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NCD Status: Closed [24th May 2024 to 6th Jun 2024]
360 One Prime Tranche II secured NCDS with base issue size of Rs 100 Cr and opens for subscription from 24 May 2024 to 6 June 2024. The NCD issue series is I to X, the tenor is 18, 24, 36, 60, and 120 months, and offers a return of upto 9.86% per annum. The NCD has received credit rating of CRISIL AA/stable and ICRA AA stable.
Know more about 360 One Prime Tranche II NCD May 2024 details including coupon rates, credit rating, frequency of interest payment, yield, and more.
| NCD Opening Date: | 24th May 2024 |
| NCD Closing Date: | 6th Jun 2024 |
| NCD Type: | Secured NCD |
| Issue Size (Base): | ₹100.00Cr |
| Issue Size (Shelf): | ₹1500.00Cr |
| Face Value: | Rs 1000 each NCD |
| Issue Price: | Rs 1000 per NCD |
| Market Lot: | 1 NCD |
| Min Order Qty: | 10 NCD |
| Min Order Amount: | Rs 10000 |
| Listing at: | BSE |
| Tenor: | 18, 24, 36, 60 and 120 months |
| Rating: | CRISIL AA/Stable by CRISIL Ratings Limited and [ICRA] AA (stable) by ICRA Limited. |
| Series: | Series I to X |
| Payment Frequency: | Monthly and Annually |
| Basis of Allotment: | |
| Interest on return: |
Zerodha Trade@20
| NCD Activity | Date |
|---|---|
| NCD Issue Open | 24th May 2024 |
| NCD Issue Close | 6th Jun 2024 |
| BSE Code: | 3444 |
| BSE Script Symbol: | 360PL02 |
* - Tentative Dates
| Category Name | NCD's Reserved | NCD's Allocated |
|---|---|---|
| Institutional | 250000 | 25% |
| Non-Institutional | 250000 | 25% |
| HNI | 250000 | 25% |
| Retail | 250000 | 25% |
360 One Prime Ltd (Earlier IIFL Wealth Prime Ltd) is a RBI registered non-deposit taking non-banking financial company. The company offers multiple product suites including Loans against securities, loans against properties, and unsecured lending products.
As of March 31 2024, the company has a total AUM of Rs 6,388.27 crore and revenue from operations is Rs 894.10 crore. Its secured loan book accounts for 91.28% of the total loan book as of March 31, 2024.
360 ONE Prime Limited's revenue increased by 33.18% and profit after tax (PAT) rose by 16.68% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 8,132.79 | 7,719.70 | 6,795.83 |
| Revenue | 897.21 | 673.66 | 754.58 |
| Profit After Tax | 273.63 | 234.52 | 282.80 |
| Net Worth | 1,434.15 | 1,394.18 | 1,271.47 |
| Amount in ₹ Crore | |||
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
360 ONE Prime Limited NCD Coupon Rates
| # | Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 | Series 7 | Series 8 | Series 9 | Series 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Frequency of Interest Payment | Monthly | Annual | Monthly | Annual | Monthly | Annual | Monthly | Annual | Monthly | Annual |
| Nature | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured |
| Tenor | 18 Months | 18 Months | 24 Months | 24 Months | 36 Months | 36 Months | 60 Months | 60 Months | 120 Months | 120 Months |
| Coupon (% per Annum) | 8.86% | 9.16% | 8.98% | 9.35% | 9.16% | 9.55% | 9.21% | 9.60% | 9.44% | 9.85% |
| Effective Yield (% per Annum) | 9.22% | 9.23% | 9.36% | 9.35% | 9.55% | 9.55% | 9.60% | 9.60% | 9.86% | 9.84% |
| Amount on Maturity (In Rs.) | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 |
The NCDs proposed to be issued under this Issue have been rated CRISIL AA/Stable by CRISIL Ratings Limited and ICRA AA (Stable) by ICRA Limited with such ratings considered to have a stable outlook.
Last Updated on 2024-06-09T06:32:49+00:00
