360 ONE Prime Tranche II NCD May 2024

    360 one wealth NCD360 ONE Prime Tranche II NCD May 2024 Details & Guidance

    NCD Issue Opens on  24 May 2024
    NCD Issue Closes on 6 June 2024 

    # NCD Guidance is given at the bottom of the post

    About the Company:

    360 ONE Prime is a wholly-owned subsidiary of 360 ONE WAM Limited, operating as a lending vehicle of the 360 ONE group. It is registered as a non-deposit taking non-banking financial company with the Reserve Bank of India under Section 45-IA of the Reserve Bank of India Act (“NBFC”) and classified as a middle layer NBFC.
    Its product suite primarily includes Loans against Securities (LAS), Loan-against-Property (LAP) and unsecured lending products. The Company provides customized lending solutions including financing against a combination of liquid and illiquid financial assets to meet all funding requirements of its clients in form of term loans and advances.
    It has demonstrated sound operational and financial performance over the years and our AUM has grown to Rs. 6,388.27 crore as of March 31, 2024 from Rs. 3,935.63 crore as of March 31, 2022. In terms of disbursements we experienced a significant growth at a CAGR of 16.51%, from Rs. 9,339.81 crores as of March 31, 2022 to Rs. 10,881.59 crores as of March 31, 2024.
    Its total revenues from operations is Rs. 894.10 crore, Rs. 673.66 crore and Rs. 754.57 crore for the Fiscal 2024, Fiscal 2023 and Fiscal 2022, respectively and our profit for Fiscal 2024, Fiscal 2023 and Fiscal 2022 was Rs. 273.63 crore, Rs. 234.52 crore and Rs. 282.80 crore, respectively. 

    Get more details about the company @ https://www.360.one/

     NCD Promoter:
    360 ONE WAM Limited is the company promoter.

    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.

    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 Size Rs 0.50 Crores
    Issue Size (Shelf) Rs 1,500.00 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
    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/s Beacon Trusteeship Limited
    NCD Allocation Ratio  
    Category ? NCD’s Allocated
    Institutional 25%
    Non-Institutional 25%
    HNI 25%
    Retail 25%
    360 ONE Prime Limited NCD Coupon Rates                  
    # Series 1 Series 2 Series 3 Series 4 Series 5 Series 6 Series 7 Series 8 Series 9 Series 10
    Frequency of Interest Payment Monthly Annual Monthly Annual Monthly Annual Monthly Annual Monthly Annual
    Nature Secured Secured Secured Secured Secured Secured Secured Secured Secured Secured
    Tenor 18 Months 18 Months 24 Months 24 Months 36 Months 36 Months 60 Months 60 Months 120 Months 120 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 1,000.00 Rs 1,000.00 Rs 1,000.00 Rs 1,000.00 Rs 1,000.00 Rs 1,000.00 Rs 1,000.00 Rs 1,000.00 Rs 1,000.00 Rs 1,000.00

    360 ONE Prime Tranche II NCD May 2024 Details & Guidance

    Objects of the Issue
    The Net Proceeds raised through the Tranche III Issue will be utilised for the following activities in the ratio provided below:

    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 Financial Information (Restated)

    Company Financials      
    360 ONE Prime Limited Financial Information (Restated)
           
    Period Ended 31 March 2024 31 March 2023 31 March 2022
    Assets 8,132.79 7,719.70 6,795.83
    Revenue 897.21 673.66 754.58
    Profit After Tax 273.63 234.52 282.8
    Net Worth 1,434.15 1,394.18 1,271.47
    Amount in Rs Crore

     

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

    NCD Lead Managers
    Trust Investment Advisors Private Limited
    A.K. Capital Services Limited
    Iifl Securities Ltd
    NCD Registrar
    Link Intime India Pvt ltd

    360 ONE Prime Tranche II NCD May 2024
    Subscription Status on May 24, 2024

    Category Subscription 
    Retail 0.00 T
    Non-Institutional 0.00 T
    Institutional 0.00 T
    Today 0.00 T
       

    360 ONE Prime Tranche II NCD May 2024

    360 ONE Prime Tranche II NCD May 2024 Guidance:
    1. The company has strong parentage and impressive profits.
    2. The NCDs proposed to be issued under this Issue have been rated CRISIL AA/Stable by CRISIL Ratings Limited.
    3. Coupon rates are good.
    4. May Apply/invest in this NCD.