Babbler Projects Private Limited
ACTIVE
ISIN: INE0TKU07014
Issuer Details
Issuer Name
BABBLER PROJECTS PRIVATE LIM...
Type of Issuer
Non PSU
Sector
Realty
Coupon Rate
11%
Industry
Realty
Issuer nature
Other
Corporate Identity Number (CIN)
U45400HR2008PTC080248
Name of the Lead Manager
-
Registrar
KFIN TECHNOLOGIES PRIVATE LI...
Name of Debenture Trustee
Catalyst Trusteeship Limited...
Instrument Details
Instrument name as on NSDL
11% SECURED RATED LISTED RED...
Face Value (in ₹)
100000
Total Issue size( in ₹ Cr.)
512
Category of Instrument
PLAIN VANILLA DEBENTURES
Allotment Date
15-03-2024
Redemption Date
15-03-2028
Whether Secured or Unsecured
Secured
Put Option Date
-
Call Option Date
-
Seniority in Repayment
Senior
Security Measures
Asset Coverage
Principal
Asset Percentage
100%
Details of Asset Cover
Mortgage over Gurgaon Land, project development rights, and hypothecation of project receivables
Asset Type
Details of the security
Trust & Retention Account /Escrow Accounts
Exclusive charge over escrow accounts of Pan Ban Associates Private Limited and Issuer
Movable Asset
Hundred Percent Share pledge of Pan Ban Associates Private Limited and Issuer
Others, Please Specify
Promoters Personal Guarantee from certain Promoters
Immovable Assets
Mortgage over Ludhiana plots, and hypothecation of project receivables and collections from unsold plots
Others, Please Specify
Corporate guarantee of Pan Ban Associates Private Limited and AIPL Project Private Limited
Immovable Assets
Mortgage over Gurgaon Land, project development rights, and hypothecation of project receivables
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 Babbler Projects Private Limited bond with ISIN: INE0TKU07014
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 INE0TKU07014, represents a significant financial instrument. Issued by BABBLER PROJECTS PRIVATE LIMITED, it comes with the following description: "11% SECURED RATED LISTED REDEEMABLE NON-CONVERTIBLE DEBENTURE SERIES I DATE OF MATURITY 15/03/2028.". 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, BABBLER PROJECTS 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) U45400HR2008PTC080248 further bolster its credibility. With a coupon rate of 11, this instrument has been meticulously managed with the assistance of KFIN TECHNOLOGIES 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 512. It was allotted on 3/15/2024 and is scheduled for redemption on 3/15/2028. 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. The bond carries a credit rating of BB- as provided by CARE RATINGS LIMITED. In the market, ratings typically range from D to AAA, and a rating of BB- 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: Mortgage over Gurgaon Land, project development rights, and hypothecation of project receivables – 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 CARE RATINGS LIMITED_18-04-2024. 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.