INE0I5X07083 | 16.30% | MONEDO FINANCIAL SERVICES PRIVATE LIMITED

16.30%

YTM

₹95,038.44

Minimum investment

Monthly

Payout

23 Mar 2029

Maturity

12.00%

Coupon Rate

₹1,00,000

Face Value

Currently subscribed199 Units available

1% Sold

16.30% / +430 bpsYTM vs coupon

yield above stated coupon

94.6768 / 95.0384Clean / dirty price

Excluding / including accrued interest

About the Issuer

Monedo Financial Services Private Limited commenced operations in 2017 following the acquisition of an international financial services firm. The company primarily offers consumer loans, healthcare financing, SME, and supply chain lending solutions to anchors and their dealer networks through a branchless model.

Debenture trustee: CATALYST TRUSTEESHIP LIMITED
Issuance date: 23 Sep 2026

Key terms

Yield of 12.00% payable monthly with 1.25x security cover.
Stable asset quality with nil gross and net NPAs as of FY26.
Backed by first-loss default guarantee of up to 5%.

Monthly Interest PayoutPrincipal Paid Across Schedule

₹95,038.44Principal Invested

₹23,589.05Interest earned

₹1,23,589.05Final Payout

Interest Payout Schedule

Interest payout schedule for selected units, with payout date, interest amount, and principal amount.
Payout Date	Interest (₹)	Principal (₹)
23 Nov 2026	₹1,019.18	--
23 Dec 2026	₹986.3	--
23 Jan 2027	₹1,019.18	--
23 Feb 2027	₹1,019.18	--
23 Mar 2027	₹920.55	--
23 Apr 2027	₹1,019.18	--
23 May 2027	₹986.3	--
23 Jun 2027	₹1,019.18	--

Issuer and structure highlights

Stable Asset Quality

Prudent onboarding and short-tenure loans have resulted in nil GNPA and NNPA.

Strong Profitability

Improving operating efficiency has driven sustained positive profit after tax.

Experienced Promoters

Promoter brings over two decades of experience in retail and SME lending.

Key Risks

Concentration Risk

High exposure to top anchor accounts and geographic concentration in Karnataka and Tamil Nadu.

Moderate Funding Profile

Reliance on convertible notes and elevated cost of funds require close monitoring.

Unsecured Lending Risks

Inherent risks associated with unsecured lending and broader market stress.

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

Loans are effectively risk-priced at yields of 36%.Top 10 anchors constituted around 47% of AUM at end-FY26.

BBB-

MODERATE CREDIT RISKINDIA RATINGS BBB-

Rating agencyINDIA RATINGS

Senior Secured

Rating as of 30 Oct 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 reflects operational expansion supported by stable asset quality and profitability. It is constrained by high concentration to top anchors and an elevated cost of funds.

Summary points

Steady growth in scale of operations
Stable asset quality with nil NPAs
Improving operating efficiency drives profitability
Experienced promoters and management team

Rating history timeline

Oct 2025

Bank loan facilities rated IND BBB-/Stable

May 2026

Assigned IND BBB-/Stable for NCDs

Outlook implications

The Stable outlook reflects expectations of scaling up the franchisee and maintaining capital buffers, asset quality, and profitability alongside a more diversified funding profile.

Implications for investors

Capital infusion and internal accruals provide an adequate capital buffer over regulatory requirements.
Short-tenure loans and frequent borrower engagements enable high portfolio churn and rigorous invoice monitoring.
A first-loss default guarantee of up to 5% from partners offers a strong credit loss absorption buffer.

Watch for: Deterioration in scale, rise in delinquencies, or leverage exceeding 3.5x.

Rating Drivers

Steady growth in operations

Maintained stable asset quality

Improving operating efficiency

Exposure to top anchor accounts

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

Branchless anchor-led supply chain financing model

Fintech NBFC Supply Chain FinanceSecures a first-loss default guarantee of up to 5% from anchor partners, significantly reducing the credit loss risk.

Invest

Units

Trade & Settlement

Settlement date

03 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

₹95,038.44

Investment amount

₹95,038.44

Total Interest

₹23,589.05

Total Receivable

₹1,23,589.05

Regulatory Assurance Panel

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MONEDO FINANCIAL SERVICES PRIVATE LIMITED