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  1. Home
  2. Ambattur Property De...

Ambattur Property Developers Private Limited

ACTIVE

ISIN: INE755X07010

Issuer Details

Instrument Details

Security Measures

Cash Flow Schedule

Issuer Details


Issuer Name

AMBATTUR PROPERTY DEVELOPERS...

Type of Issuer

Non PSU

Sector

-

Coupon Rate

15.45%

Industry

-

Issuer nature

Other

Corporate Identity Number (CIN)

U45202TN2005PTC058185

Name of the Lead Manager

-

Registrar

Link Intime India Private Li...

Name of Debenture Trustee

Vistra ITCL (India) Limited

Instrument Details


Instrument name as on NSDL

15.45% SECURED UNRATED UNLIS...

Face Value (in ₹)

100000

Total Issue size( in ₹ Cr.)

175

Category of Instrument

PLAIN VANILLA DEBENTURES

Allotment Date

31-03-2023

Redemption Date

30-03-2028

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

First and exclusive charge by way of simple mortgage over the entire right title and interest of the Company in respect of land admeasuring 10.25 acres situated at at Karapakkam village, Sholinganallur Taluk, Chennai District Project Land and the structures constructed to be constructed thereon without possession of the land or super structure and enforceable without the intervention of court with possession of original Development Title Documents

Sr No.

Asset Type

Details of the security

1

Immovable Assets

First and exclusive charge by way of simple mortgage over the entire right title and interest of the Company in respect of land admeasuring 10.25 acres situated at at Karapakkam village, Sholinganallur Taluk, Chennai District Project Land and the structures constructed to be constructed thereon without possession of the land or super structure and enforceable without the intervention of court with possession of original Development Title Documents

2

Others, Please Specify

First ranking sole and exclusive charge by way of hypothecation over all the right, title and interest of the Company and Alliance Elite Homes Private Limited in respect of the unsecured loans provided by the Company and Alliance Elite Homes Private Limited to third parties

3

Others, Please Specify

Pledge of 100% shares of Ambattur Property Developers Private Limited and Alliance Elite Homes pvt Ltd

4

Others, Please Specify

Corporate Guarantees of AIPPL and APDPL and Demand Promissory Notes and Letter of Continuity from AIPPL, APDPL, Alliance Elite Homes Pvt Ltd, Suneel Bommireddy and Sai Manoj Namburu, Post Dated Cheques and other cheques as may be required in respect of such redemption of the debentures proposed to be issued

5

Others, Please Specify

Personal Guarantees of Mr. Suneel Bommireddy and Mr. Sia Manoj Namburu

6

Book Debts / Receivables

First ranking exclusive charge by way of hypothecation over the receivables, proceeds, cash flows received to be received and/or accrued accruing to the Company in respect of the project to be developed on the Project Land together with all and any interest accruing in respect thereof escrow accounts, construction account and other bank accounts of the Company in relation to Project

Disclaimer: Tap Bonds gathers data directly from the respective OBPP websites but does not guarantee its accuracy. We do not offer investment advice or endorse the purchase of any securities mentioned, nor do we warrant the reliability of the information collected.

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About Ambattur Property Developers Private Limited bond with ISIN: INE755X07010

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 INE755X07010, represents a significant financial instrument. Issued by AMBATTUR PROPERTY DEVELOPERS PRIVATE LIMITED, it comes with the following description: "15.45% SECURED UNRATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTRUES LETTER OF ALLOTMENT DATE OF MATURITY 30/03/2028". 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, AMBATTUR 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) U45202TN2005PTC058185 further bolster its credibility. With a coupon rate of 15.45, this instrument has been meticulously managed with the assistance of Link Intime India Private Limited,Mumbai and under the oversight of Vistra ITCL (India) Limited, ensuring a strong operational framework. Examining the technical specifications, the bond’s face value is 100000 with an issue size of 175. It was allotted on 3/31/2023 and is scheduled for redemption on 3/30/2028. 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: First and exclusive charge by way of simple mortgage over the entire right title and interest of the Company in respect of land admeasuring 10.25 acres situated at at Karapakkam village, Sholinganallur Taluk, Chennai District Project Land and the structures constructed to be constructed thereon without possession of the land or super structure and enforceable without the intervention of court with possession of original Development Title Documents – 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.

Disclaimer: The facts and information on this page are for information and awareness purposes only. No information provided here is intended towards any specific user and should not be construed as investment advice or a recommendation of any kind whatsoever. You are requested to consult with your professional investment advisor or tax advisor for specific directions on any investments in any securities including the bonds mentioned on this page before making any investment decision. Tap Bonds shall not be liable for any losses incurred by you based on an investment decision utilising the information.
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