IIFL Samasta Finance Limited, a systematically important non-deposit taking NBFC-MFI, provides innovative and affordable financial products to underserved women through the Joint Liability Group (JLG) model. It is a subsidiary of IIFL Finance Limited.
Debenture trustee
Vardhman Trusteeship Private Limited
Issuance date
27 Jul 2026
Key terms
Strong ongoing financial and managerial support from the parent company, IIFL Finance.
Adequate capitalisation with a healthy capital adequacy ratio to absorb potential risks.
Established market position with a vast branch network serving the microfinance sector.
Returns & Cashflow
Units
10
Monthly Interest PayoutPrincipal Paid at Maturity
₹98,463.6Principal Invested
₹25,143.6Interest earned
₹1,25,143.6Final Payout
Interest Payout Schedule
Interest payout schedule for selected units, with payout date, interest amount, and principal amount.
Payout Date
Interest (₹)
Principal (₹)
27 Nov 2026
₹777
--
27 Dec 2026
₹752.1
--
27 Jan 2027
₹777.1
--
27 Feb 2027
₹777.1
--
27 Mar 2027
₹701.9
--
27 Apr 2027
₹777.1
--
27 May 2027
₹752.1
--
27 Jun 2027
₹777.1
--
Sign up to view detailed payout schedule
24.92%Capital adequacy
Over 21.24 lakh active borrowersCustomer Scale
15,573Employees
Pan-India presence in 22 states with 1,614 branchesGeographic
3.28%GNPA
₹1,983.81 CrNet worth
1%NNPA
₹61.2 CrPAT
99.56%Promoter holding
Financial Trend
YoY +3.3% ↑
Sign up to view Issuer at a glance
Issuer and structure highlights
Strong Parent Support
Backed by IIFL Finance, providing capital infusion, strategic guidance, and managerial oversight.
Adequate Capitalisation
Consistent equity infusions have maintained a healthy capital adequacy ratio, supporting sustainable growth.
Established Network
Deep penetration in rural and semi-urban markets with an extensive network of over 1,600 branches.
Key Risks
Geographical Concentration
A significant portion of the loan portfolio is concentrated in a few states, exposing it to regional and political risks.
Inherent Credit Risks
Exposure to borrowers with weak credit profiles and high sensitivity to local socio-political disruptions.
Asset Quality Pressures
Elevated non-performing assets driven by industry-wide challenges, borrower indebtedness, and attrition.
Sign up to view Strengths & Risk
Summarised from the issuer's disclosures and the rating rationale. Read the full offer document and rating rationale before investing.
High parent supportStable capitalisationGeographic concentration
AA-/ StableJul 2026
Rating rationale summary
The rating factors in expected continued support from IIFL Finance and adequate capitalisation, partially offset by geographic concentration and asset quality risks inherent in microfinance.
Summary points
Strong ongoing support from parent IIFL Finance.
Adequate capitalisation and healthy CRAR.
Vulnerable asset quality and sector credit risks.
Rating history timeline
Jan 2026
Long-term rating reaffirmed with Stable outlook.
Jul 2026
Rating assigned for proposed NCD issuance.
Outlook implications
The Stable outlook reflects the expectation that the company will continue to receive financial and managerial support from IIFL Finance, maintaining adequate capitalisation and liquidity buffers.
Implications for investors
The AA-/Stable rating indicates a high degree of safety regarding timely servicing of financial obligations, offering low credit risk.
Investors benefit from the strong backing of IIFL Finance, which holds a 99.56% ownership stake and regularly injects capital.
Watch for: Changes in IIFL Finance's credit rating, asset quality trends, and geographical diversification of the portfolio.
Rating Drivers
Adequate Capital
Positive
Healthy CRAR and equity support.
Parent Support
Supportive
Strong backing from IIFL Finance.
Concentration
Negative
High geographic concentration.
Asset Quality
Monitored
Susceptibility to credit risks.
How this issuer compares to peers
Benchmark yield, balance-sheet strength, and risk indicators against similar issuers to make the credit case easier to validate.
Where it stands out
Strong parentage and robust capital adequacy.
NBFC-MFI Systemically Important MicrofinanceBacked by IIFL Finance, the company maintains healthy capital buffers to support growth and manage sector-specific risks.
Sign up to view Credit Rating Intelligence
Invest
Selected investment units: 10
Trade & Settlement
Settlement date
16 Oct 2026
Orders placed after 4 PM will be executed on the next business day. Weekends and exchange holidays are skipped.
Totals (For Selected Units)
Price per Unit
₹9,846.36
Investment amount
₹98,463.6
Total Interest
₹25,143.6
Total Receivable
₹1,25,143.6
Blogs
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Senior Secured Bond
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