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.

Dvara Kshetriya Gramin Financial Services Private LTD

INE179P07621· Listed on BSE

29.77%

Yield

Tenure

2Y 4M 15D

Maturity Date

30 Jan 2029

Coupon Frequency

Monthly

Face Value

₹10,000

Nature

Secured

Coupon Rate

11.00%

About the Issuer

DHPL serves as a primary investment holding company for the promoters of UPL Limited, the flagship entity of the broader corporate group. Operating through a structured network of subsidiaries, which includes Nerka Chemicals and Uniphos Enterprises, the company consolidates and manages the promoter group's significant equity interest in UPL. The entity is ultimately owned and strategically controlled by the UPL promoter family through Timberlane Pte Limited. This corporate holding structure ensures seamless governance and allows the promoters to maintain a unified, consolidated ownership presence over their flagship enterprise. DHPL's primary operational strength lies in its robust and predictable income stream, which is driven by steady dividend distributions from UPL Limited. The fundamental stability of these cash flows is directly anchored by the flagship company's resilient market position and continually improving business profile.

Coupon ladder

Payment schedule of interest and principal

Mar '26Coupon

₹90

Apr '26Coupon

₹93

May '26Coupon

₹90

Jun '26Coupon

₹93

Jul '26Coupon

₹90

Aug '26Coupon

₹93

Sep '26Coupon

₹93

Oct '26Coupon

₹90

Nov '26Coupon

₹93

Dec '26Coupon

₹90

Jan '27Coupon

₹93

Feb '27Coupon

₹87

Mar '27Coupon

₹90

Apr '27Coupon

₹93

May '27Coupon

₹90

Jun '27Coupon

₹93

Jul '27Coupon

₹90

Aug '27Coupon

₹93

Sep '27Coupon

₹93

Oct '27Coupon

₹90

Nov '27Coupon

₹93

Dec '27Coupon

₹90

Jan '28Coupon + Principal

₹3,093

Feb '28Coupon

₹63

Mar '28Coupon

₹63

Apr '28Coupon

₹65

May '28Coupon

₹63

Jun '28Coupon

₹65

Jul '28Coupon + Principal

₹3,063

Aug '28Coupon

₹37

Sep '28Coupon

₹37

Oct '28Coupon

₹36

Nov '28Coupon

₹37

Dec '28Coupon

₹36

Jan '29Coupon + Principal

₹4,037

Bond Trading History

Trading history isn’t available for this instrument yet.

Data as of 16-Sep-2026

How to invest in this bond

Dvara Kshetriya Gramin Financial Services Private LTD

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.INE179P07621If that does not work, try its BSE scrip code:BSE977516
  2. Enter the quantity required.
  3. Enter following Price:₹7,682.24This is the Price at which you will earn Fixed Returns (Yield) of 29.77% 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.