LENDINGKART FINANCE LIMITED Coupon 11.95% | NBFC Corporate Bond

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

Earn 11.27% p.a

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Returns (YTM)

N/A

Min. Investment

N/A

Remaining Tenure

2Y 10M 18Days

Payment Terms

Monthly

Highlights

Credit Rating

ICRA BBB+/POSITIVE

Seniority

SENIOR

Security

Secured

Default History

Zero

About Issuer

LENDINGKART FINANCE LIMITED

Lendingkart Finance Limited is a non-deposit taking NBFC. It is specialized in providing Instant working capital, Financing, Lending, Small business loans, Data Analytics, Automated Credit Decisions, and Business Loans. Lendingkart Finance Limited was formerly Aadri Infin Limited. Lendingkart Finance Limited was founded in the year 2014, and it is headquartered in Ahmedabad, Gujrat.

In the year ended on March 31, 2020, the company announced a total income of Rs 46,430.28 Lakhs. Mr. Harshvardhan Raichand Lunia is the Managing Director of the company.

Total Annual Revenue

464.30 Cr (FY 20)

Year of Inception

2014

Industry

NBFC Corporate

Head Office

Mumbai

Type of Issuer

Corporate

Current MD/CEO

Mr. Harshvardhan Lunia

Credit Rating / Outlook

BBB+ POSITIVE

ICRA

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 BBB credit rating are considered to have a moderate to low degree of safety regarding timely servicing of debt obligations. Such Bonds/NCDs carry moderate to high credit risk, hence it is suitable for investors with high risk tolerance.
Positive Outlook suggests a higher probability of a rating upgrade in the medium term, reflecting favorable trends or events that strengthen the issuer's creditworthiness.

Other Important Details & Disclosures

Issuer Name

LENDINGKART FINANCE LIMITED

Security Name

ISIN

Copy

INE090W07618

Face Value

₹ 1,00,000

Coupon Rate

11.95%

Coupon Type

FIXED

Payment Terms

Monthly

Maturity Date

30-Oct-2026

Clean Price

₹ 100.65

Dirty Price

Current Yield

Yield to Maturity

12.3171%

Mode of Issue

Private Placement

Date of Issue

30-Oct-2023

Listed

Yes

Instrument Type

Taxable

Security

Secured

Seniority

SENIOR

Perpetual

Trustee Details

Registrar Details

Looking For More Information ?

Request 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 LENDINGKART FINANCE LIMITED bonds

How to buy this LENDINGKART FINANCE LIMITED bond online?

You can invest in bonds online in under 5 minutes. To buy LENDINGKART FINANCE LIMITED 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 LENDINGKART FINANCE LIMITED bond?

12.3171% is the current yield of this LENDINGKART FINANCE 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 LENDINGKART FINANCE LIMITED bond is 12.3171%, 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 LENDINGKART FINANCE LIMITED bond?

To redeem this LENDINGKART FINANCE 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 LENDINGKART FINANCE LIMITED bond is generally simple and straightforward. Contact our support team for more information.

Is this LENDINGKART FINANCE LIMITED bond tax-free?

No, this LENDINGKART FINANCE 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 LENDINGKART FINANCE LIMITED bond before the maturity date?

Yes, it is possible to sell this LENDINGKART FINANCE 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

Need Help?

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Highlights

About Issuer

LENDINGKART FINANCE LIMITED

Credit Rating / Outlook

Other Important Details & Disclosures

Taxation

How to buy this LENDINGKART FINANCE LIMITED bond online?

What is the yield of this LENDINGKART FINANCE LIMITED bond?

Is it safe to invest in bonds?

How to redeem this LENDINGKART FINANCE LIMITED bond?

Is this LENDINGKART FINANCE LIMITED bond tax-free?

Can I sell this LENDINGKART FINANCE LIMITED bond before the maturity date?

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Filling complaints on SMARTODR & SCORES - Easy & Quick

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