Fixed Alpha
AA

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.

Andhra Pradesh State Beverages Corporation Limited

INE0M2307081· Listed on BSE

8.35%

Yield

Tenure

3Y 8M 16D

Maturity Date

31 May 2030

Coupon Frequency

Quarterly

Face Value

₹10,00,000

Nature

Secured

Coupon Rate

9.62%

About the Issuer

Andhra Pradesh State Beverages Corporation Limited (APSBCL) came into existence in Guntur in August 2015 to handle wholesale and retail sales of alcohol and other spirits, including industrial-grade variants, as an arm of the state government's liquor trade; actual business began the following year, in May 2016. From October 2019 onward, it has held sole rights to retail liquor throughout Andhra Pradesh, making it the state's only authorized liquor distributor. A shift in this model came via G.O. No. 211 dated 30.09.2024, which transferred 3,736 retail outlets across 26 districts to private players, even as the Corporation retained direct control of 30 wholesale depots. Two legal changes have shaped its authority over welfare functions: a December 2021 amendment to the Andhra Pradesh (Regulation of Trade in Indian Made Foreign Liquor and Foreign Liquor) Act, 1993, which gave it statutory status and the power to carry out state-assigned welfare initiatives, and Ordinance No. 6 of 2024, passed in September 2024, which confirmed its ongoing mandate to implement welfare programs as directed by the GoAP. Its board comprises Mr. Srinivasarao Nallagonda, Mr. Sridhar Chamakuri, Mr. Rahul Dev Sharma, Mr. Mukesh Kumar Meena, and Mr. D Ronald Rose.

Coupon ladder

Payment schedule of interest and principal

Nov '22Coupon

₹23,984

Feb '23Coupon

₹23,721

May '23Coupon

₹24,248

Aug '23Coupon

₹24,181

Nov '23Coupon

₹23,919

Feb '24Coupon

₹23,919

May '24Coupon

₹24,181

Aug '24Coupon

₹23,984

Nov '24Coupon

₹23,984

Feb '25Coupon

₹23,984

May '25Coupon

₹23,984

Aug '25Coupon

₹23,984

Nov '25Coupon

₹23,984

Feb '26Coupon

₹23,984

May '26Coupon

₹23,984

Aug '26Coupon

₹24,775

Nov '26Coupon

₹23,984

Feb '27Coupon

₹23,193

May '27Coupon

₹24,775

Aug '27Coupon

₹24,181

Nov '27Coupon

₹23,919

Feb '28Coupon

₹23,919

May '28Coupon

₹24,181

Aug '28Coupon

₹24,248

Nov '28Coupon

₹23,984

Feb '29Coupon

₹23,721

May '29Coupon

₹24,248

Aug '29Coupon + Principal

₹2,74,248

Nov '29Coupon + Principal

₹2,67,988

Feb '30Coupon + Principal

₹2,61,860

May '30Coupon + Principal

₹2,56,062

Bond Trading History

Trading history isn’t available for this instrument yet.

Data as of 16-Sep-2026

How to invest in this bond

Andhra Pradesh State Beverages Corporation 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.INE0M2307081If that does not work, try its BSE scrip code:BSE973993
  2. Enter the quantity required.
  3. Enter following Price:₹10,47,893.99This is the Price at which you will earn Fixed Returns (Yield) of 8.35% 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.