Akara Capital Advisors Private Limited
INACTIVE
ISIN: INE08XP07191
Issuer Details
Issuer Name
AKARA CAPITAL ADVISORS PRIVA...
Type of Issuer
Non PSU
Sector
Financial Services
Coupon Rate
13%
Industry
Finance
Issuer nature
Other
Corporate Identity Number (CIN)
U74110DL2016PTC290970
Name of the Lead Manager
-
Registrar
Bigshare Services Pvt. Limit...
Name of Debenture Trustee
Beacon Trusteeship Ltd
Instrument Details
Instrument name as on NSDL
13% SECURED RATED LISTED RED...
Face Value (in ₹)
100000
Total Issue size( in ₹ Cr.)
5
Category of Instrument
PLAIN VANILLA DEBENTURES
Allotment Date
22-04-2024
Redemption Date
24-04-2025
Whether Secured or Unsecured
Secured
Put Option Date
-
Call Option Date
-
Seniority in Repayment
Senior
Security Measures
Asset Coverage
Principal
Asset Percentage
110%
Details of Asset Cover
The amounts outstanding under the Debentures shall be secured by a first ranking and exclusive charge of 1.10x (one point one zero times) cover over the Identified Assets
Asset Type
Details of the security
Movable Asset
The amounts outstanding under the Debentures shall be secured by a first ranking and exclusive charge of 1.10x (one point one zero times) cover over the Identified Assets
Movable Asset
The amounts outstanding under the Debentures shall be secured by a first ranking and exclusive charge of 1.10x (one point one zero times) cover over the Identified Assets
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About Akara Capital Advisors Private Limited bond with ISIN: INE08XP07191
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 INE08XP07191, represents a significant financial instrument. Issued by AKARA CAPITAL ADVISORS PRIVATE LIMITED, it comes with the following description: "13% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE DATE OF MATURITY 24/04/2025". 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, AKARA CAPITAL ADVISORS 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) U74110DL2016PTC290970 further bolster its credibility. With a coupon rate of 13, this instrument has been meticulously managed with the assistance of Bigshare Services Pvt. Limited and under the oversight of Beacon Trusteeship Ltd, ensuring a strong operational framework. Examining the technical specifications, the bond’s face value is 100000 with an issue size of 5. It was allotted on 4/22/2024 and is scheduled for redemption on 4/24/2025. 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. The bond carries a credit rating of BBB as provided by ICRA LIMITED. In the market, ratings typically range from D to AAA, and a rating of BBB is generally considered to be on the riskier end of the spectrum. 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: The amounts outstanding under the Debentures shall be secured by a first ranking and exclusive charge of 1.10x (one point one zero times) cover over the Identified Assets – 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. The bond is supported by a variety of documents including Shelf Prospectus/Information Memorandum/Offer Documents/Tranches/Series, ICRA LIMITED_09-08-2024, ICRA LIMITED_-. 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 INE08XP07092 having a coupon rate of 14% and the bond with ISIN INE08XP07241 having a coupon rate of 12.5% and the bond with ISIN INE08XP07142 having a coupon rate of 11.5% and the bond with ISIN INE08XP07100 having a coupon rate of 14%. 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.