INE04VS07479 | 9.55% | OXYZO Financial Services Limited

9.55%

YTM

₹1,01,767.82

Minimum investment

Quarterly

Payout

24 Dec 2027

Maturity

9.83%

Coupon Rate

₹1,00,000

Face Value

Currently subscribed15 Units available

0% Sold

9.55% / -28 bpsYTM vs coupon

yield above stated coupon

100.6367 / 101.7678Clean / dirty price

Excluding / including accrued interest

About the Issuer

Oxyzo Financial Services Limited is a Gurgaon-based technology-enabled NBFC that provides secured and unsecured term loans and working capital to MSMEs for financing their core business requirements.

Debenture trustee: IDBI Trusteeship Services Limited
Issuance date: 24 Dec 2025

Key terms

Supported by robust parentage of OFB Tech Private Limited.
Healthy capitalisation with CRAR of 32.1% as on Dec 2025.
Strong liquidity with positive cumulative mismatches.
Demonstrated ability to maintain good asset quality.

Quarterly Interest PayoutPrincipal Paid at Maturity

₹1,01,767.82Principal Invested

₹12,280.78Interest earned

₹1,12,280.78Final Payout

Interest Payout Schedule

Interest payout schedule for selected units, with payout date, interest amount, and principal amount.
Payout Date	Interest (₹)	Principal (₹)
24 Dec 2026	₹2,450.77	--
24 Mar 2027	₹2,423.84	--
24 Jun 2027	₹2,477.7	--
24 Sep 2027	₹2,477.7	--
24 Dec 2027	₹2,450.77	₹1,00,000
Total	₹12,280.78	₹1,00,000

Issuer and structure highlights

Strong Parentage

Majority owned by OFB Tech, providing capital, management, and operational support.

Healthy Capitalisation

Maintains a robust CRAR of 32.1% and managed gearing of 2.2x, providing a strong buffer for growth.

Stable Asset Quality

Maintained strong asset quality with Gross Stage 3 assets at 1.0%, supported by established underwriting.

Key Risks

High Growth Pace

Rapid scale-up in operations poses risks in managing asset quality across multiple economic cycles.

Vulnerable Segment

High exposure to MSMEs which are inherently vulnerable to economic shocks.

Competition Risk

Intense competition from banks and other NBFCs targeting the same borrower segment.

Summarised from the issuer's disclosures and the rating rationale. Read the full offer document and rating rationale before investing.

CRAR at 32.1% as of Dec 2025Managed gearing of 2.2xNIM of 8.2% in 9M FY26

A+

LOW CREDIT RISKICRA A+

Rating agencyICRA

Senior Secured

Rating as of 3 Nov 2026

The Credit risk-o-meter is based on evaluation of the credit risk of the issuer and does not constitute investment advice or a recommendation to invest. Investments in debt securities are also subject to market and liquidity risks.

Rating rationale summary

The rating factors in Oxyzo's ability to grow its business while maintaining good control over asset quality, healthy earnings, and comfortable capitalisation for near-to-medium-term growth.

Summary points

Comfortable capitalisation profile
Good asset quality indicators
Healthy earnings and net interest margin

Rating history timeline

Mar 2023

Assigned long term rating

Nov 2023

Long term rating reaffirmed

Nov 2024

Long term rating reaffirmed

Sep 2025

Long term rating reaffirmed

Outlook implications

The Stable outlook reflects the expectation that Oxyzo will maintain adequate earnings while keeping its managed gearing and asset quality under control, supporting its credit profile.

Implications for investors

Investors benefit from the strong parentage of OFB Tech Private Limited, which provides financial and operational support.
The company's strong liquidity position and positive ALM mismatches reduce refinancing risks for debt investors.

Watch for: Scale up of operations, increase in leverage (gearing > 4x), and asset quality performance across economic cycles.

Rating Drivers

Strong backing from OFB Tech.

Healthy CRAR of 32.1%.

Gross stage 3 assets at 1.0%.

High exposure to MSME segment.

How this issuer compares to peers

Benchmark yield, balance-sheet strength, and risk indicators against similar issuers to make the credit case easier to validate.

Where it stands out

Strong Synergy with Parent OFB Tech

Tech-enabled NBFC MSME FinancingBenefits from OFB Tech's B2B platform, gaining access to a captive client base and proprietary data.

Invest

Units

Trade & Settlement

Settlement date

05 Nov 2026

Orders placed after 4 PM will be executed on the next business day. Weekends and exchange holidays are skipped.

Totals (For Selected Units)

Price per Unit

₹1,01,767.82

Investment amount

₹1,01,767.82

Total Interest

₹12,280.78

Total Receivable

₹1,12,280.78

Regulatory Assurance Panel

Blogs

Stay informed with the latest articles, news, and resources across finance, fixed income and investing.

OXYZO Financial Services Limited