Loading...
Guest User
Welcome! Please login.
| Issue Size (Base) | ₹1000.00 Cr |
| Issue Size (Shelf) | ₹2000.00 Cr |
| Face Value | ₹1000 each NCD |
| Issue Price | ₹1000 per NCD |
| Market Lot | 1 NCD |
| Min Order Qty | 10 NCD |
| Min Order Amount | ₹10000 |
| Listing at | BSE, NSE |
| Tenor | 24, 36 and 60 Months |
| Credit Rating | CRISIL AA-/ Positive by CRISIL Ratings Limited |
| Series | Series I to VI |
| Payment Frequency | Monthly and Annually |
IIFL Samasta Finance Limited's revenue increased by 71.92% and profit after tax (PAT) rose by 153.32% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 8,904.10 | 6,394.43 | 4,408.21 |
| Revenue | 1,753.51 | 1,019.93 | 702.20 |
| Profit After Tax | 128.18 | 50.60 | 66.62 |
| Net Worth | |||
| Reserves and Surplus | |||
| Total Borrowing | 3,540.00 | 3,144.00 | 2,215.81 |
| Amount in ₹ Crore | |||
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
| # | Issue Objects |
|---|---|
| 1 | For onward lending, financing, and for repayment of interest and principal of existing borrowings of the Company; and |
| 2 | General corporate purposes. |
| Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 | |
|---|---|---|---|---|---|---|
| Frequency of Interest Payment | Monthly | Annual | Monthly | Annual | Monthly | Annual |
| Nature | Secured | Secured | Secured | Secured | Secured | Secured |
| Tenor | 24 Months | 24 Months | 36 Months | 36 Months | 60 Months | 60 Months |
| Coupon (% per Annum) | 9.21% | 9.60% | 9.57% | 10.00% | 10.03% | 10.50% |
| Effective Yield (% per Annum) | 9.59% | 9.59% | 9.99% | 9.99% | 10.49% | 10.49% |
| 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 |
The NCDs proposed to be issued under this Issue have been rated CRISIL AA-/Positive by CRISIL Ratings Limited, with such ratings considered to have a stable outlook.
IIFL Samasta Finance, a subsidiary of IIFL Group is a Non Banking Financial Company (NBFC). The company offers affordable financial products to women including cultivators, agricultural laborers, vegetable and flower vendors, cloth traders, tailors, craftsmen, etc.
The firm predominantly focuses on rural areas especially customers who lack access to banking sector. Its customer base mostly includes women having an annual household income of upto Rs 300,000.
As of Sept 30, 2023, it is serving 27.20 lakh customers and have 1485 branches in the 21 states and 1 union territory.
As of March 31, 2023, its AUM has been grown from Rs 6,483.84 crore to Rs 10,552.12 crore by 62.75%.
