IIFL SAMASTA FINANCE LIMITED

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INE413U08093 is Out of Stock

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INE413U08093 - Bond Details

Returns (YTM)

N/A

Min. Investment

N/A

Remaining Tenure

4Y 6M 6Days

Payment Terms

Yearly

Highlights

Credit Rating

CRISIL AA-/STABLE

Seniority

SUBORDINATE

Security

Unsecured TIER II

Default History

Zero

Backed by : Marquee PE investors Fairfax, Capital group, HSBC Mf, and Vanguard.

Strong Management Team : Samasta brings 17+ years of microfinance experience, supported by a senior team with 160+ years in lending and financial services.

Comfortable Capitalisation : CRAR of 32.28% (well above the RBIs 15% minimum requirement)

Strong Liquidity : Cash and bank balances stood at ~INR 1,317Cr (Mar 2025), representing ~14% of total assets of ~INR 9,225Cr, indicating strong liquidity.

Company Financials

AUM

Net Worth

PAT

Cash & Cash Eq.

Important disclaimer

Ratio Analysis

1.46

Net NPA

Good

Benchmark: Lower than 3%

4.7

Gross NPA

Good

Benchmark: Lower than 5%

32.38

Capital Adequacy Ratio

Good

Benchmark: Minimum 14%

Important disclaimer

About Issuer

IIFL Samasta Finance Limited, founded in March 2008, is a Bengaluru-based microfinance institution dedicated to economically empowering underserved women in rural and semi-urban areas across India. As a subsidiary of IIFL Finance Limited, it offers innovative and affordable financial products, including income generation loans and water and sanitation loans, to support women's entrepreneurial aspirations. Operating in 22 states with over 1,600 branches, IIFL Samasta plays a pivotal role in promoting financial inclusion and sustainable economic growth.

Total Annual Revenue

Rs. 2770.03 Cr (FY 2024)

Year of Inception

2008

Industry

NBFC Retail

Head Office

BANGALORE

Type of Issuer

Corporate

Current MD/CEO

Mr. VENKATESH N

Credit Rating / Outlook

AA- STABLE

CRISIL

Rating Rationale

Rating Date: 30-Sep-2024

AA- STABLE

ACUITE

Rating Rationale

Rating Date: 30-Oct-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 AA credit rating are considered to have a high degree of safety regarding timely servicing of debt obligations. Such Bonds/NCDs carry very 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

IIFL SAMASTA FINANCE LIMITED

Security Name

11% IIFL SAMASTA FINANCE LIMITED UnSecured Rated Listed NCD Maturity 18-May-2030

ISIN

Copy

INE413U08093

Face Value

₹ 1,00,000

Issued FV

₹ 1,00,000

Coupon Rate

11%

Coupon Type

FIXED

Payment Terms

Yearly

Maturity Date

18-May-2030

Clean Price

₹ 98.3

Dirty Price

Current Yield

11.1899%

Yield to Maturity

11.4506%

Mode of Issue

Private Placement

Date of Issue

18-May-2023

Listed

Yes

Instrument Type

Taxable

Security

Unsecured

Seniority

SUBORDINATE

Perpetual

Tier level

Trustee Details

Beacon Trusteeship Ltd

Registrar Details

Link Intime India Private Limited

C-13, Pannalal Silk Mills Compound LBS MargBhandup (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 121 to the registrar and debenture trustee of the bond to avoid the TDS deduction. Download Form

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

This bond is
currently out of stock

Download Cashflow

FAQs about IIFL SAMASTA FINANCE LIMITED bonds

How to buy this IIFL SAMASTA FINANCE LIMITED bond online?

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What is the yield of this IIFL SAMASTA FINANCE LIMITED bond?

undefined% is the current yield of this IIFL SAMASTA 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 IIFL SAMASTA FINANCE LIMITED bond is undefined%, 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 IIFL SAMASTA FINANCE LIMITED bond?

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

Is this IIFL SAMASTA FINANCE LIMITED bond tax-free?

No, this IIFL SAMASTA 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 IIFL SAMASTA FINANCE LIMITED bond before the maturity date?

Yes, it is possible to sell this IIFL SAMASTA 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

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IIFL SAMASTA FINANCE LIMITED

IIFL SAMASTA FINANCE LIMITED

INE413U08093 - Bond Details

Highlights

Company Financials

Ratio Analysis

About Issuer