Earlysalary Services Private Limited
ACTIVE
ISIN: INE01YL07318
Issuer Details
Issuer Name
EARLYSALARY SERVICES PRIVATE...
Type of Issuer
Non PSU
Sector
Financial Services
Coupon Rate
10.9%
Industry
Finance
Issuer nature
Other
Corporate Identity Number (CIN)
U67120WB1994PTC064965
Name of the Lead Manager
-
Registrar
KFIN TECHNOLOGIES PRIVATE LI...
Name of Debenture Trustee
Vardhaman Trusteeship Privat...
Instrument Details
Instrument name as on NSDL
10.9% SECURED RATED LISTED R...
Face Value (in ₹)
100000
Total Issue size( in ₹ Cr.)
100
Category of Instrument
PLAIN VANILLA DEBENTURES
Allotment Date
30-10-2024
Redemption Date
06-05-2026
Whether Secured or Unsecured
Secured
Put Option Date
-
Call Option Date
-
Seniority in Repayment
Senior
Security Measures
Asset Coverage
Principal + Interest
Asset Percentage
120%
Details of Asset Cover
Specific Receivables
Asset Type
Details of the security
Book Debts / Receivables
Specific 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 Earlysalary Services Private Limited bond with ISIN: INE01YL07318
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 INE01YL07318, represents a significant financial instrument. Issued by EARLYSALARY SERVICES PRIVATE LIMITED, it comes with the following description: "10.9% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE DATE OF MATURITY 06/05/2026". 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, EARLYSALARY 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) U67120WB1994PTC064965 further bolster its credibility. With a coupon rate of 10.9, this instrument has been meticulously managed with the assistance of KFIN TECHNOLOGIES PRIVATE LIMITED and under the oversight of Vardhaman Trusteeship Private Limited, ensuring a strong operational framework. Examining the technical specifications, the bond’s face value is 100000 with an issue size of 100. It was allotted on 10/30/2024 and is scheduled for redemption on 5/6/2026. 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 A- as provided by CARE RATINGS LIMITED. In the market, ratings typically range from D to AAA, and a rating of A- 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: Specific 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 Shelf Prospectus/Information Memorandum/Offer Documents/Tranches/Series. 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 INE01YL07193 having a coupon rate of 11.75% and the bond with ISIN INE01YL07201 having a coupon rate of 11.75% and the bond with ISIN INE01YL07128 having a coupon rate of 11% and the bond with ISIN INE01YL07268 having a coupon rate of 11.5%. 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.