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360 ONE Prime Limited NCD (360 ONE Prime Tranche II NCD May 2024) Detail

May 24, 2024 - June 6, 2024
360 ONE Prime Limited Logo
Founded in 1994, 360 ONE Prime Limited is an asset management firm that offers portfolio and wealth management, treasury, consulting, financial planning, and investment supervisory services. It's a subsidiary of 360 ONE WAM.
 
360 ONE Prime Limited is based in Mumbai. It was formerly known as IIFL Wealth Prime Limited. The company rebranded in 2022, with the name 360 signifying a holistic view and ONE representing a customer-centric approach.
 
It has a presence in 15 states and an international footprint in five countries. As of the financial year 2024, the company's total revenue from operations is Rs. 894.10 crore. The company has been rated AA by ICRA, which is a symbol of trust among large institutional investors. So far, the company has helped over 1,000 customers to obtain capital for various purposes such as investing in the markets, meeting short-term working capital requirements, early-stage debt, and even undertaking large acquisitions.

360 ONE Prime Tranche II NCD May 2024 Detail

Issue Open May 24, 2024 - June 6, 2024
Security Name 360 ONE Prime Limited
Security Type Secured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Issue Size (Base) Rs 100.00 Crores
Issue Size (Oversubscription)Rs 400.00 Crores
Tranche Issue SizeRs 0.50 Crores
Issue Size (Shelf) Rs 1,500.00 Crores
Tranche NumberII
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, 60 and 120 months
Series Series I to X
Payment Frequency Monthly and Annually
Basis of Allotment First Come First Serve Basis
Debenture Trustee/sBeacon Trusteeship Limited

NCD Allocation Ratio

Category ? NCD's Allocated
Institutional 25%
Non-Institutional 25%
HNI 25%
Retail 25%

NCD's Offered by Category

Category ? NCD's Reserved
Institutional 250,000
Non-Institutional 250,000
HNI 250,000
Retail 250,000
Total NCD's 1,000,000

360 ONE Prime Limited NCD Coupon Rates

#Series 1Series 2Series 3Series 4Series 5Series 6Series 7Series 8Series 9Series 10
Frequency of Interest PaymentMonthlyAnnualMonthlyAnnualMonthlyAnnualMonthlyAnnualMonthlyAnnual
NatureSecuredSecuredSecuredSecuredSecuredSecuredSecuredSecuredSecuredSecured
Tenor18 Months18 Months24 Months24 Months36 Months36 Months60 Months60 Months120 Months120 Months
Coupon (% per Annum)8.86%9.16%8.98%9.35%9.16%9.55%9.21%9.60%9.44%9.85%
Effective Yield (% per Annum)9.22%9.23%9.36%9.35%9.55%9.55%9.60%9.60%9.86%9.84%
Amount on Maturity (In Rs.)Rs 1,000.00Rs 1,000.00Rs 1,000.00Rs 1,000.00Rs 1,000.00Rs 1,000.00Rs 1,000.00Rs 1,000.00Rs 1,000.00Rs 1,000.00

NCD Rating

The NCDs proposed to be issued under this Issue have been rated CRISIL AA/Stable by CRISIL Ratings Limited and ICRA AA (Stable) by ICRA Limited with such ratings considered to have a stable outlook.

Company Financials

360 ONE Prime Limited Financial Information (Restated)

360 ONE Prime Limited's revenue increased by 33.18% and profit after tax (PAT) rose by 16.68% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets8,132.797,719.706,795.83
Revenue897.21673.66754.58
Profit After Tax273.63234.52282.80
Net Worth1,434.151,394.181,271.47
Amount in ₹ Crore

Objects of the Issue

The company intends to utilize the net proceeds from the issue towards the funding of the following objects:

  1. For the purpose of onward lending, financing / refinancing the existing indebtedness of the company, and/or debt servicing (payment of interest and/or repayment/prepayment of interest and principal of existing borrowings of the company)
  2. General Corporate Purpose

360 ONE Prime Tranche II NCD May 2024 Prospectus

360 ONE Prime Tranche II NCD May 2024 Subscription Status

The 360 ONE Prime Tranche II NCD May 2024 was subscribed 3.20 times on June 6, 2024 5:00:00 PM. The NCD subscribed 2.02 times in Retail, 3.29 times in HNI, 7.47 times in Non-Institutional, and 0.01 times in the Institutional category.

Category ?Subscription (times)
Retail2.02x
HNI3.29x
Non-Institutional7.47x
Institutional0.01x
Total3.20x

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360 ONE Prime Tranche II NCD May 2024 Rating

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Company Contact Information

360 ONE Prime Limited
360 ONECentre, Kamala City,
Senapati Bapat Marg, Lower Parel,
Delisle Road, Mumbai – 400 013

Phone: +91 22 4876 5600
Email: nbfc-compliance@360.one
Website: https://www.360.one/

360 ONE Prime Tranche II NCD May 2024 Registrar

Link Intime India Private Ltd
   Link Intime India Private Ltd
   C 101, 247 Park, L.B.S.Marg,
   Vikhroli (West), Mumbai - 400083

Phone: +91-22-4918 6270
Email: 360one.ncd2023@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html


2 Comments

2. SAQUELAIN     Link|July 12, 2024 9:29:20 PM
THIS NCD I GOT BUT WHEN START RECEIVE MONTHLY INTEREST
1. pran     Link|May 23, 2024 8:15:30 AM
doesnt show up in hdfc sec website, how to apply?? I dont want to fill out physical forms
1.2. Vip     Link|May 25, 2024 10:19:01 AM
Try to apply through www.goldenpi.com . I have applied for NCD from here and successfully NCD comes in your demat account after it is issued.
1.3. Kashyap     Link|May 31, 2024 2:28:58 AM
It does appear in HDFC securities portal. Please check

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