The 360 ONE Prime Issue Open was confirmed from January 11, 2024, to January 15, 2024. Read the post to learn about 360 ONE Prime GMP.
The Rs.100.00 crore 360 ONE Prime Developers IPO is a fixed- price offering. Over 1,000 clients have served from the organization’s backing in securing funding therefore far for colorful uses, similar as market investment, meeting critical operating cash requirements, early- stage debt, and indeed significant acquisitions.
Start your investing journey today. Find the latest information on Upcoming NCD.
Key Details Of 360 ONE Prime NCD Price:
Bidding Dates
January 11-15
Issue Price
Rs 1,000.00 Crores
Face Value
Rs 1000 each NCD
Market Lot
1 NCD
360 ONE Prime NCD
The 360 ONE Prime NCD Face Value is Rs 1000 each NCD.
360 ONE Prime NCD Overview
360 ONE Prime Limited, innovated in 1994, is an asset management firm that offers portfolio and wealth management, treasury, consulting, fiscal planning, and investment administrative services. It’s a subsidiary of 360 ONE WAM. 360 ONE Prime Limited is headquartered in Mumbai. It was previously called IIFL Wealth Prime Limited. In 2022, the corporation rebranded, with 360 signifying a holistic vision and ONE representing a customer- centric strategy.
It’s present in fifteen states and five other countries worldwide. For the financial year 2023, the company’s total functional revenue is 673.66 crore. As of September 30, 2023, the company’s loans are ₹ 5,310 crore. The company has an ICRA rating of AA, meaning that major institutional investors have faith in it. Over 1,000 clients have served from the organization’s assistance in securing funding therefore far for colorful uses, similar as market investment, meeting critical operating cash needs, early- stage debt, and indeed significant acquisitions.
360 ONE Prime NCD Detail
| Issue Open | January 11, 2024 – January 15, 2024 |
| Security Name | 360 ONE Prime Limited |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Issue Size (Base) | Rs 1,000.00 Crores |
| Issue Size (Shelf) | Rs 1,500.00 Crores |
| Issue Price | Rs 1000 per NCD |
| Face Value | Rs 1000 each NCD |
| Minimum Lot size | 10 NCD |
| Market Lot | 1 NCD |
| Listing At | BSE |
| Credit Rating | “CRISIL AA/Stable” by CRISIL Ratings Limited and “[ICRA]AA (Stable)” by ICRA Limited |
| Tenor | 18, 24, 36 and 60 months |
| Series | Series I to VIII |
| Payment Frequency | Monthly and Annually |
| Basis of Allotment | First Come First Serve Basis |
| Debenture Trustee/s | Beacon Trusteeship Limited |
360 ONE Prime Limited Financial Information
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 7,052.41 | 7,719.70 | 6,795.83 | 7,056.85 |
| Revenue | 458.31 | 673.66 | 754.58 | 970.81 |
| Profit After Tax | 172.92 | 234.52 | 282.80 | 156.19 |
| Net Worth | 1,452.41 | 1,394.43 | 1,272.30 | 1,693.77 |
| Reserves and Surplus | ||||
| Total Borrowing | ||||
| Amount in ₹ Crore | ||||
360 ONE Prime Limited NCD Coupon Rates
| # | Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 | Series 7 | Series 8 |
|---|---|---|---|---|---|---|---|---|
| Frequency of Interest Payment | Monthly | Annual | Monthly | Annual | Monthly | Annual | Monthly | Annual |
| Nature | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured |
| Tenor | 18 Months | 18 Months | 24 Months | 24 Months | 36 Months | 36 Months | 60 Months | 60 Months |
| Coupon (% per Annum) | 8.91% | 9.22% | 9.03% | 9.41% | 9.21% | 9.61% | 9.26% | 9.66% |
| Effective Yield (% per Annum) | 9.26% | 9.27% | 9.40% | 9.40% | 9.60% | 9.60% | 9.65% | 9.65% |
| 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 | Rs 1,000.00 | Rs 1,000.00 |
360 ONE Prime Limited NCD Allocation Ratio
Company Profile
Objects of the Issue
The company plans to use the net proceeds from the offering to fund the following objects:
- For further lending, financing or refinancing the business’s current debt and debt servicing( interest payment and principal and interest repayment of the company’s current borrowings).
- Common business objectives.
Registrar Info
| Name | Link Intime India Private Ltd |
| Phone number | +91-22-4918 6270 |
| Email ID | [email protected] |
| Website | linkintime.co.in |
Contact Details
| Name | 360 ONE Prime Limited |
| Phone number | +91 22 4876 5600 |
| Email ID | [email protected] |
| Website | 360.one |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- We need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Leave a Reply