KEERTANA FINSERV PRIVATE LIMITED Coupon 11.4% | NBFC Retail Bond

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Returns (YTM)

11.50%

Min. Investment

₹ 37,511.31

Remaining Tenure

7M 8Days

Payment Terms

Monthly

Highlights

Credit Rating

ICRA BBB/STABLE

Seniority

SENIOR

Security

Secured

Default History

Zero

Healthy Capitalization: CAR at 26.2% (9MFY25), ensuring regulatory compliance.

Stable Asset Quality: Gross Stage 3 assets at just 0.3% in 9MFY25.

Experienced Leadership: Led by Ms. Padmaja Reddy, ex-MD of Spandana Sphoorthy Financial Ltd.

Efficient Collections: 95.3% efficiency for Mirzam 12 23 & 93.0% for Twilight 12 2023 pools. No cash collateral utilization.

Diversified Lending Portfolio: Micro-enterprise loans, MSME loans, gold loans, LAP, and agriculture loans.

Company Financials

Revenue

PAT

Debt

Net Worth

Important disclaimer

Ratio Analysis

23.66

Capital Adequacy Ratio

Good

Benchmark: Minimum 14%

3.24

Operating Cash Flow to Equity Ratio

Good

Benchmark: Maximum 12 times

-1.98

Operating Cash Flow to Debt Ratio

Risky

Benchmark: Higher the ratio better it is.

1.57

Interest Coverage Ratio

Risky

Benchmark: Minimum 2

Important disclaimer

About Issuer

KEERTANA FINSERV PRIVATE LIMITED

Keretana Finserv is a Private Limited Company formerly called as Rajashree Tracoms. This NBFC got registered in 15th of November 2021. It is a new generation company focussed to be a Rural Financial Institution leveraging the technology to enable credit to customers by making it convenient, affordable and hassle free.

The Promoter Padmaraj Reddy has a 2 decades of experience in building Spandana Spoorthy Finance Limited and the team with collectively 100+ years of experience in building the businesses for small lending. They aim to meet the unmet credit requirements of emerging enterprise business. This segment is currently unserved or underservd by banks & NBFCs as well as they want to serve the low and middle income households.

They choose to serve in areas such as lending the micro enterprise with both unsecured and secured lending options, as well as Gold Loans. With a vision to be the go to financial institution to all those segments that are currently underserved with wide range of financial services and products to meet the clients requirement.

With over 100 and more branches in Telangana and Andhra Pradesh, their growth has been tremendous.

Total Annual Revenue

Rs 276.83 Cr (FY 2024)

Year of Inception

2021

Industry

NBFC Retail

Head Office

HYDERABAD

Type of Issuer

Corporate

Current MD/CEO

Mrs. Padmaja Reddy

Credit Rating / Outlook

BBB STABLE

ICRA

Rating Rationale

Rating Date: 10-Jun-2024

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.
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

KEERTANA FINSERV PRIVATE LIMITED

Security Name

11.4% KEERTANA FINSERV PRIVATE LIMITED Secured Rated Listed NCD Maturity 10-May-2026

ISIN

Copy

INE0NES07105

Face Value

₹ 37,500

Coupon Rate

11.4%

Coupon Type

FIXED

Payment Terms

Monthly

Maturity Date

10-May-2026

Clean Price

₹ 100.16

Dirty Price

₹ 100.03

Current Yield

11.3823%

Yield to Maturity

11.5044%

Mode of Issue

Private Placement

Date of Issue

10-May-2024

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

Link Intime India Private Limited,Mumbai

C-13, Pannalal Silk Mills Compound LBS Marg Bhandup (W) Mumbai 400078

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: Link Intime India Private Limited,Mumbai C-13, Pannalal Silk Mills Compound LBS Marg Bhandup (W) Mumbai 400078

Unit

Investment Amount

₹ 37,511.31

Total Returns

₹ 1,417.59

Total Receivable

₹ 38,928.9

Cashflow Timeline

Similar Bonds

Bonds by Same Issuer

KEERTANA FINSERV PRIVATE LIMITED

Min Investment

₹ 9,723.53

Returns

13.5%

Payout

Monthly

Credit Rating

BBB+/IND

FAQs about KEERTANA FINSERV PRIVATE LIMITED bonds

How to buy this KEERTANA FINSERV PRIVATE LIMITED bond online?

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

Login/signup at GoldenPi
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Pay online via payment gateway and receive bond units in your demat account

What is the yield of this KEERTANA FINSERV PRIVATE LIMITED bond?

11.5044% is the current yield of this KEERTANA FINSERV 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 KEERTANA FINSERV PRIVATE LIMITED bond is 11.5044%, 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 KEERTANA FINSERV PRIVATE LIMITED bond?

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

Is this KEERTANA FINSERV PRIVATE LIMITED bond tax-free?

No, this KEERTANA FINSERV 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 KEERTANA FINSERV PRIVATE LIMITED bond before the maturity date?

Yes, it is possible to sell this KEERTANA FINSERV 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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Cashflow Timeline

Timeline

Total Receivable*

Net Receivable**

2025

₹ 13,097.33

₹ 13,037.6

	10 Nov (Maturity)	Interest ₹ 363.08 + ₹ 12,500 (12.5% of Principal)	Interest ₹ 326.77 + ₹ 12,500 (12.5% of Principal)
	10 Dec	Interest ₹ 234.25	Interest ₹ 210.82

2026

₹ 25,831.58

₹ 25,748.42

* The interest amount is paid as per total invested face value (₹ 37500) and annual coupon rate of 11.4%. When the bond enters the staggered maturity cycle, it will be calculated based on the outstanding face value.

** 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

KEERTANA FINSERV PRIVATE LIMITED

Credit Rating / Outlook

Other Important Details & Disclosures

Taxation

How to buy this KEERTANA FINSERV PRIVATE LIMITED bond online?

What is the yield of this KEERTANA FINSERV PRIVATE LIMITED bond?

Is it safe to invest in bonds?

How to redeem this KEERTANA FINSERV PRIVATE LIMITED bond?

Is this KEERTANA FINSERV PRIVATE LIMITED bond tax-free?

Can I sell this KEERTANA FINSERV PRIVATE LIMITED bond before the maturity date?

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Cashflow Timeline