Kalpataru Limited
ACTIVE
ISIN: INE227J07043
Issuer Details
Issuer Name
KALPATARU LIMITED
Type of Issuer
Non PSU
Sector
Realty
Coupon Rate
18%
Industry
Realty
Issuer nature
-
Corporate Identity Number (CIN)
U45200MH1988PLC050144
Name of the Lead Manager
-
Registrar
Bigshare Services Pvt. Limit...
Name of Debenture Trustee
Vistra ITCL (India) Limited
Instrument Details
Instrument name as on NSDL
18% SECURED UNRATED UNLISTED...
Face Value (in ₹)
1000000
Total Issue size( in ₹ Cr.)
165
Category of Instrument
PLAIN VANILLA DEBENTURES
Allotment Date
27-03-2024
Redemption Date
26-03-2028
Whether Secured or Unsecured
Secured
Put Option Date
-
Call Option Date
-
Seniority in Repayment
-
Security Measures
Asset Coverage
Principal + Interest
Asset Percentage
100%
Details of Asset Cover
Escrow Account Post dated cheques of the Subscription Amount and the Fixed Return from the Company
Asset Type
Details of the security
Tangible Assets
AAA
Others, Please Specify
Corporate Guarantee of the Company to be provided post the Effective Date of Demerger and the Corporate Guarantee of ADPL Personal Guarantee of Mr Parag M Munot Managing Director and Promoter of the Company And such other security as may be required and agreed from time to time amongst the Company Debenture Holders and Vistra.
Book Debts / Receivables
First ranking exclusive by way of a hypothecation over present and future receivables arising from the Mortgaged Property 1 AND Second ranking charge by way of a hypothecation over present and future receivables arising from the Mortgaged Properties 2
Immovable Assets
First ranking exclusive mortgage on Project Kalpataru Bellavue and all that part and pieces of the land adm 32,883 sq mts situated at Survey No.12 Vazira Naka Off LT Road Borivali West Mumbai and development rights thereon owned by the Company Mortgaged Property 1 AND Second ranking mortgage on projects Kalpataru Jade Residences and Kalpataru Jade Skyline at Baner Pune being developed by Astrum Developments Private Limited ADPL a group company Mortgaged Properties 2.
Movable Asset
AAA
Trust & Retention Account /Escrow Accounts
Escrow Account Post dated cheques of the Subscription Amount and the Fixed Return from the Company
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About Kalpataru Limited bond with ISIN: INE227J07043
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 INE227J07043, represents a significant financial instrument. Issued by KALPATARU LIMITED, it comes with the following description: "18% SECURED UNRATED UNLISTED REDEEMABLE NON-CONVERTIBLE DEBENTURE LETTER OF ALLOTMENT DATE OF MATURITY 26/03/2028.". 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, KALPATARU LIMITED, classified as N/A, 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) U45200MH1988PLC050144 further bolster its credibility. With a coupon rate of 18, this instrument has been meticulously managed with the assistance of Bigshare Services Pvt. 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 165. It was allotted on 3/27/2024 and is scheduled for redemption on 3/26/2028. 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: Escrow Account Post dated cheques of the Subscription Amount and the Fixed Return from the Company – 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 INE227J08025 having a coupon rate of 0.01% and the bond with ISIN INE227J07027 having a coupon rate of N/A and the bond with ISIN INE227J07035 having a coupon rate of N/A. 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.