IIFL Samasta Finance NCD Tranche II NCD May 2024 – Effective Yield 10.49% p.a.

IIFL Samasta Finance NCD Tranche II Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) subscription to start on June 3, 2024. IIFL Samasta Finance NCD Tranche II will offer 10.49% interest rates on the NCDs. IIFL Samasta Finance NCD Tranche II NCD has a rating of CRISIL AA-/Watch Developing by CRISIL Ratings Limited and 'ACUITE AA | Rating Watch Negative Implications' by Acuite Ratings & Rese The NCDs tenure is for 24, 36 and 60 months. Check out IIFL Samasta Finance NCD Tranche II NCD 2024 details here.

IIFL Samasta Finance Limited ncd

Table of Contents

IIFL Samasta Finance Limited is a systematically important Non-Banking Finance (non-deposit accepting or holding) Company – Micro company-finance institution (NBFC MFI) in India that offers innovative and affordable financial products to women who are enrolled as members and organized as a Joint Liability Group (JLG) from unbanked sections in society including encompassing cultivators, agricultural laborers, vegetable and flower vendors, cloth traders, tailors, craftsmen, as well as household and industrial workers across rural, semi-urban and urban areas in India. Their Company is a subsidiary of IIFL Finance Limited. They offer a wide range of loans tailored for under served individuals who lack access to traditional banking services and include income generation loans (IGL) (to establish a new enterprise or expand an existing business), top-up loans, loan against property, micro-enterprise loan, Lifestyle and Family Welfare loans such as dairy cattle loan, sanitation and hygiene, acquisition of daily-use items like cook stoves, water purifiers, solar lights, mobile phones, and other products enhancing their way of life. Going beyond its financial services, the Company also provides non-financial services, including life and hospital insurance, along with financial counseling, ensuring comprehensive support for its valued customers.


IIFL Samasta Finance NCD Tranche II Tranche I NCD May 2024 Details

NCD Issue OpenJune 3, 2024
NCD Issue CloseJune 14, 2024
NCD Issue SizeBase: 200 Cr. | Shelf: 2000 Cr.
Price Band₹1000 per NCD
Interest RateUp to 10.49% ** (Annually)
Minimum Investment10 Bonds (₹10,000)
Listing onBSE, NSE Platform
Credit RatingCRISIL AA-/Watch Developing by CRISIL Ratings Limited and ‘ACUITE AA |
Rating Watch Negative Implications’ by Acuite Ratings & Rese
Tenor24, 36 and 60 Months
Basis of AllotmentFirst Come First Serve Basis
DRHP DocumentClick Here
RHP DocumentClick Here

IIFL Samasta Finance NCD Tranche II NCD May 2024 Promoters

  • Mr. Narayanaswamy Venkatesh, Mr. Shivaprakash Deviah, and IIFL Finance Limited are promoters and is a professionally managed company.

How to Apply IIFL Samasta Finance NCD Tranche II NCD May 2024 Issue?

You can apply from your existing Demat account online and offline. You can apply by downloading the form from the official website and filling up all the details with the cheque for the said amount. You can submit it to the collection centers.

IIFL Samasta Finance NCD Tranche II NCD Review

  • Avoid

IIFL Samasta Finance NCD Tranche II NCD May 2024 Tenure & Interest Rates

OptTenurePaymentCouponEff. Yield
124 MonthMonth9.20%9.60%
224 MonthAnnual9.60%9.60%
336 MonthMonth9.57%10.00%
436 MonthAnnual10.00%10.00%
560 MonthMonth10.03%10.50%
660 MonthAnnualNA10.49%

IIFL Samasta Finance NCD Tranche II NCD Allocation Ratio

CategoryAllocation
Institutional10%
Non-Institutional30%
HNI30%
Retail30%

IIFL Samasta Finance NCD Tranche II NCD May 2024 Lead Manager

  • Trust Investment Advisors Private Limited
  • Nuvama Wealth Management Limited
  • Iifl Securities Ltd

IIFL Samasta Finance NCD Tranche II NCD May 2024 Allotment Status

  • IIFL Samasta Finance NCD Tranche II NCD issue allotment available on Linkintime.

IIFL Samasta Finance NCD 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: [email protected]
Website: https://linkintime.co.in/initial_offer/public-issues.html

Company Information

IIFL Samasta Finance Limited
110/3, Lalbagh Main Road,
Krishnappa Layout,
Bengaluru–560027
Phone: +91 80 4291 3588
Email: [email protected]
Website: http://www.iiflsamasta.com/

IIFL Samasta Finance NCD Tranche II NCD May 2024 FAQs:


When is IIFL Samasta Finance NCD Tranche II NCD Open?

IIFL Samasta Finance NCD Tranche II NCD is to open on June 3 and close on June 14, 2024.

What is IIFL Samasta Finance NCD Tranche II NCD Price?

The company has fixed the price at ₹1000 per NCD.

What is IIFL Samasta Finance NCD Tranche II NCD Issue Size?

The NCD issue size is ₹200 crores.

On Which platform the IIFL Samasta Finance NCD Tranche II NCD will list?

IIFL Samasta Finance NCD Tranche II NCD will list on BSE and NSE Platforms.

How to apply for IIFL Samasta Finance NCD Tranche II NCD?

You can apply from your existing Demat account online and offline.

    Share the Post:
    Facebook
    Twitter
    LinkedIn

    Follow IPO Watch for the upcoming IPO news and their reviews, also keep following us on TwitterFacebook, and Instagram. For our latest videos, subscribe to our YouTube channel.

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    OPEN DEMAT ACCOUNT