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  1. Home
  2. Ola Electric Mobilit...

Ola Electric Mobility Limited

ACTIVE

ISIN: INE0LXG07013

Issuer Details

Instrument Details

Security Measures

Cash Flow Schedule

Issuer Details


Issuer Name

OLA ELECTRIC MOBILITY LIMITE...

Type of Issuer

Non PSU

Sector

Automobile and Auto Componen...

Coupon Rate

13%

Industry

Automobiles

Issuer nature

Other

Corporate Identity Number (CIN)

U74999KA2017PLC099619

Name of the Lead Manager

-

Registrar

Link Intime India Private Li...

Name of Debenture Trustee

Axis Trustee Services Limite...

Instrument Details


Instrument name as on NSDL

13% SECURED UNRATED UNLISTED...

Face Value (in ₹)

100000

Total Issue size( in ₹ Cr.)

410

Category of Instrument

PLAIN VANILLA DEBENTURES

Allotment Date

22-03-2024

Redemption Date

22-03-2027

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

non disposal undertaking NDU 1 OET coupled with a power of attorney over such securities held by the Company in OET as more particularly described in the Debenture Trust Deed

Sr No.

Asset Type

Details of the security

1

Movable Asset

first ranking exclusive charge by way of hypothecation over the assets of the Company including but not limited to the moveable assets of the Company the DSRA the Accounts the Escrow Account the Fixed Assets the Intellectual Property Assets and the Current Assets, each as more particularly described in the deed of hypothecation to be executed by the Company in accordance with the terms of the Debenture Trust Deed

2

Others, Please Specify

non disposal undertaking over such securities held by the Company in Ola Cell Technologies Private Limited (a company validly existing under the provisions of the Companies Act, 2013 with corporate identity number U31900KA2022PTC163344 and having its registered office at 414/2, Ground Floor, Regent Insignia, 4th Block 17th Main Road, 100 Feet Road, Koramangala, Bangalore, Karnataka, India, 560034 and any reference to which shall unless repugnant to the context or meaning thereof,

3

Others, Please Specify

non disposal undertaking NDU 1 OET coupled with a power of attorney over such securities held by the Company in OET as more particularly described in the Debenture Trust Deed

4

Others, Please Specify

non disposal undertaking NDU 2 OET coupled with a power of attorney over such securities held by the Company in OET as more particularly described in the Debenture Trust Deed

5

Others, Please Specify

first ranking sole and exclusive pledge coupled with a power of attorney over such securities held by the Company in Ola Electric Technologies Private Limited

6

Others, Please Specify

any other security that may be required and acceptable to the Debenture Trustee (acting on the approval of the Debenture Holders) in accordance with the terms of the applicable Transaction Documents

Disclaimer: Tap Bonds gathers data directly from the respective OBPP websites but does not guarantee its accuracy. We do not offer investment advice or endorse the purchase of any securities mentioned, nor do we warrant the reliability of the information collected.

Similar Bonds

OLA ELECTRIC MOBILITY LIMITED

ISIN: INE0LXG07021

Coupon Rate

13%

Face Value (in ₹)

100000


OLA ELECTRIC MOBILITY LIMITED

ISIN: INE0LXG07039

Coupon Rate

13.8%

Face Value (in ₹)

100000


About Ola Electric Mobility Limited bond with ISIN: INE0LXG07013

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 INE0LXG07013, represents a significant financial instrument. Issued by OLA ELECTRIC MOBILITY LIMITED, it comes with the following description: "13% SECURED UNRATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURE DATE OF MATURITY 22/03/2027.". 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, OLA ELECTRIC MOBILITY 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) U74999KA2017PLC099619 further bolster its credibility. With a coupon rate of 13, this instrument has been meticulously managed with the assistance of Link Intime India Private Limited,Mumbai and under the oversight of Axis Trustee Services Limited, ensuring a strong operational framework. Examining the technical specifications, the bond’s face value is 100000 with an issue size of 410. It was allotted on 3/22/2024 and is scheduled for redemption on 3/22/2027. 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. 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: non disposal undertaking NDU 1 OET coupled with a power of attorney over such securities held by the Company in OET as more particularly described in the Debenture Trust Deed – 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 INE0LXG07021 having a coupon rate of 13% and the bond with ISIN INE0LXG07039 having a coupon rate of 13.8%. 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.

Disclaimer: The facts and information on this page are for information and awareness purposes only. No information provided here is intended towards any specific user and should not be construed as investment advice or a recommendation of any kind whatsoever. You are requested to consult with your professional investment advisor or tax advisor for specific directions on any investments in any securities including the bonds mentioned on this page before making any investment decision. Tap Bonds shall not be liable for any losses incurred by you based on an investment decision utilising the information.
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All information is sourced from public datasets.