Pahal Financial Services Private Limited
ACTIVE
ISIN: INE514Q07346
Issuer Details
Issuer Name
PAHAL FINANCIAL SERVICES PRI...
Type of Issuer
Non PSU
Sector
Financial Services
Coupon Rate
14%
Industry
Finance
Issuer nature
NBFC
Corporate Identity Number (CIN)
U65910GJ1994PTC082668
Name of the Lead Manager
-
Registrar
Skyline Financial Services P...
Name of Debenture Trustee
Catalyst Trusteeship Limited...
Instrument Details
Instrument name as on NSDL
14% SECURED RATED LISTED RED...
Face Value (in ₹)
100000
Total Issue size( in ₹ Cr.)
13.6
Category of Instrument
PLAIN VANILLA DEBENTURES
Allotment Date
03-05-2024
Redemption Date
30-04-2026
Whether Secured or Unsecured
Secured
Put Option Date
-
Call Option Date
-
Seniority in Repayment
Senior
Security Measures
Asset Coverage
Principal
Asset Percentage
110%
Details of Asset Cover
The Debenture Holder shall have first ranking exclusive and continuing charge by way of Hypothecation on Identified Receivables, including and not limited to book debts, accounts receivables, outstanding moneys, claims, demands, bills, contracts, engagements, securities and other sums which are now due and owing or accruing and which may at any time hereafter during the continuance of the Security may become due and owing to the Company from time to time.
Asset Type
Details of the security
Book Debts / Receivables
The Debenture Holder shall have first ranking exclusive and continuing charge by way of Hypothecation on Identified Receivables, including and not limited to book debts, accounts receivables, outstanding moneys, claims, demands, bills, contracts, engagements, securities and other sums which are now due and owing or accruing and which may at any time hereafter during the continuance of the Security may become due and owing to the Company from time to time.
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About Pahal Financial Services Private Limited bond with ISIN: INE514Q07346
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 INE514Q07346, represents a significant financial instrument. Issued by PAHAL FINANCIAL SERVICES PRIVATE LIMITED, it comes with the following description: "14% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE DATE OF MATURITY 30/04/2026". 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, PAHAL FINANCIAL SERVICES 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) U65910GJ1994PTC082668 further bolster its credibility. With a coupon rate of 14, 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 100000 with an issue size of 13.6. It was allotted on 5/3/2024 and is scheduled for redemption on 4/30/2026. 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. The bond carries a credit rating of BBB- as provided by INDIA RATING AND RESEARCH PVT. LTD. In the market, ratings typically range from D to AAA, and a rating of BBB- is generally considered to be on the riskier end of the spectrum. 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: The Debenture Holder shall have first ranking exclusive and continuing charge by way of Hypothecation on Identified Receivables, including and not limited to book debts, accounts receivables, outstanding moneys, claims, demands, bills, contracts, engagements, securities and other sums which are now due and owing or accruing and which may at any time hereafter during the continuance of the Security may become due and owing to the Company from time to time. – 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. The bond is supported by a variety of documents including Shelf Prospectus/Information Memorandum/Offer Documents/Tranches/Series, INDIA RATING AND RESEARCH PVT. LTD_29-10-2024. 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 INE514Q07239 having a coupon rate of 11.42% and the bond with ISIN INE514Q07320 having a coupon rate of 12% and the bond with ISIN INE514Q07304 having a coupon rate of 13.3% and the bond with ISIN INE514Q07353 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.