Live

BluSmart Updates Here

Bond Screener

Evaluate bond-issuing companies

Calculator

Calculate bond yield and price

Talk to expert

Learn how to diversify your portfolio

Bonds Directory

Bonds info you need in one place

FAQ's

Frequently Asked Questions on Tap

1Min News

Headlines in 60 seconds

Finance wiki

Your financial glossary

Blogs

Insights on trending topics

Youtube

Top videos about the Indian bond market

  1. Home
  2. Grand View Estates P...

Grand View Estates Private Limited

ACTIVE

ISIN: INE347N07041

Issuer Details

Instrument Details

Security Measures

Cash Flow Schedule

Issuer Details


Issuer Name

GRAND VIEW ESTATES PRIVATE L...

Type of Issuer

Non PSU

Sector

Construction

Coupon Rate

-

Industry

Construction

Issuer nature

Other

Corporate Identity Number (CIN)

U70100MH1998PTC114764

Name of the Lead Manager

-

Registrar

Link Intime India Private Li...

Name of Debenture Trustee

IDBI Trusteeship Services Li...

Instrument Details


Instrument name as on NSDL

RESET RATE SECURED UNRATED U...

Face Value (in ₹)

1000000

Total Issue size( in ₹ Cr.)

380

Category of Instrument

PLAIN VANILLA DEBENTURES

Allotment Date

04-10-2023

Redemption Date

30-09-2027

Whether Secured or Unsecured

Secured

Put Option Date

-

Call Option Date

-

Seniority in Repayment

Senior

Security Measures


Asset Coverage

Principal

Asset Percentage

220%

Details of Asset Cover

More particularly described in the Debenture Trust Deed. a first ranking mortgage over all the rights, title and interest of SMCL on the SMCL Land along with the structures standing thereon (including but not limited to the movable and immovable assets in relation to SMCL Land and SMCL Project), by way of an english mortgage in accordance with the terms of the Mortgage Deed.

Sr No.

Asset Type

Details of the security

1

Movable Asset

First ranking exclusive charge by way of hypothecation over the entire receivables of SMCL including but not limited to receivables from the Svadeshi Project but excluding the pass through charges as set out under the Transaction Documents

2

Immovable Assets

More particularly described in the Debenture Trust Deed. a first ranking mortgage over all the rights, title and interest of SMCL on the SMCL Land along with the structures standing thereon (including but not limited to the movable and immovable assets in relation to SMCL Land and SMCL Project), by way of an english mortgage in accordance with the terms of the Mortgage Deed.

3

Immovable Assets

The Debentures shall also be secured in favour of the Common Debenture Trustee, by the relevant Additional Security Providers (as mentioned in the Debenture Trust Deed), for the benefit of the Debenture Holders by way of creating such additional security as agreed between the Company and Debenture Holders and as more particularly described in the Debenture Trust Deed

4

Movable Asset

Assignment of the recovery certificate and DRT decree held by the Company against SMCL

5

Movable Asset

Corporate Guarantee from SMCL

6

Movable Asset

Charge on receivables of Forbes in relation to any SMCL debt or any other liability of SMCL towards Forbes (Forbes Security 2 and collectively with Forbes Security 1 hereinafter referred to as Forbes Security)

7

Movable Asset

First ranking charge over the Existing Facility Collateral to be shared on a pari passu basis

8

Movable Asset

Subordination of related party debt in the Company and SMCL

9

Movable Asset

Assignment of debt owned by Forbes & Co. Ltd (Forbes) against SMCL (Forbes Security 1)

10

Movable Asset

Exclusive Pledge over 100% shares of the Company to be created as per the timelines agreed in the transaction documents

11

Movable Asset

Charge on receivables of the Company in relation to any SMCL debt or any other liability of SMCL towards the Company

12

Movable Asset

Exclusive pledge over shares of SMCL owned by the Company (29% owner of SMCL) and Forbes & Co. Ltd. (23% owner of SMCL).

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.

Similar Bonds

DHFL INVESTMENTS LIMITED

ISIN: INE005X08018

Coupon Rate

9%

Face Value (in ₹)

1000000


WELSPUN AUNTA-SIMARIA PROJECT PRIVATE LIMITED

ISIN: INE002Z08077

Face Value (in ₹)

100


MJR BUILDERS PRIVATE LIMITED

ISIN: INE0NO807016

Coupon Rate

16%

Face Value (in ₹)

100000


RENEW POWER PRIVATE LIMITED

ISIN: INE003S07247

Coupon Rate

9.3%

Face Value (in ₹)

100000


About Grand View Estates Private Limited bond with ISIN: INE347N07041

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 INE347N07041, represents a significant financial instrument. Issued by GRAND VIEW ESTATES PRIVATE LIMITED, it comes with the following description: "RESET RATE SECURED UNRATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURE. DATE OF MATURITY 30/09/2027.". 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, GRAND VIEW ESTATES 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) U70100MH1998PTC114764 further bolster its credibility. With a coupon rate of N/A, this instrument has been meticulously managed with the assistance of Link Intime India Private Limited,Mumbai and under the oversight of IDBI Trusteeship Services Limited, ensuring a strong operational framework. Examining the technical specifications, the bond’s face value is 1000000 with an issue size of 380. It was allotted on 10/4/2023 and is scheduled for redemption on 9/30/2027. 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: More particularly described in the Debenture Trust Deed. a first ranking mortgage over all the rights, title and interest of SMCL on the SMCL Land along with the structures standing thereon (including but not limited to the movable and immovable assets in relation to SMCL Land and SMCL Project), by way of an english mortgage in accordance with the terms of the Mortgage Deed. – 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.

Disclaimer: The facts and information on this page are for information and awareness purposes only. No information provided here is intended towards any specific user and should not be construed as investment advice or a recommendation of any kind whatsoever. You are requested to consult with your professional investment advisor or tax advisor for specific directions on any investments in any securities including the bonds mentioned on this page before making any investment decision. Tap Bonds shall not be liable for any losses incurred by you based on an investment decision utilising the information.
footer

Contact Us

Tap Bonds
Sector 2, HSR Layout
Bengaluru - 560102

Resources

Privacy Policy

Terms & Conditions

All blogs

All bond issuers

Get in touch


Tap Broking Private Limited. All rights reserved.

All information is sourced from public datasets.