Evernest Infratech Private Limited
ACTIVE
ISIN: INE12FD07014
Issuer Details
Issuer Name
EVERNEST INFRATECH PRIVATE L...
Type of Issuer
Non PSU
Sector
Realty
Coupon Rate
13.5%
Industry
Realty
Issuer nature
Other
Corporate Identity Number (CIN)
U68200KA2023PTC171433
Name of the Lead Manager
-
Registrar
Link Intime India Private Li...
Name of Debenture Trustee
Axis Trustee Services Limite...
Instrument Details
Instrument name as on NSDL
13.5% SECURED UNRATED UNLIST...
Face Value (in ₹)
100000
Total Issue size( in ₹ Cr.)
41
Category of Instrument
PLAIN VANILLA DEBENTURES
Allotment Date
05-09-2024
Redemption Date
05-09-2026
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
Charge on current assets of the Company
Asset Type
Details of the security
Others, Please Specify
Corporate Guarantee of SPW Realty LLP to the extent of the loan outstanding between SPW Realty LLP and the Company and Personal Guarantee of Mr. Sudarshan Lodha
Trust & Retention Account /Escrow Accounts
Escrow of identified future receivables from Acko General Insurance Limited as identified in the Development Management Agreement executed on 18th January 2024 between Acko General Insurance Limited, SSS Realty & Co, SPW Realty LLP and Machani Infra Development Corporation Private Limited
Current Assets
Demand promissory note from the Company
Trust & Retention Account /Escrow Accounts
Exclusive charge on the escrow account opened by the company to the extent of receivables from Acko General Insurance Limited
Current Assets
Charge on current assets of the Company
Current Assets
Exclusive charge on loan offered to SPW Realty LLP (including any interest that accrues on the said loan)
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About Evernest Infratech Private Limited bond with ISIN: INE12FD07014
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 INE12FD07014, represents a significant financial instrument. Issued by EVERNEST INFRATECH PRIVATE LIMITED, it comes with the following description: "13.5% SECURED UNRATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURES DATE OF MATURITY 05/09/2026". 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, EVERNEST INFRATECH 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) U68200KA2023PTC171433 further bolster its credibility. With a coupon rate of 13.5, this instrument has been meticulously managed with the assistance of Link Intime India Private Limited,Mumbai and under the oversight of Axis Trustee Services Limited, ensuring a strong operational framework. Examining the technical specifications, the bond’s face value is 100000 with an issue size of 41. It was allotted on 9/5/2024 and is scheduled for redemption on 9/5/2026. 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. 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: Charge on current assets of the Company – 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 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.