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Incorporated in 1995, IIFL Samasta is a Non-Banking Finance Company Micro Finance Institution (NBFC MFI) in India that offers innovative and affordable financial products to women enrolled as members and organized as a Joint Liability Group. IIFL Samasta is a subsidiary of IIFL Finance Limited.
| Issue Open | December 4, 2023 - December 15, 2023 |
| Security Name | IIFL Samasta Finance Limited |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Issue Size (Base) | Rs 1,000.00 Crores |
| Issue Size (Shelf) | Rs 2,000.00 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, NSE |
| Credit Rating | CRISIL AA-/ Positive by CRISIL Ratings Limited |
| 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 |
Category  |
NCD's Allocated |
|---|---|
| Institutional | 10% |
| Non-Institutional | 10% |
| HNI | 40% |
| Retail | 40% |
| Category |
NCD's Reserved |
|---|---|
| Institutional | 200,000 |
| Non-Institutional | 200,000 |
| HNI | 800,000 |
| Retail | 800,000 |
| Total NCD's | 2,000,000 |
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) | 9.21% | 9.60% | 9.57% | 10.00% | 10.03% | 10.50% |
| Effective Yield (% per Annum) | 9.59% | 9.59% | 9.99% | 9.99% | 10.49% | 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 |
The NCDs proposed to be issued under this Issue have been rated CRISIL AA-/Positive by CRISIL Ratings Limited, with such ratings considered to have a stable outlook.
The Promoters are Narayanaswamy Venkatesh, Shivaprakash Deviah, and IIFL Finance Limited.
IIFL Samasta Finance Limited's revenue increased by 71.92% and profit after tax (PAT) rose by 153.32% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 8,904.10 | 6,394.43 | 4,408.21 |
| Revenue | 1,753.51 | 1,019.93 | 702.20 |
| Profit After Tax | 128.18 | 50.60 | 66.62 |
| Net Worth | |||
| Reserves and Surplus | |||
| Total Borrowing | 3,540.00 | 3,144.00 | 2,215.81 |
| Amount in ₹ Crore | |||
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
The IIFL Samasta Finance NCD Tranche I Nov 2023 was subscribed 3.03 times on December 15, 2023 6:00:00 PM. The NCD subscribed 2.50 times in Retail, 1.78 times in HNI, 2.57 times in Non-Institutional, and 10.68 times in the Institutional category.
| Category ? | Subscription (times) |
|---|---|
| Retail | 2.50x |
| HNI | 1.78x |
| Non-Institutional | 2.57x |
| Institutional | 10.68x |
| Total | 3.03x |
12 3.5 Rating:  Vote Here ... |
IIFL Samasta Finance Limited
110/3, Lalbagh Main Road
Krishnappa Layout
Bengaluru–560027
Phone: +91 80 4291 3588
Email: secretarial@iiflsamasta.com
Website: http://www.iiflsamasta.com/
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: iiflsamasta.ncd2023@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
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