Platinumcorp Sheltors Private Limited
ACTIVE
ISIN: INE0GB707038
Issuer Details
Issuer Name
PLATINUMCORP SHELTORS PRIVAT...
Type of Issuer
Non PSU
Sector
Realty
Coupon Rate
16.5%
Industry
Realty
Issuer nature
Other
Corporate Identity Number (CIN)
U70102MH2015PTC262409
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
16.50% SECURED UNRATED UNLIS...
Face Value (in ₹)
5000000
Total Issue size( in ₹ Cr.)
34
Category of Instrument
PLAIN VANILLA DEBENTURES
Allotment Date
15-12-2023
Redemption Date
31-12-2025
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
Designated Cash Flows / Project Receivables of the real estate redevelopment project of Platinumcorp Developers LLP
Asset Type
Details of the security
Intangible Assets
All rights title and interest of the Platinumcorp Developers LLP including Development Rights arising out of or in relation to all that piece and parcel of land admeasuring 559.49 sq. mtrs. as per lease deed and 795.74 sq. mtrs. as per demarcation plan (obtain from Mhada in 1998) bearing Survey No. 106A and C.T.S. No. 195 (part) situated at D. N. Nagar, Village Andheri, Taluka Andheri, Mumbai Suburban District, Mumbai 400053
Immovable Assets
All immovable assets of the Issuer Company
Trust & Retention Account /Escrow Accounts
Escrow accounts opened and operated by the Issuer Company in relation to the NCD Proceeds and by Platinumcorp Developers LLP in relation to the receipt of project receivables of Platinumcorp Developers LLP
Book Debts / Receivables
Designated Cash Flows / Project Receivables of the real estate redevelopment project of Platinumcorp Developers LLP
Non-Current Investments
Partnership Interests of all partners in Platinumcorp Developers LLP and Pledge of 74% of shares of Issuer Company
Disclaimer: Tap Bonds gathers data directly from the respective OBPP websites but does not guarantee its accuracy. We do not offer investment advice or endorse the purchase of any securities mentioned, nor do we warrant the reliability of the information collected.
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About Platinumcorp Sheltors Private Limited bond with ISIN: INE0GB707038
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 INE0GB707038, represents a significant financial instrument. Issued by PLATINUMCORP SHELTORS PRIVATE LIMITED, it comes with the following description: "16.50% SECURED UNRATED UNLISTED REDEEMABLE NON-CONVERTIBLE DEBENTURE. LETTER OF ALLOTMENT DATE OF MATURITY 31/12/2025.". 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, PLATINUMCORP SHELTORS 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) U70102MH2015PTC262409 further bolster its credibility. With a coupon rate of 16.5, 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 5000000 with an issue size of 34. It was allotted on 12/15/2023 and is scheduled for redemption on 12/31/2025. 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: Designated Cash Flows / Project Receivables of the real estate redevelopment project of Platinumcorp Developers LLP – 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 INE002A08534 having a coupon rate of 9.05% and 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 INE003L07077 having a coupon rate of 14.25%XIRR AND 7.26 GSEC LINKED. 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.