Paranjape Schemes (construction) Ltd
ACTIVE
ISIN: INE694I07202
Issuer Details
Issuer Name
PARANJAPE SCHEMES (CONSTRUCT...
Type of Issuer
Non PSU
Sector
-
Coupon Rate
-
Industry
-
Issuer nature
Other
Corporate Identity Number (CIN)
U70100MH1987PLC044721
Name of the Lead Manager
-
Registrar
Link Intime India Private Li...
Name of Debenture Trustee
IDBI Trusteeship Services Li...
Instrument Details
Instrument name as on NSDL
SECURED UNRATED UNLISTED RED...
Face Value (in ₹)
1000000
Total Issue size( in ₹ Cr.)
101
Category of Instrument
PLAIN VANILLA DEBENTURES
Allotment Date
23-02-2023
Redemption Date
22-11-2025
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
Development Rights/FSI of the project
Asset Type
Details of the security
Others, Please Specify
First Ranking Charge by way of hypothecation of all the current and Non Current assets pertaining to the Project
Current Assets
First Charge by way of hypothecation over the receivables and all rights of developer over sold units from Project
Current Assets
First Ranking Charge on all assets pertaining to the Project including receivables, bank accounts, documents, authorizations pertaining to the Project insurance policies etc
Immovable Assets
All structures and construction on the project Land
Others, Please Specify
Registration of charges with ROC / Central Registry (CERSAI)
Current Assets
Promissory Notes, as applicable
Others, Please Specify
Personal Guarantee of Promoters (Shashank Paranjape & Shrikant Paranjape)
Immovable Assets
Project land admeasuring 30,478 sq mts with basic allotted FSI 61,270 sq mts falling in sectors R12B, R 26 & R28 in the Master PLU dated 10th August 2022
Immovable Assets
Development Rights/FSI of the project
Others, Please Specify
Undertaking from Promoters of Company to route all sales proceeds and other cash flow from RERA Account and to the Escrow Account (charged in favour of SWAMIH Fund)
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About Paranjape Schemes (construction) Ltd bond with ISIN: INE694I07202
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 INE694I07202, represents a significant financial instrument. Issued by PARANJAPE SCHEMES (CONSTRUCTION) LTD, it comes with the following description: "SECURED UNRATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURE. DATE OF MATURITY 22/11/2025.". 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, PARANJAPE SCHEMES (CONSTRUCTION) LTD, 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) U70100MH1987PLC044721 further bolster its credibility. With a coupon rate of N/A, this instrument has been meticulously managed with the assistance of Link Intime India Private Limited,Mumbai and under the oversight of IDBI Trusteeship Services Limited, ensuring a strong operational framework. Examining the technical specifications, the bond’s face value is 1000000 with an issue size of 101. It was allotted on 2/23/2023 and is scheduled for redemption on 11/22/2025. 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: Development Rights/FSI of the 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 INE694I07012 having a coupon rate of 14% and the bond with ISIN INE694I07160 having a coupon rate of 10% and the bond with ISIN INE694I07038 having a coupon rate of 14% and the bond with ISIN INE694I07152 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.