KRAZYBEE SERVICES PRIVATE LIMITED Coupon 9.85% | NBFC Retail Bond

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Invest in Gold Loan Backed Bonds from Muthoottu Mini Financiers Ltd.

Earn 11.27% p.a

Invest Now

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Invest in Gold Loan Backed Bonds from Muthoottu Mini Financiers Ltd.

Earn 11.27% p.a

Invest Now

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Returns (YTM)

N/A

Min. Investment

N/A

Remaining Tenure

1Y 1M 17Days

Payment Terms

Monthly

Highlights

Credit Rating

CRISIL A-/STABLE

Seniority

SENIOR

Security

Secured

Default History

Zero

Technology-Driven Lending Model: End-to-end digital lending through KreditBee app allows quick loan disbursements (~15-20 minutes turnaround time).

Robust Capitalization: Net worth (NW) improved to ₹2,705 crore as of September 2024 from ₹2,537 crore in March 2024, supported by regular private equity (PE) infusions.

Strong Investor Backing: Backed by marquee investors like Premji Invest, Advent International, MUFG Bank, TPG NewQuest Capital, Motilal Oswal PE, and ICICI Bank.

Profitability Improvement: Reported PAT of ₹285 crore in FY24, a 3x increase from ₹93 crore in FY23. ROMA improved from 2.3% (FY23) to 3.9% (FY24).

Adequate Liquidity Position: Cash and bank balance of ₹1,093 crore as of September 30, 2024 ensures liquidity.

Efficient Cost Management: Operating expenses improved to 12.3% in FY24 from 15.7% in FY23.

Diversified Revenue Model: Income from interest on own book, co-lending partnerships, and processing fees.

Company Financials

Revenue

PAT

Debt

Net Worth

Important disclaimer

Ratio Analysis

0.66

Net NPA

Good

Benchmark: Lower than 3%

33.89

Capital Adequacy Ratio

Good

Benchmark: Minimum 14%

0.93

Operating Cash Flow to Equity Ratio

Good

Benchmark: Maximum 12 times

1.85

Interest Coverage Ratio

Risky

Benchmark: Minimum 2

Important disclaimer

About Issuer

KRAZYBEE SERVICES PRIVATE LIMITED

Krazybee Services known as NBFC, accepts Non-Depost and is registered under RBI. Financial experts and experienced entrepreneurs have joined hands to build Krazybee to revolutionize the lending industry with new-generation technology to make credit available to one all while also trying to tackle the pressing challenges in this space.

With the aim to be the primary source for availing credits to the borrowers, it is tied up with other financial technology platforms to cater to the borrowers with all their borrowing needs. It operates 24/7 and has successfully catered 90 lakhs and more customers who are satisfied with 35,000 crores of credit so far.

It is set up in Bangalore and aims to continuously innovate and is successful in raising its benchmark over the years.

Total Annual Revenue

Rs 615 Cr (FY 2022)

Year of Inception

2016

Industry

NBFC Retail

Head Office

BANGALORE

Type of Issuer

Corporate

Current MD/CEO

Mr Madhusudan E

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

KRAZYBEE SERVICES PRIVATE LIMITED

Security Name

ISIN

Copy

INE07HK07692

Face Value

₹ 1,00,000

Coupon Rate

9.85%

Coupon Type

FIXED

Payment Terms

Monthly

Maturity Date

16-May-2025

Clean Price

₹ 98.4

Dirty Price

Current Yield

Yield to Maturity

11.9632%

Mode of Issue

Private Placement

Date of Issue

16-Feb-2024

Listed

Yes

Instrument Type

Taxable

Security

Secured

Seniority

SENIOR

Perpetual

Trustee Details

Vardhaman Trusteeship Private Limited

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

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FAQs about KRAZYBEE SERVICES PRIVATE LIMITED bonds

How to buy this KRAZYBEE SERVICES PRIVATE LIMITED bond online?

You can invest in bonds online in under 5 minutes. To buy KRAZYBEE SERVICES PRIVATE LIMITED bond online follow the steps below:

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Pay online via payment gateway and receive bond units in your demat account

What is the yield of this KRAZYBEE SERVICES PRIVATE LIMITED bond?

0% is the current yield of this KRAZYBEE SERVICES PRIVATE LIMITED 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 KRAZYBEE SERVICES PRIVATE LIMITED bond is 0%, 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 KRAZYBEE SERVICES PRIVATE LIMITED bond?

To redeem this KRAZYBEE SERVICES PRIVATE LIMITED 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 KRAZYBEE SERVICES PRIVATE LIMITED bond is generally simple and straightforward. Contact our support team for more information.

Is this KRAZYBEE SERVICES PRIVATE LIMITED bond tax-free?

No, this KRAZYBEE SERVICES PRIVATE LIMITED 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 KRAZYBEE SERVICES PRIVATE LIMITED bond before the maturity date?

Yes, it is possible to sell this KRAZYBEE SERVICES PRIVATE 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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Highlights

Company Financials

Ratio Analysis

About Issuer

KRAZYBEE SERVICES PRIVATE LIMITED

Credit Rating / Outlook

Other Important Details & Disclosures

Taxation

How to buy this KRAZYBEE SERVICES PRIVATE LIMITED bond online?

What is the yield of this KRAZYBEE SERVICES PRIVATE LIMITED bond?

Is it safe to invest in bonds?

How to redeem this KRAZYBEE SERVICES PRIVATE LIMITED bond?

Is this KRAZYBEE SERVICES PRIVATE LIMITED bond tax-free?

Can I sell this KRAZYBEE SERVICES PRIVATE LIMITED bond before the maturity date?

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