Rating reflects its creditworthiness and past performance. It may change based on the company’s financial health and ability to repay.
Categories
Lowest risk
AAA
Low risk
AA+, AA, AA-
Moderate risk
A+, A, A-
High risk
BBB+, BBB, BBB-
Highest risk
BB+, BB, BB-, B, B-, C, D
YTM
13.80%
Price/unit₹9,874.95
Tenure21 months
Interest payoutMonthly
Principal payoutStructured
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 structured instalments
The Principal is returned in structured 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.
Calculate your returns
You invest₹00 qty
You get₹0
Interest +₹0
+ ₹25K
+ ₹50K
+ ₹1L
+ ₹2L
Payout Schedule
Maturing on 10 May '28 • Monthly payout
Security of your investment
₹1.00Cr
₹1.10Cr
Amount raised by BondSecurity cover
Security cover type
Senior securedSafest
Backed by company assets. If the issuer defaults, you are repaid from these assets before other lenders.
Secured
Backed by company assets, but lenders with a higher claim on the same assets (senior secured) may be repaid before you.
Unsecured
No assets pledged. You still have a legal claim on the issuer, but you are repaid after secured lenders.
Note
In worse case of issuer defaults, collateral assets are sold to repay lenders in order of their claim. This can take time, and assets may sell for less than their stated value, so you may recover only part of your money. Asset cover is not a guarantee of repayment.
About
Keertana Finserv Private Limited (Keertana) is a non-deposit taking Non-Banking Financial Company (NBFC) that was originally incorporated in February 1996 as Rajshree Tracom Pvt Ltd and received its NBFC license in 2001. The company remained dormant until it was acquired by the current promoters at the end of March 2022, following RBI approval for a change in management and control. It commenced active operations in April 2022 by taking over assets from Spandana Mutual Benefit Trust (SMBT) and Spandana Rural and Urban Development Organization (SRUDO). Promoted by Ms. Padmaja Gangireddy, the founder and former MD of Spandana Sphoorty Financial Limited, the company now primarily focuses on gold loans. As of March 2026, Keertana operates a network of 474 branches with overall assets under management (AUM) of Rs. 4,023.9 crore.;
Pros and Cons
Pros
Cons
Keertana has achieved a robust scale-up in its operations, with overall assets under management (AUM) growing by 71% to reach Rs. 4,023.9 crore as of March 2026, up from Rs. 2,348.5 crore in March 2025.
The core gold loan segment, which constitutes 94% of the AUM, demonstrates highly stable asset quality with 90+ days past due (dpd) remaining at nil over the last three years and minimal auction losses incurred in FY2026.
The company maintains an adequate capitalisation profile for its current scale, supported by regular promoter equity infusions, including Rs. 195.4 crore in FY2026 and over Rs. 643 crore cumulatively over the past four years.
The business benefits from the strong, long-standing retail lending experience of its promoter, Ms. Padmaja Gangireddy, who brings vast expertise in handling microfinance, gold loans, LAP, and MSME loans.
Keertana features an adequate liquidity position with no cumulative mismatches in its asset-liability maturity (ALM) profile, maintaining cash and cash equivalents of Rs. 270.2 crore as of March 2026 to comfortably cover its upcoming debt repayments.
Other details
Clean price₹9,874.95
Dirty price₹9,874.95
Current yield12.15%
Security cover1.10X of POS
Issue size1.00Cr
Original bond tenure27 months
TrusteeMitcon Trusteeship Services Limited
Mode of issueNCD
Listed onNSE
Listing date10 Feb 2026
Coupon rate12.00%
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.
