Sowparnika Green Meadows Private Limited
ACTIVE
ISIN: INE14HH07017
Issuer Details
Issuer Name
SOWPARNIKA GREEN MEADOWS PRI...
Type of Issuer
Non PSU
Sector
Realty
Coupon Rate
-
Industry
Realty
Issuer nature
Other
Corporate Identity Number (CIN)
U68100KA2023PTC175491
Name of the Lead Manager
-
Registrar
KFIN TECHNOLOGIES PRIVATE LI...
Name of Debenture Trustee
Vistra ITCL (India) Limited
Instrument Details
Instrument name as on NSDL
21.50% RESET RATE SECURED UN...
Face Value (in ₹)
1000000
Total Issue size( in ₹ Cr.)
40
Category of Instrument
PLAIN VANILLA DEBENTURES
Allotment Date
16-09-2024
Redemption Date
16-09-2028
Whether Secured or Unsecured
Secured
Put Option Date
-
Call Option Date
-
Seniority in Repayment
Senior
Security Measures
Asset Coverage
Principal
Asset Percentage
200%
Details of Asset Cover
Mortgage over the Mortgaged Properties i.e. project land for the project Sowparnika Green Parks
Asset Type
Details of the security
Others, Please Specify
Demand Promissory Note and a letter of continuity in the aggregate amount of the Debentures to be issued by the Company in favour of the Debenture Trustee for repayment of the amounts due under Debenture Trust Deed on demand by the Debenture Trustee
Others, Please Specify
Such other Security Interest as may be required by Debenture Trustee, to be created by the Company and other Security Providers to fulfill their obligation under Debenture Trust Deed and to meet the shortfall in above coverages and / or as an alternate security in case of impairment of any of the Security already provided
Book Debts / Receivables
first and exclusive charge by way of hypothecation over Hypothecated Properties
Immovable Assets
Mortgage over the Mortgaged Properties i.e. project land for the project Sowparnika Green Parks
Others, Please Specify
Corporate Guarantee of Sowparnika Homes Pvt Ltd
Trust & Retention Account /Escrow Accounts
Project escrow accounts
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About Sowparnika Green Meadows Private Limited bond with ISIN: INE14HH07017
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 INE14HH07017, represents a significant financial instrument. Issued by SOWPARNIKA GREEN MEADOWS PRIVATE LIMITED, it comes with the following description: "21.50% RESET RATE SECURED UNRATED UNLISTED NON CONVERTIBLE DEBENTURES DATE OF MATURITY 16/09/2028". 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, SOWPARNIKA GREEN MEADOWS 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) U68100KA2023PTC175491 further bolster its credibility. With a coupon rate of N/A, this instrument has been meticulously managed with the assistance of KFIN TECHNOLOGIES PRIVATE LIMITED and under the oversight of Vistra ITCL (India) Limited, ensuring a strong operational framework. Examining the technical specifications, the bond’s face value is 1000000 with an issue size of 40. It was allotted on 9/16/2024 and is scheduled for redemption on 9/16/2028. 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: Mortgage over the Mortgaged Properties i.e. project land for the project Sowparnika Green Parks – 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.