360 ONE Prime NCD May 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 2024, its Assets Under Management (AUM) have surged to INR 6,388.27 crore from INR 3,935.63 crore as of FY 2022. Notably, in terms of disbursements, it has witnessed a remarkable growth at a CAGR of 16.51%, soaring from INR 9,339.81 crores as of FY 2022 (excluding the discontinued public issue funding business) to INR 10,881.59 crores as of FY 2024.
In FY 2024, 360 One Prime reported total revenues from operations at INR 894.10 crore, a comparison to INR 673.66 crore in FY 2023. The profit for FY 2024 stood at INR 273.63 crore, marking an increase from INR 234.52 crore recorded in FY 2023. As of 31 March 2024, the company has 59 employees.
Promoters of 360 ONE Prime – 360 ONE WAM Limited (formerly known as IIFL Wealth Management Limited)
360 ONE Prime NCD May 2024 Details
| Subscription Dates | 24 May – 6 June 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 100 crore |
| Overall Issue Size (including oversubscription) | INR 5000 crores |
| Minimum Lot Size | 10 NCDs |
| Market Lot | 1 NCD |
| Tenor | 18 months 24 months 36 months 60 months 120 months |
| Credit Rating | CRISIL AA/Stable [ICRA]AA (stable) |
| Category Reservation | Category 1 (QIB): 25% Category 2 (NII): 25% Category 3 (HNI): 25% Category 4 (Retail): 25% |
| Basis of Allotment | First Come First Serve |
| Listing On | BSE |
360 ONE Prime NCD May 2024 – Options and Coupon Rates
| Option | Tenure | Interest Payment | Coupon Rate | Effective Yield | Maturity Amount |
| Series 1 | 18 months | Monthly | 8.86% | 9.22% | INR 1,000 |
| Series 2 | 18 months | Annual | 9.16% | 9.23% | INR 1,000 |
| Series 3 | 24 months | Monthly | 8.98% | 9.36% | INR 1,000 |
| Series 4 | 24 months | Annual | 9.35% | 9.35% | INR 1,000 |
| Series 5 | 36 months | Monthly | 9.16% | 9.55% | INR 1,000 |
| Series 6 | 36 months | Annual | 9.55% | 9.55% | INR 1,000 |
| Series 7 | 60 months | Monthly | 9.21% | 9.60% | INR 1,000 |
| Series 8 | 60 months | Annual | 9.60% | 9.60% | INR 1,000 |
| Series 9 | 120 months | Monthly | 9.44% | 9.86% | INR 1,000 |
| Series 10 | 120 months | Annual | 9.85% | 9.84% | INR 1,000 |
360 ONE Prime Non-Convertible Debentures Lead Manager
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
TRUST INVESTMENT ADVISORS PRIVATE LIMITED
109/110, Balarama, Bandra Kurla Complex,
Bandra East, Mumbai – 400 051
Phone: +91 22 40845000
Email:Â [email protected]
Website:Â www.trustgroup.in
A.K. CAPITAL SERVICES LIMITED
603, 6th Floor, Windsor, Off CST Road, Kalina,
Santacruz (East), Mumbai – 400 098, Maharashtra
Phone: +91 22 6754 6500
Email:Â [email protected]
Website:Â www.akgroup.co.in
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 II 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 May 2024 Subscription Status (no. of times)
| Date | QIB | NII | HNI | Retail | Total |
|---|---|---|---|---|---|
| 6 Jun 2024 | 0.01 | 6.63 | 2.66 | 1.91 | 2.80 |
| 5 Jun 2024 | 0.01 | 6.63 | 2.66 | 1.91 | 2.80 |
| 4 Jun 2024 | 0.01 | 6.63 | 2.61 | 1.82 | 2.77 |
| 3 Jun 2024 | 0.01 | 6.59 | 2.57 | 1.74 | 2.73 |
| 31 May 2024 | 0.01 | 6.59 | 2.50 | 1.56 | 2.66 |
| 30 May 2024 | 0.01 | 6.59 | 1.44 | 1.45 | 2.37 |
| 29 May 2024 | 0.01 | 6.51 | 1.39 | 1.32 | 2.31 |
| 28 May 2024 | 0.01 | 5.91 | 1.27 | 1.26 | 2.11 |
| 27 May 2024 | 0.01 | 5.01 | 1.12 | 1.02 | 1.79 |
| 24 May 2024 | 0.01 | 4.27 | 0.37 | 0.64 | 1.32 |
360 ONE Prime NCD May 2024 Allotment Status
360 ONE Prime NCD May 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 May 2024 FAQs
What is the face value and lot size of 360 ONE Prime NCD May 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 May 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 May 2024 offer?
360 ONE Prime NCDs will be allotted on a First Come First Serve Basis.
