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Incred Financial Services Limited 2028
active
non convertible debentures
Secured
ISIN
INE321N07699
Investment Details
Key Terms
Minimum Investment
₹5,07,174.66
For Settlement Date Jul 31, 2026
Maturity Date
11 Jun 2028
1 Year 10 Months 11 Days
Payment Frequency
quarterly
Coupon Rate
8.80 %
fixed
Financial Details
Coupon Type
fixed
Yield to maturity
8.87% p.a
Current Yield
8.77%
Clean Price
₹100.35
Dirty Price
₹101.43
Bond Details
Issue Size
N/A
Base Issue Size
N/A
Greenshoe Option Size
N/A
Issue Closes
N/A
Issue Type
nbfc
Face Value
₹1,00,000.00
Listed
Yes
Allotment Mode
N/A
Mode OF Issue
private placement
Settlement Date
Jul 31, 2026
Coupon Type
fixed
Call Date
N/A
Put Date
N/A
Tier
N/A
Perpetual
No
Issue Date
15 Jun 2026
Risk Factor
Tax Type
Taxable
Tax Free
Mode of Issue
Public
Private
Seniority
Non-Senior
Senior
Security
Unsecured
Secured
Issue Managers
Current MD/CEO
Bhupinder Singh
Debenture Trustee
Catalyst Trusteeship Limited
Credit Rating
Cash Flow
Investment Amount
₹5,07,174.66
Settlement Date
Payment Term
quarterly
Units
5
Repayment Schedule
Download
Date
Interest (8.80%)
Principal
Sep 14, 2026
₹10,849.30
-
Dec 14, 2026
₹10,969.85
-
Mar 15, 2027
₹10,969.85
-
Jun 14, 2027
₹10,969.85
-
Sep 13, 2027
₹10,969.85
-
Dec 13, 2027
₹10,969.85
-
Mar 13, 2028
₹10,969.85
-
Jun 12, 2028
₹10,969.85
₹5,00,000.00
Net Returns
₹87,638.25
₹5,00,000.00
Documents
Start investing in Bonds
Debt Quality
Security
This bond is Secured
Seniority
In case of default, the bond holders will be considered 'Senior' for payment
Listed
It got listed on exchange on Jun 17, 2026
Issuer
Incred Financial Services Limited
Issuer Overview
InCred Financial Services Ltd ('IFSL') is a non-deposit taking, non-banking financial company headquartered in Mumbai. It was incorporated as Multiflow Financial Services Pvt. Ltd. on 3rd Feb'95 as a private company under the Companies Act, 1956. It changed its name to KKR India Financial Services Pvt. Ltd as on 13th Aug'10 & later on it was converted from Pvt. to public company on 24th Jul'19 and consequently name of the Company was changed to KKR India Financial Services Limited. Pursuant to Composite Scheme of Amalgamation and Arrangement effective from April 01, 2022 the name was changed to InCred Financial Services Limited('IFSL').
IFSL caters to lower middle class to middle class Indian households for their personal finance needs like education loans, personal loans. Correspondingly, it also offers secured and unsecured business loans to small businesses, secured loan to K12 Indian schools for their expansion plans, supply chain financing, lending to profitable financial Institutions and micro finance companies and escrow backed lending through its SME vertical. As of 30th Sep’22, it had 32 branches and 925 employees spread across 9 states in India.
Issuer Highlights
- Experienced Board and management Team: Being a professionally managed company the senior management team has an established track record in the financial services industry with diverse experience in various financial services and functions related to the business. The knowledge and experience of the senior and mid-level management team members provides a significant competitive advantage as they seek to grow the business and expand to new geographies. At present, IFSL has 8 Directors on the Board, out of which three are Independent Directors, Bhupinder Singh is the Whole-time Director and CEO, Vivek Bansal is Whole-time Director and CFO and three Directors are Non-Executive Directors.
- Diversified credit profile, strong credit evaluation and risk management systems: IFSL has diversified its credit risk and ensured that no individual credit product contributes a large portion to the overall credit book. IFSL believes that this mitigates the risk of concentration to any particular product or sector and helps to manage the risk exposure in a more effective manner. The company also believes that the scale of retail credit portfolio imparts stability to the credit book. Each of the key business processes is regularly monitored by the respective business or operations head.
Industry
Financing
Year Founded
2017
Sector
NBFC
Ownership
N/A
Head Office
Mumbai
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Investment Calculator
5 units
Invested Amount
₹5,07,174.66
Earned Interest
₹87,638.25
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