Spandana
Senior Secured Bond
- 12.00%
- 20M
- BBB+
- 1.1x
Reasons to invest
Equity listed: Spandana is a listed company on the NSE and BSE with a market capitalization of ~INR 1,790 crore, backed by marquee institutional investors including Goldman Sachs, ICICI Prudential Life Insurance, and ACM Global.
Well-capitalized: The company is supported by a net worth of INR 2,130 crore, CRAR of 35.9% more than double the RBI's minimum requirement and improved gearing of 1.9x, reflecting strong financial resilience.
Geographical Diversification: Over two decades of microfinance experience, with a presence across 19 states and 1 UT through 1,457 branches, limiting single-state concentration risk.
Comfortable Capitalisation: Strong net worth of ₹2,194 crore and healthy CAR of 29.76% as of March 2026, supported by regular equity infusions, including a ₹400 crore rights issue in July 2025.
Key highlights
1.1x Security Cover
Every ₹1 you invest is secured by ₹1.1 of pledged assets as collateral
Senior Secured Bond
You get repaid on priority first from pledged assets if the borrower defaults
Rating
High rated bond with 100% on time repayment track record
Payout Mechanism
- Quarterly Interest
- Principal At Maturity
Historic performance on GoldenPi
₹143 Cr
Repaid
4 K+
Investors
100% On Time
Repayments
Company Information
Documents and More
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