Gmr Enterprises Private Limited
INACTIVE
ISIN: INE908I07784
Issuer Details
Issuer Name
GMR ENTERPRISES PRIVATE LIMI...
Type of Issuer
Non PSU
Sector
Financial Services
Coupon Rate
17%
Industry
Finance
Issuer nature
NBFC
Corporate Identity Number (CIN)
U74900TN2007PTC102389
Name of the Lead Manager
-
Registrar
KFIN TECHNOLOGIES PRIVATE LI...
Name of Debenture Trustee
Vistra ITCL (India) Limited
Instrument Details
Instrument name as on NSDL
17% SECURED UNRATED UNLISTED...
Face Value (in ₹)
1000000
Total Issue size( in ₹ Cr.)
50
Category of Instrument
PLAIN VANILLA DEBENTURES
Allotment Date
02-06-2023
Redemption Date
02-07-2025
Whether Secured or Unsecured
Secured
Put Option Date
-
Call Option Date
-
Seniority in Repayment
-
Security Measures
Asset Coverage
Principal + Interest
Asset Percentage
2.1%
Details of Asset Cover
Pledge over such number of GMR Airports Infrastructure Limited (GIL) Shares to be created by the Issuer such that the value of the ratio of the value of the pledged GIL Shares to the outstanding amounts in respect of the Debentures Pledge Security Cover is at least equal to 2.1 Two decimal point One at all times Minimum Pledge Security Cover The value of the pledged GIL Shares shall be determined on the basis of multiplying the number of pledged GIL Shares, and lower of the last closing price of
Asset Type
Details of the security
Movable Asset
In the event that at any point of time the Pledge Security Cover falls below One decimal point Eight the Debenture Holders shall be entitled to treat the same as an Event of Default in the event that that the Minimum Pledge Security Cover is not restored within 1 One working day
Movable Asset
Pledge over such number of GMR Airports Infrastructure Limited (GIL) Shares to be created by the Issuer such that the value of the ratio of the value of the pledged GIL Shares to the outstanding amounts in respect of the Debentures Pledge Security Cover is at least equal to 2.1 Two decimal point One at all times Minimum Pledge Security Cover The value of the pledged GIL Shares shall be determined on the basis of multiplying the number of pledged GIL Shares, and lower of the last closing price of
Movable Asset
In the event that the Pledge Security Cover is higher than Two decimal point Five for a continuous period of 14 Fourteen trading days Release Trigger Event the Debenture Trustee shall at the request of the Issuer and in any event within 3 Three Business Days from the date of such request release pledge over such number of the pledged GIL Shares such that after the release, the Pledge Security Cover is at least equal to the Minimum Pledge Security Cover
Movable Asset
the GIL Shares on NSE or the average of the closing price of GIL Shares on NSE for each of the immediately preceding 15 trading days In the event that at any point in time the Pledge Security Cover maintained is lower than the Minimum Pledge Security Cover the Issuer shall forthwith and in any event within 3 Three Business Days create a pledge over such number of additional GIL Shares such that after the creation of such pledge the Pledge Security Cover is at least equal to the Minimum Pledge
Movable Asset
Security Cover the Issuer shall forthwith and in any event within 3 Three Business Days create a pledge over such number of additional GIL Shares such that after the creation of such pledge the Pledge Security Cover is at least equal to the Minimum Pledge Security Cover
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About Gmr Enterprises Private Limited bond with ISIN: INE908I07784
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 INE908I07784, represents a significant financial instrument. Issued by GMR ENTERPRISES PRIVATE LIMITED, it comes with the following description: "17% SECURED UNRATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURE DATE OF MATURITY 02/07/2025". Although the bond is currently marked as inactive, its structure and historical context provide valuable insights into the world of debentures and non-convertible securities. The issuer, GMR ENTERPRISES 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) U74900TN2007PTC102389 further bolster its credibility. With a coupon rate of 17, this instrument has been meticulously managed with the assistance of KFIN TECHNOLOGIES PRIVATE LIMITED and under the oversight of Vistra ITCL (India) Limited, ensuring a strong operational framework. Examining the technical specifications, the bond’s face value is 1000000 with an issue size of 50. It was allotted on 6/2/2023 and is scheduled for redemption on 7/2/2025. 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: Pledge over such number of GMR Airports Infrastructure Limited (GIL) Shares to be created by the Issuer such that the value of the ratio of the value of the pledged GIL Shares to the outstanding amounts in respect of the Debentures Pledge Security Cover is at least equal to 2.1 Two decimal point One at all times Minimum Pledge Security Cover The value of the pledged GIL Shares shall be determined on the basis of multiplying the number of pledged GIL Shares, and lower of the last closing price of – 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 INE908I07776 having a coupon rate of N/A and the bond with ISIN INE908I07263 having a coupon rate of 13.25% and the bond with ISIN INE908I07578 having a coupon rate of N/A and the bond with ISIN INE908I07701 having a coupon rate of 15.5%. 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.