This bond is no longer available. It has matured, sold out, or been delisted from the platforms we track, last seen on 28 Aug 2026. The details below are kept as a record of the issue. Compare bonds available now →
Progfin
Progfin is a corporate bond issued by a company to raise debt from investors, was last listed at a yield to maturity (YTM) of 10.5%.
Data as of 28 Aug 2026
How this yield compares
About this bond
Progfin is a corporate bond issued by a company to raise debt from investors, currently offering a yield to maturity (YTM) of 10.5%. It pays a coupon of 10% and matures on 21 Apr 2027, a remaining tenure of about 7 mo. It is rated BBB+, a moderate credit-safety grade. WintWealth lists this bond with a minimum investment of ₹1.0L.
Its 10.5% yield is well above the market average, ranking 126th of 265 Corporate bonds we list. That lands just under the Corporate median of 10.50%. Against a tenure-matched SBI fixed deposit (6.15%), it pays roughly 4.35 points more - a large gap that only makes sense once you are comfortable with the issuer's credit. Its short 7 mo horizon locks the rate for only a few years, limiting reinvestment risk. Paired with its moderate safety (BBB+) rating, that leans toward the safety-first end. Compare it against similar bonds on RightBonds before investing.
Investors comparing this bond often also look at Progfin (INE0MYJ07138) at 11.75%, Progfin (INE0MYJ07203) at 11.5% and Progfin (INE0MYJ07195) at 11.5%.
About Progfin
Progfin Private Limited is the lending arm of the Progcap group, a wholly owned subsidiary that began operations only in October 2022. It does anchor-led supply chain finance: rather than lending to consumers, it funds dealers and distributors against their trade with a larger anchor company, across two-wheelers, agricultural inputs, white goods, FMCG and newer consumer brands. Dealer financing is about two-thirds of the book and working capital term loans the rest. The target customer is the MSME retailer in tier-2 cities and smaller towns, reached through the Progcap network of more than 31,500 active borrowers. The group has raised roughly Rs 800 crore of equity since inception, giving a net worth of Rs 739 crore and managed gearing of 1.9 times. Profit after tax was Rs 12 crore in FY25 on total income of Rs 258 crore. This is a young lender with a short track record through a full credit cycle.
Bond details
What you keep after tax
Interest on a listed corporate bond is added to your income and taxed at your slab, so the 10.5% headline is a pre-tax number. Here is the same bond seen from each slab, on ₹1,00,000 held for the remaining 7 mo.
| Your tax slab | Post-tax yield | ₹1,00,000 becomes |
|---|---|---|
| No tax (income under the exemption limit) | 10.50% | ₹1,06,247 |
| 5% slab | 9.97% | ₹1,05,941 |
| 20% slab | 8.40% | ₹1,05,017 |
| 30% slab | 7.35% | ₹1,04,399 |
At a 10% coupon, ₹1,00,000 of face value pays about ₹10,000 of interest a year, under the ₹10,000 Section 193 threshold, so no TDS is withheld.
Slab rates only - surcharge and cess are not included, and the figures assume you hold to maturity. Sold on the exchange after 12 months instead, the gain is taxed as long-term capital gains at 12.5%. Not tax advice.
Against a fixed deposit, in rupees
Same ₹1,00,000, same 0.6 years, one in this bond and one in a tenure-matched SBI fixed deposit at 6.15%.
Bond figure compounds the yield annually; the FD compounds quarterly, as a cumulative bank FD does. Both are pre-tax and assume the bond is held to maturity and the issuer pays in full - the BBB+ credit risk is the reason for the gap.
When you get paid
Interest lands every month, with about 8 payments still to come before 21 Apr 2027, each at the 10% coupon rate.
Payment months come from the issuer's schedule. Exact dates within the month, and the amount per payment, depend on the face value of the units you buy - check the term sheet on WintWealth before investing.