Adarsh Ecstasy Projects Private Limited
ACTIVE
ISIN: INE0H6H07010
Issuer Details
Issuer Name
ADARSH ECSTASY PROJECTS PRIV...
Type of Issuer
Non PSU
Sector
Construction
Coupon Rate
20.75%
Industry
Construction
Issuer nature
Other
Corporate Identity Number (CIN)
U45300KA2009PTC051264
Name of the Lead Manager
-
Registrar
-
Name of Debenture Trustee
-
Instrument Details
Instrument name as on NSDL
20.75% SECURED UNRATED UNLIS...
Face Value (in ₹)
13223.463
Total Issue size( in ₹ Cr.)
89.5
Category of Instrument
PLAIN VANILLA DEBENTURES
Allotment Date
06-12-2022
Redemption Date
05-12-2027
Whether Secured or Unsecured
Secured
Put Option Date
-
Call Option Date
-
Seniority in Repayment
Senior
Security Measures
Asset Coverage
Principal + Interest
Asset Percentage
300%
Details of Asset Cover
Unconditional and irrevocable Personal Guarantees in favour of the Debenture Trustee
Asset Type
Details of the security
Others, Please Specify
Pledge of 49% (forty nine percent) shares of the Akarsha Realty Private Limited in favour of the Debenture Trustee, provided that upon release of the pledge created over 51% (fifty one percent) shares of the Akarsha Realty Private Limited in respect of non convertible debentures issued by the Shivakar Infra Private Limited and Varin Infra Projects Private Limited, pledge over 100% shares of the Akarsha Realty Private Limited shall be created in favour of the Debenture Trustee
Others, Please Specify
Pledge over 100% (one hundred percent) equity shares of Vividha Ventures Private Limited, in favour of the Debenture Trustee
Others, Please Specify
Non disposal undertaking in respect of 100% (one hundred percent) shares of the Akarsh Residence Private Limited in favour of the Debenture Trustee
Others, Please Specify
Pledge over 100% (one hundred percent) equity shares of Navaratna Infrastructure Private Limited, in favour of the Debenture Trustee
Others, Please Specify
Hypothecation over the Hypothecated Properties in favour of the Debenture Trustee, to be created as per the Hypothecation Deeds and powers of attorney thereto
Others, Please Specify
Unconditional and irrevocable Corporate Guarantees in favour of the Debenture Trustee
Others, Please Specify
Non disposal undertaking in respect of 100% (one hundred percent) partnership interest in the Adarsh Developers in favour of the Debenture Trustee
Others, Please Specify
Non disposal undertaking in respect of 100% (one hundred percent) shares of the Adarsh Nest Private Limited in favour of the Debenture Trustee
Immovable Assets
Mortgage (without possession) over the Mortgaged Property (defined below) in favour of the Debenture Trustee, as recorded under the Mortgage Documents
Others, Please Specify
pledge over 100% (one hundred percent) equity shares of Annalakshmi Land Developers Private Limited, in favour of the Debenture Trustee
Others, Please Specify
Demand Promissory Note(s) along with letters of continuity to be executed by the Obligors
Others, Please Specify
Non disposal undertaking in respect of unencumbered 74% (seventy four percent) shares of the Akarshak Realty Private Limited in favour of the Debenture Trustee
Others, Please Specify
Pledge over 100% (one hundred percent) equity shares of Navaratna Superprojects Private Limited, in favour of the Debenture Trustee
Others, Please Specify
Non disposal undertaking in respect of 100% (one hundred percent) shares of Akarsha Prime Project Private Limited, in favour of the Debenture Trustee
Others, Please Specify
Non disposal undertaking in respect of 100% (one hundred percent) shares of the Earnest Constructions Private Limited in favour of the Debenture Trustee
Others, Please Specify
Pledge of 100% (one hundred percent) shares of the Shivakar Developers Private Limited in favour of the Debenture Trustee, in favour of the Debenture Trustee
Others, Please Specify
Cheques
Immovable Assets
Irrevocable powers of attorney in a form and manner acceptable to the Debenture Trustee (including sale/ appropriation) in relation to land parcels specified under Debenture Trust Deed
Immovable Assets
Irrevocable powers of attorney in a form and manner acceptable to the Debenture Trustee (including sale/ appropriation) in relation to lands parcels of Debenture Trust Deed
Others, Please Specify
Pledge of 100% (one hundred percent) shares of the Shreshta Apartments Private Limited in favour of the Debenture Trustee, in favour of the Debenture Trustee
Others, Please Specify
Pledge of 100% (one hundred percent) shares of the Adarsh Ecstasy Projects Private Limited in favour of the Debenture Trustee, in favour of the Debenture Trustee
Others, Please Specify
Unconditional and irrevocable Personal Guarantees in favour of the Debenture Trustee
Others, Please Specify
Pledge over 100% (one hundred percent) equity shares of Abhijay Superprojects Private Limited, in favour of the Debenture Trustee
Others, Please Specify
Pledge over 100% (one hundred percent) equity shares of Akarshak Builders And Developers Private Limited, in favour of the Debenture Trustee
Others, Please Specify
Pledge over 100% (one hundred percent) equity shares of Vividha Properties Private Limited, in favour of the Debenture Trustee
Others, Please Specify
Non disposal undertaking in respect of 100% (one hundred percent) shares of the Orchids Apartments Private Limited in favour of the Debenture Trustee
Others, Please Specify
Such other security including mortgage over immovable properties as may be required by the Debenture Trustee and provided by the Obligors in favour of the Debenture Trustee
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About Adarsh Ecstasy Projects Private Limited bond with ISIN: INE0H6H07010
In the competitive landscape of fixed income securities, detailed and comprehensive information is vital for both investors and market analysts. This bond, identified by the unique ISIN INE0H6H07010, represents a significant financial instrument. Issued by ADARSH ECSTASY PROJECTS PRIVATE LIMITED, it comes with the following description: "20.75% SECURED UNRATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURE. SERIES I TRANCHE 1 DATE OF MATURITY 05/12/2027.". Although the bond is currently marked as active, its structure and historical context provide valuable insights into the world of debentures and non-convertible securities. The issuer, ADARSH ECSTASY PROJECTS PRIVATE LIMITED, classified as Non PSU, plays an essential role in the market despite some details such as sector, industry, and issuer nature not being explicitly provided. Key identifiers like the Corporate Identification Number (CIN) U45300KA2009PTC051264 further bolster its credibility. With a coupon rate of 20.75, this instrument has been meticulously managed with the assistance of N/A and under the oversight of N/A, ensuring a strong operational framework. Examining the technical specifications, the bond’s face value is 13223.463 with an issue size of 89.5. It was allotted on 12/6/2022 and is scheduled for redemption on 12/5/2027. Categorized under "PLAIN VANILLA DEBENTURES" and defined as Secured, the instrument is structured to meet specific investment objectives. Although options such as call or put are not applicable in this instance, the core attributes remain detailed and robust. A critical element in evaluating any fixed income instrument is its credit rating. No credit rating information is available for this bond. This insight helps potential investors understand that while the ratings spectrum is broad, a lower rating can indicate higher risk, prompting careful consideration before investing. The security measures add another layer of assurance. The asset cover is described as follows: Unconditional and irrevocable Personal Guarantees in favour of the Debenture Trustee – a feature that, while requiring further inquiry for complete details, underscores the issuer’s commitment to providing some level of investor protection. Furthermore, the bond is supported by several documents. There are no additional documents available for this bond. These documents serve as a reference for additional details and provide transparency to interested parties. Additionally, there are similar bonds in the market such as the bond with ISIN INE0H6H07036 having a coupon rate of NA and the bond with ISIN INE0H6H07028 having a coupon rate of 20.75% and the bond with ISIN INE0H6H07044 having a coupon rate of NA. Such comparable instruments offer a broader perspective on market positioning and allow investors to perform benchmark analysis. This detailed description is crafted to meet rigorous content standards and to offer exhaustive insights into every facet of the bond’s structure. Investors, analysts, and researchers alike can derive substantial value from this narrative, which underscores both the instrument’s inherent characteristics and its broader market positioning. Such elaborate coverage enhances investor confidence by providing a rich, comprehensive content base. Every element from issuance details to security measures and comparative insights is meticulously presented to facilitate an informed and robust market understanding.