Lavim Developers Private Limited
ACTIVE
ISIN: INE0CH207011
Issuer Details
Issuer Name
LAVIM DEVELOPERS PRIVATE LIM...
Type of Issuer
Non PSU
Sector
Realty
Coupon Rate
-
Industry
Realty
Issuer nature
Other
Corporate Identity Number (CIN)
U45202PN1997PTC106762
Name of the Lead Manager
-
Registrar
Link Intime India Private Li...
Name of Debenture Trustee
Catalyst Trusteeship Limited...
Instrument Details
Instrument name as on NSDL
18.5% RESET RATE SECURED UNR...
Face Value (in ₹)
1000000
Total Issue size( in ₹ Cr.)
55
Category of Instrument
PLAIN VANILLA DEBENTURES
Allotment Date
20-08-2024
Redemption Date
19-02-2029
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 ranking charge on all tangible property of the Company and PSCL including movable plant and machinery, its spares, tools and accessories, furniture, fixtures, etc, in connection to the projects.
Asset Type
Details of the security
Movable Asset
first ranking charge on all tangible property of the Company and PSCL including movable plant and machinery, its spares, tools and accessories, furniture, fixtures, etc, in connection to the projects.
Others, Please Specify
Personal and Corporate guarantee as per transaction documents.
Current Assets
Overall bank accounts in relation to the projects (including sub accounts), all funds deposited therein from time to time, all investments or other securities made out of such monies, excluding the monies constituting pass through charges as particularly described in transaction documents.
Immovable Assets
first ranking charge by way of mortgage on all immovable property of Paranjape Schemes (Construction) Limited ("PSCL") both present and future, in relation to the project Athashri and Project Broadway (including project land, constructed area, unsold units and future receivable from sold and unsold units of the mentioned projects)
Others, Please Specify
Pledge of 100% shares of the Lavim Developers Private Limtied held by PSCL (Dematerialised and unencumbered )
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About Lavim Developers Private Limited bond with ISIN: INE0CH207011
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 INE0CH207011, represents a significant financial instrument. Issued by LAVIM DEVELOPERS PRIVATE LIMITED, it comes with the following description: "18.5% RESET RATE SECURED UNRATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURE SERIES A DATE OF MATURITY 19/02/2029". 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, LAVIM DEVELOPERS 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) U45202PN1997PTC106762 further bolster its credibility. With a coupon rate of N/A, this instrument has been meticulously managed with the assistance of Link Intime India Private Limited,Mumbai 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 55. It was allotted on 8/20/2024 and is scheduled for redemption on 2/19/2029. 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 ranking charge on all tangible property of the Company and PSCL including movable plant and machinery, its spares, tools and accessories, furniture, fixtures, etc, in connection to the projects. – 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.