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.
The rating agency for this Bond is ACUITE.
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Akara Capital Advisors Jun '28
YTM
14.00%Tenure left
20 monthsInterest payout
MonthlyPrincipal payout
MonthlyBond details
Minimum investment₹9,966.73
Date of maturity28 Jun 2028
ISININE08XP07548
Bond typeSenior Secured
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About
Akara Capital Advisors Private Limited (ACAPL) is a Delhi-based non-banking financial company incorporated in 2016. The company operates as a wholly-owned subsidiary of Morus Technologies Pte Limited (MTPL), a Singapore-based holding company. ACAPL specializes in providing unsecured personal loans ranging from Rs. 0.01 lakhs to Rs. 5 lakhs to salaried and self-employed individuals. The company originates and disburses loans through the 'Stashfin' digital platform, which is developed and operated by its group company, EQX Analytics Private Limited (EAPL). As of March 2026, ACAPL managed an Assets Under Management (AUM) portfolio of Rs. 2,799.22 crore.;
Pros and Cons
Pros
Cons
Acuité Ratings assigned a long-term rating of ACUITE BBB+/Stable to the company's proposed Rs. 500.00 crore Non-Convertible Debentures and reaffirmed the rating on its Rs. 300.00 crore proposed bank facilities.
The business is supported by highly experienced management, with Executive Directors Mr. Tushar Aggarwal and Mrs. Shruti Aggarwal bringing over 20 years of expertise in investment banking and financial services.
The company maintains a healthy capital position with a standalone net worth of Rs. 824.89 crore and an adequate Capital Adequacy Ratio (CAR) of 21.60% as of March 31, 2026.
Parent entity MTPL has demonstrated strong capital-raising ability, securing approximately USD 99 million since inception from reputed global investors, including Tencent Cloud Europe B.V. and Uncorrelated Ventures.
The liquidity profile is adequate, featuring cash and unencumbered fixed deposits of Rs. 205.93 crore alongside projected collection inflows that comfortably cover near-term debt obligations.
Other details
Clean price₹9,942.76
Dirty price₹9,966.73
Current yield12.57%
Security cover1.15X of POS
Issue sizeNA
Original bond tenure21 months
TrusteeCatalyst Trusteeship Limited (Formerly GDA Trusteeship Limited)
Mode of issueNCD
Listed onNSE
Listing date28 Sep 2026
Coupon rate12.50%
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