Muktistar Buildcon Private Limited
ACTIVE
ISIN: INE0LB707015
Issuer Details
Issuer Name
MUKTISTAR BUILDCON PRIVATE L...
Type of Issuer
Non PSU
Sector
-
Coupon Rate
12%
Industry
-
Issuer nature
Other
Corporate Identity Number (CIN)
U45309MH2022PTC376197
Name of the Lead Manager
-
Registrar
-
Name of Debenture Trustee
Catalyst Trusteeship Limited...
Instrument Details
Instrument name as on NSDL
12.00%I RR SECURED UNRATED U...
Face Value (in ₹)
1000000
Total Issue size( in ₹ Cr.)
46.5
Category of Instrument
PLAIN VANILLA DEBENTURES
Allotment Date
06-09-2022
Redemption Date
06-09-2025
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 over development rights / FSI with respect to the Project Land
Asset Type
Details of the security
Movable Asset
First ranking charge over development rights / FSI with respect to the Project Land
Others, Please Specify
Undertaking from Promoters to route all sales proceeds and other cashflow including from RERA Account to the Escrow Account (charged in favour of SWAMIH Investment Fund I)
Others, Please Specify
Personal Guarantee of Mr. Jitendra Gaikwad, Mrs. Vidya Jitendra Gaikwad and other shareholders of the new company where the project shall be moved.
Others, Please Specify
First charge by way of hypothecation of all the current and non current assets of the Project belonging to the Issuer
Others, Please Specify
First Ranking charge on all assets pertaining to the Project including receivables, bank accounts, documents, authorizations pertaining to the Project insurance policies etc
Others, Please Specify
Percent 100 Pledge of equity shares of the Issuer
Others, Please Specify
First charge by way of hypothecation over the Project receivables
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About Muktistar Buildcon Private Limited bond with ISIN: INE0LB707015
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 INE0LB707015, represents a significant financial instrument. Issued by MUKTISTAR BUILDCON PRIVATE LIMITED, it comes with the following description: "12.00%I RR SECURED UNRATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURES . DATE OF MATURITY 06/09/2025". 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, MUKTISTAR BUILDCON 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) U45309MH2022PTC376197 further bolster its credibility. With a coupon rate of 12, this instrument has been meticulously managed with the assistance of N/A 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 46.5. It was allotted on 9/6/2022 and is scheduled for redemption on 9/6/2025. 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: First ranking charge over development rights / FSI with respect to the Project Land – 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.