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  1. Home
  2. Surana Infrastructur...

Surana Infrastructure Private Limited

ACTIVE

ISIN: INE0TFY07016

Issuer Details

Instrument Details

Security Measures

Cash Flow Schedule

Issuer Details


Issuer Name

SURANA INFRASTRUCTURE PRIVAT...

Type of Issuer

Non PSU

Sector

Realty

Coupon Rate

17.5%

Industry

Realty

Issuer nature

Other

Corporate Identity Number (CIN)

U45200MH2005PTC157217

Name of the Lead Manager

-

Registrar

TSR Darashaw Private Limited

Name of Debenture Trustee

Vardhaman Trusteeship Privat...

Instrument Details


Instrument name as on NSDL

17.5% SECURED UNRATED UNLIST...

Face Value (in ₹)

1000000

Total Issue size( in ₹ Cr.)

11

Category of Instrument

PLAIN VANILLA DEBENTURES

Allotment Date

04-03-2024

Redemption Date

28-02-2026

Whether Secured or Unsecured

Secured

Put Option Date

-

Call Option Date

-

Seniority in Repayment

Senior

Security Measures


Asset Coverage

Principal + Interest

Asset Percentage

100%

Details of Asset Cover

Chembur West Mumbai 400071 situated on land bearing Survey No14 part and CTS No 385 of Village Chembur Taluka Kurla in the registration District of Mumbai City SubDistrict Mumbai Suburban in the Local MWest Ward of the Brihanmumbai Mahanagarpalika known as Shivaji Nagar situate at ChemburSionTrombay CST Road now called V N Purav Marg Opp Swastik Chambers Chembur Mumbai 400 071 and as per letter issued by MHADA bearing NoCOALMMBkurla431406 dated 5th August 2006

Sr No.

Asset Type

Details of the security

1

Immovable Assets

Hundred percent Hypothecation of Receivables from the Sold area of Wing B Commercial in the project more specifically defined in Annexure A and Sold area of Wing A Sale Residential in the project more specifically defined in Annexure C 100% Hypothecation of Receivables from the Unsold Area of Wing B Sale Commercial admeasuring 48042 Sq Ft RERA carpet area specifically defined in Annexure B and Unsold Area of Wing A Sale Residential admeasuring 13137 Sq Ft RERA Carpet Area specifically

2

Immovable Assets

defined in Annexure D in the project Irrevocable Personal Guarantee of Mr Surendra Kumar Surana Mr Gaurav Surana Sole and exclusive charge on ISRA and ISA Postdated Cheques for Interest and Redemption Amounts Demand Promissory Note Letter of Continuity Shortfall Undertaking The Issuer shall create the security and complete all statutory filings that may be required within 7 days from the Date of Issuance Cost of creating the security shall be borne by the Promoter Issuer

3

Immovable Assets

Chembur West Mumbai 400071 situated on land bearing Survey No14 part and CTS No 385 of Village Chembur Taluka Kurla in the registration District of Mumbai City SubDistrict Mumbai Suburban in the Local MWest Ward of the Brihanmumbai Mahanagarpalika known as Shivaji Nagar situate at ChemburSionTrombay CST Road now called V N Purav Marg Opp Swastik Chambers Chembur Mumbai 400 071 and as per letter issued by MHADA bearing NoCOALMMBkurla431406 dated 5th August 2006

4

Immovable Assets

The Debentures shall be secured by way of Pari Passu charge by way of Registered English Mortgage on all the rights title and interest on the Free sale FSI presently admeasuring 10491 sq mtrs as per sanctioned Drawings and 1087515 sq mtrs as per LOI along with present and future unsold construction thereon including but not limited to Unsold Area of Wing B Sale Commercial admeasuring 48042 Sq Ft RERA carpet area specifically defined in Annexure B

5

Immovable Assets

Unsold Area of Wing A Sale Residential admeasuring 13137 Sq Ft RERA Carpet Area specifically defined in Annexure D along with all of the present and future rights title and interest of the Borrower under the Development Agreement along with all suprastructure thereon including buildings erections godowns plant and machinery and constructions of every description constructed to be constructed in the project Tulsi Chambers situated at CTS no 385 village Chembur Chembur Division S G Barve Marg

Disclaimer: Tap Bonds gathers data directly from the respective OBPP websites but does not guarantee its accuracy. We do not offer investment advice or endorse the purchase of any securities mentioned, nor do we warrant the reliability of the information collected.

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About Surana Infrastructure Private Limited bond with ISIN: INE0TFY07016

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 INE0TFY07016, represents a significant financial instrument. Issued by SURANA INFRASTRUCTURE PRIVATE LIMITED, it comes with the following description: "17.5% SECURED UNRATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURE DATE OF MATURITY 28/02/2026". 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, SURANA INFRASTRUCTURE 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) U45200MH2005PTC157217 further bolster its credibility. With a coupon rate of 17.5, this instrument has been meticulously managed with the assistance of TSR Darashaw Private Limited and under the oversight of Vardhaman Trusteeship Private Limited, ensuring a strong operational framework. Examining the technical specifications, the bond’s face value is 1000000 with an issue size of 11. It was allotted on 3/4/2024 and is scheduled for redemption on 2/28/2026. 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: Chembur West Mumbai 400071 situated on land bearing Survey No14 part and CTS No 385 of Village Chembur Taluka Kurla in the registration District of Mumbai City SubDistrict Mumbai Suburban in the Local MWest Ward of the Brihanmumbai Mahanagarpalika known as Shivaji Nagar situate at ChemburSionTrombay CST Road now called V N Purav Marg Opp Swastik Chambers Chembur Mumbai 400 071 and as per letter issued by MHADA bearing NoCOALMMBkurla431406 dated 5th August 2006 – 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.

Disclaimer: The facts and information on this page are for information and awareness purposes only. No information provided here is intended towards any specific user and should not be construed as investment advice or a recommendation of any kind whatsoever. You are requested to consult with your professional investment advisor or tax advisor for specific directions on any investments in any securities including the bonds mentioned on this page before making any investment decision. Tap Bonds shall not be liable for any losses incurred by you based on an investment decision utilising the information.
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