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Asirvad Micro Finance Limited — Bonds & AA- (CRISIL) Rating

NBFC · Financial Services

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Methodology v1.0 Download Report (PDF) Watch
Agency Rating
AA- (CRISIL)
Most common current rating on senior bonds
14 of 14 rated · CRISIL, 30 Sep 2026
Total Debt Outstanding
₹1,503 Cr
Across 19 instruments
Active Bonds
19
First Issue
26 Mar 2021
Latest Issue
24 Sep 2026
Maturity Range
2027 - 2033
Observation
19 active bonds tracked from this issuer.
View details →
Coverage: High Data Quality: High Sources: NSE, BSE, SEBI, rating agencies
Issuer health card Nothing flagged on record
  • Current ratings CRISIL AA-, CARE AA-
  • Rating range All current ratings are AA- (CARE 31 Jul 2026, CRISIL 30 Sep 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  • Rating withdrawn, 12 months No withdrawal of this issuer's rating in 12 months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 30 Sep 2026
  • Payment record No payment disclosures since 17 Jul 2026
  • Defaults on record No bond marked defaulted
  • Traded in the last 30 days 5 of 19 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names this issuer, not pools or trusts it originated; a withdrawal is flagged only when the issuer's rating itself is withdrawn, not a single facility.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 Asirvad Micro Finance 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
26 Mar 2021
Start of this issuer's debt program timeline
  • 19 active bonds tracked from this issuer.
  • 4 of 19 tracked bonds with a stated security status are secured. (based on 19 bonds with a disclosed security status)
  • Most recent rating action: update by CRISIL on 10 Sep 2026.

Asirvad Micro Finance Limited is an NBFC in the Financial Services sector. Coupon rates on outstanding bonds range from 8.55% - 13.50%, paid annually. Bonds mature between 2027 - 2033.

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
19
Tracked by RetailBonds
Amount Tracked
₹1,503 Cr
Of bonds tracked by RetailBonds — not the issuer's total outstanding debt (disclosed for 17 of 19 bonds)
Avg Coupon
10.08%
Range 8.55% - 13.50%
Avg Remaining Tenure
1.9 Yrs
Nearest maturity May 2027
Secured
21%
4 of 19 bonds with known status
Callable
0
Of 19 bonds
Avg Spread vs G-Sec
+258 bps
Credit premium, from 5 bonds with a current market yield

Maturity Profile

Active bonds maturing, by year. Bar height relative to the tallest year (9 bonds).

0 2027: 6 bonds, ₹355 Cr tracked, avg coupon 10.40% 6 bonds 2027 2028: 9 bonds, ₹698 Cr tracked, avg coupon 9.40% 9 bonds 2028 2029: 2 bonds, ₹175 Cr tracked, avg coupon 11.25% 2 bonds 2029 2030: 1 bond, ₹125 Cr tracked, avg coupon 11.25% 1 bond 2030 2033: 1 bond, ₹150 Cr tracked, avg coupon 10.75% 1 bond 2033

Security Type / Instrument Mix

  • NCD 19 bonds · 100% · ₹1,503 Cr tracked

Funding Evolution

■ Issued that year — Cumulative outstanding (tracked)
2021: ₹50 Cr issued 2021 2022: ₹205 Cr issued 2022 2023: ₹300 Cr issued 2023 2025: ₹375 Cr issued 2025 2026: ₹573 Cr issued 2026 Cumulative: ₹50 Cr Cumulative: ₹255 Cr Cumulative: ₹555 Cr Cumulative: ₹930 Cr Cumulative: ₹1,503 Cr

Based on 17 of 19 active bonds with a known issue date and issue size — the rest are excluded, not assumed zero.

03 Credit Profile
  • AA 17 bonds · 89%
  • Unrated 2 bonds · 11%
AgencyRatingOutlookBonds
CRISIL AA- Stable 10
CRISIL AA- — 3
CARE AA- Stable 1
CRISIL AA- NSDL record — 3

Recent Rating Actions

10 Sep 2026 · CRISIL
—
Update
10 Jul 2026 · CRISIL
—
Update
04 Outstanding Bonds View all bonds →
ISIN Bond Name Coupon Rating Maturity YTM Last Trade Details
INE516Q08380 Asirvad Micro Finance 13.50% May 2027 NCD 13.50% AA- (CRISIL, NSDL record 2022) 2027-05-31 7.89% 2026-11-02
INE516Q08463 Asirvad Micro Finance 8.60% Sep 2027 NCD 8.60% AA- (CRISIL) 2027-09-19 — —
INE516Q08489 Asirvad Micro Finance 8.55% Oct 2027 NCD 8.55% AA- (CRISIL) 2027-10-14 — —
IN8516Q08017 Asirvad Micro Finance 8.55% Oct 2027 NCD 8.55% — 2027-10-14 — —
INE516Q07499 Asirvad Micro Finance 9.67% Dec 2027 NCD 9.67% AA- (CARE) 2027-12-30 — —
INE516Q08372 Asirvad Micro Finance 13.50% Dec 2027 NCD 13.50% AA- (CRISIL, NSDL record 2021) 2027-12-31 — —
INE516Q07473 Asirvad Micro Finance 9.10% Mar 2028 NCD 9.10% AA- (CRISIL) 2028-03-30 10.00% 2026-11-06
INE516Q07481 Asirvad Micro Finance 9.10% Jun 2028 NCD 9.10% AA- (CRISIL) 2028-06-02 9.70% 2026-11-05
INE516Q08448 Asirvad Micro Finance 8.70% Aug 2028 NCD 8.70% AA- (CRISIL) 2028-08-12 — —
INE516Q08455 Asirvad Micro Finance 8.70% Aug 2028 NCD 8.70% AA- (CRISIL) 2028-08-29 — —
INE516Q08471 Asirvad Micro Finance 8.70% Sep 2028 NCD 8.70% AA- (CRISIL) 2028-09-19 — —
IN8516Q08025 Asirvad Micro Finance 8.70% Sep 2028 NCD 8.70% — 2028-09-19 — —
INE516Q07507 Asirvad Micro Finance 9.10% Sep 2028 NCD 9.10% AA- (CRISIL) 2028-09-24 9.61% 2026-11-06
INE516Q08398 Asirvad Micro Finance 11.25% Oct 2028 NCD 11.25% AA- (CRISIL) 2028-10-03 — —
INE516Q08406 Asirvad Micro Finance 11.25% Nov 2028 NCD 11.25% AA- (CRISIL) 2028-11-25 — —
INE516Q08414 Asirvad Micro Finance 11.25% Mar 2029 NCD 11.25% AA- (CRISIL) 2029-03-31 — —
INE516Q08422 Asirvad Micro Finance 11.25% May 2029 NCD 11.25% AA- (CRISIL, NSDL record 2023) 2029-05-16 — —
INE516Q08430 Asirvad Micro Finance 11.25% Jul 2030 NCD 11.25% AA- (CRISIL) 2030-07-07 — —
INE516Q08497 Asirvad Micro Finance 10.75% May 2033 NCD 10.75% AA- (CRISIL) 2033-05-26 10.72% 2026-11-06
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)
51
Avg. Yield (Last 30 Days)
9.83%
06 Regulatory Filings
Credit Rating Rationale
07 Methodology & Data Coverage
DatasetCountFreshness
Credit Ratings (current) 17 2026-09-30
Rating Actions History 2 2026-09-10
Secondary-Market Trades 169 2026-11-06
Reg52(4) Payment Disclosures 0 —

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

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Frequently Asked Questions
How many active bonds does Asirvad Micro Finance Limited have?

Asirvad Micro Finance Limited currently has 19 active bonds with coupons of 8.55% - 13.50%, maturities spanning 2027 - 2033.

What is Asirvad Micro Finance Limited's credit rating?

The most common current rating on Asirvad Micro Finance Limited's senior bonds is AA- (CRISIL). Ratings on file come from CARE, CRISIL.

Are Asirvad Micro Finance Limited's bonds secured?

Of the 19 bonds with a disclosed security status, 4 are secured (21%) and 15 are unsecured.

When do Asirvad Micro Finance Limited's bonds mature?

Asirvad Micro Finance Limited's active bonds mature between 2027 - 2033; the nearest matures in May 2027; the average tenure is 1.9 Yrs.

What is the average coupon on Asirvad Micro Finance Limited's bonds?

The average coupon across Asirvad Micro Finance Limited's 19 active bonds is 10.08%.

Disclaimer: This page aggregates publicly available data about Asirvad Micro Finance 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.