

SENIOR

Security

Secured

Default History

Zero

Strong Team: Led by Founder, Chairman and Managing Director Dr. H. P. Singh, who brings 30+ years of experience in lending and financial services and has held leadership roles at Sa-Dhan and FICCI, the promoter group held a 36.2% stake as of March 31, 2025.

Comfortable Capitalisation: Net worth strengthened significantly to 287 Crs crore as of March 2026 from 190 crs in March 2025. Satin also maintains a strong capital position with a CRAR of 36.1% and low gearing of 2.7x, supported by continued capital infusion from parent SCNL.

Moderate scale of Operations: 55% annualised AUM growth to ₹1000 Cr as of March 2026, driven by strong momentum in its sustainability focused business vertical.

Company Financials

PAT

AUM

Net Worth

Cash & Cash Eq.

Important disclaimer

Ratio Analysis

2.35

Net NPA

Good

Benchmark: Lower than 3%

3.8

Gross NPA

Good

Benchmark: Lower than 5%

2.55

Capital Adequacy Ratio

Good

Benchmark: Minimum 14%

Important disclaimer

About Issuer

Satin Finserv Limited (“Satin”), incorporated in 2018, is an ICRA A-rated, systemically important non-deposit-taking NBFC that bridges the Micro enterprise financing gap through lending solutions focused on business growth.

Satin is a 100% wholly owned subsidiary of Satin Creditcare Network Limited (“SCNL”), which is one of India’s Top 10 NBFC – MFI lender. SCNL is supported by marquee equity investors, including IndusInd Bank, ICICI prudential life insurance, Bandhan small cap fund and others. SCNL equity shares are listed on NSE and BSE with a market capitalization of ~?1,724 crore.

Satin has a strong pan-India presence with an AUM of ?1,000 crs, operating across 14 states through 121 branches and serving ~50k+ customers.

Total Annual Revenue

107 Cr (FY 2022-23)

Year of Inception

2018

Industry

NBFC Retail

Head Office

Gurugram

Type of Issuer

Corporate

Current MD/CEO

Mr.H P Singh

Credit Rating / Outlook

A- STABLE

ICRA

Rating Rationale

Rating Date: 05-Mar-2026

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

SATIN FINSERV LIMITED

Security Name

10.25% SATIN FINSERV LIMITED Secured Rated Listed NCD Maturity 20-Mar-2028

ISIN

Copy

INE03K307132

Face Value

₹ 10,000

Issued FV

₹ 10,000

Coupon Rate

10.25%

Coupon Type

FIXED

Payment Terms

Monthly

Maturity Date

20-Mar-2028

Clean Price

₹ 98.03

Dirty Price

₹ 97.81

Current Yield

10.4556%

Yield to Maturity

12.1%

Mode of Issue

Private Placement

Date of Issue

20-Mar-2026

Listed

Yes

Instrument Type

Taxable

Security

Secured

Seniority

SENIOR

Perpetual

Trustee Details

Catalyst Trusteeship Limited (Formerly GDA Trusteeship Limited)

GDA House, Plot No.85, Bhusari Colony (Right),Paud Road, Kothrud,Pune 411038

Registrar Details

KFIN TECHNOLOGIES LIMITED

Selenium Tower B, Plot 31-32, Gachibowli, Financial District, Nanakramguda, Hyderabad - 500032

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 121 to the registrar and debenture trustee of the bond to avoid the TDS deduction. Download Form

Registrar details: KFIN TECHNOLOGIES LIMITED Selenium Tower B, Plot 31-32, Gachibowli, Financial District, Nanakramguda, Hyderabad - 500032

Unit

Investment Amount

₹ 9,780.89

Total Returns

₹ 1,993.76

Total Receivable

₹ 11,774.65

Cashflow Timeline

Similar Bonds

FAQs about SATIN FINSERV bonds

How to buy this SATIN FINSERV bond online?

You can invest in bonds online in under 5 minutes. To buy SATIN FINSERV bond 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 SATIN FINSERV bond?

12.1% is the current yield of this SATIN FINSERV bond. 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 SATIN FINSERV bond is 12.1%, 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 SATIN FINSERV bond?

To redeem this SATIN FINSERV bond, 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 SATIN FINSERV bond is generally simple and straightforward. Contact our support team for more information.

Is this SATIN FINSERV bond tax-free?

No, this SATIN FINSERV bond 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 SATIN FINSERV bond before the maturity date?

Yes, it is possible to sell this SATIN FINSERV 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

Need Help?

Talk to our Support Team for free. We will help you through your investment journey.

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Fixed returns do not constitute guaranteed or assured returns. Investments in corporate debt securities, municipal debt securities/securitised debt instruments are subject to credit risks, market risks and default risks including delay and/or default in payment. Read all the offer related documents carefully.
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The information shown on the website should not be construed as financial advice or as an offer or recommendation to buy or sell any security or any products/services of GSPL or any product/services of its third-party client(s). The user should act and rely on the information/data shown on the website only after understanding all associated risk parameters. Any action/decision taken by the user on the basis of the information shown on this website shall be the sole responsibility of the user. Neither GSPL nor its directors, employees, associates, representatives, or agents shall be liable for any damages whether direct, indirect, special, or consequential including lost revenue or lost profits that may arise to the user from or in connection with the use of the information/data shown on this website.

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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.

Attention Investors - Check your securities / MF / bonds in the consolidated account statement issued by NSDL/CDSL every month. Issued in the interest of Investors

Filling complaints on SMARTODR & SCORES - Easy & Quick

a. Register on the portal | b. Mandatory details for register and filing complaints - Name, PAN, Address, Mobile Number, E-mail ID | c. Benefits: i. Effective Communication ii. Speedy redressal of the grievances | d. Complaints against the companies shall be subject to the SMARTODR/SCORES guidelines

GoldenPi Securities Pvt Ltd (“GSPL”) | SEBI Registration No.: INZ000310732 | BSE Member ID : 6809 | NSE Member ID: 90331

Compliance Officer: Ekta Sheth, Tel. No.: 080-45685666, Email ID: grievance-gspl@goldenpi.com (for any compliance & grievance related complaints)

Key Managerial Personnel:
Abhijit Roy - Designated Director & CEO, Samir Baran Pratihar - Designated Director & CTO
Tel. No.: 080-45685666 | Email: contact-us@goldenpi.com

Cashflow Timeline

Timeline

Total Receivable*

Net Receivable**

2026

₹ 513.9

₹ 462.51

26 Jul	Interest ₹ 84.25	Interest ₹ 75.83
26 Aug	Interest ₹ 87.05	Interest ₹ 78.34
26 Sep	Interest ₹ 87.05	Interest ₹ 78.34
26 Oct	Interest ₹ 84.25	Interest ₹ 75.83
26 Nov	Interest ₹ 87.05	Interest ₹ 78.34
26 Dec	Interest ₹ 84.25	Interest ₹ 75.83

2027

₹ 1,022.7

₹ 920.43

2028

₹ 10,238.05

₹ 10,214.24

* The interest amount is paid as per total invested face value (₹ 10000) and annual coupon rate of 10.25%.

** The net interest receivable is after 10% TDS for Indian Residents. However for NRI 30% TDS is deducted. The deducted TDS can be claimed while filing ITR.

Highlights

Company Financials

Ratio Analysis

About Issuer