Agile Real Estate Private Limited
ACTIVE
ISIN: INE396O07038
Issuer Details
Issuer Name
AGILE REAL ESTATE PRIVATE LI...
Type of Issuer
Non PSU
Sector
-
Coupon Rate
6%
Industry
-
Issuer nature
-
Corporate Identity Number (CIN)
U70102MH2008PTC177239
Name of the Lead Manager
-
Registrar
Bigshare Services Pvt. Limit...
Name of Debenture Trustee
Vistra ITCL (India) Limited
Instrument Details
Instrument name as on NSDL
6% SECURED UNRATED UNLISTED ...
Face Value (in ₹)
1000000
Total Issue size( in ₹ Cr.)
55
Category of Instrument
PLAIN VANILLA DEBENTURES
Allotment Date
07-10-2024
Redemption Date
30-06-2027
Whether Secured or Unsecured
Secured
Put Option Date
-
Call Option Date
-
Seniority in Repayment
Senior
Security Measures
Asset Coverage
Principal + Interest
Asset Percentage
148%
Details of Asset Cover
Project to be developed by the Company on land parcel admeasuring approx 17 acres Plot B Project Land in Thane Mumbai comprising of a total potential saleable area of 3931049 square feet
Asset Type
Details of the security
Immovable Assets
First ranking charge by way of mortgage on identified units in project Kalpataru Avana being developed by Kalpataru Limited (KL), holding Company of the Company on a land parcel admeasuring approx. 2.3 acres (Avana Project Land) in Parel, Mumbai comprising of a total potential saleable area of 5,81,875 sq. ft. together with proportionate undivided right, title and interest in Avana Project Land along with charge on escrow accounts and receivables arising from the aforesaid sale of the Identifie
Book Debts / Receivables
First ranking charge on escrow and receivables arising from the sale of units of the projects to be developed on Plot B Project Land, Karjat Project Land, Dongargaon Land, Fursungi Land, Sewree Land, Additional Karjat Land, Additional Lonavala Land, Avana Project Land, Hillcrest Project Land, and in a manner set out in Escrow Mechanism
Immovable Assets
Project to be developed by Kalpataru Hills Residency Private Limited (Hills), a fellow subsidiary, on a land parcel admeasuring 0.52 acres situated at Carmichael Road, Mumbai together with rights, title and interest in the said project, (Hillcrest Project Land)
Immovable Assets
Project to be developed by the Company on land parcel admeasuring approx 17 acres Plot B Project Land in Thane Mumbai comprising of a total potential saleable area of 3931049 square feet
Immovable Assets
land admeasuring approx. 9.53 acres located near Karjat Project Land owned by Mr. Parag M. Munot and/or his family and/or SPVs controlled by Mr. Parag M. Munot (Additional Karjat Land) along with the development rights thereon
Others, Please Specify
Pledge over 83.33% shares of Agile Real Estate Dev Private Limited (Agile Dev), held by Kalpataru Properties Private Limited (KPPL), immediate holding company of the Company
Others, Please Specify
Cross collateralization of securities between all the aforesaid Security Providers along with their respective Corporate Guarantee and Personal Guarantee of Mr. Parag M. Munot
Immovable Assets
land admeasuring approx. 96 acres located in Fursungi, Pune (Fursungi Land) owned by Kalpataru Land Private Limited (Kalpataru Land), fellow subsidiary of the Company along with the development rights thereon
Immovable Assets
land admeasuring approx. 6 acres located in Sewree, Mumbai (Sewree Land) owned by Prime Properties Private Limited (Prime) group company of the Company, alongwith the development rights thereon
Others, Please Specify
Post Dated Cheques from the Company and the Security Providers for the entire repayment schedule
Others, Please Specify
And/or Development rights on all or any of the aforesaid land(s) (in case, where mortgage cannot be created)
Immovable Assets
Residential project to be developed by Arena Orchards Private Limited, Ambrosia Enviro Farms Private Limited, fellow subsidiaries of the Company and Arena Enviro Farms Private Limited, group company of the Company, on land parcel admeasuring approx 88.52 acres Karjat Project Land in Karjat Maharashtra
Immovable Assets
land admeasuring approx. 10.81 acres located near Dongargaon Land owned by Mr. Parag M. Munot and/or SPVs controlled directly or indirectly by Mr. Parag M. Munot (Additional Lonavala Land) along with the development rights thereon
Others, Please Specify
Demand promissory note along with a letter of continuity of the Company and the Security Providers
Immovable Assets
land admeasuring approx 75.70 acres located in Dongargaon, (Lonavala Dongargaon) Land owned by Ardour Developers Private Limited, a fellow subsidiary of the Company along with the development rights thereon
Others, Please Specify
Pledge over 100% shares of Kalpataru Hills Residency Private Limited, Arena Orchards Private Limited, Arena Enviro Farms Private Limited, Ambrosia Enviro Farms Private Limited, Ardour Developers Private Limited, Prime Properties Private Limited, and Kalpataru Land
Others, Please Specify
Such other securities as maybe required for by the Debenture Trustee
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Similar Bonds
About Agile Real Estate Private Limited bond with ISIN: INE396O07038
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 INE396O07038, represents a significant financial instrument. Issued by AGILE REAL ESTATE PRIVATE LIMITED, it comes with the following description: "6% SECURED UNRATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBNETURES SERIES III TRANCHE 1 DATE OF MATURITY 30/06/2027". 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, AGILE REAL ESTATE PRIVATE LIMITED, classified as N/A, 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) U70102MH2008PTC177239 further bolster its credibility. With a coupon rate of 6, this instrument has been meticulously managed with the assistance of Bigshare Services Pvt. Limited and under the oversight of Vistra ITCL (India) Limited, ensuring a strong operational framework. Examining the technical specifications, the bond’s face value is 1000000 with an issue size of 55. It was allotted on 10/7/2024 and is scheduled for redemption on 6/30/2027. 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: Project to be developed by the Company on land parcel admeasuring approx 17 acres Plot B Project Land in Thane Mumbai comprising of a total potential saleable area of 3931049 square feet – 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 INE396O07046 having a coupon rate of 6% and the bond with ISIN INE396O07020 having a coupon rate of 6% and the bond with ISIN INE396O07012 having a coupon rate of 6%. 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.