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.

Nirmal Bang Financial Services Private Limited

INE681R08141· Listed on BSE

10.86%

Yield

Tenure

0Y 3M 25D

Maturity Date

09 Jun 2027

Coupon Frequency

Quarterly

Face Value

₹1,00,000

Nature

Unsecured

Coupon Rate

10.25%

About the Issuer

Nirmal Bang Group, established in 1994, offers a broad suite of financial services encompassing equity and commodity broking, IPO financing, mutual fund distribution, research, margin funding, and loans against shares. It is a registered member of the NSE and BSE, and a depository participant with NSDL and CDSL. The group is led by experienced promoters Mr. Kishore Bang and Mr. Dilip Bang, who have been active in financial markets for decades and remain closely involved in both strategic decisions and day-to-day operations. Its senior management team, many with long tenures at the firm, brings deep industry knowledge and market insight. Core offerings span stockbroking, commodity trading, and investment services, alongside portfolio management, margin trading facilities, and distribution of financial products such as mutual funds and insurance — helping clients diversify their portfolios. The group has also introduced various digital platforms and tools to enhance the trading and investment experience. Risk management is structured around client trading limits and real-time exposure monitoring, supported by financial discipline and a measured approach to borrowing. Over time, the group has focused on expanding its service offerings, improving operational efficiency, and enhancing the overall customer experience.

Coupon ladder

Payment schedule of interest and principal

Mar '26Coupon

₹2,527

Sep '26Coupon

₹2,584

Dec '26Coupon

₹2,555

Jan '27Coupon + Principal

₹1,00,871

Bond Trading History

Trading history isn’t available for this instrument yet.

Data as of 16-Sep-2026

How to invest in this bond

Nirmal Bang Financial Services 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.INE681R08141If that does not work, try its BSE scrip code:BSE977356
  2. Enter the quantity required.
  3. Enter following Price:₹1,00,142.18This is the Price at which you will earn Fixed Returns (Yield) of 10.86% 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.