Ambit Finvest Private Limited
ACTIVE
ISIN: INE985V07066
Issuer Details
Issuer Name
AMBIT FINVEST PRIVATE LIMITE...
Type of Issuer
Non PSU
Sector
Financial Services
Coupon Rate
9.5%
Industry
Finance
Issuer nature
Other
Corporate Identity Number (CIN)
U65999MH2006PTC163257
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
9.5% SECURED RATED LISTED RE...
Face Value (in ₹)
100000
Total Issue size( in ₹ Cr.)
36.15
Category of Instrument
PLAIN VANILLA DEBENTURES
Allotment Date
16-05-2023
Redemption Date
15-05-2026
Whether Secured or Unsecured
Secured
Put Option Date
-
Call Option Date
-
Seniority in Repayment
Senior
Security Measures
Asset Coverage
Principal + Interest
Asset Percentage
110%
Details of Asset Cover
hypothecation over specific identified receivables, present and future (as set out more particularly in the Deed of Hypothecation), representing amounts due from the various borrowers of the Company at all times to the extent equal to an amount aggregating to the total outstanding in relation to the Issue such that the value of security shall be equal to 1.10 times
Asset Type
Details of the security
Book Debts / Receivables
hypothecation over specific identified receivables, present and future (as set out more particularly in the Deed of Hypothecation), representing amounts due from the various borrowers of the Company at all times to the extent equal to an amount aggregating to the total outstanding in relation to the Issue such that the value of security shall be equal to 1.10 times
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About Ambit Finvest Private Limited bond with ISIN: INE985V07066
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 INE985V07066, represents a significant financial instrument. Issued by AMBIT FINVEST PRIVATE LIMITED, it comes with the following description: "9.5% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES DATE OF MATURITY 15/05/2026". 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, AMBIT FINVEST 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) U65999MH2006PTC163257 further bolster its credibility. With a coupon rate of 9.5, 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 36.15. It was allotted on 5/16/2023 and is scheduled for redemption on 5/15/2026. 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 AA- as provided by Acuite Ratings And Research Limited. In the market, ratings typically range from D to AAA, and a rating of AA- 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: hypothecation over specific identified receivables, present and future (as set out more particularly in the Deed of Hypothecation), representing amounts due from the various borrowers of the Company at all times to the extent equal to an amount aggregating to the total outstanding in relation to the Issue such that the value of security shall be equal to 1.10 times – 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, Acuite Ratings And Research Limited_09-10-2024, Acuite Ratings And Research Limited_-, Acuite Ratings And Research Limited_14-11-2023, Acuite Ratings And Research Limited_03-07-2023. 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 INE985V07082 having a coupon rate of 3 month MCLR and the bond with ISIN INE985V07058 having a coupon rate of 9.5% and the bond with ISIN INE985V07090 having a coupon rate of 9.15% and the bond with ISIN INE985V08015 having a coupon rate of 11%. 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.