Gangotree Homes Developers Private Limited
ACTIVE
ISIN: INE0RPN07012
Issuer Details
Issuer Name
GANGOTREE HOMES DEVELOPERS P...
Type of Issuer
Non PSU
Sector
Realty
Coupon Rate
16.75%
Industry
Realty
Issuer nature
Other
Corporate Identity Number (CIN)
U41002PN2023PTC224591
Name of the Lead Manager
-
Registrar
-
Name of Debenture Trustee
Orbis Trustee Services Priva...
Instrument Details
Instrument name as on NSDL
16.75% SECURED UNRATED UNLIS...
Face Value (in ₹)
100000
Total Issue size( in ₹ Cr.)
30
Category of Instrument
PLAIN VANILLA DEBENTURES
Allotment Date
03-11-2023
Redemption Date
03-05-2027
Whether Secured or Unsecured
Secured
Put Option Date
-
Call Option Date
-
Seniority in Repayment
Senior
Security Measures
Asset Coverage
Principal + Interest
Asset Percentage
200%
Details of Asset Cover
NA
Asset Type
Details of the security
Intangible Assets
NA
Movable Asset
NA
Tangible Assets
NA
Others, Please Specify
Personal guarantee from the promoters Mr. Rajendra Awate, Mr. Ganesh Jadhav, Mr. Makarand Kelkar,Affirmative step in rights (in the form of a registered SPOA with necessary board approvals) in case of an event of default (not limited to a payment default)Right to replace board of directors and/or partners of the Issuer Company and/or Corporate Guarantors and/or Security ProviderPledge of shares of Borrowing entity, Security Providers i.e. Project SPVs/hypothecation of partnership
Current Assets
NA
Non-Current Investments
NA
Movable Asset
NA
Book Debts / Receivables
NA
Immovable Assets
Developers share of saleable area (including underlying UDS) along with sold and unsold receivables in Project Lakshmi Krupa, Project Kshitji 15 & 23, Project Dashabhuja, Project Manisha Park, Project Pushpalata, Project Premanand
Trust & Retention Account /Escrow Accounts
NA
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 Gangotree Homes Developers Private Limited bond with ISIN: INE0RPN07012
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 INE0RPN07012, represents a significant financial instrument. Issued by GANGOTREE HOMES DEVELOPERS PRIVATE LIMITED, it comes with the following description: "16.75% SECURED UNRATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURES DATE OF MATURITY 03/05/2027". 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, GANGOTREE HOMES DEVELOPERS 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) U41002PN2023PTC224591 further bolster its credibility. With a coupon rate of 16.75, this instrument has been meticulously managed with the assistance of N/A and under the oversight of Orbis Trustee Services Private Limited, ensuring a strong operational framework. Examining the technical specifications, the bond’s face value is 100000 with an issue size of 30. It was allotted on 11/3/2023 and is scheduled for redemption on 5/3/2027. 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: 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. 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.