Fixed Alpha
BBB+

What do these ratings mean?

Credit ratings assigned by SEBI-registered agencies such as CRISIL, ICRA and CARE.

Sovereign BondsSOVEREIGN
These securities are the safest investments, backed by governments with a strong ability to meet financial obligations.
Highest SafetyAAA
Securities with this rating are considered to have the highest degree of safety regarding timely servicing of financial obligations. Such securities carry lowest credit risk.
High SafetyAA+AAAA-
Securities with this rating are considered to have high degree of safety regarding timely servicing of financial obligations. Such securities carry very low credit risk.
Adequate SafetyA+AA-
Securities with this rating are considered to have adequate degree of safety regarding timely servicing of financial obligations. Such securities carry low credit risk.
Moderate SafetyBBB+BBBBBB-
Securities with this rating are considered to have moderate degree of safety regarding timely servicing of financial obligations. Such securities carry moderate credit risk.
Moderate RiskBB+BBBB-
Securities with this rating are considered to have moderate risk of default regarding timely servicing of financial obligations.
Moderate High RiskB+BB-
Securities with this rating are considered to have high risk of default regarding timely servicing of financial obligations.
Very High RiskCCC+CCCCCC-CC+CCCC-C+CC-
Securities with this rating are considered to have very high risk of default regarding timely servicing of financial obligations.
DefaultD
Securities with this rating are in default or are expected to be in default soon.

Western Capital Advisors Private Limited

INE0A3007065· Listed on NSE

11.86%

Yield

Tenure

2Y 0M 13D

Maturity Date

01 Oct 2028

Coupon Frequency

Monthly

Face Value

₹10,000

Nature

Secured

Coupon Rate

10.75%

About the Issuer

WCAPL, based in Mumbai, was founded in 2019 with a vision to support the financial services ecosystem by providing growth capital to emerging players including NBFCs, fintechs, MFIs, and SMEs. In FY21, the company diversified into supply chain financing and Business Correspondent (BC) retail lending partnerships. In FY24, it pivoted toward secured MSME retail lending through its proprietary branch-led model, "Prabhaav Loans," scaling back supply chain financing amid shifting macroeconomic conditions. This shift also aligned with RBI's Digital Lending Guidelines, moving the company away from high-risk, high-FLDG models toward lower-risk, MSME-focused lending under retail partnerships.

Rating Rationale

Coupon ladder

Payment schedule of interest and principal

Oct '25Coupon

₹88

Nov '25Coupon

₹91

Dec '25Coupon

₹88

Jan '26Coupon

₹91

Feb '26Coupon

₹85

Mar '26Coupon

₹88

Apr '26Coupon

₹91

May '26Coupon

₹88

Jun '26Coupon

₹91

Jul '26Coupon

₹88

Aug '26Coupon

₹91

Sep '26Coupon

₹91

Oct '26Coupon

₹88

Nov '26Coupon

₹91

Dec '26Coupon

₹88

Jan '27Coupon

₹91

Feb '27Coupon

₹85

Mar '27Coupon

₹88

Apr '27Coupon

₹91

May '27Coupon

₹88

Jun '27Coupon

₹91

Jul '27Coupon

₹88

Aug '27Coupon

₹91

Sep '27Coupon

₹91

Oct '27Coupon

₹88

Nov '27Coupon

₹91

Dec '27Coupon

₹88

Jan '28Coupon

₹91

Feb '28Coupon

₹88

Mar '28Coupon

₹88

Apr '28Coupon

₹91

May '28Coupon

₹88

Jun '28Coupon

₹91

Jul '28Coupon

₹88

Aug '28Coupon

₹91

Oct '28Coupon+Principal

₹10,094

Bond Trading History

Trading history isn’t available for this instrument yet.

Data as of 21-Sep-2026

How to invest in this bond

Western Capital Advisors Private Limited

Login to your existing Equity broker (Eg. Zerodha, ICICI Direct) and purchase bonds from BSE/NSE just like equity using the following steps:

  1. Search for this specific bond. Copy its ISIN and enter in the Search bar of your broker app.INE0A3007065If that does not work, try its NSE scrip code:NSE759215
  2. Enter the quantity required.
  3. Enter following Price:₹9,879.56This is the Price at which you will earn Fixed Returns (Yield) of 11.86% if you hold the bond till maturity. If you enter a different price, then your returns will differ.
  4. Fund your wallet and place the order.
  5. Once the transaction is successful, bonds will get credited to your demat account next day (T+1) like equities.
  6. Interest and Principal will get directly deposited to your bank account linked with your Demat.