IIFL Samasta Finance Limited NCD: Things To Know Before Applying

IIFL Samasta Finance Limited NCD issue is open on June 3, May 2024 and will close on Tuesday, June 14, 2024. It is a Secured, Redeemable, Non-Convertible Debenture. The base issue size is 200 crore, and the oversubscription issue size remains 800 crore. IIFL Samasta Finance NCD issue price is Rs 1000 per NCD, and the face value is Rs 1000 for each NCD. The minimum lot size is 10 NCD. The basis of allotment is first come and first serve basis. The debenture Trustee is Beacon Trusteeship Limited. The listing is at NSE, BSE, the tenor is of 24, 36 and 60 months. The lead managers of IIFL Samasta Finance Limited NCD are Trust Investment Advisors Private Limited, Nuvama Wealth Management Private Limited, and IIFL Securities Limited. The registrar of this IPO issue is Link Intime India Private Limited. 

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About IIFL Samasta Finance NCD 

IIFL Samasta Finance, established in 1995, is a non-banking microfinance institution based in India offering valuable financial products to women registered as members and organised in a joint liability group. The company is a subsidiary of IIFL Finance limited. IIFL Samasta Finance Limited offers loans specifically designed for underserved individuals who do not have access to traditional banking services. These loans include income-generating loans for starting a new business or expanding an existing business, top-up loans, real estate loans, micro-enterprise loans, and lifestyle and family welfare loans. They offer financing for products that can improve their living conditions, Loans for dairy cattle, sanitation and hygiene loans and loans for everyday items such as cook stoves, water purifiers, cell phones and solar lights. 

Objectives of IIFL Samasta Finance Limited NCD Issue 

The funds received from this NCD issue will be used for the onward lending, financing, and refinancing of the company's existing indebtedness, debt servicing, repayment and prepayment of interest and principal, and fulfillment of general corporate purposes. 

Financial Performance of IIFL Samasta Finance (In Rs Crore) 

IIFL Samasta Finance Limited posted a revenue of Rs 2,770.93 crore and net profit of Rs 503.04 crore for the period ended on 31 March 2024. The revenue increased by 58.02% and PAT increased by 292.45% between the FY ending on 31 March 2024 and 31 March 2023.   

Important Details of IIFL Samasta Finance Limited NCD 2024 

Coupon Rates of IIFL Samasta Finance Limited NCD 

NCD Rating  

The NCD has been rated CRISIL AA by CRISIL Ratings Limited and ACUITE AA by Acuite Ratings & Rese. 

NCD Allocation Ratio 

Institutional 10%, Non-institutional 30%, HNI 30% and Retail 30%.  

Lead Manager of IIFL Samasta Finance Limited NCD 

The lead manager for the IIFL Samasta Finance Limited NCD is Trust Investment Advisors Private Limited, Nuvama Wealth Management Private Limited, IIFL securities Limited.  

How to Apply for IIFL Samasta Finance Limited NCD? 

Wait for the NCD to open for subscription, then click here to apply for this NCD online and in a hassle free way. 

How do you check the allotment status of IIFL Samasta Finance Limited NCD? 

The IIFL Samasta Finance Limited NCD 2024 registrar is Link Intime India Limited. To check your allotment status, please click here. 

FAQs 

1. When will the IIFL Samasta Finance Limited NCD be open for subscription? 

IIFL Samasta Finance Limited NCD issue is open on June, 3 May 2024 and will close on Tuesday, June 14, 2024. 

2. What is the issue size and price of the NCD? 

The base issue size is 200 crore and for oversubscription issue size remains 800 crore. 

3. What are the main objectives of the IIFL Samasta Finance Limited NCD? 

The funds received from this NCD issue will be used for the onward lending, financing, and refinancing of the company's existing indebtedness, debt servicing, repayment and prepayment of interest and principal, and fulfillment of general corporate purposes. 

4. How has IIFL Samasta Finance Limited performed financially? 

IIFL Samasta Finance Limited posted a revenue of Rs 2,770.93 crore and net profit of Rs 503.04 crore for the period ended on 31 March 2024. The revenue increased by 58.02% and PAT increased by 292.45% between the FY ending on 31 March 2024 and 31 March 2023.   

5. What types of financial services does IIFL Samasta Finance offer? 

IIFL Samasta Finance Limited offers loans specifically designed for the unreserved individuals who do not have access to traditional banking services. These loans include  Income Generating Loans for starting a new business or expanding an existing business, top-up loans, real estate loans, micro-enterprise loans and lifestyle and family welfare loans.  

6. How can I apply for the IIFL Samasta Finance Limited NCD ? 

Wait for the NCD to open for subscription, then click here to apply for the IIFL Samasta Finance Limited NCD.  

7. How can I check the allotment status of the NCD? 

The IIFL Samasta Finance Limited NCD registrar is Link Intime India Limited. To check your allotment status, please click here. 

8. What are the tenors and effective yields for the NCD? 

The NCDs offer tenors of 24, 36 and 60 months, with coupon rates varying from 9.20% to 10.50% from Series 1 to Series 6.  

9. Who is the lead manager for the IIFL Samasta Finance Limited NCD? 

Trust Investment Advisors Private Limited, Nuvama Wealth Management Private Limited, and IIFL Securities Limited are the lead managers for the IIFL Samasta Finance Limited NCD.  

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