The 360 ONE Prime Issue Open has been confirmed from January 11, 2024 – January 15, 2024.
360 ONE Prime Developers IPO is a fixed price issue of Rs 100.00 Crores. So far, the organisation has assisted more than 1,000 customers in obtaining financing for a variety of purposes, including market investment, covering short-term working capital requirements, early stage debt, and even big acquisitions.
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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.
IPO Overview
360 ONE Prime Limited, established in 1994, is an asset management organisation that provides portfolio and wealth management, treasury, consulting, financial planning, and investment supervision services. It is a subsidiary of 360 ONE WAM. 360 ONE Prime Limited is headquartered in Mumbai. It was previously known as IIFL Wealth Prime Limited. In 2022, the company rebranded, with the term 360 indicating a comprehensive perspective and ONE symbolising a customer-centric strategy.
It has a presence in 15 states and a global reach in five nations. The company’s overall operating revenue for fiscal year 2023 is 673.66 crore. As of September 30, 2023, the company’s loan book is ₹5,310 crore. ICRA has rated the company AA, indicating that significant institutional investors trust it. So far, the organisation has assisted more than 1,000 customers in obtaining financing for a variety of purposes, including market investment, covering short-term working capital requirements, early stage debt, and even big 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 intends to utilize the net proceeds from the issue towards the funding of the following objects:
- For onward lending, financing /refinancing the company’s existing indebtedness, and debt servicing (payment of interest and repayment/prepayment of interest and principal of existing borrowings of the company.
- General corporate purposes.
Registrar Info
| Name | Link Intime India Private Ltd |
| Phone number | +91-22-4918 6270 |
| Email ID | 360one.ncd2023@linkintime.co.in |
| Website | linkintime.co.in |
Contact Details
| Name | 360 ONE Prime Limited |
| Phone number | +91 22 4876 5600 |
| Email ID | nbfc-compliance@360.one |
| Website | 360.one |
IPO Strenghts
- 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.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
