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Alpha Alternatives Financial Services Private Limited — Bonds & A- (CARE) Rating

NBFC · Financial Services

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Methodology v1.0 Download Report (PDF) Watch
Agency Rating
A- (CARE)
Most common current rating on senior bonds
28 of 28 rated · CARE, 28 Oct 2026
Total Debt Outstanding
₹8,917 Cr
Across 33 instruments
Active Bonds
33
First Issue
13 Apr 2023
Latest Issue
15 Oct 2026
Maturity Range
2027 - 2034
Observation
33 active bonds tracked from this issuer.
View details →
Coverage: High Data Quality: High Sources: NSE, BSE, SEBI, rating agencies

Latest events

Last 90 days · company disclosures to the exchanges and agency announcements. Not our assessment.
  • 28 Oct 2026 New rating assigned to A- CARE
  • 15 Oct 2026 New rating assigned to A- CARE
  • 9 Oct 2026 New rating assigned to A- CARE
Issuer health card Nothing flagged on record
  • Current ratings CARE A-
  • Rating range All current ratings are A- (CARE 28 Oct 2026)
  • Rating direction, 12 months 0 upgrades, 0 downgrades
  • Watch / negative outlook None in 12 months
  • Issuer not cooperating No such actions in 12 months
  • Rating withdrawn, 12 months No withdrawal of this issuer's rating in 12 months
  • Newest agency rating Dated 28 Oct 2026
  • Payment record 29 payment disclosures since 17 Jul 2026: all on time
  • Defaults on record No bond marked defaulted
  • Traded in the last 30 days 14 of 33 active bonds had an exchange trade
  • Exchange filings, 90 days 0 filings on NSE/BSE

A checklist of published facts, not a rating or a view on credit quality. Ratings are the agencies' own; payment record covers NSE disclosures since 17 Jul 2026; "late" means paid more than 3 days after the due date (next-working-day payments are allowed). Rating range covers every current rating on the issuer's active bonds, with each agency's rating date. Rating actions count only when the agency's heading names this issuer, not pools or trusts it originated; a withdrawal is flagged only when the issuer's rating itself is withdrawn, not a single facility. Rating age uses the newest rating date on file and is flagged when older than 12 months. See methodology.

Alert me about Alpha Alternatives Financial Services Private 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.
01 Issuer Overview
Sector
Financial Services
Issuer Type
NBFC
First Tracked Bond
13 Apr 2023
Start of this issuer's debt program timeline
  • 33 active bonds tracked from this issuer.
  • 26 of 31 tracked bonds with a stated security status are secured. (based on 31 bonds with a disclosed security status)
  • Most recent rating action: initial by CARE on 28 Oct 2026.

Alpha Alternatives Financial Services Private Limited is an NBFC in the Financial Services sector. Coupon rates on outstanding bonds range from 14.00% - 21.00%, paid at maturity. Bonds mature between 2027 - 2034.

Data sourced from NSDL, BSE, NSE, and registered credit rating agencies. Verify against the issuer's offer document before transacting.

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02 Debt Profile
Outstanding Bonds
33
Tracked by RetailBonds
Amount Tracked
₹8,917 Cr
Of bonds tracked by RetailBonds — not the issuer's total outstanding debt (disclosed for 31 of 33 bonds)
Avg Coupon
17.50%
Range 14.00% - 21.00%
Avg Remaining Tenure
3.7 Yrs
Nearest maturity Apr 2027
Secured
83%
26 of 31 bonds with known status
Callable
32
Of 33 bonds

Maturity Profile

Active bonds maturing, by year. Bar height relative to the tallest year (5 bonds).

0 2027: 5 bonds, ₹1,269 Cr tracked 5 bonds 2027 2028: 4 bonds, ₹999 Cr tracked 4 bonds 2028 2029: 4 bonds, ₹1,100 Cr tracked 4 bonds 2029 2030: 5 bonds, ₹1,950 Cr tracked 5 bonds 2030 2031: 5 bonds, ₹2,150 Cr tracked 5 bonds 2031 2032: 5 bonds, ₹1,100 Cr tracked 5 bonds 2032 2033: 3 bonds, ₹222 Cr tracked, avg coupon 17.50% 3 bonds 2033 2034: 2 bonds, ₹127 Cr tracked 2 bonds 2034

Security Type / Instrument Mix

  • NCD 33 bonds · 100% · ₹8,917 Cr tracked

Funding Evolution

■ Issued that year — Cumulative outstanding (tracked)
2023: ₹422 Cr issued 2023 2024: ₹2,196 Cr issued 2024 2025: ₹2,350 Cr issued 2025 2026: ₹3,950 Cr issued 2026 Cumulative: ₹422 Cr Cumulative: ₹2,617 Cr Cumulative: ₹4,967 Cr Cumulative: ₹8,917 Cr

Based on 31 of 33 active bonds with a known issue date and issue size — the rest are excluded, not assumed zero.

03 Credit Profile
  • A 28 bonds · 85%
  • BBB 4 bonds · 12%
  • Unrated 1 bond · 3%
AgencyRatingOutlookBonds
CARE A- Stable 28
Acuité BBB- NSDL record — 4

Rating History (Trend)

AAA AA A BBB Below BBB Unrated CARE: A on 2026-10-09 CARE: A on 2026-10-15 CARE: A on 2026-10-28
Oct 26 — Oct 26 CARE

Recent Rating Actions

28 Oct 2026 · CARE
A-
Initial · Stable
15 Oct 2026 · CARE
A-
Initial · Stable
9 Oct 2026 · CARE
A-
Initial · Stable
04 Outstanding Bonds View all bonds →
ISIN Bond Name Coupon Rating Maturity YTM Last Trade Details
INE0L6807112 Alpha Alternatives Financial Services Apr 2027 NCD — A- (CARE) 2027-04-20 — 2026-10-08
INE0L6807120 Alpha Alternatives Financial Services May 2027 NCD — A- (CARE) 2027-05-14 — 2026-10-29
INE0L6807138 Alpha Alternatives Financial Services Jun 2027 NCD — A- (CARE) 2027-06-04 — 2026-10-08
INE0L6807146 Alpha Alternatives Financial Services Jul 2027 NCD — A- (CARE) 2027-07-16 — 2026-09-24
INE0L6807153 Alpha Alternatives Financial Services Aug 2027 NCD — A- (CARE) 2027-08-13 — —
INE0L6807161 Alpha Alternatives Financial Services Apr 2028 NCD — A- (CARE) 2028-04-14 — 2026-11-05
INE0L6807179 Alpha Alternatives Financial Services May 2028 NCD — A- (CARE) 2028-05-19 — 2026-11-05
INE0L6807187 Alpha Alternatives Financial Services Jun 2028 NCD — A- (CARE) 2028-06-16 — 2026-11-05
INE0L6807195 Alpha Alternatives Financial Services Jul 2028 NCD — A- (CARE) 2028-07-14 — —
INE0L6807203 Alpha Alternatives Financial Services Feb 2029 NCD — A- (CARE) 2029-02-23 — 2026-11-05
INE0L6807211 Alpha Alternatives Financial Services Jul 2029 NCD — A- (CARE) 2029-07-12 — 2026-09-24
INE0L6807229 Alpha Alternatives Financial Services Sep 2029 NCD — A- (CARE) 2029-09-04 — —
INE0L6807237 Alpha Alternatives Financial Services Nov 2029 NCD — A- (CARE) 2029-11-08 — 2026-10-08
INE0L6807245 Alpha Alternatives Financial Services Jan 2030 NCD — A- (CARE) 2030-01-22 — 2026-10-22
INE0L6807252 Alpha Alternatives Financial Services Feb 2030 NCD — A- (CARE) 2030-02-26 — 2026-10-22
INE0L6807260 Alpha Alternatives Financial Services Jul 2030 NCD — A- (CARE) 2030-07-23 — 2026-08-27
INE0L6807278 Alpha Alternatives Financial Services Sep 2030 NCD — A- (CARE) 2030-09-24 — 2026-11-05
INE0L6807286 Alpha Alternatives Financial Services Nov 2030 NCD — A- (CARE) 2030-11-26 — 2026-10-01
INE0L6807294 Alpha Alternatives Financial Services Jan 2031 NCD — A- (CARE) 2031-01-28 — 2026-09-07
INE0L6807302 Alpha Alternatives Financial Services Feb 2031 NCD — A- (CARE) 2031-02-25 — 2026-11-05
INE0L6807310 Alpha Alternatives Financial Services Jul 2031 NCD — A- (CARE) 2031-07-08 — 2026-08-20
INE0L6807328 Alpha Alternatives Financial Services Sep 2031 NCD — A- (CARE) 2031-09-09 — 2026-10-29
INE0L6807336 Alpha Alternatives Financial Services Nov 2031 NCD — A- (CARE) 2031-11-04 — 2026-10-15
INE0L6807344 Alpha Alternatives Financial Services Jan 2032 NCD — A- (CARE) 2032-01-13 — 2026-09-17
INE0L6807351 Alpha Alternatives Financial Services Feb 2032 NCD — A- (CARE) 2032-02-24 — 2026-09-03
INE0L6807369 Alpha Alternatives Financial Services Jun 2032 NCD — A- (CARE) 2032-06-22 — —
INE0L6807377 Alpha Alternatives Financial Services Aug 2032 NCD — A- (CARE) 2032-08-24 — —
INE0L6807385 Alpha Alternatives Financial Services Oct 2032 NCD — A- (CARE) 2032-10-26 — —
INE0L6808052 Alpha Alternatives Financial Services 14.00% Apr 2033 NCD 14.00% — 2033-04-12 — —
INE0L6808011 Alpha Alternatives Financial Services Apr 2033 NCD — BBB- (Acuité, NSDL record 2023) 2033-04-25 — —
INE0L6808029 Alpha Alternatives Financial Services 21.00% May 2033 NCD 21.00% BBB- (Acuité, NSDL record 2023) 2033-05-15 — —
INE0L6808037 Alpha Alternatives Financial Services Feb 2034 NCD — BBB- (Acuité, NSDL record 2023) 2034-02-24 — —
INE0L6808045 Alpha Alternatives Financial Services Apr 2034 NCD — BBB- (Acuité, NSDL record 2024) 2034-04-28 — —
Compare (/) Compare Bonds

YTM is the market yield from the latest BSE/NSE trade. It shows “—” when that trade is over 30 days old, the bond is under 30 days from maturity, it is a market-linked debenture, or the price failed our checks (hover the dash for the reason). A coupon is never shown as a yield.

05 Market Activity

Last 30 days, across all outstanding bonds from this issuer.

BSE Traded Value (Last 30 Days)
—
Number of Trades (Last 30 Days)
17
Avg. Yield (Last 30 Days)
—
06 Payment Disclosures (SEBI Reg52(4)) 20 disclosed

Interest and redemption payments as broadcast by NSE under SEBI LODR Reg 52(4)/60, across all outstanding bonds from this issuer -- actual disclosed events, not a projected schedule.

Due DateBondTypeAmount DueAmount PaidStatusFiling
2 Nov 2026 UNDERLYING INVESTMENT STRATEGY... Interest ₹4,02,35,40,00,000.00 ₹4,02,35,40,00,000.00 Paid XBRL →
2 Nov 2026 UNDERLYING INVESTMENT STRATEGY LINK... Interest ₹1,25,67,59,00,000.00 ₹1,25,67,59,00,000.00 Paid XBRL →
2 Nov 2026 UNDERLYING INVESTMENT STRAT LINKED... Interest ₹5,81,20,19,00,000.00 ₹5,81,20,19,00,000.00 Paid XBRL →
2 Nov 2026 UNDERLYING INVESTMENT STRATEGY... Redemption ₹35,40,00,00,000.00 ₹35,40,00,00,000.00 Paid XBRL →
2 Nov 2026 UNDERLYING INVESTMENT STRATEGY... Redemption ₹14,27,80,00,00,000.00 ₹14,27,80,00,00,000.00 Paid XBRL →
2 Nov 2026 UNDERLYING INVESTMENT STRATEGY LINK... Redemption ₹10,03,00,00,00,000.00 ₹10,03,00,00,00,000.00 Paid XBRL →
2 Nov 2026 UNDERLYING INVESTMENT STRAT LINKED... Redemption ₹49,08,80,00,00,000.00 ₹49,08,80,00,00,000.00 Paid XBRL →
5 Oct 2026 UNDERLYING INVESTMENT STRAT LINKED... Interest ₹1,65,83,48,00,000.00 ₹1,65,83,48,00,000.00 Paid XBRL →
5 Oct 2026 UNDERLYING INVESTMENT STRAT LINKED... Redemption ₹13,92,40,00,00,000.00 ₹13,92,40,00,00,000.00 Paid XBRL →
28 Sep 2026 UNDERLYING INVESTMENT STRATEGY LINK... Interest ₹1,00,000.00 ₹1,00,000.00 Paid XBRL →
28 Sep 2026 UNDERLYING INVESTMENT STRATEGY... Interest ₹29,00,000.00 ₹29,00,000.00 Paid XBRL →
28 Sep 2026 UNDERLYING INVESTMENT STRATEGY LINK... Interest ₹63,00,000.00 ₹63,00,000.00 Paid XBRL →
28 Sep 2026 UNDERLYING INVESTMENT STRATEGY LINK... Redemption ₹2,00,000.00 ₹2,00,000.00 Paid XBRL →
28 Sep 2026 UNDERLYING INVESTMENT STRATEGY... Redemption ₹1,99,00,000.00 ₹1,99,00,000.00 Paid XBRL →
28 Sep 2026 UNDERLYING INVESTMENT STRATEGY LINK... Redemption ₹5,00,00,000.00 ₹5,00,00,000.00 Paid XBRL →
31 Aug 2026 UNDERLYING INVESTMENT STRATEGY... Interest ₹1,48,73,78,00,000.00 ₹1,48,73,78,00,000.00 Paid XBRL →
31 Aug 2026 UNDERLYING INVESTMENT STRATEGY... Interest ₹36,03,25,00,000.00 ₹36,03,25,00,000.00 Paid XBRL →
31 Aug 2026 UNDERLYING INVESTMENT STRATEGY... Redemption ₹9,08,60,00,00,000.00 ₹9,08,60,00,00,000.00 Paid XBRL →
31 Aug 2026 UNDERLYING INVESTMENT STRATEGY... Redemption ₹2,59,60,00,00,000.00 ₹2,59,60,00,00,000.00 Paid XBRL →
3 Aug 2026 UNDERLYING INVESTMENT STRATEGY... Interest ₹25,00,000.00 ₹25,00,000.00 Paid XBRL →

Source: NSE Debt Centralised Database, per SEBI LODR Reg 52(4)/60. Coverage begins 2 Aug 2026 — history accumulates as disclosures are broadcast.

07 Regulatory Filings

No regulatory filings captured yet for this issuer.

08 Methodology & Data Coverage
DatasetCountFreshness
Credit Ratings (current) 32 2026-10-28
Rating Actions History 3 2026-10-28
Secondary-Market Trades 73 2026-11-05
Reg52(4) Payment Disclosures 20 2026-11-02

Methodology version 1.0. See full methodology for sources and limitations.

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Frequently Asked Questions
How many active bonds does Alpha Alternatives Financial Services Private Limited have?

Alpha Alternatives Financial Services Private Limited currently has 33 active bonds with coupons of 14.00% - 21.00%, maturities spanning 2027 - 2034.

What is Alpha Alternatives Financial Services Private Limited's credit rating?

The most common current rating on Alpha Alternatives Financial Services Private Limited's senior bonds is A- (CARE). Ratings on file come from CARE.

Are Alpha Alternatives Financial Services Private Limited's bonds secured?

Of the 31 bonds with a disclosed security status, 26 are secured (83%) and 5 are unsecured.

When do Alpha Alternatives Financial Services Private Limited's bonds mature?

Alpha Alternatives Financial Services Private Limited's active bonds mature between 2027 - 2034; the nearest matures in Apr 2027; the average tenure is 3.7 Yrs.

What is the average coupon on Alpha Alternatives Financial Services Private Limited's bonds?

The average coupon across Alpha Alternatives Financial Services Private Limited's 33 active bonds is 17.50%.

Disclaimer: This page aggregates publicly available data about Alpha Alternatives Financial Services Private Limited for informational purposes only. Ratings shown are the opinion of the issuing rating agency and are not buy/sell recommendations. RetailBonds.in does not issue its own ratings or investment advice. Verify all data against the issuer’s offer document before transacting.