NAMRA FINANCE LIMITED

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Returns

11.1%

Min. Investment

₹ 30,260.29

Remaining Tenure

1Y 8M 18Days

Payment Terms

Quarterly

Highlights

Credit Rating

ACUITE A-/STABLE

Seniority

SENIOR

Security

Secured

Default History

Zero

Comfortable Capitalisation : Capital of inr 70Cr was infused in Namra in FY’25, as of Dec’25 Namra’s net worth is INR 610Cr with comfortable leverage of 1.33x and CRAR of 48.37%, well above the RBI's 15% minimum requirement.

Strong Market Presence: AFSL is a Listed company on both NSE and BSE, with a share price of INR. 1,621 as of 8 April 2026, with a strong market capitalisation of ~INR 1,700 crore.

Experienced Management Team : Namra is led by Jayendrabhai B. Patel (Founder & MD with 28+ years of experience in financial services & corporate leadership) and Aalok J. Patel (Executive Director, CPA (USA), with prior experience at KPMG and John Deere), supported by team with a cumulative experienced of ~150 years

Company Financials

AUM

Net Worth

PAT

Cash & Cash Eq.

Important disclaimer

Ratio Analysis

0.37

Net NPA

Good

Benchmark: Lower than 3%

3.36

Gross NPA

Good

Benchmark: Lower than 5%

48.37

Capital Adequacy Ratio

Good

Benchmark: Minimum 14%

1.33

Debt to Equity Ratio

Good

Benchmark: Lower than 6 times

Important disclaimer

About Issuer

Incorporated in 2012, Namra Finance Limited (“Namra”) is an Acuite A (Stable) rated NBFC, systematically important NBFC focusing on providing JLG Loans to borrowers in rural and semi-urban areas. The company operates through 395+ branches across 160 districts in 11 states, serving ~5.2 lakh customers.

Namra is a wholly owned subsidiary of Arman Financial Services Limited (“Arman”), with the group having a diversified lending presence across microfinance, MSME, and two-wheeler financing segments. Arman is listed on both BSE and NSE with a share price of INR 1,600, resulting into a market capitalization of ~INR 1,700Cr.

The group has raised INR 450Cr+ in equity capital till date from marquee investors including Airavat Capital and Elevation Capital, among others.

Total Annual Revenue

552.37 Cr ( FY- 2025 )

Year of Inception

2012

Industry

NBFC Retail

Head Office

AHMEDABAD

Type of Issuer

Corporate

Current MD/CEO

Mr. Jayendra B. Patel

Credit Rating / Outlook

A- STABLE

ACUITE

Rating Rationale

Rating Date: 15-Apr-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

NAMRA FINANCE LIMITED

Security Name

10.9% NAMRA FINANCE LIMITED Secured Rated Listed NCD Maturity 24-Apr-2028

ISIN

Copy

INE229U07186

Face Value

₹ 10,000

Issued FV

₹ 10,000

Coupon Rate

10.9%

Coupon Type

FIXED

Payment Terms

Quarterly

Maturity Date

24-Apr-2028

Clean Price

₹ 100.33

Dirty Price

₹ 100.87

Current Yield

10.8641%

Yield to Maturity

11.1%

Mode of Issue

Private Placement

Date of Issue

24-Apr-2026

Listed

Yes

Instrument Type

Tax Free

Security

Secured

Seniority

SENIOR

Perpetual

Trustee Details

Vardhman Trusteeship Private Limited

Unit No. 412, The Capital, C-70 G Block, Bandra Kurla Complex, Bandra East, Mumbai, Maharashtra, India, 400051

Registrar Details

BIGSHARE SERVICES PRIVATE LIMITED

Office No. 303, Sun Square Complex, Off CG Road, Navrangpura, Ahmedabad - 380009, Gujarat

Looking For More Information ?

Download Prospectus

Taxation

Tax on Interest Income*

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 Tax deduction. Download Form

Registrar details: BIGSHARE SERVICES PRIVATE LIMITED Office No. 303, Sun Square Complex, Off CG Road, Navrangpura, Ahmedabad - 380009, Gujarat

Units

Investment Amount

₹ 30,260.29

Total Returns

₹ 5,065.79

Total Receivable

₹ 35,326.08

Cashflow Timeline

Similar Bonds

FAQs about NAMRA bonds

How to buy this NAMRA bond online?

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

11.1% is the current yield of this NAMRA 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 NAMRA bond is 11.1%, 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 NAMRA bond?

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

Is this NAMRA bond tax-free?

No, this NAMRA 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 NAMRA bond before the maturity date?

Yes, it is possible to sell this NAMRA 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.

Note to Investors

GoldenPi Securities Pvt. Ltd. (“GSPL”) is a wholly owned subsidiary of GoldenPi Technologies Pvt. Ltd. (“GTPL”) and is a SEBI registered broker under BSE new debt segment allowing investors to trade in secondary bonds & debentures through exchange.

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.
Investors can update their email id and mobile number with their stock broker / depository participant and receive OTP directly from the depository on email id and/or mobile number to create a pledge. Investors can check their securities / MF / bonds in the consolidated account statement issued by NSDL/CDSL every month.

The FAQs on the platform are exclusively for educational information/knowledge and do not influence the investment/sale decisions of any investors.As you are aware, under the rapidly evolving dynamics of financial markets, it is crucial for investors to remain updated and well-informed about various aspects of investing in securities market. In this connection, please find a link to the BSE Investor Protection Fund website where you will find some useful educative material in the form of text and videos, so as to become an informed investor. https://www.bseipf.com/investors_education.html
We believe that an educated investor is a protected investor !!!

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.

We understand that certain investment advisors may be approaching members of the public including our clients, representing that they are our partners, or representing that their investment advice is based on our research. Please note that we have not engaged any third parties to render any investment advisory services on our behalf nor are we providing any stock recommendations/tips/research report/advisory. Persons making investments on the basis of such advice may lose all or a part of their investments along with the fee paid to such unscrupulous persons. Please be cautious about any phone call that you may receive from persons representing to be such investment advisors, or a part of research firm offering advice on securities. Do not make payments through e-mail links, WhatsApp or SMS. Please do not share your personal or financial information with any person without proper verification. Always trade through a registered broker.

We collect, retain, and use your contact information for legitimate business purposes only, to contact you and to provide you information & latest updates regarding our products & services.

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

Risk Disclosure & Regulatory Information

Fixed returns do not mean guaranteed or assured returns. Investments in corporate debt securities, municipal debt securities, and securitised debt instruments carry credit risk, market risk, and default risk, including delay or default in payment. Please read all offer-related documents carefully before you invest.

The online bond platform goldenpi.com is owned by GoldenPi Securities Pvt Ltd (GSPL), an OBPP and debt broker registered with SEBI. GSPL is a wholly owned subsidiary of GoldenPi Technologies Pvt Ltd (GTPL).

SEBI Registration No.: INZ000310732 | BSE Member ID: 6809 | NSE Member ID: 90331

Compliance Officer: Kunal Sharma, 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

₹ 824.22

24 Oct

Interest

₹ 824.22

Interest

₹ 824.22

2027

₹ 3,270

2028

₹ 31,231.86

* The interest amount is paid as per total invested face value (₹ 30000) and annual coupon rate of 10.9%. 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.