Arka Eduserve Private Limited
ACTIVE
ISIN: INE932S07114
Issuer Details
Issuer Name
ARKA EDUSERVE PRIVATE LIMITE...
Type of Issuer
Non PSU
Sector
-
Coupon Rate
16.25%
Industry
-
Issuer nature
Other
Corporate Identity Number (CIN)
U80103KA2008PTC047008
Name of the Lead Manager
-
Registrar
-
Name of Debenture Trustee
IDBI Trusteeship Services Li...
Instrument Details
Instrument name as on NSDL
16.25% SECURED UNRATED UNLIS...
Face Value (in ₹)
1000000
Total Issue size( in ₹ Cr.)
11
Category of Instrument
PLAIN VANILLA DEBENTURES
Allotment Date
01-02-2023
Redemption Date
01-02-2028
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
UDC from Mr. Chenaraj Roychand Jain for amount Not exceeding INR 9.5 Crs
Asset Type
Details of the security
Others, Please Specify
Power of Attorney in favor of Debenture Trustee to enable it to collect of title deeds of Devanhalli land of 6 Acres currently mortgaged with Xander but being acquired by KIADB for INR 9.64 Crs.
Others, Please Specify
Pari passu charge vide Escrow and Hypothecation of school cashflows charged to Xander to be created within 15 days
Others, Please Specify
Collection of aforesaid 6 Acre land title deeds from Xander within 15 days and release of mortgage by Xander.
Others, Please Specify
UDC from Mr. Chenaraj Roychand Jain for amount Not exceeding INR 9.5 Crs
Others, Please Specify
Personal Guarantee of Mr. Chenraj Roychand Jain. PG to specifically include undertaking that KIADB funds received against 6 Acre land shall be used for purpose of repayment of the Tranche 1.
Others, Please Specify
Mortgage over 32100 Sq Ft land owned by 7 and 7 Advisories LLP situated in Hoshahalli Village Bengaluru South on 100 Feet Road opposite Shoba Forest View apartments. Execution of mortgage document and deposit of title deed with supporting partner resolutions as CP. SRO Registrations ROC filing to be done within 7 days
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About Arka Eduserve Private Limited bond with ISIN: INE932S07114
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 INE932S07114, represents a significant financial instrument. Issued by ARKA EDUSERVE PRIVATE LIMITED, it comes with the following description: "16.25% SECURED UNRATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURES TRANCHE 1 DATE OF MATURITY 01/02/2028". 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, ARKA EDUSERVE 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) U80103KA2008PTC047008 further bolster its credibility. With a coupon rate of 16.25, this instrument has been meticulously managed with the assistance of N/A and under the oversight of IDBI Trusteeship Services Limited, ensuring a strong operational framework. Examining the technical specifications, the bond’s face value is 1000000 with an issue size of 11. It was allotted on 2/1/2023 and is scheduled for redemption on 2/1/2028. 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: UDC from Mr. Chenaraj Roychand Jain for amount Not exceeding INR 9.5 Crs – 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 INE932S07106 having a coupon rate of 16.25%. 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.