Kashish Developers Limited
ACTIVE
ISIN: INE313P07014
Issuer Details
Issuer Name
KASHISH DEVELOPERS LIMITED
Type of Issuer
Non PSU
Sector
-
Coupon Rate
12%
Industry
-
Issuer nature
-
Corporate Identity Number (CIN)
U74300JH2001PLC012131
Name of the Lead Manager
-
Registrar
Skyline Financial Services P...
Name of Debenture Trustee
Catalyst Trusteeship Limited...
Instrument Details
Instrument name as on NSDL
12% SECURED UNRATED UNLISTED...
Face Value (in ₹)
1000000
Total Issue size( in ₹ Cr.)
272
Category of Instrument
OTHERS
Allotment Date
25-02-2023
Redemption Date
25-02-2029
Whether Secured or Unsecured
Secured
Put Option Date
-
Call Option Date
-
Seniority in Repayment
Senior
Security Measures
Asset Coverage
-
Asset Percentage
-
Details of Asset Cover
First ranking charge by way of hypothecation over the receivables of sold unsold units excluding Tower E4 E5 E6
Asset Type
Details of the security
Others, Please Specify
Share pledge of Kashish Developer Limited Confirmation from the KDL that the balance shares will not be transferred or pledged without the prior approval of the investor
Current Assets
First ranking charge by way of hypothecation over the receivables of sold unsold units excluding Tower E4 E5 E6
Current Assets
First ranking charge by way of hypothecation of all the current and non current assets of mortgaged Assets
Non-Current Investments
First ranking charge by way of hypothecation of all the current and non current assets of mortgaged Assets
Tangible Assets
First Ranking charge on all assets pertaining to the mortgaged Assets including receivables, bank accounts, documents, authorizations pertaining to the Project insurance policies etc
Immovable Assets
First ranking charge through equitable mortgage by way of registered MoE of 1. Project land admeasuring 14.8 Acres 2. Development rights FSI of the Project including TDR ancillary additional premium FSI along with all structures and construction on the Project Area and common area of units excluding proposed Tower E4 E5 E6 under the ToD Scheme 3. Unsold inventory approved and proposed and all structures construction of the Project 4. All structures and construction on the Project Land excludi
Others, Please Specify
Share pledge of Vinman Constructions Ltd & Elite Villas Ltd
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About Kashish Developers Limited bond with ISIN: INE313P07014
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 INE313P07014, represents a significant financial instrument. Issued by KASHISH DEVELOPERS LIMITED, it comes with the following description: "12% SECURED UNRATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBNTURES LETTER OF ALLOTMENT DATE OF MATURITY 25/02/2029.". 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, KASHISH DEVELOPERS 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) U74300JH2001PLC012131 further bolster its credibility. With a coupon rate of 12, this instrument has been meticulously managed with the assistance of Skyline Financial Services Private Limited and under the oversight of Catalyst Trusteeship Limited (Formerly GDA Trusteeship Limited), ensuring a strong operational framework. Examining the technical specifications, the bond’s face value is 1000000 with an issue size of 272. It was allotted on 2/25/2023 and is scheduled for redemption on 2/25/2029. Categorized under "OTHERS" 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: First ranking charge by way of hypothecation over the receivables of sold unsold units excluding Tower E4 E5 E6 – 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. No similar bonds are listed at this time. 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.