IIFL SAMASTA FINANCE LIMITED Coupon 11% | NBFC Retail 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)

10.96%

Min. Investment

₹ 1,03,616.44

Remaining Tenure

4Y 8M 7Days

Payment Terms

Yearly

Highlights

Credit Rating

CRISIL AA-/STABLE

Seniority

SUBORDINATE

Security

Unsecured TIER II

Default History

Zero

Strong Credit Enhancement: Total credit enhancement of ~6.5x the estimated pool losses (4.25%), including 6% cash collateral (Rs. 4.37 crore) and 10% principal subordination.

Granular Loan Pool: 18,925 contracts with no single loan exceeding 0.01% of the pool principal, minimizing concentration risk.

Zero Overdues: Pool filtered to exclude overdue contracts, ensuring 100% current repayment status at cutoff.

Seasoned Portfolio: Pool amortized by 19% with no delinquencies post-disbursement, reflecting borrower reliability.

Experienced Originator: IIFL Samasta has 17+ years of microfinance operations and a Rs. 11,556 crore portfolio (as of Dec 2024).

Company Financials

Revenue

PAT

Debt

Net Worth

Important disclaimer

Ratio Analysis

23.99

Capital Adequacy Ratio

Good

Benchmark: Minimum 14%

4.82

Operating Cash Flow to Equity Ratio

Good

Benchmark: Maximum 12 times

1.56

Interest Coverage Ratio

Risky

Benchmark: Minimum 2

Important disclaimer

About Issuer

IIFL SAMASTA FINANCE LIMITED

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

Coupon Rate

11%

Coupon Type

FIXED

Payment Terms

Yearly

Maturity Date

18-May-2030

Clean Price

₹ 100

Dirty Price

₹ 103.62

Current Yield

11%

Yield to Maturity

10.9575%

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

Unit

Investment Amount

₹ 1,03,616.44

Total Returns

₹ 51,383.56

Total Receivable

₹ 1,55,000

Cashflow Timeline

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Returns

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Payout

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Credit Rating

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Payout

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Min Investment

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Returns

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Payout

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FAQs about IIFL SAMASTA FINANCE LIMITED bonds

How to buy this IIFL SAMASTA FINANCE LIMITED bond online?

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

10.9575% 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 10.9575%, 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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Cashflow Timeline

Timeline	Total Receivable*	Net Receivable**
18 May , 2026	Interest ₹ 11,000	Interest ₹ 9,900
18 May , 2027	Interest ₹ 11,000	Interest ₹ 9,900
18 May , 2028	Interest ₹ 11,000	Interest ₹ 9,900
18 May , 2029	Interest ₹ 11,000	Interest ₹ 9,900
18 May , 2030	Interest ₹ 11,000 + ₹ 1,00,000 (100% of Principal)	Interest ₹ 9,900 + ₹ 1,00,000 (100% of Principal)

* The interest amount is paid as per total invested face value (₹ 100000) and annual coupon rate of 11%.

** 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

IIFL SAMASTA FINANCE LIMITED

Credit Rating / Outlook

Other Important Details & Disclosures

Taxation

How to buy this IIFL SAMASTA FINANCE LIMITED bond online?

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

Is it safe to invest in bonds?

How to redeem this IIFL SAMASTA FINANCE LIMITED bond?

Is this IIFL SAMASTA FINANCE LIMITED bond tax-free?

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

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Note to Investors

Filling complaints on SMARTODR & SCORES - Easy & Quick

Cashflow Timeline