Blu Smart Mobility Private Limited
ACTIVE
ISIN: INE0B7Y07092
Issuer Details
Issuer Name
BLU-SMART MOBILITY PRIVATE L...
Type of Issuer
Non PSU
Sector
Services
Coupon Rate
12%
Industry
Transport Services
Issuer nature
Other
Corporate Identity Number (CIN)
U74999GJ2018PTC104895
Name of the Lead Manager
-
Registrar
Link Intime India Private Li...
Name of Debenture Trustee
Catalyst Trusteeship Limited...
Instrument Details
Instrument name as on NSDL
12% SECURED UNRATED UNLISTED...
Face Value (in ₹)
10000
Total Issue size( in ₹ Cr.)
15
Category of Instrument
PLAIN VANILLA DEBENTURES
Allotment Date
23-08-2024
Redemption Date
23-11-2025
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
The Debentures shall be secured by way of a first ranking and pari passu charge over all current and fixed assets tangible intangible IP of the company both present and future Hypothecated Property created pursuant to the deed of hypothecation to be executed between the Company and the Debenture Trustee as described herein The Hypothecated Property shall at all times be equal to the value of the outstanding principal amount of the Debentures The issuer undertakes
Asset Type
Details of the security
Others, Please Specify
The Debentures shall be secured by way of a first ranking and pari passu charge over all current and fixed assets tangible intangible IP of the company both present and future Hypothecated Property created pursuant to the deed of hypothecation to be executed between the Company and the Debenture Trustee as described herein The Hypothecated Property shall at all times be equal to the value of the outstanding principal amount of the Debentures The issuer undertakes
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About Blu Smart Mobility Private Limited bond with ISIN: INE0B7Y07092
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 INE0B7Y07092, represents a significant financial instrument. Issued by BLU-SMART MOBILITY PRIVATE LIMITED, it comes with the following description: "12% SECURED UNRATED UNLISTED REDEEMABLE NON-CONVERTIBLE DEBENTURES. SERIES BLUNCD 08 2024 DATE OF MATURITY 23/11/2025.". 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, BLU-SMART MOBILITY 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) U74999GJ2018PTC104895 further bolster its credibility. With a coupon rate of 12, this instrument has been meticulously managed with the assistance of Link Intime India Private Limited,Mumbai 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 10000 with an issue size of 15. It was allotted on 8/23/2024 and is scheduled for redemption on 11/23/2025. 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: The Debentures shall be secured by way of a first ranking and pari passu charge over all current and fixed assets tangible intangible IP of the company both present and future Hypothecated Property created pursuant to the deed of hypothecation to be executed between the Company and the Debenture Trustee as described herein The Hypothecated Property shall at all times be equal to the value of the outstanding principal amount of the Debentures The issuer undertakes – 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 INE0B7Y07084 having a coupon rate of 12% and the bond with ISIN INE0B7Y07068 having a coupon rate of 12% and the bond with ISIN INE0B7Y07076 having a coupon rate of 12% and the bond with ISIN INE0B7Y07118 having a coupon rate of 12%. 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.