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 Open | June 3, 2024 |
| NCD Issue Close | June 14, 2024 |
| NCD Issue Size | Base: 200 Cr. | Shelf: 2000 Cr. |
| Price Band | ₹1000 per NCD |
| Interest Rate | Up to 10.49% ** (Annually) |
| Minimum Investment | 10 Bonds (₹10,000) |
| Listing on | BSE, NSE Platform |
| 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 |
| Basis of Allotment | First Come First Serve Basis |
| DRHP Document | Click Here |
| RHP Document | Click 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
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IIFL Samasta Finance NCD Tranche II NCD May 2024 Tenure & Interest Rates
| Opt | Tenure | Payment | Coupon | Eff. Yield |
| 1 | 24 Month | Month | 9.20% | 9.60% |
| 2 | 24 Month | Annual | 9.60% | 9.60% |
| 3 | 36 Month | Month | 9.57% | 10.00% |
| 4 | 36 Month | Annual | 10.00% | 10.00% |
| 5 | 60 Month | Month | 10.03% | 10.50% |
| 6 | 60 Month | Annual | NA | 10.49% |
IIFL Samasta Finance NCD Tranche II NCD Allocation Ratio
| Category | Allocation |
| Institutional | 10% |
| Non-Institutional | 30% |
| HNI | 30% |
| Retail | 30% |
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/
