Labdhi Bliss Private Limited
ACTIVE
ISIN: INE0QUJ07020
Issuer Details
Issuer Name
LABDHI BLISS PRIVATE LIMITED
Type of Issuer
Non PSU
Sector
Construction
Coupon Rate
12%
Industry
Construction
Issuer nature
Other
Corporate Identity Number (CIN)
U70109MH2023PTC396956
Name of the Lead Manager
-
Registrar
Integrated Enterprises (Indi...
Name of Debenture Trustee
IDBI Trusteeship Services Li...
Instrument Details
Instrument name as on NSDL
12% IRR SECURED UNRATED UNLI...
Face Value (in ₹)
1000000
Total Issue size( in ₹ Cr.)
120
Category of Instrument
PLAIN VANILLA DEBENTURES
Allotment Date
16-08-2024
Redemption Date
16-02-2029
Whether Secured or Unsecured
Secured
Put Option Date
-
Call Option Date
-
Seniority in Repayment
Senior
Security Measures
Asset Coverage
Principal + Interest
Asset Percentage
100%
Details of Asset Cover
First and exclusive charge by way of hypothecation over all current and non current assets pertaining to Project Land (both present and future)
Asset Type
Details of the security
Book Debts / Receivables
First and exclusive charge by way of hypothecation over the Receivables
Trust & Retention Account /Escrow Accounts
Undertaking from Sponsor 1 and Sponsor 2 to route all sales proceeds and other cashflow from the RERA account to the Escrow Account, in a form satisfactory to the Debenture Holders
Immovable Assets
First and exclusive charge by way of hypothecation over all current and non current assets pertaining to Project Land (both present and future)
Current Assets
Demand promissory note and undated cheques issued by the Company
Movable Asset
First and exclusive charge by way of hypothecation over all assets pertaining to the Project (both present and future), including the bank accounts, documents, authorizations, insurance policies, as per the terms agreed under the Hypothecation Deed
Others, Please Specify
First and exclusive pledge on 100% (one hundred percent) shareholding of the Company held by Sponsor 1 and Sponsor 3, as per the terms agreed under the Pledge Agreement , Personal Guarantees furnished by Sponsor 1 and Sponsor 2 in form of satisfactory to the debenture Holders, Corporate gurantee furnished by Sponsor 3, in a form satisfactory to the Debenture holder, Such other Security as may be required by the Debenture Trustee from time to time
Intangible Assets
First and exclusive charge by way of registered mortgage on (i) all the rights and entitlement of the Company under the letter of intent (ii) all the development rights in respect of the Project and any future potential of the Project (including but not limited to ancilliary/ additional/ premium FSI and/or TDR and (iii) all the structures and construction on the Project Land, along with common area, excluding Sold Units and proportionate share of the Sold Units and Rehab Units in the common are
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About Labdhi Bliss Private Limited bond with ISIN: INE0QUJ07020
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 INE0QUJ07020, represents a significant financial instrument. Issued by LABDHI BLISS PRIVATE LIMITED, it comes with the following description: "12% IRR SECURED UNRATED UNLISTED REDEEMABLE NON-CONVERTIBLE DEBENTURE DATE OF MATURITY 16/02/2029". 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, LABDHI BLISS 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) U70109MH2023PTC396956 further bolster its credibility. With a coupon rate of 12, this instrument has been meticulously managed with the assistance of Integrated Enterprises (India) Ltd., Bangalore and under the oversight of IDBI Trusteeship Services Limited, ensuring a strong operational framework. Examining the technical specifications, the bond’s face value is 1000000 with an issue size of 120. It was allotted on 8/16/2024 and is scheduled for redemption on 2/16/2029. 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: First and exclusive charge by way of hypothecation over all current and non current assets pertaining to Project Land (both present and future) – 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 INE0QUJ07012 having a coupon rate of 18%. 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.