Palchin Real Estates Private Limited
ACTIVE
ISIN: INE0GB007017
Issuer Details
Issuer Name
PALCHIN REAL ESTATES PRIVATE...
Type of Issuer
Non PSU
Sector
-
Coupon Rate
12%
Industry
-
Issuer nature
Other
Corporate Identity Number (CIN)
U70200MH1995PTC084751
Name of the Lead Manager
-
Registrar
Link Intime India Private Li...
Name of Debenture Trustee
Vistra ITCL (India) Limited
Instrument Details
Instrument name as on NSDL
12% SECURED UNRATED UNLISTED...
Face Value (in ₹)
578222.222
Total Issue size( in ₹ Cr.)
450
Category of Instrument
PLAIN VANILLA DEBENTURES
Allotment Date
29-10-2022
Redemption Date
29-10-2027
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
Pledge on 63,79,699 Equity shares and 2,49,201 compulsory convertible preference shares 1,37,565 compulsory convertible debentures of Manjri Developers Private Limited
Asset Type
Details of the security
Movable Asset
As mentioned in the DTD Hypothecated properties more particularly prescribed in DTD Schedule 18
Immovable Assets
Immovable assets more particularly prescribed in DTD at Schedule 17
Movable Asset
Pledge on 63,79,699 Equity shares and 2,49,201 compulsory convertible preference shares 1,37,565 compulsory convertible debentures of Manjri Developers Private Limited
Movable Asset
Pledge on 13000 Equity Shares Delphi Properties Private Limited
Movable Asset
Pledge on 94,999 Equity Shares of Floreat Investments Private Limited
Movable Asset
Pledge on 50000 Equity Shares and 51,50,000 compulsorily convertible preference shares of Palchin Real Estates Private Limited
Movable Asset
Pledge on 13000 Equity Shares of Gossip Properties Private Limited
Movable Asset
Pledge on 2400 Equity Shares of Shapoorji Pallonji Real Estate Private Limited
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About Palchin Real Estates Private Limited bond with ISIN: INE0GB007017
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 INE0GB007017, represents a significant financial instrument. Issued by PALCHIN REAL ESTATES PRIVATE LIMITED, it comes with the following description: "12% SECURED UNRATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURES.SERIES A. DATE OF MATURITY 29/10/2027". 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, PALCHIN REAL ESTATES 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) U70200MH1995PTC084751 further bolster its credibility. With a coupon rate of 12, this instrument has been meticulously managed with the assistance of Link Intime India Private Limited,Mumbai and under the oversight of Vistra ITCL (India) Limited, ensuring a strong operational framework. Examining the technical specifications, the bond’s face value is 578222.222 with an issue size of 450. It was allotted on 10/29/2022 and is scheduled for redemption on 10/29/2027. 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: Pledge on 63,79,699 Equity shares and 2,49,201 compulsory convertible preference shares 1,37,565 compulsory convertible debentures of Manjri Developers Private Limited – 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 INE0GB007033 having a coupon rate of 12% and the bond with ISIN INE0GB007025 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.