Gera Developments Private Limited
ACTIVE
ISIN: INE965R07348
Issuer Details
Issuer Name
GERA DEVELOPMENTS PRIVATE LI...
Type of Issuer
Non PSU
Sector
Realty
Coupon Rate
9.6%
Industry
Realty
Issuer nature
Other
Corporate Identity Number (CIN)
U70102PN1988PTC049303
Name of the Lead Manager
-
Registrar
Link Intime India Private Li...
Name of Debenture Trustee
Vardhaman Trusteeship Privat...
Instrument Details
Instrument name as on NSDL
9.60% SECURED RATED LISTED R...
Face Value (in ₹)
100000
Total Issue size( in ₹ Cr.)
25
Category of Instrument
PLAIN VANILLA DEBENTURES
Allotment Date
24-11-2023
Redemption Date
12-03-2026
Whether Secured or Unsecured
Secured
Put Option Date
-
Call Option Date
-
Seniority in Repayment
Senior
Security Measures
Asset Coverage
Principal + Interest
Asset Percentage
150%
Details of Asset Cover
An ascertained and demarcated area admeasuring 8 hectares and 68.24 Acres out of all that piece or parcel of land bearing Gat no. 1286, (Old Gat No. 2272) totally admeasuring 16 hectares 54 Acres, lying and situate at Village Wagholi, Taluka Haveli, District Pune and within the limits of Gram panchayat Wagholi and within the limits of Pune Municipal Corporation. and bounded as follows:On or towards the North: Gat No. 1287 (Part), Gat No. 2222, 24.0 M Road On or towards the South: Gat No. 1286 (P
Asset Type
Details of the security
Movable Asset
All and any of the monies accruing to or arising out of Project including, but not limited to amounts owing to, and received and / or receivable by the Mortgagor and / or any person on its behalf, all book debts, present or future, Project Unsold Units, all cash flows and receivables and proceeds arising from / in connection with the business of the Mortgagor related to Project, and all rights, title, interest, benefits, claims and demandswhatsoever of the Mortgagor to or in respect of all the a
Immovable Assets
An ascertained and demarcated area admeasuring 8 hectares and 68.24 Acres out of all that piece or parcel of land bearing Gat no. 1286, (Old Gat No. 2272) totally admeasuring 16 hectares 54 Acres, lying and situate at Village Wagholi, Taluka Haveli, District Pune and within the limits of Gram panchayat Wagholi and within the limits of Pune Municipal Corporation. and bounded as follows:On or towards the North: Gat No. 1287 (Part), Gat No. 2222, 24.0 M Road On or towards the South: Gat No. 1286 (P
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About Gera Developments Private Limited bond with ISIN: INE965R07348
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 INE965R07348, represents a significant financial instrument. Issued by GERA DEVELOPMENTS PRIVATE LIMITED, it comes with the following description: "9.60% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES SERIES A DATE OF MATURITY 12/03/2026". 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, GERA DEVELOPMENTS 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) U70102PN1988PTC049303 further bolster its credibility. With a coupon rate of 9.6, this instrument has been meticulously managed with the assistance of Link Intime India Private Limited,Mumbai 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 25. It was allotted on 11/24/2023 and is scheduled for redemption on 3/12/2026. 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 AA- as provided by CARE RATINGS LIMITED. In the market, ratings typically range from D to AAA, and a rating of AA- 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: An ascertained and demarcated area admeasuring 8 hectares and 68.24 Acres out of all that piece or parcel of land bearing Gat no. 1286, (Old Gat No. 2272) totally admeasuring 16 hectares 54 Acres, lying and situate at Village Wagholi, Taluka Haveli, District Pune and within the limits of Gram panchayat Wagholi and within the limits of Pune Municipal Corporation. and bounded as follows:On or towards the North: Gat No. 1287 (Part), Gat No. 2222, 24.0 M Road On or towards the South: Gat No. 1286 (P – 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, CARE RATINGS LIMITED_09-01-2024. 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 INE965R07298 having a coupon rate of 9.6% and the bond with ISIN INE965R07280 having a coupon rate of 9.6% and the bond with ISIN INE965R07256 having a coupon rate of 9.6% and the bond with ISIN INE965R07314 having a coupon rate of 9.6%. 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.