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.

Light Microfinance Private Limited

INE366T07204· Listed on BSE

46.97%

Yield

Tenure

1Y 1M 15D

Maturity Date

31 Oct 2027

Coupon Frequency

Monthly

Face Value

₹10,000

Nature

Secured

Coupon Rate

12.00%

About the Issuer

Light Microfinance is a private limited company registered as an NBFC-MFI with the Reserve Bank of India, headquartered in Ahmedabad, Gujarat, and focused on providing microfinance products and services to rural and semi-urban populations, particularly women borrowers. The company commenced operations in 2009, founded by Deepak Amin (Managing Director) with the vision of leveraging technology to provide affordable financial solutions to underserved communities. Rakesh Kumar, Co-founder and CEO, brings a strong background in microfinance and business expansion, while Aviral Saini, Co-founder and CFO, brings expertise in technology, fundraising, and financial planning. The company currently operates across multiple states with a growing presence in various districts, expanding its outreach and financial inclusion initiatives, primarily offering microfinance loans to low-income households with an emphasis on women entrepreneurs. Its lending solutions support income-generating activities such as small businesses and dairy farming, and the extensive experience of the leadership team, along with a strategic focus on portfolio diversification, contributes to the company's long-term sustainability.

Coupon ladder

Payment schedule of interest and principal

May '26Coupon

₹132

Jun '26Coupon

₹99

Jul '26Coupon

₹102

Aug '26Coupon

₹102

Sep '26Coupon

₹99

Oct '26Coupon

₹102

Nov '26Coupon

₹99

Dec '26Coupon

₹102

Jan '27Coupon

₹102

Feb '27Coupon

₹92

Mar '27Coupon

₹102

Apr '27Coupon

₹99

May '27Coupon

₹102

Jun '27Coupon

₹99

Jul '27Coupon

₹102

Aug '27Coupon+Principal

₹3,502

Sep '27Coupon+Principal

₹3,465

Oct '27Coupon+Principal

₹3,233

Bond Trading History

Trading history isn’t available for this instrument yet.

Data as of 17-Sep-2026

How to invest in this bond

Light Microfinance 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.INE366T07204If that does not work, try its BSE scrip code:BSE977729
  2. Enter the quantity required.
  3. Enter following Price:₹7,681.11This is the Price at which you will earn Fixed Returns (Yield) of 46.97% 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.