Kn Highways Development Private Limited
ACTIVE
ISIN: INE07KR07014
Issuer Details
Issuer Name
KN HIGHWAYS DEVELOPMENT PRIV...
Type of Issuer
Non PSU
Sector
-
Coupon Rate
12%
Industry
-
Issuer nature
Other
Corporate Identity Number (CIN)
U45209MH2018PLC311985
Name of the Lead Manager
-
Registrar
Bigshare Services Pvt. Limit...
Name of Debenture Trustee
-
Instrument Details
Instrument name as on NSDL
12% SECURED UNRATED UNLISTED...
Face Value (in ₹)
100000
Total Issue size( in ₹ Cr.)
200
Category of Instrument
PLAIN VANILLA DEBENTURES
Allotment Date
13-09-2023
Redemption Date
01-05-2030
Whether Secured or Unsecured
Secured
Put Option Date
-
Call Option Date
-
Seniority in Repayment
-
Security Measures
Asset Coverage
Principal
Asset Percentage
100%
Details of Asset Cover
Personal Guarantee of Mr. Dinesh R. Nayak, Mrs. Deepa D. Nayak, Mr. Abhishek D. Nayak and Mr. Aniruddh D. Nayak 2. Corporate Guarantee of DRN Infrastructure P. Ltd. and DRN Hospitalities P. Ltd
Asset Type
Details of the security
Current Assets
first ranking exclusive charge on Current Assets of the Issuer
Others, Please Specify
Personal Guarantee of Mr. Dinesh R. Nayak, Mrs. Deepa D. Nayak, Mr. Abhishek D. Nayak and Mr. Aniruddh D. Nayak 2. Corporate Guarantee of DRN Infrastructure P. Ltd. and DRN Hospitalities P. Ltd
Movable Asset
first ranking exclusive charge movable assets of the Issuer, including but not limited to fixed movable assets, movable plant and machinery, machinery spares, tools and accessories, furniture, fixtures, vehicles and all other movable assets pertaining to the Project
Intangible Assets
first ranking exclusive charge of the Intellectual Property
Non-Current Investments
first ranking exclusive pledge by each Pledgor over 100 percent of equity shares of KN Highways Development Pvt Ltd. A first ranking exclusive pledge by each Pledgor over 51 percent of equity shares of DRN Infrastructure Pvt Ltd
Trust & Retention Account /Escrow Accounts
first ranking exclusive charge on the Accounts Project Escrow Accounts the relevant Account Assets the Receivables and all funds deposited therein all non fund based reserves and the Permitted Investments other securities representing all amounts credited into Issuer Escrow Accounts and Project Escrow Accounts. First ranking charge on YHPL Escrow Account relevant Account Assets and charge over the entire Subordinated Debt and investments made by DRNIPL in Issuer
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About Kn Highways Development Private Limited bond with ISIN: INE07KR07014
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 INE07KR07014, represents a significant financial instrument. Issued by KN HIGHWAYS DEVELOPMENT PRIVATE LIMITED, it comes with the following description: "12% SECURED UNRATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURES DATE OF MATURITY 01/05/2030". 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, KN HIGHWAYS DEVELOPMENT 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) U45209MH2018PLC311985 further bolster its credibility. With a coupon rate of 12, this instrument has been meticulously managed with the assistance of Bigshare Services Pvt. Limited and under the oversight of N/A, ensuring a strong operational framework. Examining the technical specifications, the bond’s face value is 100000 with an issue size of 200. It was allotted on 9/13/2023 and is scheduled for redemption on 5/1/2030. 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: Personal Guarantee of Mr. Dinesh R. Nayak, Mrs. Deepa D. Nayak, Mr. Abhishek D. Nayak and Mr. Aniruddh D. Nayak 2. Corporate Guarantee of DRN Infrastructure P. Ltd. and DRN Hospitalities P. Ltd – 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 INE005X08018 having a coupon rate of 9% and the bond with ISIN INE002Z08077 having a coupon rate of N/A and the bond with ISIN INE0NO807016 having a coupon rate of 16% and the bond with ISIN INE003S07247 having a coupon rate of 9.3%. 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.