Isprout Business Centre Private Limited
ACTIVE
ISIN: INE0B2V07032
Issuer Details
Issuer Name
ISPROUT BUSINESS CENTRE PRIV...
Type of Issuer
Non PSU
Sector
Services
Coupon Rate
14.15%
Industry
Commercial Services & Suppli...
Issuer nature
Other
Corporate Identity Number (CIN)
U74999TG2016PTC111831
Name of the Lead Manager
-
Registrar
Bigshare Services Pvt. Limit...
Name of Debenture Trustee
Vardhaman Trusteeship Privat...
Instrument Details
Instrument name as on NSDL
14.15% SECURED RATED UNLISTE...
Face Value (in ₹)
100000
Total Issue size( in ₹ Cr.)
20
Category of Instrument
PLAIN VANILLA DEBENTURES
Allotment Date
28-06-2024
Redemption Date
30-09-2026
Whether Secured or Unsecured
Secured
Put Option Date
-
Call Option Date
-
Seniority in Repayment
Senior
Security Measures
Asset Coverage
Principal + Interest
Asset Percentage
110%
Details of Asset Cover
Afirst ranking and exclusive charge on Escrow Account by way of hypothecation
Asset Type
Details of the security
Book Debts / Receivables
afirst ranking charge over all present and future current assets (Receivables and Book Debts) and movable fixed assets by way of hypothecation.
Others, Please Specify
Personal Guarantee and Post dated Cheques (PDCs) from Mr Sreenivasa Rao Tirdhala, Mrs. Sundaramma Patibandla and Demand Promissory note from Company.
Trust & Retention Account /Escrow Accounts
Afirst ranking and exclusive charge on Escrow Account by way of hypothecation
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About Isprout Business Centre Private Limited bond with ISIN: INE0B2V07032
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 INE0B2V07032, represents a significant financial instrument. Issued by ISPROUT BUSINESS CENTRE PRIVATE LIMITED, it comes with the following description: "14.15% SECURED RATED UNLISTED REDEEMABLE NON-CONVERTIBLE DEBENTURE. SERIES C DATE OF MATURITY 30/09/2026.". 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, ISPROUT BUSINESS CENTRE 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) U74999TG2016PTC111831 further bolster its credibility. With a coupon rate of 14.15, this instrument has been meticulously managed with the assistance of Bigshare Services Pvt. Limited 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 20. It was allotted on 6/28/2024 and is scheduled for redemption on 9/30/2026. 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 BBB- as provided by INDIA RATING AND RESEARCH PVT. LTD. In the market, ratings typically range from D to AAA, and a rating of BBB- 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: Afirst ranking and exclusive charge on Escrow Account by way of hypothecation – 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 INE0B2V07016 having a coupon rate of 15% and the bond with ISIN INE0B2V07024 having a coupon rate of 15%. 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.