360 ONE Prime NCD January 2024 Description – 360 One Prime, a fully-owned subsidiary of 360 ONE WAM Limited, functions as the lending arm within the 360 ONE group. Its product suite predominantly encompasses Loans against Securities (LAS), Loan-against-Property (LAP), and various unsecured lending products. Offering tailored lending solutions, the company extends financing secured against a combination of liquid and illiquid financial assets. This comprehensive approach ensures the fulfillment of all funding needs for its clients in the form of term loans and advances.
360 One Prime has consistently demonstrated robust operational and financial performance. As of FY 2023, its Assets Under Management (AUM) have surged to INR 4,926.79 crore from INR 3,703.25 crore as of FY 2021. Notably, in terms of disbursements, it has witnessed a remarkable growth at a CAGR of 60.47%, soaring from INR 6,796.02 crores as of FY 2021 (excluding the discontinued public issue funding business) to INR 10,905.84 crores as of FY 2023.
In FY 2023, 360 One Prime reported total revenues from operations at INR 673.66 crore, a comparison to INR 782.59 crore (excluding income from the distribution business at INR 188.06 crore) in FY 2021. The profit for the FY 2023 stood at INR 234.52 crore, marking an increase from INR 156.19 crore recorded in the FY 2021.
Promoters of 360 ONE Prime – 360 ONE WAM Limited (formerly known as IIFL Wealth Management Limited)
360 ONE Prime NCD January 2024 Details
| Subscription Dates | 11 – 15 January 2024 |
| Security Type | Secured, Redeemable, Non-Convertible Debentures |
| Face Value | INR 1,000 per NCD |
| Issue Price | INR 1,000 per NCD |
| Issue Size (Base) | INR 200 crore |
| Overall Issue Size (including oversubscription) | INR 1,000 crores |
| Minimum Lot Size | 10 NCDs |
| Market Lot | 1 NCD |
| Tenor | 18 months 24 months 36 months 60 months |
| Credit Rating | CRISIL AA/Stable [ICRA]AA (stable) |
| Category Reservation | Category 1 (QIB): 20% Category 2 (NII): 20% Category 3 (HNI): 30% Category 4 (Retail): 30% |
| Basis of Allotment | First Come First Serve |
| Listing On | BSE |
360 ONE Prime NCD January 2024 – Options and Coupon Rates
| Option | Tenure | Interest Payment | Coupon Rate | Effective Yield | Maturity Amount |
| Series 1 | 18 months | Monthly | 8.91% | 9.26% | INR 1,000 |
| Series 2 | 18 months | Annual | 9.22% | 9.27% | INR 1,000 |
| Series 3 | 24 months | Monthly | 9.03% | 9.40% | INR 1,000 |
| Series 4 | 24 months | Annual | 9.41% | 9.40% | INR 1,000 |
| Series 5 | 36 months | Monthly | 9.21% | 9.60% | INR 1,000 |
| Series 6 | 36 months | Annual | 9.61% | 9.60% | INR 1,000 |
| Series 7 | 60 months | Monthly | 9.26% | 9.65% | INR 1,000 |
| Series 8 | 60 months | Annual | 9.66% | 9.65% | INR 1,000 |
360 ONE Prime Non-Convertible Debentures Lead Manager
A.K. CAPITAL SERVICES LIMITED
603, 6th Floor, Windsor Off CST Road,
Kalina Santacruz (East), Mumbai – 400 098 Maharashtra
Phone:Â +91 22 6754 6500
Email:Â [email protected]
Website: www.akgroup.co.in
JM FINANCIAL LIMITED
7th Floor, Cnergy, Appasaheb Marathe Marg,
Prabhadevi Mumbai – 400 025
Phone:Â +91 22 6630 3030
Email:Â [email protected]
Website: www.jmfl.com
IIFL SECURITIES LIMITED
24th Floor, One Lodha Place, Senapati Bapat Marg
Lower Parel (West) Mumbai – 400 013
Phone: +91 22 4646 4728
Email:Â [email protected]
Website:Â www.iiflcap.com
360 ONE Prime 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
Telephone:Â +91 810 811 4949
Email:Â [email protected]
Website:Â www.linkintime.co.in
360 ONE Prime NCD Documents
- 360 ONE Prime NCD Tranche I Prospectus
- 360 ONE Prime NCD Shelf Prospectus
- 360 ONE Prime NCD Draft Shelf Prospectus
- Upcoming NCDs
360 ONE Prime NCD Contact Details
360 ONE PRIME LIMITED
360 ONE Centre, Kamala City, Senapati Bapat Marg,
Lower Parel, Delisle Road, Mumbai – 400 013, Maharashtra
Phone: +91 22 4876 5600
Email: [email protected]
Website: www.iiflwealthprime.com
360 ONE Prime NCD January 2024 Subscription Status (no. of times)
| Date | Qib | NII | HNI | Retail | Total |
|---|---|---|---|---|---|
| 15 Jan 2024 | 10.05 | 10.68 | 6.11 | 8.68 | 8.58 |
| 12 Jan 2024 | 10.05 | 10.65 | 5.87 | 8.48 | 8.44 |
| 11 Jan 2024 | 10.05 | 10.40 | 5.79 | 8.29 | 8.31 |
360 ONE Prime NCD January 2024 Allotment Status
360 ONE Prime NCD January 2024 allotment status will be available on Link Intime’s website. Click on Link Intime IPO weblink to get allotment status.
360 ONE Prime NCD January 2024 FAQs
What is the face value and lot size of 360 ONE Prime NCD January 2024?
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 interest payment frequency in 360 ONE Prime NCD January 2024?
The frequency of payment for 360 ONE Prime NCD is Monthly and Annual.
What is the basis of allotment in 360 ONE Prime NCD January 2024 offer?
360 ONE Prime NCDs will be allotted on a First Come First Serve Basis.
