Dhara Motor Finance Limited
ACTIVE
ISIN: INE0DS107076
Issuer Details
Issuer Name
DHARA MOTOR FINANCE LIMITED
Type of Issuer
Non PSU
Sector
Financial Services
Coupon Rate
11.1%
Industry
Finance
Issuer nature
Other
Corporate Identity Number (CIN)
U50101UP1990PLC012234
Name of the Lead Manager
-
Registrar
-
Name of Debenture Trustee
Beacon Trusteeship Ltd
Instrument Details
Instrument name as on NSDL
11.10% SECURED UNRATED UNLIS...
Face Value (in ₹)
20000
Total Issue size( in ₹ Cr.)
0.7
Category of Instrument
PLAIN VANILLA DEBENTURES
Allotment Date
05-08-2024
Redemption Date
05-08-2026
Whether Secured or Unsecured
Secured
Put Option Date
-
Call Option Date
-
Seniority in Repayment
-
Security Measures
Asset Coverage
Principal + Interest
Asset Percentage
100%
Details of Asset Cover
Book debts
Asset Type
Details of the security
Book Debts / Receivables
Book debts
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About Dhara Motor Finance Limited bond with ISIN: INE0DS107076
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 INE0DS107076, represents a significant financial instrument. Issued by DHARA MOTOR FINANCE LIMITED, it comes with the following description: "11.10% SECURED UNRATED UNLISTED REDEEMABLE NON-CONVERTIBLE DEBENTURE. DATE OF MATURITY 05/08/2026.". 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, DHARA MOTOR FINANCE 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) U50101UP1990PLC012234 further bolster its credibility. With a coupon rate of 11.1, this instrument has been meticulously managed with the assistance of N/A and under the oversight of Beacon Trusteeship Ltd, ensuring a strong operational framework. Examining the technical specifications, the bond’s face value is 20000 with an issue size of 0.7. It was allotted on 8/5/2024 and is scheduled for redemption on 8/5/2026. 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 BBB- as provided by CRISIL RATINGS LIMITED. In the market, ratings typically range from D to AAA, and a rating of BBB- 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: Book debts – 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 CRISIL RATINGS LIMITED_-. 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 INE0DS107027 having a coupon rate of 14% and the bond with ISIN INE0DS107043 having a coupon rate of 13% and the bond with ISIN INE0DS107084 having a coupon rate of 13% and the bond with ISIN INE0DS107068 having a coupon rate of 11.1%. 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.