Shrem Infra Invest Private Limited
ACTIVE
ISIN: INE391V07166
Issuer Details
Issuer Name
SHREM INFRA INVEST PRIVATE L...
Type of Issuer
Non PSU
Sector
Construction
Coupon Rate
9.75%
Industry
Construction
Issuer nature
Other
Corporate Identity Number (CIN)
U65100MH2014PTC254839
Name of the Lead Manager
-
Registrar
Link Intime India Private Li...
Name of Debenture Trustee
Mitcon Trusteeship Services ...
Instrument Details
Instrument name as on NSDL
9.75% SECURED RATED LISTED R...
Face Value (in ₹)
100000
Total Issue size( in ₹ Cr.)
70
Category of Instrument
PLAIN VANILLA DEBENTURES
Allotment Date
27-09-2024
Redemption Date
13-08-2027
Whether Secured or Unsecured
Secured
Put Option Date
-
Call Option Date
-
Seniority in Repayment
Senior
Security Measures
Asset Coverage
Principal + Interest
Asset Percentage
225%
Details of Asset Cover
Non disposal undertaking or agreement entered into or to be entered into by Chhatwal Group Trust and the Comany in favour of the Debenture Trustee in relation to the non disposal of 51% (fifty one percent) equity shares in the Company and ii non disposal undertaking or agreement entered into or to be entered into by the Company in favour of the Debenture Trustee in relation to the non disposal of the shares held by it in Shrem Enterprises Private Limited
Asset Type
Details of the security
Book Debts / Receivables
Cash flows of the Issuer both present and future including but not limited to receivables, cash & bank balance, investments (other than units of Shrem InvIT which shall be charged / pledged on an exclusive basis), loans, other current assets, and movable assets of the Issuer (excluding the charge on any vehicles charged exclusively to a vehicle lender and unencumbered units of Shrem InvIT). The same shall be created prior to disbursement
Trust & Retention Account /Escrow Accounts
Hypothecation over Debt Service Account and Debt Service Reserve Account and amounts lying therein
Others, Please Specify
Non disposal undertaking or agreement entered into or to be entered into by Chhatwal Group Trust and the Comany in favour of the Debenture Trustee in relation to the non disposal of 51% (fifty one percent) equity shares in the Company and ii non disposal undertaking or agreement entered into or to be entered into by the Company in favour of the Debenture Trustee in relation to the non disposal of the shares held by it in Shrem Enterprises Private Limited
Movable Asset
Cash flows of the Issuer both present and future including but not limited to receivables, cash & bank balance, investments (other than units of Shrem InvIT which shall be charged / pledged on an exclusive basis), loans, other current assets, and movable assets of the Issuer (excluding the charge on any vehicles charged exclusively to a vehicle lender and unencumbered units of Shrem InvIT)
Intangible Assets
Pledge of the units of Shrem InvIT held by the Issuer equivalent to 2.25 times of the total debt including accrued interest thereon. Pledged units shall not include any units which are under Lock in guidelines as per Master Circular on InvIT regulations by SEBI. If the cover falls below the stipulated level then the Issuer shall provide pledge of additional units or cash collateral to the extent of shortfall amount required to reinstate the pledge quantum to 2.25 times
Current Assets
Cash flows of the Issuer both present and future including but not limited to receivables, cash & bank balance, investments (other than units of Shrem InvIT which shall be charged / pledged on an exclusive basis), loans, other current assets, and movable assets of the Issuer (excluding the charge on any vehicles charged exclusively to a vehicle lender and unencumbered units of Shrem InvIT). The same shall be created prior to disbursement
Others, Please Specify
Personal Guarantee of Nitan Chhatwal and Hitesh Chhatwal
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About Shrem Infra Invest Private Limited bond with ISIN: INE391V07166
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 INE391V07166, represents a significant financial instrument. Issued by SHREM INFRA INVEST PRIVATE LIMITED, it comes with the following description: "9.75% SECURED RATED LISTED REDEEMABLE NON-CONVERTIBLE DEBENTURE SERIES III SIIPL NCD 2027 DATE OF MATURITY 13/08/2027". 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, SHREM INFRA INVEST 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) U65100MH2014PTC254839 further bolster its credibility. With a coupon rate of 9.75, this instrument has been meticulously managed with the assistance of Link Intime India Private Limited,Mumbai and under the oversight of Mitcon Trusteeship Services Limited, ensuring a strong operational framework. Examining the technical specifications, the bond’s face value is 100000 with an issue size of 70. It was allotted on 9/27/2024 and is scheduled for redemption on 8/13/2027. 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. The bond carries a credit rating of AA as provided by INDIA RATING AND RESEARCH PVT. LTD. In the market, ratings typically range from D to AAA, and a rating of AA 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: Non disposal undertaking or agreement entered into or to be entered into by Chhatwal Group Trust and the Comany in favour of the Debenture Trustee in relation to the non disposal of 51% (fifty one percent) equity shares in the Company and ii non disposal undertaking or agreement entered into or to be entered into by the Company in favour of the Debenture Trustee in relation to the non disposal of the shares held by it in Shrem Enterprises Private Limited – 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 INE391V07158 having a coupon rate of 9.75% and the bond with ISIN INE391V07133 having a coupon rate of 9.75% and the bond with ISIN INE391V07109 having a coupon rate of 9.75% and the bond with ISIN INE391V07026 having a coupon rate of 14.25%. 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.