Instrument Details

ISIN: INE366U08069

Face value

₹100

Coupon rate

20%

Payment

Quarterly

Tax Type

Taxable

Issue Size (Cr)

2.94

Instrument Type

Debenture

Returns

High

Date of Issue

10 Mar 2017

Maturity Date

03 Oct 2027

Perpetual

Yes

Listing Status

Unlisted

Rating status

BB (CARE Ratings)

Call Option

Available

Put Option

Not Available

Security with Collaterals

Unsecured

Asset Coverage

-

Seniority in Repayment

None

Guarantee Type

Fully Convertible

About this Bond

HERITAGE MAX REALTECH PRIVATE LIMITED SR-III 20 LOA 10MR27 FVRS100
Heritage Max Realtech Private Limited, a Residential, Commercial Projects company, has floated Debenture, having ISIN value as INE366U08069, with a face value of ₹100 rs on 10Mar17 to raise 2.94 crores. The debt instrument is issued with a coupon rate of 20% and its interest is paid Quarterly. 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 Unsecured Debenture is 20% UNSECURED REDEEMABLE OPTIOANLLY CONVERTIBLE DEBENTURES. SERIES III. LETTER OF ALLOTMENT. DATE OF CONVERSION 10/03/2027. This instrument is issued in Rights Issue mode. It has Compounding coupon type with Full Redemption option. The Bond is Not listed on any stock exchange. CARE Ratings Limited has given BB rating to this Debenture on 01Jan70. 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
04 Jan 2024
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Outlook
Stable
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Seniority in Repayment
None
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Security
Unsecured
Investment Calculation (Pre-Tax)

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

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

Cashflow

₹10,000
10-Mar-17 : Your investment
₹500
10-Jun-17 : Interest
₹500
10-Sep-17 : Interest
₹500
10-Dec-17 : Interest
₹500
10-Mar-18 : Interest
₹500
10-Jun-18 : Interest
₹500
10-Sep-18 : Interest
₹500
10-Dec-18 : Interest
₹500
10-Mar-19 : Interest
₹500
10-Jun-19 : Interest
₹500
10-Sep-19 : Interest
₹500
10-Dec-19 : Interest
₹500
10-Mar-20 : Interest
₹500
10-Jun-20 : Interest
₹500
10-Sep-20 : Interest
₹500
10-Dec-20 : Interest
₹500
10-Mar-21 : Interest
₹500
10-Jun-21 : Interest
₹500
10-Sep-21 : Interest
₹500
10-Dec-21 : Interest
₹500
10-Mar-22 : Interest
₹500
10-Jun-22 : Interest
₹500
10-Sep-22 : Interest
₹500
10-Dec-22 : Interest
₹500
10-Mar-23 : Interest
₹500
10-Jun-23 : Interest
₹500
10-Sep-23 : Interest
₹500
10-Dec-23 : Interest
₹500
10-Mar-24 : Interest
₹500
10-Jun-24 : Interest
₹500
10-Sep-24 : Interest
₹500
10-Dec-24 : Interest
₹500
10-Mar-25 : Interest
₹500
10-Jun-25 : Interest
₹500
10-Sep-25 : Interest
₹500
10-Dec-25 : Interest
₹500
10-Mar-26 : Interest
₹500
10-Jun-26 : Interest
₹500
10-Sep-26 : Interest
₹500
10-Dec-26 : Interest
₹500
10-Mar-27 : Interest
₹500
10-Jun-27 : Interest
₹500
10-Sep-27 : Interest
₹63
03-Oct-27 : Interest
₹31,063
03-Oct-27 : Maturity amount (Investment: ₹10,000, Interest earned: ₹21,063)

Summary

Instrument Attributes

Value

Coupon Rate

20%

Returns

High

Bond Rating

BB

Seniority in Repayment

None

Instrument Category

Fully Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Residential, Commercial Projects
Head Office
HEAD OFFICE
New Delhi
Sector name
SECTOR
Realty
Issuer ownership
ISSUER OWNERSHIP
Private Sector

FAQs about INE366U08069 issued by Heritage Max Realtech Private Limited

The instrument name of INE366U08069 ISIN is HERITAGE MAX REALTECH PRIVATE LIMITED SR-III 20 LOA 10MR27 FVRS100.
The interest earned from INE366U08069 bond issued by Heritage Max Realtech Private Limited is paid Quarterly, ensuring regular and consistent income for investors.
This INE366U08069 bond issued by Heritage Max Realtech Private Limited has been assigned a credit rating of BB by CARE Ratings Limited, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 20%, which determines the periodic interest payments made to bondholders.
The INE366U08069 Debenture is issued by Heritage Max Realtech Private Limited, a Private Sector company.