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NCD Status: Closed [4th Dec 2023 to 15th Dec 2023]
IIFL Samasta Finance issues secured and redeemable NCD worth base issue size of Rs 1000 crores and shelf size of Rs 2000 crores. The NCD opens for subscription from 4 Dec to 15 Dec 2023. Investors can subscribe for a minimum ticket size of Rs 10,000 crores or 10 NCDs. The NCD tenor is 24, 36, and 60 months and the coupon rate ranges from 9.21% to 10.50%. Check more details about IIFL Samasta Finance NCD 2023 including credit rating, coupon rates, effective yield, frequency of payment, and a lot more.
| NCD Opening Date: | 4th Dec 2023 |
| NCD Closing Date: | 15th Dec 2023 |
| NCD Type: | Secured NCD |
| Issue Size (Base): | ₹1000.00Cr |
| Issue Size (Shelf): | ₹2000.00Cr |
| 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, NSE |
| Tenor: | 24, 36 and 60 Months |
| Rating: | CRISIL AA-/ Positive by CRISIL Ratings Limited |
| Series: | Series I to VI |
| Payment Frequency: | Monthly and Annually |
| Basis of Allotment: | |
| Interest on return: |
Zerodha Trade@20
| NCD Activity | Date |
|---|---|
| NCD Issue Open | 4th Dec 2023 |
| NCD Issue Close | 15th Dec 2023 |
| BSE Code: | 3219 |
| BSE Script Symbol: | ISFL01 |
| NSE Code: | ISFL01 |
* - Tentative Dates
| Category Name | NCD's Reserved | NCD's Allocated |
|---|---|---|
| Institutional | 200000 | 10% |
| Non-Institutional | 200000 | 10% |
| HNI | 800000 | 40% |
| Retail | 800000 | 40% |
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%.
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:
IIFL Samasta Finance Limited NCD Coupon Rates
| # | 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.
Last Updated on 2023-12-18T05:32:59+00:00
