Instrument Details

ISIN: INE908I07370

Face value

₹10,00,000

Coupon rate

12%

Payment

Semi Annually

Tax Type

Taxable

Issue Size (Cr)

148.875

Instrument Type

Debenture

Returns

High

Date of Issue

09 Jun 2022

Maturity Date

06 Sep 2024

Perpetual

Yes

Listing Status

Unlisted

Rating status

BB- (Infomerics Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Secured

Asset Coverage

Principal + Interest

Seniority in Repayment

None

Guarantee Type

Non Convertible

About this Bond

GMR ENTERPRISES PRIVATE LIMITED SR 2 12 NCD 09JU24 FVRS10LAC
Gmr Enterprises Private Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE908I07370, with a face value of ₹10,00,000 rs on 09Jun22 to raise 148.875 crores. The debt instrument is issued with a coupon rate of 12% and its interest is paid Semi Annually. The returns are Taxable and one has to pay the applicable tax on the returns from this investment. As per the filings, the long description of this Secured Debenture is 12% SECURED RATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURES SERIES 2. DATE OF MATURITY 09/06/2024.. This instrument is issued in Private Placement (non-EBP) mode. It has Simple coupon type with Full Redemption option. The Bond is Not listed on any stock exchange. Infomerics Valuation and Rating Pvt. Ltd has given BB- rating to this Debenture on 25Aug23. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.

Rating (Debt Quality)

Instrument Rating
BB
Moderate Risk
BB-
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Date Verified
-
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Outlook
Stable
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Seniority in Repayment
None
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Security
Secured
Investment Calculation (Pre-Tax)

Below is an indicative cash-flow on investment, actual cash-flow may differ.

Face Value
₹10,00,000
Lot Size
100
Minimum Investment
₹10,00,00,000

Cashflow

₹10,00,00,000
09-Jun-22 : Your investment
₹60,00,000
09-Dec-22 : Interest
₹60,00,000
09-Jun-23 : Interest
₹60,00,000
09-Dec-23 : Interest
₹60,00,000
09-Jun-24 : Interest
₹3,33,333
06-Sep-24 : Interest
₹12,43,33,333
06-Sep-24 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹2,43,33,333)

Summary

Instrument Attributes

Value

Coupon Rate

12%

Returns

High

Bond Rating

BB-

Seniority in Repayment

None

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Non-Banking Financial Company (NBFC)
Head Office
HEAD OFFICE
Bangalore
Sector name
SECTOR
Financial Services
Issuer ownership
ISSUER OWNERSHIP
Private Sector

FAQs about INE908I07370 issued by Gmr Enterprises Private Limited

The instrument name of INE908I07370 ISIN is GMR ENTERPRISES PRIVATE LIMITED SR 2 12 NCD 09JU24 FVRS10LAC.
The interest earned from INE908I07370 bond issued by Gmr Enterprises Private Limited is paid Semi Annually, ensuring regular and consistent income for investors.
This INE908I07370 bond issued by Gmr Enterprises Private Limited has been assigned a credit rating of BB- by Infomerics Valuation and Rating Pvt. Ltd, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 12%, which determines the periodic interest payments made to bondholders.
The INE908I07370 Debenture is issued by Gmr Enterprises Private Limited, a Private Sector company.