Drone Acharya Services Private Limited
ACTIVE
ISIN: INE0WWM07010
Issuer Details
Issuer Name
DRONE ACHARYA SERVICES PRIVA...
Type of Issuer
Non PSU
Sector
Services
Coupon Rate
21%
Industry
Commercial Services & Suppli...
Issuer nature
Other
Corporate Identity Number (CIN)
U74999TG2022PTC163507
Name of the Lead Manager
-
Registrar
KFIN TECHNOLOGIES PRIVATE LI...
Name of Debenture Trustee
Catalyst Trusteeship Limited...
Instrument Details
Instrument name as on NSDL
21% SECURED RATED LISTED RED...
Face Value (in ₹)
100000
Total Issue size( in ₹ Cr.)
50
Category of Instrument
PLAIN VANILLA DEBENTURES
Allotment Date
23-08-2024
Redemption Date
21-05-2027
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
NA
Asset Type
Details of the security
Others, Please Specify
afirst ranking pledge of all the Securities of the Issuer till the Final Settlement Date, (b)a first ranking pledge of all the Securities of CEPL till the Final Settlement Date, (c)a first ranking mortgage on the Individual Mortgage Property created by the Individual Mortgagor, (d)unconditional and irrevocable personal guarantee by the Individual Obligor, (e)unconditional and irrevocable corporate guarantee by KMCCL, (f)demand promissory note and letter of continuity from the Issuer and
Non-Current Investments
NA
Intangible Assets
afirst charge on all the intangible assets of the Issuer including but not limited to goodwill, rights, undertaking, intellectual property and uncalled capital, present and future
Trust & Retention Account /Escrow Accounts
afirst charge over all the Issuers accounts present and future the Debt Service Reserve Account, sub accounts (or any account in substitution thereof), the Trust and Retention Account Agreement, and all funds and receivables deposited therein, from time to time
Current Assets
afirst charge on all the Issuers current assets and receivables, revenues and or other securities of the Issuer, of whatsoever nature both present and future, including but not limited to book debts, operating cash flows, commissions, revenues of whatsoever nature and wherever arising (present and future), Issuer Cash Collateral, Issuer CEPL Receivables and all rights, title and interest of the Issuer thereunder
Tangible Assets
NA
Movable Asset
afirst charge on all the Issuers tangible movable assets, including movable plant and machinery, machinery spares, tools and accessories, furniture, fixtures, vehicles and all other movable assets, both present and future
Immovable Assets
afirst ranking mortgage on all the Issuers immovable assets, if any, both present and future
Book Debts / Receivables
afirst charge on all KMCILs receivables from the KMCIL CEPL Inter Company Loan, Specified KMCIL Receivables and all amounts lying in the KMCIL Escrow Accounts including all rights, title and interest of KMCIL, thereunder
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 Drone Acharya Services Private Limited bond with ISIN: INE0WWM07010
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 INE0WWM07010, represents a significant financial instrument. Issued by DRONE ACHARYA SERVICES PRIVATE LIMITED, it comes with the following description: "21% SECURED RATED LISTED REDEEMABLE NON-CONVERTIBLE DEBENTURE SERIES A TRANCHE 1 DATE OF MATURITY 21/05/2027.". 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, DRONE ACHARYA SERVICES 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) U74999TG2022PTC163507 further bolster its credibility. With a coupon rate of 21, 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 50. It was allotted on 8/23/2024 and is scheduled for redemption on 5/21/2027. 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. The bond carries a credit rating of B as provided by CRISIL RATINGS LIMITED. In the market, ratings typically range from D to AAA, and a rating of B 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: NA – 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 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.