The 360 ONE Prime Limited Issue Open was confirmed from May 24, 2024 – June 6, 2024. Read the post to learn about 360 ONE Prime Limited NCD.
Established in 1994, 360 ONE Prime Limited is a company that manages assets and provides various financial services. It is located in Mumbai and is a part of 360 ONE WAM. Formerly known as IIFL Wealth Prime Limited, the company rebranded in 2022 to reflect a more comprehensive and customer-focused approach.
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Key Details Of 360 ONE Prime Limited
Issue Dates
May 24 – June 6
Issue Price
Rs 1000 per NCD
Face Value
Rs 1000 each NCD
Market Lot
1 NCD
360 ONE Prime Limited NCD
The 360 ONE Prime Limited NCD Face Value is Rs 1000 each NCD.
360 ONE Prime Limited NCD Overview
360 ONE Prime Limited, formerly known as IIFL Wealth Prime Limited, is a Mumbai-based company. In 2022, the company underwent a rebranding, adopting the name 360 to represent a comprehensive perspective and ONE to emphasize a customer-centric approach. The company operates in 15 states within India and has a global presence in five countries.
In the financial year 2024, its total revenue from operations amounted to Rs. 894.10 crore. ICRA has given the company a rating of AA, which instills trust among major institutional investors. Over the years, 360 ONE Prime Limited has assisted more than 1,000 customers in obtaining capital for various purposes, including market investments, short-term working capital needs, early-stage debt, and significant acquisitions.
360 ONE Prime Limited NCD 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 |
360 ONE Prime Limited Financial Information
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 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 | 282.80 |
| Net Worth | 1,434.15 | 1,394.18 | 1,271.47 |
| Amount in ₹ Crore | |||
360 ONE Prime Limited 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 Limited NCD Allocation Ratio
| Category | NCD’s Allocated |
|---|---|
| Institutional | 25% |
| Non-Institutional | 25% |
| HNI | 25% |
| Retail | 25% |
Company Profile
360 ONE Prime Limited, established in 1994, is a company that specializes in managing assets. Our services include portfolio and wealth management, treasury, consulting, financial planning, and investment supervision. As a subsidiary of 360 ONE WAM, we prioritize your needs above all else. Our unwavering dedication to delivering long-term performance sets us apart. In addition to exceptional performance, our personalized and innovative approach, coupled with our responsive culture, gives us a competitive advantage.
We demonstrate the 360-One promise through our daily actions. Our culture instills confidence in us to drive ongoing success and create value for all stakeholders. We wholeheartedly embrace and embody these values and behaviors every single day.
Registrar Info
| Name | Link Intime India Private Ltd |
| Phone number | +91-22-4918 6270 |
| Email ID | [email protected] |
| Website | linkintime.co.in |
Contact Details
| Name | 360 ONE Prime Limited |
| Phone number | +91 22 4876 5600 |
| Email ID | [email protected] |
| Website | 360.one |
NCD Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
NCD Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
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