111

NFL-11.95%-25-5-26-PVT

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Overview
Analysis

1195NFL26 analysis



Key facts


Issuer
Namra Finance Ltd.
Issue date
Aug 25, 2023
Maturity date
May 25, 2026
Outstanding amount
‪400.00 M‬INR
Face value
100,000.00INR
Minimum denomination
10,000,000.00INR
Coupon
11.95% (Fixed)
Namra Finance Limited provides financial services, focusing on microfinance solutions. As a wholly owned subsidiary of Arman Financial Services Ltd, it offers collateral-free income-generating group loans and vehicle finance. The company aims to drive financial inclusion in India and has established a grievance redressal mechanism to address customer issues. Namra Finance Limited is graded 'MFI-1' by CARE Advisory Research & Training Limited, indicating its strong position in the microfinance sector.
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