Omaxe New Chandigarh Developers Private Limited
ACTIVE
ISIN: INE0NTM07023
Issuer Details
Issuer Name
OMAXE NEW CHANDIGARH DEVELOP...
Type of Issuer
Non PSU
Sector
Realty
Coupon Rate
-
Industry
Realty
Issuer nature
Other
Corporate Identity Number (CIN)
U00500DL2006PTC336617
Name of the Lead Manager
-
Registrar
Skyline Financial Services P...
Name of Debenture Trustee
Catalyst Trusteeship Limited...
Instrument Details
Instrument name as on NSDL
SECURED UNRATED UNLISTED RED...
Face Value (in ₹)
1000000
Total Issue size( in ₹ Cr.)
45.9
Category of Instrument
PLAIN VANILLA DEBENTURES
Allotment Date
09-05-2024
Redemption Date
08-05-2027
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 Disposable undertaking for 100% equity shares of Omaxe New Chandigarh Developers Private Limited. Irrevocable and unconditional personal guarantees of Mr. Rohtas Goel and Mr. Mohit Goel. Irrevocable and unconditional Corporate Guarantees of Omaxe Limited. (i) DPN (ii) Undated cheques (iii) Letter of Continuity and (iv) No lien to be created on up to 40% of promoters equity shares of Omaxe Ltd.
Asset Type
Details of the security
Immovable Assets
First ranking charge by way of mortgage by deposit of Title deeds on the Project Land consisting of 1,402 units with a salebale area of 27,90,030 Sq. Ft. along with all development rights in respect of the Projects and all structure and constructions on the Project land ( including proportionate share in common area) and all present and future development rights/FSI of the Company but excluding all Sold Units (Including proportionate shares in common area of such sold units).
Current Assets
Second ranking charge by way of hypothecation of all current and noncurrent movable assets, whether tangible or intangible, pertaining to "Resort Land" (including, receivables, bank accounts, project documentation, authorization, pertaining to "Resort Land", the insurance policies pertaining to "Resort Land", and the receivables of Omaxe New Chandigarh Developers Private Limited and escrow account of "Resort Land".
Current Assets
First ranking charge by way of hypothecation of all current and non current movable assets, whether tangible or intangible, pertaining to The Lake Project ( including, receivables, bank accounts, project documentation, authorisation, pertaining to the Lake Project, the insurance policies pertaining to the Lake project, and the receivables of Omaxe New Chandigarh Developers Private Limited and escrow account of Lake Project.
Others, Please Specify
Non Disposable undertaking for 100% equity shares of Omaxe New Chandigarh Developers Private Limited. Irrevocable and unconditional personal guarantees of Mr. Rohtas Goel and Mr. Mohit Goel. Irrevocable and unconditional Corporate Guarantees of Omaxe Limited. (i) DPN (ii) Undated cheques (iii) Letter of Continuity and (iv) No lien to be created on up to 40% of promoters equity shares of Omaxe Ltd.
Immovable Assets
Second ranking Charge by way of mortarge by deposit of title deed on "Resort Land" Land consisting of 712 residential units with a saleable area of 9,84,998 Sq. Ft. along with all development rights and all structures and constructions of "Resort Land" Land and all present and future development rights/FSI of Omaxe New Chandigarh Developers Private Limited but excluding all sold units of Mohali Project (Including proportionate share in common area of sold units)
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About Omaxe New Chandigarh Developers Private Limited bond with ISIN: INE0NTM07023
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 INE0NTM07023, represents a significant financial instrument. Issued by OMAXE NEW CHANDIGARH DEVELOPERS PRIVATE LIMITED, it comes with the following description: "SECURED UNRATED UNLISTED REDEEMABLE NON-CONVERTIBLE DEBENTURE DATE OF MATURITY 08/05/2027.". 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, OMAXE NEW CHANDIGARH 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) U00500DL2006PTC336617 further bolster its credibility. With a coupon rate of N/A, this instrument has been meticulously managed with the assistance of Skyline Financial Services Private Limited 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 45.9. It was allotted on 5/9/2024 and is scheduled for redemption on 5/8/2027. 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 Disposable undertaking for 100% equity shares of Omaxe New Chandigarh Developers Private Limited. Irrevocable and unconditional personal guarantees of Mr. Rohtas Goel and Mr. Mohit Goel. Irrevocable and unconditional Corporate Guarantees of Omaxe Limited. (i) DPN (ii) Undated cheques (iii) Letter of Continuity and (iv) No lien to be created on up to 40% of promoters equity shares of Omaxe Ltd. – 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 INE0NTM07015 having a coupon rate of N/A. 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.