Shivalaya Construction Company Private Limited
ACTIVE
ISIN: INE0CTD07033
Issuer Details
Issuer Name
SHIVALAYA CONSTRUCTION COMPA...
Type of Issuer
Non PSU
Sector
Construction
Coupon Rate
15.22%
Industry
Construction
Issuer nature
Other
Corporate Identity Number (CIN)
U45201DL1997PTC091051
Name of the Lead Manager
-
Registrar
Beetal Financial & Computers...
Name of Debenture Trustee
Catalyst Trusteeship Limited...
Instrument Details
Instrument name as on NSDL
15.22% SECURED UNRATED UNLIS...
Face Value (in ₹)
100000
Total Issue size( in ₹ Cr.)
20
Category of Instrument
PLAIN VANILLA DEBENTURES
Allotment Date
31-08-2024
Redemption Date
30-09-2027
Whether Secured or Unsecured
Secured
Put Option Date
-
Call Option Date
-
Seniority in Repayment
Senior
Security Measures
Asset Coverage
Principal + Interest
Asset Percentage
110%
Details of Asset Cover
Second ranking pari passu charge to be created pursuant to the deed of hypothecation to be executed between the Company and the Trustee ("Deed of Hypothecation") over all the current assets, both present and future of the Company.
Asset Type
Details of the security
Current Assets
Second ranking pari passu charge to be created pursuant to the deed of hypothecation to be executed between the Company and the Trustee ("Deed of Hypothecation") over all the current assets, both present and future of the Company.
Trust & Retention Account /Escrow Accounts
First ranking exclusive charge on the Escrow Account . Escrow mechanism to be set up by the Issuer wherein the receivables of the Identified SPVs through refinance/monetisation/ any equity event/ or otherwise will be necessarily routed through the escrow account. The funds deposited in the escrow account unless permitted otherwise by the Debenture Trustee at the request of the Company, shall be utilized towards redemption of Debentures at the option of the Debenture Holders.
Book Debts / Receivables
First ranking exclusive charge on the investments in form of unsecured loans and advances extended by the Company to Kodungallur Highways Private Limited
Others, Please Specify
Undertaking from the Company and SPVs in favour of the Debenture Trustee to credit the receivables from the Issuers investments in the SPVs only in the escrow account. Unconditional and irrevocable Personal guarantee provided by Shripal Aggarwal and Pradeep Nandal and Sahil Aggarwal and Sumit Nandal. DSRA of one Quarterly Instalment (Principal plus Interest) in the form of fixed deposits lien marked in favour of the Debenture Trustee. Cash Margin of 20 percent (excluding DSRA) on issuance amount
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About Shivalaya Construction Company Private Limited bond with ISIN: INE0CTD07033
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 INE0CTD07033, represents a significant financial instrument. Issued by SHIVALAYA CONSTRUCTION COMPANY PRIVATE LIMITED, it comes with the following description: "15.22% SECURED UNRATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. TRANCHE 2. DATE OF MATURITY 30/09/2027.". 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, SHIVALAYA CONSTRUCTION COMPANY 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) U45201DL1997PTC091051 further bolster its credibility. With a coupon rate of 15.22, this instrument has been meticulously managed with the assistance of Beetal Financial & Computers Services Pvt. Ltd. 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 100000 with an issue size of 20. It was allotted on 8/31/2024 and is scheduled for redemption on 9/30/2027. 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: Second ranking pari passu charge to be created pursuant to the deed of hypothecation to be executed between the Company and the Trustee ("Deed of Hypothecation") over all the current assets, both present and future of the Company. – 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 INE0CTD07025 having a coupon rate of 14.5% and the bond with ISIN INE0CTD07017 having a coupon rate of 14.75% and the bond with ISIN INE0CTD07041 having a coupon rate of 14.9%. 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.