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The principal amount of the NCDs to be issued in terms of this Prospectus together with all interest due and payable on the NCDs, thereof shall be secured by way of a charge on a first ranking pari-passu charge (along with banks, financial institutions and other lenders which provide credit facilities to the Issuer) by way of hypothecation over standard asset portfolio of receivables of the Issuer and / or cash / cash equivalent / liquid investments of the Company and / or such other asset, such that a security cover of at least 100% of the outstanding principal amounts of the NCDs and all interest due and payable thereon is maintained at all times until the Maturity Date. Without prejudice to the aforesaid, in the event our Company fails to execute the Debenture Trust Deed within the period specified in Regulation 18(1) of the SEBI NCS Regulations or such other time frame as may be stipulated from time-to-time, our Company shall also pay interest of at least 2% (two per cent) per annum to the NCD holders, over and above the interest rate on the NCDs specified in the Prospectus and the Debenture Trust Deed, till the execution of the Debenture Trust Deed. |
| Issue Details |
| Issue Open |
06-Sep-2024-19-Sep-2024 |
| Security Name |
INDOSTAR CAPITAL FINANCE LIMITED |
| Security Type |
Secured Redeemable Non-Convertible Debentures |
| Issue Size (Base) .Cr |
150 |
| Over subscription |
A GREEN SHOE OPTION OF UP TO RS. 150 CRORE AGGREGATING UP TO RS. 300 CRORE. |
| Issue Price |
1000 |
| Face Value |
1000 |
| Market Lot |
1 |
| Credit Rating |
CARE AA-/Stable by CARE |
| Tenor |
24 months,36 Months,60 months |
| Series |
Series1,Series2,Series3,Series4,Series5 |
| Payment Frequency |
Yearly,At the End,Quarterly |
| Objects of the Issue: |
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PUBLIC ISSUE BY THE COMPANY OF 3000000 SECURED, REDEEMABLE, NON-CONVERTIBLE DEBENTURES OF FACE VALUE RS. 1000 EACH ("NCDs" OR "DEBENTURES"), AMOUNTING TO RS. 150 CRORE ("BASE LIMIT") WITH A GREEN SHOE OPTION OF UP TO RS. 150 CRORE AGGREGATING UP TO RS. 300 CRORE ("LIMIT"). |
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| Company Promoters |
| BCP V Multiple Holdings Pte Ltd |
| Indostar Capital (Mauritius) |
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| Lead Managers |
| 1. Nuvama Wealth Management Limited |
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| Registrar to the Issue |
| 1. LINK INTIME INDIA PRIVATE LIMITED |
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