Star Auto Industries Private Limited

About Star Auto Industries Private Limited bond with ISIN: INE06OS07016

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 INE06OS07016, represents a significant financial instrument. Issued by STAR AUTO INDUSTRIES PRIVATE LIMITED, it comes with the following description: "11.25% SECURED UNLISTED UNRATED COMPULSORY CONVERTIBLE DEBENTURES. SERIES 01. DATE OF CONVERSION 27/06/2029". 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, STAR AUTO INDUSTRIES 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) U34300MH2006PTC159231 further bolster its credibility. With a coupon rate of 11.25%, this instrument has been meticulously managed with the assistance of Bigshare Services Pvt. Limited and under the oversight of IDBI Trusteeship Services Limited, ensuring a strong operational framework. Examining the technical specifications, the bond’s face value is 5000000 with an issue size of 69. It was allotted on 6/28/2019 and is scheduled for redemption on 6/27/2029. Categorized under "-" 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: SECURED AGAINST PLEDGE OF THE EQUITY SHARES OF THE COMPANY AND A FIRST RANKING MORTGAGE WHICH SHALL BE CREATED OVER ALL IMMOVABLE AND MOVABLE PROPERTIES OF THE COMPANY EXCEPT FOR THE IMMOVABLE PROPERTY OF THE COMPANY AT KHOPOLI,MUMBAI. – 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.