Incred Financial Services 9.50% May 2027 NCD (INE321N07533)

CRISIL AA- Secured NCD

Incred Financial Services Limited

Secured, Rated, Taxable, Redeemable NCD

Browse: AA rated bonds · bonds maturing in 2027

38 more bonds from Incred Financial Services Limited →

Current YTM

8.75%

Market YTM

Coupon Rate

9.50%

Per annum

Maturity Date

28 May 2027

0.6 Yrs to Maturity

Interest Payment

Quarterly

Frequency

Face Value

₹1,00,000

Per Bond

Market Position

YTM (Annual)

8.75%

Last traded 3 Nov 2026 (end of day)

10Y G-Sec Benchmark

7.19%

Reference point, not this bond's tenor

Spread over G-Sec

+183 bps

vs 0.6Y G-Sec at 6.92%

Below the median spread for similar-tenor peers

Tenure

0.6 Years

Remaining to maturity

Price vs Yield

— Price (Clean) — Yield (YTM)

18 Aug 20263 Nov 2026

Showing last 10 trades.

Price data as a table: Recent Market Prices

Cashflow Timeline

28 Nov 2026

Interest Payment

₹2,375.00 / Bond

₹2,137.50 net of 10% TDS (est.)

28 Feb 2027

Interest Payment

₹2,375.00 / Bond

₹2,137.50 net of 10% TDS (est.)

28 May 2027

Final coupon + principal

₹1,02,375.00 / Bond

₹2,375.00 coupon + ₹1,00,000 face value

3 coupons remaining, the last paid with principal at maturity · per ₹1,00,000 face value · projected dates

Net amounts are estimates: 10% TDS applies to a resident with PAN once interest from one issuer reaches ₹10,000 in a financial year. Below that, or with Form 15G/15H, no TDS is deducted. Not tax advice.

Bond Timeline

— Issue / Maturity | Coupon (projected) ┊ Today

Key Metrics

Coupon Rate

9.50%

YTM (Annual)

8.75%

Credit Rating

AA-

(CRISIL) · rated 30 Jun 2025, 16 months ago

Over 15 months old; see below

Remaining Tenure

0.6 Years

AA- (CRISIL): Rated 30 Jun 2025 (16 months ago) — no review in the last 15 months that our sources show; the agency may have reviewed it since.

Advanced metrics

Modified Duration

0.52 Yrs

Macaulay Duration

0.53 Yrs

Issue Size

₹450 Cr

Minimum Investment

₹1,00,000

1 bond × ₹1,00,000 face value (BSE market lot)

Market Characteristics

Modified Duration

0.52 Yrs

Price sensitivity per 1% yield move

Payment Frequency

Quarterly

Last Trade

3 Nov 2026

BSE

Trades (30 Days)

Exchange-reported sessions

Security Status

Secured

No call option

Observations

This bond is secured.
1 secondary-market trade recorded in the last 30 days.
Coupon is 0.70 percentage points below the median for tracked NCD bonds. (based on 20,403 tracked NCD bonds with a stated coupon)

Structured Overview

Data as of 7 Nov 2026

Issuer

Incred Financial Services Limited

Instrument Type

NCD

Issue Date

28 May 2025

Day Count Convention

ACT/ACT

Listed Exchange

BSE

Call / Put Option

None disclosed

Issued by Incred Financial Services Limited, Incred Financial Services 9.50% May 2027 NCD is a secured, rated NCD. It pays a 9.50% p.a. coupon, quarterly. Principal is repaid at maturity.

Rating Action History

5 actions

Agency actions on Incred Financial Services Limited and its instruments, not only this bond. Rows marked “This bond” carry this ISIN or an exchange filing that names it.

Date	Agency	Action	Rating	Outlook	Rationale
2026-10-01	CRISIL	Reaffirm	AA-	Stable	View →
2026-09-24	CRISIL	Update	—	—	View →
2026-09-24	CRISIL	Update	—	—	View →
2026-09-16	CRISIL	Update	—	—	View →
2026-07-13	CRISIL	Initial	AA-	Stable	View →

Issuer health card · ratings, payment record, defaults, trading, filings 1 item to look at →

Rating Actions on Incred Financial Services Limited

last 12 months

Agencies rate the issuer and its instruments together; an action may cover bank loans or other instruments rather than this bond. This bond marks actions that carry this ISIN or whose exchange filing names it.

Date	Agency	Action	Rating	Rationale
2026-10-01	CRISIL	Reaffirm	AA- / Stable	View →
2026-09-24	CRISIL	Update	—	View →
2026-09-16	CRISIL	Update	—	View →
2026-07-13	CRISIL	Initial	AA- / Stable	View →

Alert me about Incred Financial Services Limited An email when a rating agency acts on this issuer (including any cut to default grade D) or a payment is disclosed late or short. Free, no account needed.

Recent Market Prices

Recent BSE trades for INE321N07533: trade date, clean price, YTM and number of trades
Trade Date	Clean Price	YTM (%)	Trades
2026-11-03	100.5500	8.7500	2
2026-10-05	101.1900	7.8000	1
2026-09-28	100.6100	9.2000	3
2026-09-24	100.4200	9.1500	2
2026-09-23	100.3718	9.2200	—
2026-09-22	100.9300	8.3100	3
2026-09-18	100.6100	8.8500	2
2026-09-03	100.0596	9.7500	—
2026-08-25	100.7100	8.8000	1
2026-08-18	101.0900	8.2900	2

Data Coverage

Dataset	Records	Detail	Freshness
Credit Ratings	1	CRISIL	2025-06-30
Rating Actions History	5	—	2026-10-01
Secondary-Market Trades	10	BSE	2026-11-03
Reg52(4) Payment Disclosures	0	—	—

Documents

Entity metadata

Source: BSE
Last Updated: 7 Nov 2026

Risk warning: This page is for informational purposes only. Bond investments carry credit risk, interest rate risk, and liquidity risk. Credit ratings reflect agency opinion at a point in time. Nothing here constitutes investment advice or a recommendation. Verify all details against the issuer's offer document and the exchange. RetailBonds.in is not a SEBI-registered intermediary. See our full disclaimer.

₹1,00,550.00

YTM8.75%

Trade Date 3 Nov 2026 5d ago

SourceBSE

Accrued interest (est.)₹1,884.51

Dirty price (est.)₹1,02,434.51

View on BSE → Calculate YTM for this bond

Frequently Asked Questions

What is the coupon rate on Incred Financial Services 9.50% May 2027 NCD?

Incred Financial Services 9.50% May 2027 NCD carries a coupon of 9.50%, paid quarterly, on a face value of ₹1,00,000.

When does Incred Financial Services 9.50% May 2027 NCD mature?

Incred Financial Services 9.50% May 2027 NCD matures on 28 May 2027, 0.6 years from today.

What is Incred Financial Services 9.50% May 2027 NCD rated?

Incred Financial Services 9.50% May 2027 NCD is rated AA- by CRISIL (rating dated 30 Jun 2025).

Is Incred Financial Services 9.50% May 2027 NCD secured?

Incred Financial Services 9.50% May 2027 NCD is a secured bond.

Where does Incred Financial Services 9.50% May 2027 NCD trade?

Incred Financial Services 9.50% May 2027 NCD is listed on BSE.

What yield does Incred Financial Services 9.50% May 2027 NCD currently offer?

The last recorded trade on 3 Nov 2026 priced Incred Financial Services 9.50% May 2027 NCD at ₹1,00,550.00 per bond, implying a yield to maturity of 8.75%.

More Bonds from This Issuer

Incred Financial Services 9.84% Nov 2026 NCD

INE321N07376

A+ NSDL record, 2023

Coupon

9.84%

Maturity

10 Nov 2026

View Details

Incred Financial Services 10.30% Nov 2026 NCD

INE321N07368

A+ NSDL record, 2023

Coupon

10.30%

Maturity

10 Nov 2026

View Details

Incred Financial Services 9.50% Dec 2026 NCD

INE321N07483

AA-

Coupon

9.50%

Maturity

11 Dec 2026

View Details

Incred Financial Services 9.50% Dec 2026 NCD

INE321N07491

AA-

Coupon

9.50%

Maturity

31 Dec 2026

View Details

Compare (/) Compare Bonds

Comparable NCDs maturing near 2027

Active bonds from other issuers with maturity within 12 months of this one, listed first when they are in the same face-value band as this bond and traded in the last 30 days, then by closest coupon to 9.50%. For comparison only, not a recommendation.

Bond	Issuer	Rating	Coupon	Maturity
INE296G07234	Muthoot Capital Services Limited	A+	9.50%	2026-12-12
INE296G07291	Muthoot Capital Services Limited	A+	9.50%	2027-07-23
INE04VS07420	Oxyzo Financial Services Limited	A+	9.50%	2026-12-14
INE471X08053	Sankhya Financial Services Private Limited	—	9.50%	2027-03-22
INE471X08061	Sankhya Financial Services Private Limited	—	9.50%	2027-04-15
INE413U07392	IIFL Samasta Finance Limited	AA- NSDL record, 2025	9.50%	2027-04-22

← Back to screener