Pridhvi Asset Reconstruction & Sec.co Ltd
ACTIVE
ISIN: INE461K07053
Issuer Details
Issuer Name
PRIDHVI ASSET RECONSTRUCTION...
Type of Issuer
Non PSU
Sector
Financial Services
Coupon Rate
16%
Industry
Finance
Issuer nature
-
Corporate Identity Number (CIN)
U67120TG2007PLC053327
Name of the Lead Manager
-
Registrar
KFIN TECHNOLOGIES PRIVATE LI...
Name of Debenture Trustee
Vistra ITCL (India) Limited
Instrument Details
Instrument name as on NSDL
16% SECURED UNRATED UNLISTED...
Face Value (in ₹)
500000
Total Issue size( in ₹ Cr.)
30
Category of Instrument
PLAIN VANILLA DEBENTURES
Allotment Date
04-12-2023
Redemption Date
30-04-2026
Whether Secured or Unsecured
Secured
Put Option Date
-
Call Option Date
-
Seniority in Repayment
-
Security Measures
Asset Coverage
Principal
Asset Percentage
180%
Details of Asset Cover
Non disposal undertaking with respect to shares held by M. Siva Rama Vara Prasad and M. Rajya Lakshmi in the Issuer.
Asset Type
Details of the security
Current Assets
First ranking pari passu charge along with the Existing Facility on security package extended by the Company in relation to the Existing Facility and Identified Security Receipts with Minimum Security Cover of 1.8x basis NAV
Others, Please Specify
Non disposal undertaking with respect to shares held by M. Siva Rama Vara Prasad and M. Rajya Lakshmi in the Issuer.
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About Pridhvi Asset Reconstruction & Sec.co Ltd bond with ISIN: INE461K07053
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 INE461K07053, represents a significant financial instrument. Issued by PRIDHVI ASSET RECONSTRUCTION & SEC.CO LTD, it comes with the following description: "16% SECURED UNRATED UNLISTED 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, PRIDHVI ASSET RECONSTRUCTION & SEC.CO LTD, classified as N/A, 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) U67120TG2007PLC053327 further bolster its credibility. With a coupon rate of 16, this instrument has been meticulously managed with the assistance of KFIN TECHNOLOGIES PRIVATE LIMITED and under the oversight of Vistra ITCL (India) Limited, ensuring a strong operational framework. Examining the technical specifications, the bond’s face value is 500000 with an issue size of 30. It was allotted on 12/4/2023 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. 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: Non disposal undertaking with respect to shares held by M. Siva Rama Vara Prasad and M. Rajya Lakshmi in the Issuer. – 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 INE461K07079 having a coupon rate of 5% and the bond with ISIN INE461K07046 having a coupon rate of 16% and the bond with ISIN INE461K07020 having a coupon rate of 16.5%. 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.