Address Maker Property Developers Private Limited
INACTIVE
ISIN: INE0JUN07019
Issuer Details
Issuer Name
ADDRESS MAKER PROPERTY DEVEL...
Type of Issuer
Non PSU
Sector
Realty
Coupon Rate
18.5%
Industry
Realty
Issuer nature
Other
Corporate Identity Number (CIN)
U70109KA2019PTC124143
Name of the Lead Manager
-
Registrar
Integrated Enterprises (Indi...
Name of Debenture Trustee
IDBI Trusteeship Services Li...
Instrument Details
Instrument name as on NSDL
18.50% IRR SECURED UNRATED U...
Face Value (in ₹)
100000
Total Issue size( in ₹ Cr.)
16.25
Category of Instrument
PLAIN VANILLA DEBENTURES
Allotment Date
01-06-2024
Redemption Date
03-06-2025
Whether Secured or Unsecured
Secured
Put Option Date
-
Call Option Date
-
Seniority in Repayment
Senior
Security Measures
Asset Coverage
Principal + Interest
Asset Percentage
100%
Details of Asset Cover
Corporate guarantee of Address Maker Real Estate Pvt. Ltd. (which currently owns 100% stake in Address Maker Property Developer)
Asset Type
Details of the security
Immovable Assets
First ranking exclusive charge by way of creation of mortgage on 11.5 acre land situated at Tavarakere and Goravehalli Village, Nandagudi Hobli, Hoskote Taluk, Bengaluru Rural District. The developer has the right to change the security in the NCD tenure by giving 7 day notice to the trustee of the debenture holder keeping the security cover of at least 1.75x of the NCD investment at INR 3.0 cr per acre valuation.
Intangible Assets
Corporate guarantee of Address Maker Real Estate Pvt. Ltd. (which currently owns 100% stake in Address Maker Property Developer)
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About Address Maker Property Developers Private Limited bond with ISIN: INE0JUN07019
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 INE0JUN07019, represents a significant financial instrument. Issued by ADDRESS MAKER PROPERTY DEVELOPERS PRIVATE LIMITED, it comes with the following description: "18.50% IRR SECURED UNRATED UNLISTED REDEEMABLE NON-CONVERTIBLE DEBENTURES LETTER OF ALLOTMENT DATE OF MATURITY 03/06/2025.". Although the bond is currently marked as inactive, its structure and historical context provide valuable insights into the world of debentures and non-convertible securities. The issuer, ADDRESS MAKER PROPERTY DEVELOPERS 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) U70109KA2019PTC124143 further bolster its credibility. With a coupon rate of 18.5, this instrument has been meticulously managed with the assistance of Integrated Enterprises (India) Ltd., Bangalore and under the oversight of IDBI Trusteeship Services Limited, ensuring a strong operational framework. Examining the technical specifications, the bond’s face value is 100000 with an issue size of 16.25. It was allotted on 6/1/2024 and is scheduled for redemption on 6/3/2025. 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: Corporate guarantee of Address Maker Real Estate Pvt. Ltd. (which currently owns 100% stake in Address Maker Property Developer) – 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 INE005X08018 having a coupon rate of 9% and the bond with ISIN INE002Z08077 having a coupon rate of N/A and the bond with ISIN INE0NO807016 having a coupon rate of 16% and the bond with ISIN INE003S07247 having a coupon rate of 9.3%. 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.