Yield to Maturity (YTM)YTM defines the annual return a bond offers if held to maturity. It assumes all payouts received get reinvested at the same rate until maturity.
YTM is XIRR of bonds.
Principal is returned in principal amortizati instalments
The Principal is returned in principal amortizati instalments for this Bond, so you receive a portion of your invested amount back regularly.
As principal is returned, interest is earned on the outstanding principal.
Bond details
Minimum investment₹10,015.40
Date of maturity02 Sep 2029
ISININE06WU07080
Bond typeSenior Secured
Rating
A
What does rating mean?
Rating
The rating of an issuer company reflects its past growth and performance. The rating increases when the company consistently performs well and decreases when it is not performing well.
Categories
Low risk:
AAA, AA+, AA, AA-, A+, A, A-
Moderate risk
BBB+, BBB, BBB-, BB+, BB
High risk
BB-, B+, B, B-, C, D
The rating agency for this Bond is Acuite Ratings And Research Limited.
Calculate your returns
You invest₹00 unit
You get₹0
Interest +₹0
Payout Schedule
Maturing on 02 Sep '29 • Monthly payout
About
Laxmi India Finance Limited (LIFL), formerly known as Laxmi India Finance Private Limited, is a Jaipur-based non-deposit-taking NBFC registered with the Reserve Bank of India. Incorporated in 1996, the company commenced lending operations in April 2011 following its merger with Deepak Finance & Leasing Company. Promoted and led by Managing Director Mr. Deepak Baid along with Mrs. Aneesha Baid and Mrs. Prem Devi Baid, LIFL provides vehicle financing, MSME loans, loans against property (LAP), and unsecured personal/business loans to individuals. As of December 31, 2025, the company operates through a network of 170 branches across five states (Rajasthan, Gujarat, Madhya Pradesh, Chhattisgarh, and Uttar Pradesh) and manages an Assets Under Management (AUM) portfolio of Rs. 1,451.10 crore.;
Pros and Cons
Pros
Cons
Upgraded Credit Rating: Acuité upgraded LIFL's long-term rating to ACUITE A/Stable (from ACUITE A-/Positive) across its bank loan facilities and non-convertible debentures, reflecting a strengthened overall credit profile.
Sustained Scale and Portfolio Growth: AUM demonstrated strong momentum with a CAGR exceeding 25% over the last three financial years, reaching Rs. 1,451.10 crore as of December 31, 2025.
Established Promoter Experience: The company benefits from the extensive background of its promoters, led by MD Mr. Deepak Baid with over two decades of financial services experience and an experienced board.
Strengthened Capitalization Post-IPO: An IPO equity infusion of ~Rs. 165 crore expanded tangible net worth to Rs. 445.17 crore, lowered leverage gearing to 2.69 times, and maintained a Capital Adequacy Ratio of 28.40% as of December 31, 2025.
Diversified Funding Mix and Debt Raising Track Record: LIFL maintains a broad lender profile across public/private banks and financial institutions, raising ~Rs. 423.50 crore in fresh term loans and NCDs during 9MFY26.
Other details
Clean price₹10,001.02
Dirty price₹10,015.40
Current yield11.00%
Security cover--
Issue size30.00Cr
Original bond tenure36 months
TrusteeMitcon Trusteeship Services Limited
Mode of issueNCD
Listed onNSE
Listing date02 Sep 2026
Coupon rate10.50%
Other details
Clean priceThe bond's original price without earned interest on it.
Dirty priceThe total price you pay - bond price plus accrued interest.
Security coverThe value of assets pledged by the issuer as backup, shown as a multiple of the outstanding loan amount.
Issue sizeThe total amount of money the company is raising through this bond issue.
Original bond tenureThe total duration of the bond from issue date to maturity date.
TrusteeAn independent entity appointed to protect bondholders' interests and monitor the issuer.
Mode of issueHow the bond is offered to investors (e.g., public issue open to all investors).
Listed onStock exchanges where the bond can be bought and sold after issuance.
Listing dateThe date from which the bond became available for trading on the stock exchange.
Maturity dateThe date when the company repays the bond's principal amount.
Coupon rateThe fixed annual interest rate paid to investors on the bond's face value.
Current yieldThe annual interest you earn divided by the bond's current market price.
