Kanakia Spaces Realty Private Limited
ACTIVE
ISIN: INE777I07114
Issuer Details
Issuer Name
KANAKIA SPACES REALTY PRIVAT...
Type of Issuer
Non PSU
Sector
Construction
Coupon Rate
Underlying%
Industry
Construction
Issuer nature
Other
Corporate Identity Number (CIN)
U45201MH2004PTC146948
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
RESET RATE SECURED UNRATED U...
Face Value (in ₹)
2500000
Total Issue size( in ₹ Cr.)
21
Category of Instrument
PLAIN VANILLA DEBENTURES
Allotment Date
05-09-2024
Redemption Date
04-10-2025
Whether Secured or Unsecured
Secured
Put Option Date
-
Call Option Date
-
Seniority in Repayment
Senior
Security Measures
Asset Coverage
Principal
Asset Percentage
250%
Details of Asset Cover
Pledge of shares of value equivalent to 2.5 times of shares of Cineline India Limited
Asset Type
Details of the security
Non-Current Investments
First ranking hypothecation by way of floating charge over non current investments
Intangible Assets
Personal Guarantee of Mr. Rasesh Kanakia
Intangible Assets
Pledge of shares of value equivalent to 2.5 times of shares of Cineline India Limited
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.
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About Kanakia Spaces Realty Private Limited bond with ISIN: INE777I07114
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 INE777I07114, represents a significant financial instrument. Issued by KANAKIA SPACES REALTY PRIVATE LIMITED, it comes with the following description: "RESET RATE SECURED UNRATED UNLISTED REDEEMABLE NON-CONVERTIBLE DEBENTURE DATE OF MATURITY 04/10/2025.". 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, KANAKIA SPACES REALTY 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) U45201MH2004PTC146948 further bolster its credibility. With a coupon rate of Underlying, 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 2500000 with an issue size of 21. It was allotted on 9/5/2024 and is scheduled for redemption on 10/4/2025. 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 of shares of value equivalent to 2.5 times of shares of Cineline India Limited – 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 INE777I07080 having a coupon rate of 11.5% and the bond with ISIN INE777I07064 having a coupon rate of 14% and the bond with ISIN INE777I07049 having a coupon rate of 14% and the bond with ISIN INE777I07098 having a coupon rate of 10%. 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.