INE06WU07080 | 11.00% | Laxmi India Finance Private Limited

11.00%

YTM

₹10,012.25

Minimum investment

Monthly

Payout

02 Sep 2029

Maturity

10.50%

Coupon Rate

₹10,000

Face Value

Currently subscribed200 Units available

0% Sold

11.00% / +50 bpsYTM vs coupon

yield above stated coupon

100.0074 / 100.1225Clean / dirty price

Excluding / including accrued interest

About the Issuer

Incorporated in 1996, Laxmi India Finance Private Limited (LIFPL) is a Jaipur-based non-deposit-taking NBFC. It is engaged in vehicle financing, MSME loans, and unsecured personal and business loans. It operates through a network of 135 branches across three states.

Debenture trustee: MITCON Credentia Trusteeship Services Limited
Issuance date: 02 Sep 2026

Key terms

Secured by a first ranking charge with a 1.10x security cover.
Established track record of promoters in financial services.
Adequate capitalization levels with CAR at 21.88%.

Monthly Interest PayoutPrincipal Paid Across Schedule

₹1,00,122.47Principal Invested

₹19,240.4Interest earned

₹1,19,240.4Final Payout

Interest Payout Schedule

Interest payout schedule for selected units, with payout date, interest amount, and principal amount.
Payout Date	Interest (₹)	Principal (₹)
02 Dec 2026	₹863	--
02 Jan 2027	₹891.8	--
02 Feb 2027	₹891.8	--
02 Mar 2027	₹805.5	--
02 Apr 2027	₹889.3	--
02 May 2027	₹860.7	--
02 Jun 2027	₹889.3	--
02 Jul 2027	₹860.7	--

Issuer and structure highlights

Promoter Experience

Promoters have over two decades of experience in the financial services industry, aiding scale and presence.

Capitalization

Adequate capitalization with CAR at 21.88% and regular equity infusions keeping gearing comfortable.

Funding Mix

Moderate financial risk profile with a strong and diversified lender base of private and public banks.

Key Risks

Geographic Risk

Operations are highly concentrated in Rajasthan, which accounts for 81.89% of the outstanding portfolio.

Portfolio Seasoning

Asset quality is susceptible to low-seasoned loan book risks and increased presence in newer geographies.

Asset Quality

Any significant deterioration in asset quality, given challenges in the MSME sector, impacts credit risk.

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

Strong lender profile with diverse funding mixGNPA stands at 0.72% and NNPA at 0.33% as of March 2024AUM grew to Rs. 961.37 Cr in FY24

A-

LOW CREDIT RISKACUITE A-

Rating agencyACUITE

Senior Secured

Rating as of 5 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 LIFPL's adequate capitalization, healthy resource raising ability, and comfortable asset quality, constrained by limited portfolio seasoning and geographical concentration.

Summary points

Adequate capitalization with CAR at 21.88%
Comfortable asset quality with GNPA at 0.72%
Concentration risk with 81.89% portfolio in Rajasthan

Outlook implications

The Stable outlook reflects expectations of maintained asset quality and profitability, supported by the promoters' established track record and resource raising ability over the medium term.

Implications for investors

Investors benefit from the promoters' demonstrated ability to raise funds and regular equity infusions, supporting the capital structure.
Geographical concentration in Rajasthan and exposure to the MSME sector pose asset quality risks that require continuous monitoring.

Watch for: Movement in asset quality, profitability metrics, and capitalization.

Rating Drivers

Adequate CAR at 21.88%

GNPA at 0.72%, NNPA 0.33%

Highly concentrated in Rajasthan

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

Established track record in Rajasthan

NBFC. Vehicle Finance MSME FinanceOver two decades of experience in the financial services industry with a strong network of 135 branches.

Invest

Units

Trade & Settlement

Settlement date

06 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

₹10,012.25

Investment amount

₹1,00,122.47

Total Interest

₹19,240.4

Total Receivable

₹1,19,240.4

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Laxmi India Finance Private Limited