The IIFL Samasta Finance Limited Issue Open was confirmed from June 3, 2024 – June 14, 2024. Read the post to learn about IIFL Samasta Finance Limited NCD.
Established in 1995, IIFL Samasta is a microfinance institution (NBFC MFI) in India offering innovative and affordable financial products to women registered as members and organized in a Joint Liability Group. IIFL Samasta is a subsidiary of IIFL Finance Limited.
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Key Details Of IIFL Samasta Finance Limited
Issue Dates
June 3–14
Issue Price
Rs 1000 per NCD
Face Value
Rs 1000 each NCD
Market Lot
1 NCD
IIFL Samasta Finance Limited NCD
The IIFL Samasta Finance Limited NCD Face Value is Rs 1000 each NCD.
IIFL Samasta Finance Limited NCD Overview
The business provides loans tailored for marginalized people without access to regular banking. These loans consist of income-generating loans (IGL) for launching or growing a business, additional loans, property loans, small business loans, and loans for personal and family well-being.
The last type of loan provides funds for items that can enhance their quality of life, like loans for livestock, sanitation and hygiene loans, and loans for buying daily essentials like stoves, water filters, phones, and solar lights.
IIFL Samasta Finance Limited NCD Detail
| Issue Open | June 3, 2024 – June 14, 2024 |
| Security Name | IIFL Samasta Finance Limited |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Issue Size (Base) | Rs 200.00 Crores |
| Issue Size (Oversubscription) | Rs 800.00 Crores |
| Tranche Issue Size | Rs 1,000.00 Crores |
| Issue Size (Shelf) | Rs 2,000.00 Crores |
| Tranche Number | II |
| Issue Price | Rs 1000 per NCD |
| Face Value | Rs 1000 each NCD |
| Minimum Lot size | 10 NCD |
| Market Lot | 1 NCD |
| Listing At | BSE, NSE |
| Credit Rating | CRISIL AA-/Watch Developing by CRISIL Ratings Limited and ‘ACUITE AA | Rating Watch Negative Implications’ by Acuite Ratings & Rese |
| Tenor | 24, 36 and 60 Months |
| Series | Series I to VI |
| Payment Frequency | Monthly and Annually |
| Basis of Allotment | First Come First Serve Basis |
| Debenture Trustee/s | Beacon Trusteeship Limited |
IIFL Samasta Finance Limited Financial Information
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 8,132.79 | 7,719.70 | 6,795.83 |
| Revenue | 897.21 | 673.66 | 754.58 |
| Profit After Tax | 273.63 | 234.52 | 282.80 |
| Net Worth | 1,434.15 | 1,394.18 | 1,271.47 |
| Amount in ₹ Crore | |||
IIFL Samasta Finance Limited NCD Coupon Rates
| # | Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 |
|---|---|---|---|---|---|---|
| Frequency of Interest Payment | Monthly | Annual | Monthly | Annual | Monthly | Annual |
| Nature | Secured | Secured | Secured | Secured | Secured | Secured |
| Tenor | 24 Months | 24 Months | 36 Months | 36 Months | 60 Months | 60 Months |
| Coupon (% per Annum) | 9.20% | 9.60% | 9.57% | 10.00% | 10.03% | 10.50% |
| Effective Yield (% per Annum) | 9.60% | 9.60% | 10.00% | 10.00% | 10.50% | 10.49% |
| 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 |
IIFL Samasta Finance Limited NCD Allocation Ratio
Company Profile
Since it started in March 2008, IIFL Samasta has been offering affordable and innovative financial products to women in rural and semi-urban areas who do not have access to banking services. Currently, IIFL Samasta operates in 22 states in India and plays a crucial role in promoting sustainable and inclusive economic growth through its range of responsible financial products and services. We are using new technology to help customers experience the advantages of going digital. Our goal is to generate economic opportunities and enhance living
standards in the areas where we operate.
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 | IIFL Samasta Finance Limited |
| Phone number | +91 80 4291 3588 |
| Email ID | [email protected] |
| Website | iiflsamasta.com |
NCD Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
NCD 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.
