Urbanrise Condominiums Private Limited
ACTIVE
ISIN: INE0OFJ07018
Issuer Details
Issuer Name
URBANRISE CONDOMINIUMS PRIVA...
Type of Issuer
Non PSU
Sector
Construction
Coupon Rate
9.6%
Industry
Construction
Issuer nature
Other
Corporate Identity Number (CIN)
U70109KA2021PTC153315
Name of the Lead Manager
-
Registrar
Link Intime India Private Li...
Name of Debenture Trustee
Catalyst Trusteeship Limited...
Instrument Details
Instrument name as on NSDL
9.60% SECURED UNRATED UNLIST...
Face Value (in ₹)
100000
Total Issue size( in ₹ Cr.)
59
Category of Instrument
PLAIN VANILLA DEBENTURES
Allotment Date
30-12-2022
Redemption Date
31-12-2026
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
First and exclusive charge by way of mortgage by deposit of title deeds and registration thereof on Companys entire right, title and interest: on the land admeasuring 5.625 acres situated at Hagaduru Village, K.R. Pura Hobli Bangalore East Taluk Bangalore Urban District Project Land and the residential apartment project Project being developed over the Project Land over entire saleable area in the Project and on the future developments on the Project Land
Asset Type
Details of the security
Trust & Retention Account /Escrow Accounts
Setting up of the escrow accounts and construction account wherein receivables from Project shall be deposited and first charge by way of hypothecation of the said escrow accounts shall be created
Book Debts / Receivables
First ranking exclusive charge by way of hypothecation over the hypothecated property in respect of the Companys right, title and interest in the Project, receivables arising therefrom, together with all and any interest accruing in respect thereof, escrow accounts, construction account and other bank accounts of the Company in relation to Project
Immovable Assets
First and exclusive charge by way of mortgage by deposit of title deeds and registration thereof on Companys entire right, title and interest: on the land admeasuring 5.625 acres situated at Hagaduru Village, K.R. Pura Hobli Bangalore East Taluk Bangalore Urban District Project Land and the residential apartment project Project being developed over the Project Land over entire saleable area in the Project and on the future developments on the Project Land
Others, Please Specify
First ranking exclusive charge by way of pledge of 100% (One Hundred Percent) of the share capital of the Company on a fully diluted basis and execution of a power of attorney, in relation to the shares of the Company, by the shareholders of the Company in favour of the Debenture Trustee
Others, Please Specify
Non Disposal Undertaking in respect of at least 76% (Seventy Six Percent) of the share capital of Alliance Infrastructure Projects Private Limited and Corporate Guarantee and personal Guarantee
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 Urbanrise Condominiums Private Limited bond with ISIN: INE0OFJ07018
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 INE0OFJ07018, represents a significant financial instrument. Issued by URBANRISE CONDOMINIUMS PRIVATE LIMITED, it comes with the following description: "9.60% SECURED UNRATED UNLISTED NON CONVERTIBLE DEBENTURES SERIES I DATE OF MATURITY 31/12/2026". 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, URBANRISE CONDOMINIUMS 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) U70109KA2021PTC153315 further bolster its credibility. With a coupon rate of 9.6, this instrument has been meticulously managed with the assistance of Link Intime India Private Limited,Mumbai 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 100000 with an issue size of 59. It was allotted on 12/30/2022 and is scheduled for redemption on 12/31/2026. 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 charge by way of mortgage by deposit of title deeds and registration thereof on Companys entire right, title and interest: on the land admeasuring 5.625 acres situated at Hagaduru Village, K.R. Pura Hobli Bangalore East Taluk Bangalore Urban District Project Land and the residential apartment project Project being developed over the Project Land over entire saleable area in the Project and on the future developments on the Project Land – 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.