Fixed Alpha
A

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.

Marwadi Chandarana Intermediaries Brokers Private Limited

INE0K0Y08011· Listed on BSE

11.17%

Yield

Tenure

0Y 10M 21D

Maturity Date

05 Aug 2027

Coupon Frequency

On Maturity

Face Value

₹1,00,000

Nature

Unsecured

Coupon Rate

0.00%

About the Issuer

MCIBPL was incorporated in August 2018 as a 50:50 joint venture between the Marwadi and Chandarana families, offering a diversified business spanning proprietary trading, merchant banking, and equity broking. Proprietary trading accounts for 50% of MCIBPL's total business, and the company shares a common risk management framework with MSFL. Prior to MCIBPL's incorporation, the proprietary trading business was operated by the Chandarana family through CIBPL, and the strong synergies identified between the two led both promoter families to jointly set up MCIBPL. MCIBPL has a subsidiary, 1 Finance, a personal finance advisory entity that commenced operations in April 2023, and is presently in its investment phase, with profitability expected over the medium term.

Rating Rationale

Coupon ladder

Payment schedule of interest and principal

Aug '27Principal

₹1,00,000

Bond Trading History

Trading history isn’t available for this instrument yet.

Data as of 16-Sep-2026

How to invest in this bond

Marwadi Chandarana Intermediaries Brokers 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.INE0K0Y08011If that does not work, try its BSE scrip code:BSE976985
  2. Enter the quantity required.
  3. Enter following Price:₹1,12,126.60This is the Price at which you will earn Fixed Returns (Yield) of 11.17% 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.