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 IIFL Samasta Finance Limited NCD | Finogent Solutions LLP

IIFL Samasta Finance Limited NCD | Finogent Solutions LLP

Overview of IIFL Samasta Finance Limited NCD

Established in 1995, IIFL Samasta operates as a Non-Banking Finance Company Micro Finance Institution (NBFC MFI) within India. It is a subsidiary of IIFL Finance Limited and focuses on providing innovative and accessible financial solutions primarily to women, organized as Joint Liability Groups, who lack access to traditional banking services.

IIFL Samasta Finance NCD Tranche I Nov 2023 Detail:

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

NCD Allocation Ratio:

Category ? NCD’s Allocated
Institutional 10%
Non-Institutional 10%
HNI 40%
Retail 40%

Financial Products Offered

IIFL Samasta specializes in offering various financial products tailored for underserved individuals:

  1. Income Generating Loans (IGL): Designed to support new business ventures or expand existing ones.
  2. Top-Up Loans: Additional financial assistance.
  3. Loans Against Property: Utilizing property assets for borrowing.
  4. Micro-Enterprise Loans: Targeted at small-scale businesses.
  5. Lifestyle and Family Welfare Loans: Financing for enhancing quality of life, including loans for acquiring essential items like cook stoves, water purifiers, mobile phones, and more.

NCD Rating

The NCDs (Non-Convertible Debentures) planned for issuance have been rated CRISIL AA-/Positive by CRISIL Ratings Limited, signifying a stable outlook.


The key promoters of IIFL Samasta include various entities and individuals such as Cholamandalam Financial Holdings Limited, Ambadi Investments Limited, and several members from the Muthiah, Alagappan, Vellayan, and Venkatachalam families.

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

Financial Performance

Restated financial information reveals significant growth for IIFL Samasta Finance Limited:

  • Revenue surged by 71.92%.
  • Profit after tax (PAT) witnessed a substantial increase of 153.32% for the fiscal year ending March 31, 2023, compared to the previous year.

Utilization of Proceeds

The company plans to employ the net proceeds from the issue for the following purposes:

  1. Onward Lending and Financing: Providing loans and funding support.
  2. Repayment of Existing Borrowings: Clearing interest and principal amounts of current borrowings.
  3. General Corporate Purposes: Meeting operational and strategic needs.

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