Sowparnika Homes Private Limited
ACTIVE
ISIN: INE0JFK07081
Issuer Details
Issuer Name
SOWPARNIKA HOMES PRIVATE LIM...
Type of Issuer
Non PSU
Sector
Realty
Coupon Rate
14%
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
14% SECURED UNRATED UNLISTED...
Face Value (in ₹)
1000000
Total Issue size( in ₹ Cr.)
40
Category of Instrument
PLAIN VANILLA DEBENTURES
Allotment Date
08-07-2025
Redemption Date
08-07-2027
Whether Secured or Unsecured
Secured
Put Option Date
-
Call Option Date
-
Seniority in Repayment
-
Security Measures
Asset Coverage
Principal
Asset Percentage
210%
Details of Asset Cover
Corporate Guarantee: The due discharge of the Debenture Outstandings shall also be irrevocably and unconditionally guaranteed by the Corporate Guarantee given by SPIPL in favour of the Debenture Trustee for the benefit of the Secured Parties on or prior to the First Closing Deemed Date of Allotment.
Asset Type
Details of the security
Immovable Assets
Creation of the following mortgages over the Mortgaged Properties: first ranking and exclusive charge by way of English mortgage over the Earmarked Units, by executing and registering the Mortgage Deed, in the manner and to the satisfaction of the Debenture Trustee.
Others, Please Specify
Personal Guarantees: The due discharge of the Debenture Outstandings shall also be irrevocably and unconditionally guaranteed by the Personal Guarantees given in favour of the Debenture Trustee for the benefit of the Secured Parties on or prior to the First Closing Deemed Date of Allotment.
Others, Please Specify
Non Disposal Undertaking: The due discharge of the Debenture Outstandings shall also be irrevocably and unconditionally guaranteed by the Non Disposal Undertaking given by 100% of the shareholders of the Company in favour of the Debenture Trustee for the benefit of the Secured Parties on or prior to the First Closing Deemed Date of Allotment.
Others, Please Specify
Cheques: PDCs in respect of each principal and Interest payment due in respect of the Debentures as set out in the Repayment Schedule and one blank undated cheque signed by the authorised signatory of the Company for the Debenture Outstandings in respect of Tranche 1 NCDs, and Tranche 2 NCDs, to be provided in the manner as out in this Agreement.
Others, Please Specify
Demand Promissory Note(s): Demand Promissory Notes(s) and 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 under this Deed, on demand by the Debenture Trustee, on or prior to the First Closing Deemed Date of Allotment.
Book Debts / Receivables
Hypothecation: first ranking and exclusive charge over the Earmarked Receivables of the Project and the Escrow Account, by executing a Deed of Hypothecation along with a Power of Attorney, in the manner and to the satisfaction of the Debenture Trustee.
Others, Please Specify
Right to Sale: The Debenture Trustee shall vide the Right to Sale Agreements have the right to sale the Mortgaged Properties (acting on Approved Instructions) at a discount in the event of default to the extent of unpaid outstanding principal, interest, accrued interest etc., which agreements shall be executed simultaneously with the creation of mortgage on Mortgage Properties.
Others, Please Specify
Corporate Guarantee: The due discharge of the Debenture Outstandings shall also be irrevocably and unconditionally guaranteed by the Corporate Guarantee given by SPIPL in favour of the Debenture Trustee for the benefit of the Secured Parties on or prior to the First Closing Deemed Date of Allotment.
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About Sowparnika Homes Private Limited bond with ISIN: INE0JFK07081
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 INE0JFK07081, represents a significant financial instrument. Issued by SOWPARNIKA HOMES PRIVATE LIMITED, it comes with the following description: "14% SECURED UNRATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURE SERIES II DATE OF MATURITY 08/07/2027". 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, 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 14, 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 7/8/2025 and is scheduled for redemption on 7/8/2027. 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: Corporate Guarantee: The due discharge of the Debenture Outstandings shall also be irrevocably and unconditionally guaranteed by the Corporate Guarantee given by SPIPL in favour of the Debenture Trustee for the benefit of the Secured Parties on or prior to the First Closing Deemed Date of Allotment. – 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 INE0JFK07040 having 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.. 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.