Security Name: 11.75% Prestige Projects Private Limited 05 Mar 2027
ISIN: INE757O07049
Taxable
Tax Category
05 Sep, 2025
Call Date
(4 D to call)
Quarterly
Interest Payment Frequency
No
NRI Eligibility
07 Mar, 2024
Allotment Date
05/09/2025
Put Date
07 Jun, 2024
Next Interest Payment Date
15 days
Shut Period
Both
Active on NSDL/CDSL
Non-Guaranteed
Type of Guarantee
No
Perpetual
Private Placement
Mode of Issue
Listed
Listing Details
Non Public Sector Undertaking
Type of Issuer
Quote Not Available
Dirty Price
11.75%
Coupon
Fixed Interest
Coupon Basis
Quote Not Available
Current Yield
23 May, 2024
Record Date
YOUR EARNING
Your Investment
Final Payout
₹0
Error Generating Cashflow 😥. We are looking into this.
*All Interest Payments will be subject to TDS (Not Applicable on Government Securities and Tax Free Bonds)
YOUR RISK
Repayment Priority
Higher the level, higher the priority of investment repayment on default
Security with Collateral?
An investment secured with collateral helps
ISSUER
Prestige Projects Private Limited
The Prestige Group has firmly established itself as one of the leading and most successful developers of real estate in India by imprinting its indelible mark across all asset classes. Founded in 1986, a leap that has been inspired by CMD Irfan Razack and marshalled by his brothers Rezwan Razack and Noaman Razack. The company has diversified over time into a number of related/non-related services, each of them spearheaded by individuals with adroit capacity.
The ratio in FY24 is 7x and it was 9.65x in FY23, indicating decrease in debt level due to incurred profitability compared to net losses in FY23 of the issuer.
Debt/EBITDA
The ratio in FY24 is 2.16x and it was 0.95x in FY23, indicating increase in the debt servicing ability of the issuer due to incurred profit compared to net losses in previous year.
Interest coverage ratio
Recent News
Prestige Group buys 2.3-acre land for ₹704 crore
Mar 27, 2024 | Prestige Projects Private Limited
Prestige Group acquires Prestige (BKC) and Turf Estate Joint Venture for ₹1176 cr
Mar 27, 2024 | Prestige Projects Private Limited
Prestige Estates Q4 Results: Profit plunges 70% YoY to Rs 140 crore
Aug 13, 2024 | Prestige Projects Private Limited
Related Videos
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Price & Yields
The intricate relationship between bond prices and yields
STEPS TO BUY THIS BOND
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To know more about the Bond and the issuer, download the Information Memorandum.
To read about the reasons for the ratings assigned to the Bond, download the Rating Rationale.
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BOND VALUE DETAILS
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Total Investment
| Cashflow for INE757O07049 |
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| Disclaimer: The actual dates and interest amounts can vary depending on Bank closures, holidays etc. Tax Deducted at Source (TDS) is applicable on interest receivable based on relevant tax regulations. You can avail TDS credit while filing your Income Tax Return (ITR). |
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| Security Name |
|---|
| 11.75% Prestige Projects Private Limited 05 Mar 2027 |
| Credit Rating |
|---|
| A by ICRA |
| Coupon Frequency |
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| Quarterly |
| Face Value |
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| ₹1,00,000 |
| Coupon |
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| 11.750000% |
| YTM or YTC |
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| YTC |
| Call Date |
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| 05/09/2025 |
| Security |
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| Senior Secured |
| No. of Bonds |
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| 1 |
| Settlement Date |
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| Principal Amount |
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| ₹NaN |
| Accrued Interest |
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| ₹0 |
| Stamp Duty |
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| ₹0 |
| Total Amount Payable |
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| ₹NaN |
| Price |
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| ₹NaN |
| Yield |
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| Year | Payment Date | Amount | Amount after TDS | Payout Type |
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Quote Not Available for purchase
Disclaimer: Investments in Debt Securities/ Municipal Debt Securities/ Securitised Debt Instruments are subject to risks including delay and/ or default in payment. Read all the Offer Related documents carefully.
Source: Issuer website, Rating Rationale, Issuer Annual Report, Information Memorandum and News from Google.
