Skytech Estates Private Limited
ACTIVE
ISIN: INE0JKT07017
Issuer Details
Issuer Name
SKYTECH ESTATES PRIVATE LIMI...
Type of Issuer
Non PSU
Sector
-
Coupon Rate
-
Industry
-
Issuer nature
Other
Corporate Identity Number (CIN)
U45200DL2006PTC155691
Name of the Lead Manager
-
Registrar
-
Name of Debenture Trustee
Beacon Trusteeship Ltd
Instrument Details
Instrument name as on NSDL
RESET RATE SECURED UNRATED U...
Face Value (in ₹)
100000
Total Issue size( in ₹ Cr.)
30
Category of Instrument
PLAIN VANILLA DEBENTURES
Allotment Date
10-03-2023
Redemption Date
29-07-2026
Whether Secured or Unsecured
Secured
Put Option Date
-
Call Option Date
-
Seniority in Repayment
Senior
Security Measures
Asset Coverage
Principal + Interest
Asset Percentage
200%
Details of Asset Cover
first ranking exclusive charge over all the movable assets of Project 1 and Project 2 and A first ranking exclusive charge by way of pledge on 80 per cent of the equity share capital of the Company and 100 per cent share capital of Jatasya Promoters Pvt Ltd accompanied by powers of attorney in favour of the Debenture Trustee
Asset Type
Details of the security
Movable Asset
first ranking exclusive charge over all the movable assets of Project 1 and Project 2 and A first ranking exclusive charge by way of pledge on 80 per cent of the equity share capital of the Company and 100 per cent share capital of Jatasya Promoters Pvt Ltd accompanied by powers of attorney in favour of the Debenture Trustee
Immovable Assets
first ranking exclusive charge over all that piece and parcel of land of the unit or shops bearing Nos. GF01, GF01A, GF 14A, GF15, GF15A, GF05, GF05A, GF01, GF03, GF34, FF01, FF01A, FF108, FF109, FF127A, FF128A, FF129, FF101A, FF103A, FF133A, FF134A, FF135A, SFFood Court, SFRestro Bar, having unsold inventory admeasuring 38,140 square feet or thereabouts, situate, lying and being at Sector 3, Rohtak, Haryana over which the Project named Skytech Mall Project has been or is being constructed
Book Debts / Receivables
first ranking exclusive charge over all the movable assets of Project 1 and Project 2 including hundred percent of Project Receivables from sold, unsold, WIP of free sale unsold stock, work in progress, inventory, and any other Project Receivables, monies, movable plant and machinery, machinery spares, tools and accessories, furniture, fixtures, vehicles and all other movable assets including receivables emanating from insurance contracts and any other documents in relation to the projects bot
Immovable Assets
First ranking charge on all that piece and parcel of land bearing Plot No. GH01C admeasuring 12,091.61 square meters and having saleable area of 6,70,000 square feet or thereabouts, situate, lying and being at Sector 10, Greater Noida, Gautam Budh Nagar, Uttar Pradesh 201 301 over which the Project named Skytech Colours Avenue is being constructed and developed
Others, Please Specify
Demand promissory notes from the Company in a form and manner satisfactory to the facility agent Debenture Trustee, Step in rights in case of an Event of Default, not limited to obtaining full operational control of the Project 2, Also, Project 1 upon SWAMIH exit, appointing additional directors in the Issuer company and appointment of any agency and or persons to facilitate project completion, sales and any other resolution, as required by the Facility Agent, Such other security as may be reque
Trust & Retention Account /Escrow Accounts
Escrow Mechanism and as per Escrow Agreement following accounts held with HDFC Bank Limited 57500001071484 Skytech Estates Pvt Ltd Escrow Account, 57500000959872 JPPL Skytech Colours Avenue Master Escrow Account, 57500000960261, JPPL Skytech Colours Avenue Escrow Account, 57500000959885 JPPL Skytech Colours Avenue RERA Escrow Account
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About Skytech Estates Private Limited bond with ISIN: INE0JKT07017
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 INE0JKT07017, represents a significant financial instrument. Issued by SKYTECH ESTATES PRIVATE LIMITED, it comes with the following description: "RESET RATE SECURED UNRATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURES DATE OF MATURITY 29/07/2026". 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, SKYTECH ESTATES 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) U45200DL2006PTC155691 further bolster its credibility. With a coupon rate of N/A, this instrument has been meticulously managed with the assistance of N/A and under the oversight of Beacon Trusteeship Ltd, ensuring a strong operational framework. Examining the technical specifications, the bond’s face value is 100000 with an issue size of 30. It was allotted on 3/10/2023 and is scheduled for redemption on 7/29/2026. 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: first ranking exclusive charge over all the movable assets of Project 1 and Project 2 and A first ranking exclusive charge by way of pledge on 80 per cent of the equity share capital of the Company and 100 per cent share capital of Jatasya Promoters Pvt Ltd accompanied by powers of attorney in favour of the Debenture Trustee – 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.