Last updated on December 15, 2023
IIFL Samasta NCD December 2023 Description – IIFL Samasta is an important Non-Banking Finance company – Micro Finance Institution (NBFC MFI) in India that offers innovative and affordable financial products to women who are enrolled as members and organized as a Joint Liability Group (JLG) from unbanked sections in society across rural, semi-urban and urban areas in India.
The company is a subsidiary of IIFL Finance Limited and offers wide range of loans tailored for underserved individuals who lack access to traditional banking services and includes income generation loans (IGL), top-up loans, loan against property, micro enterprise loan, lifestyle and family welfare loans such as dairy cattle loan, sanitation and hygiene, acquisition of daily-use items like cook stoves, water purifiers, solar lights, mobile phones, and other products enhancing their way of life.
As of 30 September 2023, the company had presence in 1,485 branches in the 21 states and one union territory in India, serving an active customer base of 27.20 lakh, as of 30 September 2023.
IIFL Samasta Finance’s average cost of borrowing in Fiscal 2023 and six months period ending 30 September 2023 were 9.98% and 10.49%, respectively. The AUM has grown by 62.75% from INR 6,483.84 crore as of 31 March 2022 to INR 10,552.12 crore as of 31 March 2023. The AUM as of 30 September 2023 is INR 12,195.93 crore.
Promoters of IIFL Samasta Finance – Narayanaswamy Venkatesh, Shivaprakash Deviah, and IIFL Finance Limited
IIFL Samasta NCD December 2023 Details
| Subscription Dates | 4 – 15 December 2023 |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Face Value | INR 1,000 per NCD |
| Issue Price | INR 1,000 per NCD |
| Issue Size (Base Issue) | INR 200 crore |
| Overall Issue Size (including oversubscription) | INR 1,000 crores |
| Minimum Lot Size | 10 NCDs |
| Market Lot | 1 NCD |
| Tenor | 24 months 36 months 60 months |
| Credit Rating | CRISIL AA-/ Positive CRISIL AA-/ Stable ACUITE AA Stable |
| Category Reservation | Category 1 (QIB): 10% Category 2 (NII): 10% Category 3 (HNI): 40% Category 4 (Retail): 40% |
| Basis of Allotment | First Come First Serve |
| Listing On | BSE, NSE |
IIFL Samasta NCD December 2023 – Options and Coupon Rates
| Option | Tenure | Interest Payment | Coupon Rate | Effective Yield | Maturity Amount |
| Series 1 | 24 months | Monthly | 9.21% | 9.59% | INR 1,000 |
| Series 2 | 24 months | Annual | 9.60% | 9.59% | INR 1,000 |
| Series 3 | 36 months | Monthly | 9.57% | 9.99% | INR 1,000 |
| Series 4 | 36 months | Annual | 10.00% | 9.99% | INR 1,000 |
| Series 5 | 60 months | Monthly | 10.03% | 10.49% | INR 1,000 |
| Series 6 | 60 months | Annual | 10.50% | 10.49% | INR 1,000 |
IIFL Samasta Finance Documents
- IIFL Samasta NCD Tranche I Prospectus
- IIFL Samasta NCD Self Prospectus
- IIFL Samasta NCD Draft Self Prospectus
- Upcoming NCDs
IIFL Samasta Finance Non-Convertible Debentures Lead Manager
JM FINANCIAL LIMITED
7th Floor, Cnergy, Appasaheb Marathe Marg,
Prabhadevi Mumbai – 400 025
Phone:Â +91 22 6630 3030
Email:Â [email protected]
Website: jmfl.com
IIFL Samasta Finance Non-Convertible Debentures Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli West
Mumbai – 400 083, Maharashtra
Phone:Â +91 810 811 4949
Email:Â [email protected]
Website:Â www.linkintime.co.in
IIFL Samasta NCD Contact Details
IIFL SAMASTA FINANCE LIMITED
37A, Sannathi Street, Theradi, Thiruvottriyur,
Chennai 600019, Tamil Nadu, India
Phone: +91 80 4291 3588
Email: [email protected]
Website: www.iiflsamasta.com
IIFL Samasta NCD December 2023 Subscription Status (no. of times)
| Date | QIB | NII | HNI | Retail | Total |
|---|---|---|---|---|---|
| 15 Dec 2023 | 10.68 | 2.57 | 1.77 | 2.48 | 3.03 |
| 14 Dec 2023 | 6.11 | 1.77 | 1.30 | 2.25 | 2.21 |
| 13 Dec 2023 | 6.11 | 1.75 | 1.17 | 2.06 | 2.08 |
| 12 Dec 2023 | 5.36 | 1.74 | 1.10 | 1.87 | 1.91 |
| 11 Dec 2023 | 1.07 | 0.20 | 0.62 | 1.37 | 0.72 |
| 8 Dec 2023 | 1.07 | 0.20 | 0.59 | 1.13 | 0.67 |
| 7 Dec 2023 | 0.02 | 0.17 | 1.17 | 0.90 | 0.53 |
| 6 Dec 2023 | 0.02 | 0.15 | 0.30 | 0.69 | 0.27 |
| 5 Dec 2023 | 0.00 | 0.15 | 0.17 | 0.50 | 0.20 |
| 4 Dec 2023 | 0.00 | 0.15 | 0.08 | 0.29 | 0.13 |
IIFL Samasta NCD December 2023 Allotment Status
IIFL Samasta NCD December 2023 allotment status will be updated at the website of Link Intime India Private Limited website. Click on this link to get allotment status.
IIFL Samasta NCD December 2023 FAQs
What is the face value and lot size of IIFL Samasta NCD December 2023?
The NCDs will be issued at a face value of INR 1,000 each NCD and the minimum lot size is 10 NCDs.
What is the frequency of interest payment in IIFL Samasta NCD December 2023?
The frequency of payment for IIFL Samasta NCD is Monthly and Annual.
What is the basis of allotment in IIFL Samasta NCD December 2023 offer?
IIFL Samasta Finance NCDs will be allotted on a First Come First Serve Basis.
