Meriland Estates Private Limited
INACTIVE
ISIN: INE0I1P07021
Issuer Details
Issuer Name
MERILAND ESTATES PRIVATE LIM...
Type of Issuer
Non PSU
Sector
-
Coupon Rate
12%
Industry
-
Issuer nature
Other
Corporate Identity Number (CIN)
U70100MH1998PTC114759
Name of the Lead Manager
-
Registrar
Link Intime India Private Li...
Name of Debenture Trustee
IDBI Trusteeship Services Li...
Instrument Details
Instrument name as on NSDL
12% SECURED UNRATED UNLISTED...
Face Value (in ₹)
1000000
Total Issue size( in ₹ Cr.)
85
Category of Instrument
PLAIN VANILLA DEBENTURES
Allotment Date
31-05-2023
Redemption Date
31-05-2025
Whether Secured or Unsecured
Secured
Put Option Date
-
Call Option Date
-
Seniority in Repayment
Senior
Security Measures
Asset Coverage
Principal
Asset Percentage
167%
Details of Asset Cover
charge by way of mortgage over Vicinia Residential Project of Paikar Real Estates Private Limited PREPL in accordance with the terms of the Debenture Trust Deed and relevant documents in the form and manner satisfactory to the Debenture Trustee.
Asset Type
Details of the security
Immovable Assets
charge by way of mortgage over identified immovable properties i.e. 7.3 acres land at Hinjewadi, Pune of Galina Consultancy Services Pvt Ltd GCSPL in accordance with the terms of the Debenture Trust Deed and mortgage documents and in the form and manner satisfactory to the Debenture Trustee
Immovable Assets
charge by of mortgage over identified immovable properties i.e. Four commercial offices at SP Infocity Pune of Supra Warehousing Pvt ltd SWPL in accordance with the terms of the Debenture Trust Deed and mortgage documents and in the form and manner satisfactory to the Debenture Trustee
Immovable Assets
charge by way of registered mortgage over identified immovable properties i.e. 13.6 acres land at Pune of Honcho Properties Private Limited HPPL in accordance with the terms of the Debenture Trust Deed and mortgage documents and in the form and manner satisfactory to the Debenture Trustee
Immovable Assets
charge by way of mortgage over Vicinia Residential Project of Paikar Real Estates Private Limited PREPL in accordance with the terms of the Debenture Trust Deed and relevant documents in the form and manner satisfactory to the Debenture Trustee.
Movable Asset
Charge by way of Hypothecation over mentioned immovable properties , Escrow bank accounts & DSRA
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About Meriland Estates Private Limited bond with ISIN: INE0I1P07021
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 INE0I1P07021, represents a significant financial instrument. Issued by MERILAND ESTATES PRIVATE LIMITED, it comes with the following description: "12% SECURED UNRATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURES DATE OF MATURITY 31/05/2025". Although the bond is currently marked as inactive, its structure and historical context provide valuable insights into the world of debentures and non-convertible securities. The issuer, MERILAND ESTATES 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) U70100MH1998PTC114759 further bolster its credibility. With a coupon rate of 12, this instrument has been meticulously managed with the assistance of Link Intime India Private Limited,Mumbai 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 85. It was allotted on 5/31/2023 and is scheduled for redemption on 5/31/2025. 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: charge by way of mortgage over Vicinia Residential Project of Paikar Real Estates Private Limited PREPL in accordance with the terms of the Debenture Trust Deed and relevant documents in the form and manner satisfactory to the Debenture Trustee. – 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 INE0I1P07013 having a coupon rate of 12%. 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.