Bsbp Estates Private Limited
ACTIVE
ISIN: INE0C9907017
Issuer Details
Issuer Name
BSBP ESTATES PRIVATE LIMITED
Type of Issuer
Non PSU
Sector
Realty
Coupon Rate
18.5% IRR
Industry
Realty
Issuer nature
Other
Corporate Identity Number (CIN)
U70109PB2018PTC047650
Name of the Lead Manager
-
Registrar
Skyline Financial Services P...
Name of Debenture Trustee
Vistra ITCL (India) Limited
Instrument Details
Instrument name as on NSDL
18.5% IRR SECURED UNRATED UN...
Face Value (in ₹)
10000
Total Issue size( in ₹ Cr.)
75
Category of Instrument
Plain Vanilla Debentures
Allotment Date
14-02-2023
Redemption Date
17-01-2027
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
LAND ADMEASURING APPROX 0.4 ACRES SITUATED AT AEROCITY ZIRAKPUR, PUNJAB OWNED BY THE COMPANY THE LAND ADMEASURING APPROX 5.46 ACRES SITUATED AT AEROCITY ZIRAKPUR PUNJAB TO BE TRANSFERRED BY SUSHMA BUILDTECH LIMITED IN THE NAME OF THE COMPANY AND ANY OTHER LAND THAT MAY BE ACQUIRED BY THE COMPANY FROM TIME TO TIME BY WAY OF ACQUISITION COLLABORATION OR OTHERWISE FOR THE PURPOSE OF CONSTRUCTION AND DEVELOPMENT OF THE PROJECT IN TERMS OF THE PUNJAB AFFORDABLE HOUSING POLICY, 2022 ON THE PROJECT L
Asset Type
Details of the security
Current Assets
First and exclusive charge by way of hypothecation and right of lien and set – off, over the accounts opened/ to be opened or as may be maintained, from time to time, by the Company in relation to the Project/Company Receivables;
Book Debts / Receivables
Book and other debts and monetary claims of any nature and any proceeds of such debts and claims and all other rights to receive money now or in the future due, arising from sale, transfer, license, lease or rental of any portion of the Project or any fixtures, built-up area, floor space index, floor area ratio buildings, structures or units in any buildings or structures erected and/o
Movable Asset - Machineries & Plant
First and exclusive charge by way of pledge by Ridhi Mittal (“Promoter 1”) and Sushma Buildtech Limited (“Promoter 2”) over their entire shareholding in the Company representing 100% of the equity capital of the Company in favour of the Debenture Trustee; Deed of personal guarantee from Promoter 1, Binder Pal Mittal (“Promoter 3”), Bharat Mittal (“Promoter 4”) and Prateek Mittal (“Promoter 5”) in a mode and manner acceptable to the Debenture Trustee
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About Bsbp Estates Private Limited bond with ISIN: INE0C9907017
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 INE0C9907017, represents a significant financial instrument. Issued by BSBP ESTATES PRIVATE LIMITED, it comes with the following description: "18.5% IRR SECURED UNRATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURES DATE OF MATURITY 17/01/2027". 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, BSBP ESTATES 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) U70109PB2018PTC047650 further bolster its credibility. With a coupon rate of 18.5% IRR, this instrument has been meticulously managed with the assistance of Skyline Financial Services Private Limited and under the oversight of Vistra ITCL (India) Limited, ensuring a strong operational framework. Examining the technical specifications, the bond’s face value is 10000 with an issue size of 75. It was allotted on 2/14/2023 and is scheduled for redemption on 1/17/2027. 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: LAND ADMEASURING APPROX 0.4 ACRES SITUATED AT AEROCITY ZIRAKPUR, PUNJAB OWNED BY THE COMPANY THE LAND ADMEASURING APPROX 5.46 ACRES SITUATED AT AEROCITY ZIRAKPUR PUNJAB TO BE TRANSFERRED BY SUSHMA BUILDTECH LIMITED IN THE NAME OF THE COMPANY AND ANY OTHER LAND THAT MAY BE ACQUIRED BY THE COMPANY FROM TIME TO TIME BY WAY OF ACQUISITION COLLABORATION OR OTHERWISE FOR THE PURPOSE OF CONSTRUCTION AND DEVELOPMENT OF THE PROJECT IN TERMS OF THE PUNJAB AFFORDABLE HOUSING POLICY, 2022 ON THE PROJECT L – 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 INE0C9907025 having a coupon rate of 16%. 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.