Save Solutions Private Limited
ACTIVE
ISIN: INE06PM07115
Issuer Details
Issuer Name
SAVE SOLUTIONS PRIVATE LIMIT...
Type of Issuer
Non PSU
Sector
Diversified
Coupon Rate
11.75%
Industry
Diversified
Issuer nature
Other
Corporate Identity Number (CIN)
U74900DL2013PTC306908
Name of the Lead Manager
-
Registrar
-
Name of Debenture Trustee
Catalyst Trusteeship Limited...
Instrument Details
Instrument name as on NSDL
11.75% SECURED UNLISTED UNRA...
Face Value (in ₹)
1000000
Total Issue size( in ₹ Cr.)
30
Category of Instrument
Plain Vanilla Debentures
Allotment Date
14-10-2021
Redemption Date
13-10-2026
Whether Secured or Unsecured
Secured
Put Option Date
-
Call Option Date
-
Seniority in Repayment
Senior
Security Measures
Asset Coverage
-
Asset Percentage
-
Details of Asset Cover
THE DEBENTURES WILL BE SECURED BY A HYPOTHECATION OF LOANS (AND/OR OTHER ASSETS) IN THE FORM OF A FIXED CHARGE, WHEREAS THE CUMULATIVE AMOUNT OF ALL ASSETS SUBJECT TO THE HYPOTHECATION SHALL BE, AT ANY TIME, NOT LESS THAN 100% OF THE OUTSTANDING AMOUNTS UNDER THE NCD
Asset Type
Details of the security
THE DEBENTURES WILL BE SECURED BY A HYPOTHECATION OF LOANS (AND/OR OTHER ASSETS) IN THE FORM OF A FIXED CHARGE, WHEREAS THE CUMULATIVE AMOUNT OF ALL ASSETS SUBJECT TO THE HYPOTHECATION SHALL BE, AT ANY TIME, NOT LESS THAN 100% OF THE OUTSTANDING AMOUNTS UNDER THE NCD
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About Save Solutions Private Limited bond with ISIN: INE06PM07115
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 INE06PM07115, represents a significant financial instrument. Issued by SAVE SOLUTIONS PRIVATE LIMITED, it comes with the following description: "11.75% SECURED UNLISTED UNRATED FULLY PAID UP REDEEMABLE NON CONVERTIBLE DEBENTURES.DATE OF MATURITY 13/10/2026". 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, SAVE SOLUTIONS 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) U74900DL2013PTC306908 further bolster its credibility. With a coupon rate of 11.75%, 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 30. It was allotted on 10/14/2021 and is scheduled for redemption on 10/13/2026. 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. The bond carries a credit rating of BBB as provided by CARE Ratings Limited. In the market, ratings typically range from D to AAA, and a rating of BBB is generally considered to be on the riskier end of the spectrum. 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: THE DEBENTURES WILL BE SECURED BY A HYPOTHECATION OF LOANS (AND/OR OTHER ASSETS) IN THE FORM OF A FIXED CHARGE, WHEREAS THE CUMULATIVE AMOUNT OF ALL ASSETS SUBJECT TO THE HYPOTHECATION SHALL BE, AT ANY TIME, NOT LESS THAN 100% OF THE OUTSTANDING AMOUNTS UNDER THE NCD – 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. The bond is supported by a variety of documents including ISIN_AllotmentConfirmation_CA26102021_1, ISIN_AllotmentConfirmation_CA26102021_2, CARE Ratings Limited_04-06-2024, CARE Ratings Limited_29-05-2024, CARE Ratings Limited_03-10-2023, CARE Ratings Limited_04-10-2022. 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 INE06PM07149 having a coupon rate of 12.79% and the bond with ISIN INE06PM07164 having a coupon rate of 12.4% and the bond with ISIN INE06PM07123 having a coupon rate of 11.25% and the bond with ISIN INE06PM07057 having a coupon rate of 12.15%. 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.