360 ONE Prime Limited NCD (360 ONE Prime Tranche I NCD January 2024) Detail

January 11, 2024 - January 15, 2024

Founded in 1994, 360 ONE Prime Limited is an asset management firm that offers portfolio and wealth management, treasury, consulting, financial planning, and investment supervisory services. It's a subsidiary of 360 ONE WAM.

360 ONE Prime Limited is based in Mumbai. It was formerly known as IIFL Wealth Prime Limited. The company rebranded in 2022, with the name 360 signifying a holistic view and ONE representing a customer-centric approach.

It has a presence in 15 states and an international footprint in five countries. As of the financial year 2023, the company's total revenue from operations is 673.66 crore. As of 30th September 2023, the company's loan book is ₹5,310 crore. The company has been rated AA by ICRA, which is a symbol of trust among large institutional investors. So far, the company has helped over 1,000 customers to obtain capital for various purposes such as investing in the markets, meeting short-term working capital requirements, early stage debt, and even for undertaking large acquisitions.

360 ONE Prime Tranche I NCD January 2024 Detail

Issue Open	January 11, 2024 - January 15, 2024
Security Name	360 ONE Prime Limited
Security Type	Secured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Issue Size (Base)	Rs 1,000.00 Crores
Issue Size (Shelf)	Rs 1,500.00 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
Credit Rating	“CRISIL AA/Stable” by CRISIL Ratings Limited and “[ICRA]AA (Stable)” by ICRA Limited
Tenor	18, 24, 36 and 60 months
Series	Series I to VIII
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	20%
Non-Institutional	20%
HNI	30%
Retail	30%

NCD's Offered by Category

Category	NCD's Reserved
Institutional	400,000
Non-Institutional	400,000
HNI	600,000
Retail	600,000
Total NCD's	2,000,000

360 ONE Prime Limited NCD Coupon Rates

#	Series 1	Series 2	Series 3	Series 4	Series 5	Series 6	Series 7	Series 8
Frequency of Interest Payment	Monthly	Annual	Monthly	Annual	Monthly	Annual	Monthly	Annual
Nature	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
Coupon (% per Annum)	8.91%	9.22%	9.03%	9.41%	9.21%	9.61%	9.26%	9.66%
Effective Yield (% per Annum)	9.26%	9.27%	9.40%	9.40%	9.60%	9.60%	9.65%	9.65%
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

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.

Company Promoters

The promoter of the company is 360 ONE WAM Limited.

Company Financials

360 ONE Prime Limited Financial Information (Restated)

360 ONE Prime Limited's revenue decreased by -10.72% and profit after tax (PAT) dropped by -17.07% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	7,052.41	7,719.70	6,795.83	7,056.85
Revenue	458.31	673.66	754.58	970.81
Profit After Tax	172.92	234.52	282.80	156.19
Net Worth	1,452.41	1,394.43	1,272.30	1,693.77
Reserves and Surplus
Total Borrowing
Amount in ₹ Crore

Objects of the Issue

The company intends to utilize the net proceeds from the issue towards the funding of the following objects:

For onward lending, financing /refinancing the company's existing indebtedness, and debt servicing (payment of interest and repayment/prepayment of interest and principal of existing borrowings of the company.
General corporate purposes.

360 ONE Prime Tranche I NCD January 2024 Prospectus

360 ONE Prime Tranche I NCD January 2024 Subscription Status

The 360 ONE Prime Tranche I NCD January 2024 was subscribed 8.58 times on January 15, 2024 5:00:00 PM. The NCD subscribed 8.68 times in Retail, 6.11 times in HNI, 10.68 times in Non-Institutional, and 10.05 times in the Institutional category.

Category ?	Subscription (times)
Retail	8.68x
HNI	6.11x
Non-Institutional	10.68x
Institutional	10.05x
Total	8.58x

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360 ONE Prime Tranche I NCD January 2024 Rating

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Company Contact Information

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

Phone: +91 22 4876 5600
Email: nbfc-compliance@360.one
Website: https://www.360.one/

360 ONE Prime Tranche I NCD January 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: 360one.ncd2023@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html

360 ONE Prime Tranche I NCD January 2024 Lead Manager(s)

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