Berar Finance Limited
Secured
Private Issue
Inactive
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Credit Rating
ICRA BBB
Face Value
₹36,111
YTM
12.69%
Coupon Rate
13.18%
Taxability
Taxable
Issue Size
6.50Cr
Wint Wealth curatedWint Wealth's curation for Berar Finance Limited
Backed by Marquee Investors
Berar is backed by notable investors like Amicus Capital and Maj Investment.
Long operating track record in Two-Wheeler Financing
Berar is one of the oldest two-wheeler financing NBFCs. They have tied up with more than 780 dealers and over 1,000 sub-dealers.
Diversified Funding Profile
Berar has been able to mobilise funding from a variety of banks and NBFCs.
Bond Key Highlights
Allotment Date
24 Feb 2021
Maturity Date
24 Feb 2024
Interest repayment frequency
Monthly
Issuer ownership
Non PSU
Seniority in repayment
Senior
Other ratings
CARE BBB
How to know if a bond is right for you?
Evaluate a bond using the P3L2R framework designed by experts at Wint Wealth with these factors:
Promoters/Equity Investors
Presence of institutional investor
Portfolio Quality (GNPA)
Less than 5% GNPA
Profitability
Company should have reported profit for latest financial year
Leverage
Leverage should be less than 5x
Lenders
Diversified lender base
Rating
No downgrade in rating in last 12 months
Why Wint Wealth?
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FAQs on Berar Finance Limited
What is the coupon rate on the Berar Finance Limited Bond?
The bond's coupon rate is 13.18%.
How frequently is the interest paid on Berar Finance Limited Bond?
The interest earned from this Bond is paid Monthly.
What is the credit rating of the Berar Finance Limited Bond?
The bond has been assigned a credit rating of ICRA BBB, CARE BBB which reflects the issuer's creditworthiness and the likelihood of default.
What is the ISIN number of the Berar Finance Limited Bond?
The ISIN number for Berar Finance Limited is INE998Y07071.