Lumbini Education Private Limited
ACTIVE
ISIN: INE0QVA07019
Issuer Details
Issuer Name
LUMBINI EDUCATION PRIVATE LI...
Type of Issuer
Non PSU
Sector
Consumer Services
Coupon Rate
16%
Industry
Other Consumer Services
Issuer nature
Other
Corporate Identity Number (CIN)
U85500RJ2023PTC086224
Name of the Lead Manager
-
Registrar
-
Name of Debenture Trustee
Vistra ITCL (India) Limited
Instrument Details
Instrument name as on NSDL
16% SECURED RATED LISTED RED...
Face Value (in ₹)
100000
Total Issue size( in ₹ Cr.)
20
Category of Instrument
PLAIN VANILLA DEBENTURES
Allotment Date
07-06-2024
Redemption Date
31-03-2027
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 and pari passu charge over the JU Mortgaged Assets, NSERD Mortgaged Assets and Personal Property of Mr. OP Agrawal
Asset Type
Details of the security
Others, Please Specify
First ranking and pari passu charge, in such manner as maybe acceptable to the Debenture Trustee (acting on the written instructions of the Majority Debenture Holders), over the JU Mortgaged Assets, NSERD Mortgaged Assets and Personal Property of Mr. OP Agrawal
Book Debts / Receivables
First ranking and pari passu charge over the JU and NSERD Hypothecated Assets by JU and NSERD
Others, Please Specify
Irrevocable and unconditional personal guarantee of each of the Personal Guarantors
Others, Please Specify
Such other Security Interest as the Debenture Trustee / Debenture Holders may require
Movable Asset
First ranking and pari passu pledge over the 100% issued and paid up share capital of the Company
Others, Please Specify
First ranking and pari passu charge over the JU and NSERD Hypothecated Assets by JU and NSERD
Immovable Assets
First ranking and pari passu charge over the JU Mortgaged Assets, NSERD Mortgaged Assets and Personal Property of Mr. OP Agrawal
Trust & Retention Account /Escrow Accounts
Escrow Agreement executed for maintenance of Company Escrow Accounts and JU and NSERD Escrow Accounts
Others, Please Specify
First ranking and pari passu pledge over the 100% issued and paid up share capital of the Company
Book Debts / Receivables
First ranking and pari passu charge over the Company Hypothecated Assets
Others, Please Specify
Irrevocable and unconditional guarantee of each of JU and NSERD
Others, Please Specify
First ranking and pari passu pledge over the 100% issued and paid up share capital of the Company
Others, Please Specify
Irrevocable and unconditional guarantee of each of JU and NSERD
Others, Please Specify
Escrow Agreement executed for maintenance of Company Escrow Accounts and JU and NSERD Escrow Accounts
Others, Please Specify
Irrevocable and unconditional personal guarantee of each of the Personal Guarantors
Others, Please Specify
First ranking and pari passu charge over the Company Hypothecated Assets
Others, Please Specify
One undated cheque marked Not Exceeding INR 20cr provided by the Guarantors
Others, Please Specify
Demand Promissory Note by the Company
Others, Please Specify
Irrevocable and unconditional guarantee of each of JU and NSERD
Others, Please Specify
Such other Security Interest as the Debenture Trustee / Debenture Holders may require.
Others, Please Specify
Escrow Agreement executed for maintenance of Company Escrow Accounts and JU and NSERD Escrow Accounts
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About Lumbini Education Private Limited bond with ISIN: INE0QVA07019
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 INE0QVA07019, represents a significant financial instrument. Issued by LUMBINI EDUCATION PRIVATE LIMITED, it comes with the following description: "16% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE. DATE OF MATURITY 31/03/2027.". 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, LUMBINI EDUCATION 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) U85500RJ2023PTC086224 further bolster its credibility. With a coupon rate of 16, this instrument has been meticulously managed with the assistance of N/A and under the oversight of Vistra ITCL (India) Limited, ensuring a strong operational framework. Examining the technical specifications, the bond’s face value is 100000 with an issue size of 20. It was allotted on 6/7/2024 and is scheduled for redemption on 3/31/2027. 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. The bond carries a credit rating of BBB- as provided by CRISIL RATINGS LIMITED. In the market, ratings typically range from D to AAA, and a rating of BBB- is generally considered to be on the riskier end of the spectrum. 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 and pari passu charge over the JU Mortgaged Assets, NSERD Mortgaged Assets and Personal Property of Mr. OP Agrawal – 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. The bond is supported by a variety of documents including Shelf Prospectus/Information Memorandum/Offer Documents/Tranches/Series, CRISIL RATINGS LIMITED_27-11-2023, CRISIL RATINGS LIMITED_-, CRISIL RATINGS LIMITED_-. 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.