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The rating agency for this Bond is India Ratings.
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Aye Finance Mar '27
₹55,545.82YTM
10.70%Tenure left
10 monthsInterest payout
MonthlyPrincipal payout
Half YearlyBonds details
Minimum investment₹55,545.82
Date of maturity31 Mar 2027
ISININE501X07646
Bond typeSecured
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About
Aye Finance (Aye) is a non-banking finance company (NBFC) that commenced operations in 2014 with the goal of serving the underpenetrated micro and small business segment. The company employs a cluster-based credit underwriting approach to lend to micro-enterprises in manufacturing, trading, dairy, and services. As of FYE24, Aye operated a network of 478 branches across 21 states, managing an Assets Under Management (AUM) of INR 44.7 billion. The company is backed by prominent private equity investors, including Elevation Capital, Lightrock Capital, and British International Investment.;
Pros and Cons
Pros
Cons
Improved capitalization following a capital raise of INR 3.1 billion in FY24, which provides headroom for further franchise scaling.
Strong backing from marquee shareholders and a founding team with over two decades of experience in retail lending.
Increasing funding diversification with a significant rise in the share of bank term loan funding to 19.9% of the total mix.
Improved profitability buffers, with the return on assets (RoA) rising to 4.1% in FY24 due to business growth and better collection efficiency.
Established IT systems and a paperless, digitized approach for monitoring cash flows and onboarding micro-enterprises.
Other details
Clean price₹55,530.43
Dirty price₹55,545.80
Current yield10.10%
Security cover1.10X of POS
Issue size2.00Cr
Original bond tenure27 months
TrusteeCatalyst Trusteeship Limited
Mode of issueNCD
Listed onNSE
Listing date31 Dec 2024
Maturity date31 Mar 2027
Coupon rate10.10%
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