Aliens Developers Private Limited
ACTIVE
ISIN: INE223Y07025
Issuer Details
Issuer Name
ALIENS DEVELOPERS PRIVATE LI...
Type of Issuer
Non PSU
Sector
Construction
Coupon Rate
-
Industry
Construction
Issuer nature
Other
Corporate Identity Number (CIN)
U70102TG2006PTC049552
Name of the Lead Manager
-
Registrar
Skyline Financial Services P...
Name of Debenture Trustee
Catalyst Trusteeship Limited...
Instrument Details
Instrument name as on NSDL
SECURED RATED LISTED REDEEMA...
Face Value (in ₹)
100000
Total Issue size( in ₹ Cr.)
101.3
Category of Instrument
PLAIN VANILLA DEBENTURES
Allotment Date
27-02-2024
Redemption Date
26-08-2027
Whether Secured or Unsecured
Secured
Put Option Date
-
Call Option Date
-
Seniority in Repayment
Senior
Security Measures
Asset Coverage
Principal + Interest
Asset Percentage
170%
Details of Asset Cover
First charge by way of registered mortgage on the Mortgaged Project Land along with all the development rights floor space index FSI in respect of the Larger Project except land admeasuring 2.3 Acres proposed to be utilised for Station 0, Companys Units including all present and future constructions, structures and common areas
Asset Type
Details of the security
Book Debts / Receivables
First charge by way of hypothecation over the Receivables of the Units forming part of the Larger Project
Others, Please Specify
Corporate Guarantee from Plot Entities
Others, Please Specify
Promissory notes and post dated cheques by the Obligors and CoObligors, as applicable
Immovable Assets
First and exclusive charge by way of registered mortgage on the Mortgagor Landowner Units to the extent of 24093.8 square feet along with corresponding undivided share of land of such Landowner Units
Others, Please Specify
Personal Guarantee furnished by Sponsor 1, Sponsor 2, Sponsor 3 and Sponsor 4, in a form satisfactory to the Debenture Holders
Trust & Retention Account /Escrow Accounts
Undertaking from the Sponsors to route all sales proceeds and other cashflow from the RERA Account to the Escrow Account for Project and Hub Plots, in a form satisfactory to the Debenture Holders
Movable Asset
First charge by way of hypothecation of all current and noncurrent moveable assets whether tangible or intangible pertaining to the Larger Project including receivables bank accounts Project Documents authorisations pertaining to the Project the insurance policies pertaining to the Project and the Receivables of the Company and Escrow Accounts
Others, Please Specify
First and exclusive pledge on 100% hundred percent shareholding of the Company
Others, Please Specify
First and exclusive pledge on 100% (hundred percent) shareholding of Plot Entity 2
Immovable Assets
First charge by way of registered mortgage on the Mortgaged Project Land along with all the development rights floor space index FSI in respect of the Larger Project except land admeasuring 2.3 Acres proposed to be utilised for Station 0, Companys Units including all present and future constructions, structures and common areas
Immovable Assets
Power of attorney in favour of the Company to sell the Mortgagor Landowner Units at any time and appropriate such sale proceeds as determined by the Debenture Trustee
Immovable Assets
First charge by way of mortgage on the Hub Plots of Plot Entities
Movable Asset
First charge by way of hypothecation of Hub Plot Receivables, all current and noncurrent moveable assets of Hub Plots, present and future, including, movable plant and machinery, machinery spares, tools and accessories, furniture, fixtures and vehicles situated forming part of the Hub Plots all current assets including any receivables arising from the Hub Plots and any other rights and benefits related thereto
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About Aliens Developers Private Limited bond with ISIN: INE223Y07025
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 INE223Y07025, represents a significant financial instrument. Issued by ALIENS DEVELOPERS PRIVATE LIMITED, it comes with the following description: "SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE TRANCHE 1 DATE OF MATURITY 26/08/2027". 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, ALIENS 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) U70102TG2006PTC049552 further bolster its credibility. With a coupon rate of N/A, this instrument has been meticulously managed with the assistance of Skyline Financial Services Private Limited and under the oversight of Catalyst Trusteeship Limited (Formerly GDA Trusteeship Limited), ensuring a strong operational framework. Examining the technical specifications, the bond’s face value is 100000 with an issue size of 101.3. It was allotted on 2/27/2024 and is scheduled for redemption on 8/26/2027. 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. The bond carries a credit rating of D as provided by INDIA RATING AND RESEARCH PVT. LTD. In the market, ratings typically range from D to AAA, and a rating of D 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: First charge by way of registered mortgage on the Mortgaged Project Land along with all the development rights floor space index FSI in respect of the Larger Project except land admeasuring 2.3 Acres proposed to be utilised for Station 0, Companys Units including all present and future constructions, structures and common areas – 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. 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 INE223Y07017 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.