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 Shares and Finance Limited

INE138I08091· Listed on BSE

11.17%

Yield

Tenure

0Y 3M 3D

Maturity Date

18 Dec 2026

Coupon Frequency

On Maturity

Face Value

₹1,00,000

Nature

Unsecured

Coupon Rate

0.00%

About the Issuer

MSFL, established in 1992 and headquartered in Rajkot, Gujarat, is part of the Marwadi Group and has been operating in the financial services sector for many years, with a primary focus on equity broking. The company became a public limited company in 2006 and has since built a solid presence in the industry. MSFL offers a wide range of financial services, including stock broking, commodity trading, and internet-based trading, along with mutual fund distribution, IPOs, and merchant banking, enabling it to cater to both retail and institutional clients. The company is led by experienced promoters, Mr. Ketan H Marwadi, Mr. Deven H Marwadi, and Mr. Sandip H Marwadi, whose decades of experience in the capital markets have helped MSFL build strong client relationships and a solid business reputation. MSFL benefits from its long track record, extensive client base, and wide operational network, and has maintained healthy profitability and capitalisation on the back of growing trading volumes and a solid financial foundation.

Coupon ladder

Payment schedule of interest and principal

Dec '26Principal

₹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 Shares and Finance 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.INE138I08091If that does not work, try its BSE scrip code:BSE976248
  2. Enter the quantity required.
  3. Enter following Price:₹1,19,800.40This 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.