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Instrument Details

ISIN: INE894V07029

Face value

₹10,00,000

Coupon rate

9.50%

Payment

Semi Annually

Tax Type

Taxable

Issue Size (Cr)

50

Instrument Type

Debenture

Returns

High

Date of Issue

03 Jun 2020

Maturity Date

06 Feb 2023

Perpetual

Yes

Listing Status

Listed

Rating status

A (CRISIL Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Secured

Asset Coverage

-

Seniority in Repayment

None

Guarantee Type

Non Convertible

About this Bond

BELRISE INDUSTRIES LIMITED TR 2 2023 SR A 9.50 LOA 02JU23 FVRS10LAC
Belrise Industries Limited, a 2/3 Wheelers company, has floated Debenture, having ISIN value as INE894V07029, with a face value of ₹10,00,000 rs on 03Jun20 to raise 50 crores. The debt instrument is issued with a coupon rate of 9.50% 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 9.50% SECURED LISTED RATED REDEEMABLE NON COVNERTIBLE DEBENTURES. LETTER OF ALLOTMENT. TRANCHE 2 2023-SERIES A. DATE OF MATURITY 02/06/2023. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 10Jun20. CRISIL RATINGS LIMITED has given A rating to this Debenture on 24Apr20. This issuer is formerly known as BADVE ENGINEERING LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.

Rating (Debt Quality)

Instrument Rating
A
Adequate Safety
A
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Date Verified
28 Feb 2022
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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
03-Jun-20 : Your investment
₹47,50,000
03-Dec-20 : Interest
₹47,50,000
03-Jun-21 : Interest
₹47,50,000
03-Dec-21 : Interest
₹47,50,000
03-Jun-22 : Interest
₹47,50,000
03-Dec-22 : Interest
₹12,37,50,000
06-Feb-23 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹2,37,50,000)

Summary

Instrument Attributes

Value

Coupon Rate

9.50%

Returns

High

Bond Rating

A

Seniority in Repayment

None

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
2/3 Wheelers
Head Office
HEAD OFFICE
Aurangabad
Sector name
SECTOR
Automobile and Auto Components
Issuer ownership
ISSUER OWNERSHIP
Private Sector

FAQs about INE894V07029 issued by Belrise Industries Limited

The instrument name of INE894V07029 ISIN is BELRISE INDUSTRIES LIMITED TR 2 2023 SR A 9.50 LOA 02JU23 FVRS10LAC.
The interest earned from INE894V07029 bond issued by Belrise Industries Limited is paid Semi Annually, ensuring regular and consistent income for investors.
This INE894V07029 bond issued by Belrise Industries Limited has been assigned a credit rating of A by CRISIL RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 9.5%, which determines the periodic interest payments made to bondholders.
The INE894V07029 Debenture is issued by Belrise Industries Limited, a Private Sector company.
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