Tirupati Buildings And Offices Private Limited
ACTIVE
ISIN: INE0LG707010
Issuer Details
Issuer Name
TIRUPATI BUILDINGS AND OFFIC...
Type of Issuer
Non PSU
Sector
Consumer Services
Coupon Rate
SBI MCLR LINKED (REFER REMAR...
Industry
Leisure Services
Issuer nature
Other
Corporate Identity Number (CIN)
U45200DL2007PTC160655
Name of the Lead Manager
-
Registrar
-
Name of Debenture Trustee
Catalyst Trusteeship Limited...
Instrument Details
Instrument name as on NSDL
SBI MCLR LINKED SECURED UNRA...
Face Value (in ₹)
1000000
Total Issue size( in ₹ Cr.)
220
Category of Instrument
Plain Vanilla Debentures
Allotment Date
29-04-2022
Redemption Date
28-04-2028
Whether Secured or Unsecured
Secured
Put Option Date
-
Call Option Date
-
Seniority in Repayment
-
Security Measures
Asset Coverage
Principal + Interest
Asset Percentage
100%
Details of Asset Cover
1. A FIRST RANKING SECURITY INTEREST OVER THE MALL ASSETS, HOTEL ASSETS TOGETHER WITH ALL BUILDINGS, ERECTIONS, CONSTRUCTIONS, FIXTURES AND FITTINGS OF EVERY DESCRIPTION WHICH ARE STANDING, ERECTED OR ATTACHED OR SHALL AT ANY TIME IN FUTURE BE ERECTED AND STANDING OR ATTACHED TO THE AFORSAID IMMOVABLE PROPERIES OF THE ISSUER, BOTH PRESENT OR FUTURE...CONTACT ISSUER FOR FURTHER DETAILS
Asset Type
Details of the security
Immovable Assets - Properties
a first ranking Security Interest over the Mall Assets, Hotel Assets, together with all buildings, erections, constructions, fixtures and fittings of every description which are standing, erected or attached or shall at any time in future be erected and standing or attached to the aforesaid immovable properties of the Issuer, both present and future.
Tangible Assets
a first ranking Security Interest on all the tangible movable assets, including moveable plant and machinery, machinery spares, tools and accessories, furniture, fixtures, vehicles, stocks and all other movable assets, both present and future. (See Current Assets above)
Movable Asset - Machineries & Plant
a first ranking pledge over 100% (one hundred per cent) of the issued and paid up and equity shares of the Issuer and Promoter Debentures.
Non-Current Investments
NA
Intangible Assets
Pledge of shares and securities held by the Promoters in the Issuer
Current Assets
-- a first ranking Security Interest on all the tangible movable assets, including moveable plant and machinery, machinery spares, tools and accessories, furniture, fixtures, vehicles, stocks and all other movable assets, both present and future.
Book Debts / Receivables
a first ranking Security Interest on Issuer’s operating cash flows, book debts, bills, receivables, commissions, monies including Bank Accounts, claims of all kinds and stocks including consumables and other general stores and revenues of whatsoever nature and wherever arising, both present and future, including but not limited to intangibles, goodwill, uncalled capital, both present and future
Trust & Retention Account /Escrow Accounts
a first ranking charge over on all reserves and bank accounts of the Issuer wherever maintained including the Escrow Account and the amounts lying to the credit thereof.
Current Assets
-- a first ranking Security Interest on all the tangible movable assets, including moveable plant and machinery, machinery spares, tools and accessories, furniture, fixtures, vehicles, stocks and all other movable assets, both present and future.
Immovable Assets - Properties
a first ranking Security Interest over the Mall Assets, Hotel Assets, together with all buildings, erections, constructions, fixtures and fittings of every description which are standing, erected or attached or shall at any time in future be erected and standing or attached to the aforesaid immovable properties of the Issuer, both present and future.
Movable Asset - Machineries & Plant
a first ranking pledge over 100% (one hundred per cent) of the issued and paid up and equity shares of the Issuer and Promoter Debentures.
Intangible Assets
Pledge of shares and securities held by the Promoters in the Issuer
Non-Current Investments
NA
Book Debts / Receivables
a first ranking Security Interest on Issuer’s operating cash flows, book debts, bills, receivables, commissions, monies including Bank Accounts, claims of all kinds and stocks including consumables and other general stores and revenues of whatsoever nature and wherever arising, both present and future, including but not limited to intangibles, goodwill, uncalled capital, both present and future
Tangible Assets
a first ranking Security Interest on all the tangible movable assets, including moveable plant and machinery, machinery spares, tools and accessories, furniture, fixtures, vehicles, stocks and all other movable assets, both present and future. (See Current Assets above)
Trust & Retention Account /Escrow Accounts
a first ranking charge over on all reserves and bank accounts of the Issuer wherever maintained including the Escrow Account and the amounts lying to the credit thereof.
Immovable Assets - Properties
a first ranking Security Interest over the Mall Assets, Hotel Assets, together with all buildings, erections, constructions, fixtures and fittings of every description which are standing, erected or attached or shall at any time in future be erected and standing or attached to the aforesaid immovable properties of the Issuer, both present and future.
Trust & Retention Account /Escrow Accounts
a first ranking charge over on all reserves and bank accounts of the Issuer wherever maintained including the Escrow Account and the amounts lying to the credit thereof.
Intangible Assets
Pledge of shares and securities held by the Promoters in the Issuer
Non-Current Investments
NA
Movable Asset - Machineries & Plant
a first ranking pledge over 100% (one hundred per cent) of the issued and paid up and equity shares of the Issuer and Promoter Debentures.
Tangible Assets
a first ranking Security Interest on all the tangible movable assets, including moveable plant and machinery, machinery spares, tools and accessories, furniture, fixtures, vehicles, stocks and all other movable assets, both present and future. (See Current Assets above)
Book Debts / Receivables
a first ranking Security Interest on Issuer’s operating cash flows, book debts, bills, receivables, commissions, monies including Bank Accounts, claims of all kinds and stocks including consumables and other general stores and revenues of whatsoever nature and wherever arising, both present and future, including but not limited to intangibles, goodwill, uncalled capital, both present and future
Current Assets
-- a first ranking Security Interest on all the tangible movable assets, including moveable plant and machinery, machinery spares, tools and accessories, furniture, fixtures, vehicles, stocks and all other movable assets, both present and future.
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About Tirupati Buildings And Offices Private Limited bond with ISIN: INE0LG707010
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 INE0LG707010, represents a significant financial instrument. Issued by TIRUPATI BUILDINGS AND OFFICES PRIVATE LIMITED, it comes with the following description: "SBI MCLR LINKED SECURED UNRATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. LETTER OF ALLOTMENT. DATE OF MATURITY 28/04/2028". 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, TIRUPATI BUILDINGS AND OFFICES 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) U45200DL2007PTC160655 further bolster its credibility. With a coupon rate of SBI MCLR LINKED (REFER REMARKS), this instrument has been meticulously managed with the assistance of N/A and under the oversight of Catalyst Trusteeship Limited (Formerly GDA Trusteeship Limited), ensuring a strong operational framework. Examining the technical specifications, the bond’s face value is 1000000 with an issue size of 220. It was allotted on 4/29/2022 and is scheduled for redemption on 4/28/2028. 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: 1. A FIRST RANKING SECURITY INTEREST OVER THE MALL ASSETS, HOTEL ASSETS TOGETHER WITH ALL BUILDINGS, ERECTIONS, CONSTRUCTIONS, FIXTURES AND FITTINGS OF EVERY DESCRIPTION WHICH ARE STANDING, ERECTED OR ATTACHED OR SHALL AT ANY TIME IN FUTURE BE ERECTED AND STANDING OR ATTACHED TO THE AFORSAID IMMOVABLE PROPERIES OF THE ISSUER, BOTH PRESENT OR FUTURE...CONTACT ISSUER FOR FURTHER DETAILS – 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.