Key Quantitative Figures

  • Number of NCDs Allotted: 156
  • Face Value per NCD: ₹10,00,000
  • Total Allotment Amount: ₹15,60,00,000 (Rupees Fifteen Crore Sixty Lakh only)
  • This Tranche: Fifth Tranche
  • Cumulative Allotment to Date: 1,102 NCDs
  • Total Issue Size: Up to 1,994 NCDs aggregating to ₹199.40 Crore (Rupees One Hundred Ninety-Nine Crore Forty Lakhs only)

Financial Terms

  • Committed Return: 12% IRR for redemption from project cash flows
  • Redemption Terms: NCDs will be redeemed in full at end of tenor for amount equal to Issue Price plus Committed Return and additional return (if any)
  • Delay Penalty: 3% IRR over and above Committed Return for delays in payment of interest/principal beyond three months from due date

Security Structure

The NCDs are secured by:

  • Exclusive first charge by way of mortgage over project land, leasehold rights, and development share of Grand Omaxe and Rajguru & Bhagat Singh (the "Project")
  • Exclusive first charge by way of hypotothecation over all bank accounts, receivables, and all current and non-current assets (tangible and intangible) of the Project
  • First charge covering all project-related assets including bank accounts, documents, developer rights under project agreements, and insurance policies
  • Exclusive first charge by way of mortgage over Project Resort-A&B, Chandigarh
  • Exclusive first charge by way of hypothecation over all bank accounts, receivables, and all current and non-current assets of Project Resort-A&B, Chandigarh
  • Unconditional and irrevocable personal guarantees from Mr. Rohtas Goel and Mr. Mohit Goel
  • Unconditional and irrevocable corporate guarantees from seven entities: Guild Builders Pvt Ltd., Dream Home Developers Pvt. Ltd., Udal Properties Pvt. Ltd., Advaita Properties Pvt. Ltd., Agasthya Properties Pvt. Ltd., Advay Properties Pvt. Ltd., and Amod Builders Pvt. Ltd.

The security charges are more particularly set out in definitive agreements executed/to be executed by the Company.

Additional Details

  • Listing: Not proposed to be listed
  • Special Rights/Privileges: Not Applicable
  • Payment Comments: Not Applicable
  • Redemption Manner: 100% redemption by end of tenor
  • Cancellation/Termination: Not Applicable

Availability

The intimation is available on company's website www.omaxe.com and stock exchange websites www.nseindia.com and www.bseindia.com.