Reciq Enterprises Private Limited
ACTIVE
ISIN: INE0RF807013
Issuer Details
Issuer Name
RECIQ ENTERPRISES PRIVATE LI...
Type of Issuer
Non PSU
Sector
Automobile and Auto Componen...
Coupon Rate
14.5%
Industry
Auto Components
Issuer nature
Other
Corporate Identity Number (CIN)
U29109HR2023PTC114594
Name of the Lead Manager
-
Registrar
-
Name of Debenture Trustee
Catalyst Trusteeship Limited...
Instrument Details
Instrument name as on NSDL
14.50% SECURED UNRATED UNLIS...
Face Value (in ₹)
1000000
Total Issue size( in ₹ Cr.)
43.7
Category of Instrument
PLAIN VANILLA DEBENTURES
Allotment Date
12-10-2023
Redemption Date
15-11-2026
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 of 100% Shares of Reciq Enterprises Private Limited held by Individual Guarantors within 7 Calender Days.
Asset Type
Details of the security
Movable Asset
Pledge of 49% Shares of Reciq Engineering Private Limited Held by Mr. Sahil Soni and Rimpi Soni to be perfected upfront.
Movable Asset
Irrevocable and Unconditional Personal Gurantee of Parvesh Soni, Sahil Soni, Aarthie Khullar, Rimpi Soni to the extent of Outstanding of the Loan to be prefected upfront.
Movable Asset
Pledge of 57.25% Shares of SI Interpack Private Limited purchased by Reciq Enterprises Private Limited
Movable Asset
Pledge of 100% Shares of Reciq Enterprises Private Limited held by Individual Guarantors within 7 Calender Days.
Movable Asset
Pledge of 16.67% Shares of SI Interpack Private Limited held by Rimpi Soni and Sahil Soni to be created upfront Including 15000 Physical Sharges of SI Interpack Private Limited held by Rimpi Soni
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About Reciq Enterprises Private Limited bond with ISIN: INE0RF807013
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 INE0RF807013, represents a significant financial instrument. Issued by RECIQ ENTERPRISES PRIVATE LIMITED, it comes with the following description: "14.50% SECURED UNRATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURE DATE OF MATURITY 15/11/2026.". 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, RECIQ ENTERPRISES 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) U29109HR2023PTC114594 further bolster its credibility. With a coupon rate of 14.5, this instrument has been meticulously managed with the assistance of N/A 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 1000000 with an issue size of 43.7. It was allotted on 10/12/2023 and is scheduled for redemption on 11/15/2026. 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: Pledge of 100% Shares of Reciq Enterprises Private Limited held by Individual Guarantors within 7 Calender Days. – 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 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 INE0NO807016 having a coupon rate of 16% and the bond with ISIN INE003S07247 having a coupon rate of 9.3%. 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.