Omaxe Pancham Realcon Private Limited
ACTIVE
ISIN: INE0NT307012
Issuer Details
Issuer Name
OMAXE PANCHAM REALCON PRIVAT...
Type of Issuer
Non PSU
Sector
Realty
Coupon Rate
-
Industry
Realty
Issuer nature
Other
Corporate Identity Number (CIN)
U45400DL2008PTC179473
Name of the Lead Manager
-
Registrar
Skyline Financial Services P...
Name of Debenture Trustee
SBICAP Trustee Company Limit...
Instrument Details
Instrument name as on NSDL
SECURED UNRATED UNLISTED RED...
Face Value (in ₹)
1000000
Total Issue size( in ₹ Cr.)
60.4
Category of Instrument
PLAIN VANILLA DEBENTURES
Allotment Date
24-11-2023
Redemption Date
23-11-2026
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
Second ranking charge by way of hypothecation of all current and non current moveable assets, whether tangible or intangible, pertaining to the Mohali Project (including receivables, bank accounts, Project Documents, authorisations pertaining to the Mohali Project, the insurance policies pertaining to the Mohali Project, and the receivables of Omaxe New Chandigarh Developers Private Limited and escrow accounts of Mohali Project
Asset Type
Details of the security
Immovable Assets
Second ranking charge by way of mortgage by deposit of title deeds on the Mohali Project 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 construction on the Mohali Project 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)
Others, Please Specify
Non Disposal Undertaking for 100% equity shares of the Company, Utkrisht Real Estate & Associates Private Limited, Satkar Colonisers Private Limited, Omaxe New Chandigarh Developers Private Limited and 70% equity shares of Beautiful Landbase Private Limited. The Obligors shall ensure equity shares are in dematerialized form prior to 1st disbursement and shall share the holding statement on 1st day of every month confirming no pledge or dilution.
Current Assets
Second ranking charge by way of hypothecation of all current and non current moveable assets, whether tangible or intangible, pertaining to the Mohali Project (including receivables, bank accounts, Project Documents, authorisations pertaining to the Mohali Project, the insurance policies pertaining to the Mohali Project, and the receivables of Omaxe New Chandigarh Developers Private Limited and escrow accounts of Mohali Project
Current Assets
First ranking charge by way of hypothecation of all current and non current moveable assets, present and future, whether tangible or intangible, pertaining to the Project (including receivables, bank accounts, Project Documents, rights/ interests of the Company, insurance policies, authorizations, pertaining to the Project), and the receivables of the Company and Escrow Accounts.
Immovable Assets
First ranking charge by way of mortgage by deposit of title deeds on the Project Land consisting of 304 residential Units with a saleable area of 5,60,680 sq. ft. along with all development rights in respect of the Project and all structures and construction 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 share in common area of such Sold Units)
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About Omaxe Pancham Realcon Private Limited bond with ISIN: INE0NT307012
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 INE0NT307012, represents a significant financial instrument. Issued by OMAXE PANCHAM REALCON PRIVATE LIMITED, it comes with the following description: "SECURED UNRATED UNLISTED REDEEMABLE NON-CONVERTIBLE DEBENTURE. DATE OF MATURITY 23/11/2026.". 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 PANCHAM REALCON 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) U45400DL2008PTC179473 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 SBICAP Trustee Company Limited, ensuring a strong operational framework. Examining the technical specifications, the bond’s face value is 1000000 with an issue size of 60.4. It was allotted on 11/24/2023 and is scheduled for redemption on 11/23/2026. 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: Second ranking charge by way of hypothecation of all current and non current moveable assets, whether tangible or intangible, pertaining to the Mohali Project (including receivables, bank accounts, Project Documents, authorisations pertaining to the Mohali Project, the insurance policies pertaining to the Mohali Project, and the receivables of Omaxe New Chandigarh Developers Private Limited and escrow accounts of Mohali Project – 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.