Incred Wealth And Investment Services Private Limited
ACTIVE
ISIN: INE0MMC07013
Issuer Details
Issuer Name
INCRED WEALTH AND INVESTMENT...
Type of Issuer
Non PSU
Sector
Financial Services
Coupon Rate
Nifty 50 Index Equity MF%
Industry
Finance
Issuer nature
Other
Corporate Identity Number (CIN)
U67190MH2020PTC350270
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
NIFTY50 INDEX & EQUITY MUTUA...
Face Value (in ₹)
1000000
Total Issue size( in ₹ Cr.)
30
Category of Instrument
STRUCTURED/MARKET LINKED DEB...
Allotment Date
08-12-2022
Redemption Date
30-01-2026
Whether Secured or Unsecured
Secured
Put Option Date
-
Call Option Date
-
Seniority in Repayment
Senior
Security Measures
Asset Coverage
Principal + Interest
Asset Percentage
100%
Details of Asset Cover
The Debentures shall be secured by way of a first ranking pari passu charge created/ to be created in favour of the Debenture Trustee pursuant to an unattested deed of hypothecation executed or to be executed and delivered by the Company to the Debenture Trustee ("Deed of Hypothecation") over all the assets/ receivables of the company (both present and future) as per the term sheet
Asset Type
Details of the security
Non-Current Investments
The Debentures shall be secured by way of a first ranking pari passu charge created/ to be created in favour of the Debenture Trustee pursuant to an unattested deed of hypothecation executed or to be executed and delivered by the Company to the Debenture Trustee ("Deed of Hypothecation") over all the assets/ receivables of the company (both present and future) as per the term sheet
Current Assets
The Debentures shall be secured by way of a first ranking pari passu charge created/ to be created in favour of the Debenture Trustee pursuant to an unattested deed of hypothecation executed or to be executed and delivered by the Company to the Debenture Trustee ("Deed of Hypothecation") over all the assets/ receivables of the company (both present and future) as per the term sheet
Book Debts / Receivables
The Debentures shall be secured by way of a first ranking pari passu charge created/ to be created in favour of the Debenture Trustee pursuant to an unattested deed of hypothecation executed or to be executed and delivered by the Company to the Debenture Trustee ("Deed of Hypothecation") over all the assets/ receivables of the company (both present and future) as per the term sheet
Movable Asset
The Debentures shall be secured by way of a first ranking pari passu charge created/ to be created in favour of the Debenture Trustee pursuant to an unattested deed of hypothecation executed or to be executed and delivered by the Company to the Debenture Trustee ("Deed of Hypothecation") over all the assets/ receivables of the company (both present and future) as per the term sheet
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About Incred Wealth And Investment Services Private Limited bond with ISIN: INE0MMC07013
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 INE0MMC07013, represents a significant financial instrument. Issued by INCRED WEALTH AND INVESTMENT SERVICES PRIVATE LIMITED, it comes with the following description: "NIFTY50 INDEX & EQUITY MUTUAL FUNDS LINKED SECURED UNRATED UNLISTED REDEEMABLE NON PRINCIPAL PROTECTED NON CONVERTIBLE DEBENTURE. SERIES I. DATE OF MATURITY 30/01/2026.". 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, INCRED WEALTH AND INVESTMENT SERVICES 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) U67190MH2020PTC350270 further bolster its credibility. With a coupon rate of Nifty 50 Index Equity MF, 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 1000000 with an issue size of 30. It was allotted on 12/8/2022 and is scheduled for redemption on 1/30/2026. Categorized under "STRUCTURED/MARKET LINKED DEBENTURES (MLDS)" 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: The Debentures shall be secured by way of a first ranking pari passu charge created/ to be created in favour of the Debenture Trustee pursuant to an unattested deed of hypothecation executed or to be executed and delivered by the Company to the Debenture Trustee ("Deed of Hypothecation") over all the assets/ receivables of the company (both present and future) as per the term sheet – 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 INE0MMC07039 having a coupon rate of NIFTY FIFTY INDEX and the bond with ISIN INE0MMC07054 having a coupon rate of NIFTY 50 and the bond with ISIN INE0MMC07070 having a coupon rate of NIFTY 50 and the bond with ISIN INE0MMC07047 having a coupon rate of Nifty 50. 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.