Keertana Finserv Sep '27

Keertana Finserv Sep '27

₹9,901.26
YTM
13.60%
Tenure left
15 months
Interest payout
Monthly
Principal payout
Structured
Bond details
Minimum investment₹9,901.26
Date of maturity22 Sep 2027
ISININE0NES07329
Bond typeSenior Secured
Rating
BBB
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Maturing on 22 Sep '27 • Monthly payout
About
Keertana Finserv Limited is a non-deposit-taking Non-Banking Financial Company (NBFC) originally incorporated in 1996 and acquired by its current promoter in March 2022. The company's business model was established through the acquisition of gold loan and MSME portfolios, and it provides gold loans, joint liability group (JLG) loans, loans against property (LAP), home loans, and unsecured loans. As of December 2025, the company operates through a network of 464 branches spread across six states.;
Pros and Cons
Pros
Cons
The company has successfully scaled its franchise, achieving a significant increase in assets under management to INR 33.92 billion in 9MFY26.
Management has actively improved the portfolio mix by increasing the share of secured products, which contributed 96% to the total loan book in 9MFY26.
The business is supported by a strong track record of timely equity capital infusions from the promoter, totaling INR 6.4 billion since its inception.
The company benefits from a highly experienced promoter with over two decades of proven operational expertise in the NBFC-microfinance sector.
It maintains a well-diversified funding mix with access to capital markets and established lending relationships across six banks, five small finance banks, and 35 NBFCs.
Other details
Clean price₹9,911.12
Dirty price₹9,901.26
Current yield12.11%
Security cover1.10X of POS
Issue size1.00Cr
Original bond tenure17 months
TrusteeMitcon Trusteeship Services Limited
Mode of issueNCD
Listed onNSE
Listing date22 Apr 2026
Maturity date22 Sep 2027
Coupon rate12.00%
Documents
Rating Rationale
Information Memorandum
Annual Reports
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