Finstars Capital Limited

Finstars Capital Limited is an Indian company in the BFSI industry (formerly Gopalka Motor Finance Ltd) with 4 outstanding bonds (ISINs) recorded on this page. Stated coupons on its fixed-rate bonds range from 11.07% to 12.06% a year. Maturity dates run from 30 Aug 2027 to 30 Aug 2029. NSDL records all 4 whose terms it holds as secured. Latest credit ratings on record: Infomerics BB (Negative) (action dated 30 Sep 2026); Acuite BB (No Outlook) (action dated 30 Dec 2025). Verify current terms against the official documents linked on this page.

Data as of 15 Nov 2026 (snapshot 20261115-2253) · How this page is compiled

Issuer overview

Legal name
Finstars Capital Limited
Formerly
Gopalka Motor Finance Ltd
CIN
U65100WB1989PLC046283
LEI
335800XWPY9WPNDSAB02
Company status
Unlisted
Industry
BFSI
Business
Non-Banking Financial Company (NBFC)
Ownership
Non PSU
ISIN issuer code
INE08XA
Outstanding bonds (ISINs)
4 (plus 1 matured)
Stated coupons (fixed rate)
11.07% – 12.06%
Maturity dates
30 Aug 2027 – 30 Aug 2029
Secured (NSDL)
4 of 4
Combined issue size of outstanding bonds
₹55.00 crore
Traded on
BSE

Issue size is the amount each bond raised when it was issued, as recorded by NSDL. It is not the amount still outstanding today (bonds can be partly redeemed or bought back) and not the company's total debt.

Finstars Capital bonds: ISIN, coupon and maturity

4 outstanding bonds, by maturity date.

ISIN Type Coupon Interest paid Allotted Maturity Face value Issue size (₹ cr) Security Guarantee Traded on Rating (NSDL)
INE08XA07037 NCD 12.06% Yearly 30 Aug 2024 30 Aug 2027 ₹1,00,000 10.00 Secured None recorded BSE Infomerics BB 30 Sep 2026
INE08XA07029 NCD 12.06% Yearly 13 Oct 2022 13 Oct 2027 ₹10,00,000 15.00 Secured None recorded BSE Acuite BB 30 Dec 2025
INE08XA07052 NCD 11.07% Yearly 9 Dec 2025 9 Dec 2027 ₹1,00,000 15.00 Secured None recorded BSE Infomerics BB 30 Sep 2026
INE08XA07045 NCD 12.06% Yearly 30 Aug 2024 30 Aug 2029 ₹1,00,000 15.00 Secured None recorded BSE Infomerics BB 30 Sep 2026
Notes on this table
  • Outstanding means the maturity date has not passed, according to the depository record. It does not confirm that a bond has not been redeemed early, called or bought back.
  • Type, coupon, interest frequency, allotment date, issue size, security and guarantee are as recorded by NSDL India Bond Info, the depository's record of each ISIN. Search an ISIN on NSDL India Bond Info to see its full record.
  • "Secured" and "Guarantee" are NSDL's classification. What the security is, the asset cover and the terms of any guarantee or co-obligor are in the offer document and the debenture trust deed; this page does not infer them.
  • Prices and yields are not shown. They change with every trade: see BSE and NSE.
  • Terms used in this table: ISIN · Coupon rate · Yield to maturity (YTM) · Secured NCD · Unsecured NCD · Credit rating.

Finstars Capital credit rating

Latest rating by agency on the outstanding bonds (NSDL India Bond Info)
Agency Rating Outlook Latest action Action date Bonds Status
Infomerics BB Negative Downgrade 30 Sep 2026 4 Verified by NSDL · Checked 5 Nov 2026
Acuite BB No Outlook Withdrawn 30 Dec 2025 1 Verified by NSDL · Checked 5 Nov 2026
Rating history
Date Agency Rating Outlook Action
30 Sep 2026 Infomerics BB Negative Downgrade
6 Mar 2026 Infomerics BB+ Negative Reaffirm
5 Mar 2026 Infomerics BB+ Negative Reaffirm
24 Feb 2026 Infomerics BB+ Negative Downgrade
30 Dec 2025 Acuite BB No Outlook Withdrawn
1 Oct 2025 Infomerics BBB- Negative Reaffirm
7 Aug 2025 Acuite BB No Outlook Downgrade
26 Jun 2025 Infomerics BBB- Negative Reaffirm
24 Jan 2025 Infomerics BBB- Stable Reaffirm
7 Aug 2024 Acuite BB+ No Outlook Downgrade
1 Jul 2024 Infomerics BBB- Stable New
8 Aug 2023 Acuite BBB- Negative Reaffirm
8 Aug 2022 Acuite BBB- Stable New

Rating actions on the issuer's bonds as recorded by NSDL, newest first. Earlier lines are history, not the current rating.

A credit rating is the agency's opinion and can change at any time. Check the agency's website for the latest action: Acuite, Infomerics

Private placements and disclosure documents

Allotted ISIN Redemption Disclosure documents
9 Dec 2025 INE08XA07052 9 Dec 2027 Placement memorandum on BSE
30 Aug 2024 INE08XA07037 30 Aug 2027 Placement memorandum on BSE
30 Aug 2024 INE08XA07045 30 Aug 2029 Placement memorandum on BSE
13 Oct 2022 INE08XA07011 13 Oct 2025 Placement memorandum on BSE
13 Oct 2022 INE08XA07029 13 Oct 2027 Placement memorandum on BSE

From BSE's list of privately placed debt. The documents are the issuer's own; the offer document and debenture trust deed are the authoritative source for each bond's terms.

Company details

Date of incorporation
17 Feb 1989
Class
https://finstarscapital.com/
Listed / unlisted
Unlisted
Registered office
701 7th Floor, Pinnacle Business Park, Opp. Royal Orchid, Prahladnagar, Ahmedabad Ahmedabad - 380015 Gujarat
State
Gujarat
Registrar of Companies
Ahmedabad
Authorised capital
5.00 cr.
Paid-up capital
4.05 cr.
Last AGM
29 Sep 2025

Finstars Capital bonds: questions and answers

What bonds has Finstars Capital Limited issued?

Finstars Capital Limited has 4 outstanding bonds recorded on this page. By type, as described by NSDL: 4 NCDs. One further ISIN on record has passed its maturity date and is not counted as outstanding.

What are the ISINs of Finstars Capital Limited bonds?

Its 4 outstanding bonds each have their own ISIN, for example INE08XA07037, INE08XA07029, INE08XA07052. All are listed in the bond table on this page. ISINs of this issuer begin with its issuer code, INE08XA.

What coupon rates do Finstars Capital Limited bonds pay?

Stated coupons on its fixed-rate outstanding bonds range from 11.07% to 12.06% a year on face value. The bond table gives the coupon and interest frequency of each ISIN. The coupon is not the yield: the yield an investor earns depends on the price paid.

When do Finstars Capital Limited bonds mature?

Its outstanding bonds have maturity dates from 30 Aug 2027 to 30 Aug 2029. The bond table lists the maturity date of each ISIN.

What is the latest credit rating of Finstars Capital Limited bonds?

NSDL India Bond Info records Infomerics BB (Negative) (action dated 30 Sep 2026); Acuite BB (No Outlook) (action dated 30 Dec 2025) on its outstanding bonds. Checked on NSDL on 5 Nov 2026. A rating is the agency's opinion and can change at any time.

Are Finstars Capital Limited bonds secured, unsecured or guaranteed?

NSDL records all 4 outstanding bonds whose terms it holds as secured. None is recorded as guaranteed. What the security is, the asset cover and the terms of any guarantee or co-obligor are set out in the offer document and the debenture trust deed; this page does not infer them.

Is Finstars Capital Limited the same company as Gopalka Motor Finance Ltd?

Yes. Finstars Capital Limited was formerly known as Gopalka Motor Finance Ltd; bonds issued under the earlier name are obligations of the same company. Its Corporate Identification Number (CIN) is U65100WB1989PLC046283.

Where can investors find the original disclosure documents for Finstars Capital Limited bonds?

Each ISIN's record, including its terms and rating history, is on NSDL India Bond Info (search the ISIN). The offer document (shelf prospectus, tranche prospectus or general information document and key information document) and the debenture trust deed set out the full terms; listed issuers publish them on BSE or NSE. For the private placements listed on this page, each row links to the disclosure documents on BSE.

How can investors check the current market price or yield of Finstars Capital Limited bonds?

This page does not show prices or yields. Trades in these bonds are reported on BSE, which publish the price and yield of each trade, usually by the end of the trading day. Many corporate bonds trade rarely, so a recent price may not exist; an old trade is not a current price.

Sources and dates

Data as of 15 Nov 2026 (snapshot 20261115-2253). Facts on this page last changed on 11 Nov 2026. Rating dates above are the agencies' action dates, which can be much older than the data date. This page is for information only. It is not investment advice, a credit rating or a recommendation to buy, sell or hold any security. Facts are taken from the issuer's own documents and the sources linked on this page; check them with the source before investing.

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Bond Interpretation is an information resource on Indian corporate bond issuers, published by Newsinterpretation. It covers the companies behind corporate bonds and non-convertible debentures (NCDs): their outstanding bonds with ISIN-level terms, credit ratings as recorded by the depository, private placements and public NCD issues. It brings together depository (NSDL India Bond Info), exchange (BSE and NSE) and company records, and shows the source and date of each fact. The pages are compiled automatically from those records. Bond Interpretation publishes no credit ratings, opinions or recommendations to buy, sell or hold of its own.

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