WiseX, India’s leading neo-realty alternative investment platform launches Securitised Debt Instrument (SDI) through its debut opportunity - Navratna SDI. The SDI securities have received an ‘A’ rating from Acuité Ratings & Research Limited and have been listed in the BSE Stock Exchange. The company aims to raise INR 15 Crores through this Navratna SDI opportunity, which will be used to meet the funding requirements of a leading Engineering, Procurement and Construction (EPC) and Operations & Maintenance (O&M) provider, Svaryu Energy.
The receivables from NLC India Limited have been purchased from Svaryu that will be utilised for investor repayments. SDI’s are a SEBI regulated framework that offers investors access to differentiated fixed-income investment opportunities, The Navratna SDI offers a 13.26% IRR to investors with a minimum investment of Rs15 Lacs. With this launch, WiseX expands its product offerings in the alternate investment realm to its 60,000+ users.
Through this unique investment opportunity, investors can leverage WiseX’s track record in efficiently managing deals to earn compelling returns on a monthly and quarterly basis. The future receivables of NLC India Limited, a ‘AAA’ rated Navratna PSE, have been bought by Alpha Yield 023 (Trust) which is managed by a SEBI registered trustee. The trust will issue securities against the investment amount and distribute future receivables as per pay-out schedule. Under the O&M contract of Svaryu with NLC India, receivables are long-term and credible that amounts to 2.2X the investor pay-out. The securities are further backed by cash collaterals and personal guarantees to further safeguard investor interest.
Speaking on the launch & listing of its first SDI, Aryaman Vir, CEO, WiseX said, “As one of the frontrunners in alternative investments in real estate space, we are thrilled to launch our maiden offering in the SDI lineup – Navratna SDI. The Navratna SDI is designed with an aim to empower our retail investors in accessing institutional grade opportunities with curated security and risk-adjusted returns. The introduction of this SDI instrument marks a significant milestone as the launch of a new regulated product vertical at WiseX. We plan on facilitating more than INR 500 crores through such investments by FY 2025.”
Vir, further added, “The alternative investment industry in India has experienced a remarkable surge and is estimated to continue and expand at 26% CAGR by 2028. Against this backdrop, we foresee immense appetite and potential of growth for neo-realty investment products in India. Hence, we are confident that this offering will enable WiseX to tap into a wider investor base with a whole new asset class.”
WiseX has successfully launched multiple & unique alternate investment frameworks since its inception in 2020 and has established trust and credibility among accredited investors. The intricate asset selection helps in delivering long-term stable returns to investors while managing risks. With Navratna SDI, WiseX marks a strong start in the regulated space. The company will continue to look at scaling opportunities to democratise institutional grade investment opportunities.
