Sowparnika Homes Private Limited
ACTIVE
ISIN: INE0JFK07040
Issuer Details
Issuer Name
SOWPARNIKA HOMES PRIVATE LIM...
Type of Issuer
Non PSU
Sector
Realty
Coupon Rate
RESET RATE. FIXED INTEREST F...
Industry
Realty
Issuer nature
Other
Corporate Identity Number (CIN)
U45400KA2014PTC074654
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
RESET RATE SECURED UNRATED U...
Face Value (in ₹)
976500
Total Issue size( in ₹ Cr.)
100
Category of Instrument
PLAIN VANILLA DEBENTURES
Allotment Date
30-09-2022
Redemption Date
30-12-2026
Whether Secured or Unsecured
Secured
Put Option Date
-
Call Option Date
-
Seniority in Repayment
Senior
Security Measures
Asset Coverage
Principal
Asset Percentage
2.25%
Details of Asset Cover
first and exclusive change on underlying land, development rights and developers share of inventory in Indradhanush, Olivia Nest & Whitefield Project
Asset Type
Details of the security
Immovable Assets
first and exclusive change on underlying land, development rights and developers share of inventory in Indradhanush, Olivia Nest & Whitefield Project
Immovable Assets
First & exclusive charge on 1 acre converted land parcel in Hoskote
Book Debts / Receivables
Hypothecation and 100% escrow of cashflows from Indradhanush, Olivia Nest & Whitefield Project Hypothecation and 100% escrow of cashflows from Kerala Project (Elania, Yaara, Pearl & Seyschelles) and Hamlet Project
Others, Please Specify
Personal Guarantee of the Promoters 100% share pledge of SHPL, SSPL and SIPL and Non disposal undertaking for SPIPL PDCs as per repayment schedule, DPN, Right to Sale Agreement
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About Sowparnika Homes Private Limited bond with ISIN: INE0JFK07040
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 INE0JFK07040, represents a significant financial instrument. Issued by SOWPARNIKA HOMES PRIVATE LIMITED, it comes with the following description: "RESET RATE SECURED UNRATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURE.SERIES A .DATE OF MATURITY 30/12/2026". 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, SOWPARNIKA HOMES 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) U45400KA2014PTC074654 further bolster its credibility. With a coupon rate of RESET RATE. FIXED INTEREST FOR 27 MONTHS INITIAL INTEREST OF 13%, FOR THE REMAINING 24 MONTHS 16.5%. VARIABLE INTEREST SWEEP 5% MONTHLY. FOR MORE DETAILS CONTACT ISSUER., 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 976500 with an issue size of 100. It was allotted on 9/30/2022 and is scheduled for redemption on 12/30/2026. 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 and exclusive change on underlying land, development rights and developers share of inventory in Indradhanush, Olivia Nest & Whitefield Project – 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 INE0JFK07057 having a coupon rate of N/A and the bond with ISIN INE0JFK07065 having a coupon rate of N/A and the bond with ISIN INE0JFK07081 having a coupon rate of 14%. 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.