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NCD Status: Closed [11th Jan 2024 to 15th Jan 2024]
360 ONE Prime Limited is issuing secured and redeemable NCDs with a base issue size of Rs 1000.00 Cr and a shelf issue size of Rs 1500.00 Cr. The subscription period is opening from 11 Jan 2024 to 15 Jan 2024 and the company is issuing Series I to VIII at an issue price of Rs. 1000 per NCD. The lot size of NCD is about 10 lots, so the total cost for NCD is Rs 10,000. The face value of each NCD is Rs. 1000. The tenure of the NCDs is 18, 24, 36, and 60 months with a coupon rate of 8.91% to 9.65% per annum.
Learn more about 360 ONE Prime Limited including credit rating, coupon rates for each series, basis of allotment, payment frequency and more.
| NCD Opening Date: | 11th Jan 2024 |
| NCD Closing Date: | 15th Jan 2024 |
| NCD Type: | Secured NCD |
| Issue Size (Base): | ₹1000.00Cr |
| 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 and 60 months |
| Rating: | “CRISIL AA/Stable” by CRISIL Ratings Limited and “[ICRA]AA (Stable)” by ICRA Limited |
| Series: | Series I to VIII |
| Payment Frequency: | Monthly and Annually |
| Basis of Allotment: | |
| Interest on return: |
Zerodha Trade@20
| NCD Activity | Date |
|---|---|
| NCD Issue Open | 11th Jan 2024 |
| NCD Issue Close | 15th Jan 2024 |
| BSE Code: | 3260 |
| BSE Script Symbol: | 360PL01 |
* - Tentative Dates
| Category Name | NCD's Reserved | NCD's Allocated |
|---|---|---|
| Institutional | 400000 | 20% |
| Non-Institutional | 400000 | 20% |
| HNI | 600000 | 30% |
| Retail | 600000 | 30% |
360 ONE Prime Limited was emerged as “Chephis Capital Markets Limited” on August 31, 1994. It is a wholly-owned subsidiary of 360 ONE WAM Limited, which acts as a lender to the 360 ONE Group. We are registered with the Reserve Bank of India under Section 45-IA of the Reserve Bank of India Act (“ NBFC”) as a non-deposit-taking non-banking financial company and classified as a medium-sized NBFC.
The product range primarily includes loans against securities (LAS), loans against property (LAP) and unsecured loans. Our company offers customized lending solutions, including financing against a combination of liquid and illiquid financial assets, to meet all our clients' financing needs in the form of term loans and advances.
The management team consists of experienced professionals who lead business and support functions and have several years of management experience in leading banks, financial services and asset management companies. They are convinced that the vision and leadership of our management team have contributed to the growth of our company in the past and will continue to determine our strategic direction in the future.
360 ONE Prime Limited's revenue decreased by -10.72% and profit after tax (PAT) dropped by -17.07% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 7,052.41 | 7,719.70 | 6,795.83 | 7,056.85 |
| Revenue | 458.31 | 673.66 | 754.58 | 970.81 |
| Profit After Tax | 172.92 | 234.52 | 282.80 | 156.19 |
| Net Worth | 1,452.41 | 1,394.43 | 1,272.30 | 1,693.77 |
| Reserves and Surplus | ||||
| Total Borrowing | ||||
| 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 |
|---|---|---|---|---|---|---|---|---|
| Frequency of Interest Payment | Monthly | Annual | Monthly | Annual | Monthly | Annual | Monthly | Annual |
| Nature | 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 |
| Coupon (% per Annum) | 8.91% | 9.22% | 9.03% | 9.41% | 9.21% | 9.61% | 9.26% | 9.66% |
| Effective Yield (% per Annum) | 9.26% | 9.27% | 9.40% | 9.40% | 9.60% | 9.60% | 9.65% | 9.65% |
| 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 |
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 2024-01-18T05:33:00+00:00
