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IIFL Samasta Finance Limited

Opening : Jun 03, 2024 | Closing : Jun 14, 2024
PUBLIC ISSUE BY IIFL SAMASTA FINANCE LIMITED OF SECURED, RATED, LISTED, REDEEMABLE, NON-CONVERTIBLE DEBENTURES OF FACE VALUE OF ` 1,000/- EACH (THE “NCDs”) VIDE THE SHELF PROSPECTUS DATED NOVEMBER 23, 2023 READ WITH THE ADDENDUM TO THE SHELF PROSPECTUS DATED MAY 15, 2024 AND TRANCHE II PROSPECTUS DATED MAY 24, 2024

₹1,000

Face Value

Taxable

Tax Category

Non-Guaranteed

Guarantee Type

NBFC

Sector

Senior Secured

Secured or Unsecured

No

NRI eligibility

Secured

Nature of Instrument

200 crs + 800 crs

Issue Size

10.50%

Earn interest upto

₹10,000

Min Investment

Info IconFor Retail Individuals: Invest upto INR 10 lakhs
Select
Series
Payment Term
Yield
Tenure
Face Value
Units
Investment
Series I
Monthly
Payment Term
9.60%
Yield
24 Months
Tenure
₹1,000
Face Value
Units
₹0
Investment
Series II
Yearly
Payment Term
9.60%
Yield
24 Months
Tenure
₹1,000
Face Value
Units
₹0
Investment
Series III
Monthly
Payment Term
10%
Yield
36 Months
Tenure
₹1,000
Face Value
Units
₹0
Investment
Series IV
Yearly
Payment Term
10%
Yield
36 Months
Tenure
₹1,000
Face Value
Units
₹0
Investment
Series V
Monthly
Payment Term
10.50%
Yield
60 Months
Tenure
₹1,000
Face Value
Units
₹0
Investment
Series VI
Yearly
Payment Term
10.49%
Yield
60 Months
Tenure
₹1,000
Face Value
Units
₹0
Investment
0
Total Invested In
0
Total NCDs
₹0
Total Amount
About the issuer
IIFL Samasta Finance Limited, an IIFL Group company, is a non-deposit taking NBFC, based out of Bengaluru, Karnataka, a microfinance Institution working for women’s economic empowerment. The company began its microfinance operation in 2008 and as on December 31, 2022, Samasta had a presence in 17 states, catering to more than 20 lakh customers through a network of 1,110 branches spread across 324 districts.
Rating Drivers
BulletPoint-Star

Strong support from IIFL

BulletPoint-Star

Improved Scale of operation

Allocation Ratio
Category
%
Allocation Amount*
Institutional Portion
10%
20 crs
Non Institutional Portion
30%
60 crs
High Net Worth Individuals Portion
30%
60 crs
Retail Individual Portion
30%
60 crs
E-Book
A Product note is the prospectus created by the issuer, and is intended to provide potential investors with essential information to make informed investment decisions. To know more about the Bond, the Issue and the Issuer, download the Product Note!
FREQUENTLY ASKED QUESTIONS

Apply online in few simple steps | Pay via UPI | Minimum investment is ₹10,000 only.

Non-Convertible Debentures (NCDs) are debt securities issued by corporations. NCDs come with a fixed interest rate; hence investors get fixed income. And on maturity, the principal amount is paid back to the investor. You can invest in NCDs in the secondary market; else, you need to participate in the IPO in the Primary Market. The advantage of investing via IPO is that you get NCDs at face value, and the minimum investment is ₹10,000 only.

Retail investors can apply for an IPO both ways – online or offline. The investor has to physically submit the application and cheque in offline mode, which is very time-consuming. If the investment amount is less than or equal to 10 lakhs, you can participate in NCD-IPO online and pay via UPI. UPI integration reduces manual interventions at many stages hence applying via UPI is more reliable.

Note:
Bonds and Debentures are both Debt Securities offering fixed returns. Both Bonds and Debentures behave in the same way. Generally, Bonds and Debentures are collectively addressed as “Bonds”.


SMEST is the first Fintech company that enables investors to invest in NCD-IPOs via UPI. You can participate in NCD IPOs online with few clicks.

UPI stands for Unified Payment Interface. UPI is an instant real-time payment system facilitating interbank transactions. It is developed by the National Payments Corporation of India and regulated by the RBI. UPI ID is a unique address that identifies you in the UPI system.

UPI ID is a unique address that identifies you in the UPI system.
The typical format of UPI ID- customername@UPIhandle
Example- shreya@kotak

You can find the UPI handle in your profile present in the UPI app. For a few of the apps, here we have mentioned the steps to find the UPI handles:

Google Pay App

  • Open the Google Pay app.

  • You can open your Profile page by tapping on the Profile Icon present in the top right corner.

  • You can see Google Pay UPI ID.

Paytm App

  • Open the Paytm App

  • Swipe from the left to open the menu.

  • First, Select Profile, then select settings.

  • If you tap on Saved Payment Details, you can view the UPI ID.

BHIM App

  • Open the BHIM App.

  • From the bottom menu, select Profile.

  • In your Profile, you can see the UPI ID along with a QR code.

You need to download the UPI app of your choice. Once you complete KYC on the app, the UPI handle will be generated. Open your profile in the UPI app. You can see the UPI handle in the profile.

The National Payments Corporation of India has permitted 18 UPI apps for IPO. Here is the list of those 18 apps and their handles.

Permitted UPI Apps for IPO
UPI Handle
BHIM Baroda Pay (Only Android)
@BARODAMPAY
BHIM RBL Pay (Android & iOS)
@rbl
BHIM (Android & iOS)
@upi
BHIM PayWiz (Android)
@idbi
BHIM ALLBANK UPI (only Android)
@allbank
BHIM AUPay (Android & iOS)
@aubank
BHIM Axis Pay (only Android)
@axisbank
BHIM BANDHAN UPI (Android & iOS)
@bandhan
BHIM DLB UPI (Android & iOS)
@dlb
BHIM IndusPay (only Android)
@indus
BHIM KBL UPI (Android)
@kbl
BHIM Lotza UPI (only Android)
@federal
BHIM SBIPay (only Android)
@sbi
BHIM UCO UPI (Android and iOS both)
@uco
BHIM YES PAY (only Android)
@yesbank
Citi Mobile (Android & iOS)
@citi & @citigold
DhanSmart (Android & iOS)
@dlb
DigiBank - DBS (Android & iOS)
@dbs
Freecharge (Android & iOS)
@freecharge
Google Pay (Android & iOS)
@okhdfcbank, @okaxis, @oksbi & @okicici
Groww Pay (Android & iOS)
@yesg
HSBC Simply Pay (Android & iOS)
@hsbc
iMobileby ICICI Bank (only Android)
@icici
IndOASIS (Android and iOS both)
@indianbank, @allbank
Kotak Mobile Banking App (only Android)
@kotak
MobiK wik ( Android & iOS)
@ikwik
Nxt – Union Bank of India ( iOS and Android )
@unionbankofindia, @uboi and @unionbank
Phone-Pe (Android & iOS)
@ybl, @axl, @ibl
SIB Mirror+ (only Android)
@sib
YES Pay Next (android & iOS)
@yespay
Paytm (Android and iOS)
@paytm

To View the updated list of Mobile Applications for using UPI in Debt Public Issues, please click here

Once you submit your IPO application, your Bank will send you an SMS requesting approval of the payment via UPI. You can go to the respective UPI app and approve the payment. By approving the payment, you are accepting the mandate.

After you subscribe to an IPO, ASBA blocks the application amount in your bank account. In the case your IPO application gets rejected, the amount will be released within 1 or 2 working days.

There could be various reasons for the rejection of your IPO applications. A few of the probable causes are listed here.

  • The applicant gives an invalid or incorrect DP ID / Client ID

  • The PAN given in the IPO application is not matching with the PAN associated with the given Demat account.

  • The given Demat account number is wrong.

  • The given Demat account is inactive.

  • If the Demat account is not accessed for a long time, the Demat account becomes Dormant. The maximum duration Demat account can remain unused before it becomes dormant will be mentioned in an agreement made with DP. By paying reactivation fees to your DP, the Demat account can be reactivated.

  • If the UPI mandate is not accepted within 48 hours of placing the application

  • The given UPI handle is invalid

Once the securities are allotted in an IPO, investors will be informed via email and SMS. To check allotment status, investors can visit the registrar’s website or BSE/NSE website. By providing your application number and PAN, you can check the allotment status.
If you have applied for an IPO via SMEST, you can check your allotment status on our platform in the IPO order page under Order History.

National Payments Corporation of India (NPCI) has set a transaction limit of 5,00,000 in the UPI-based payments on the instant inter-bank fund transfer mechanism. Hence, you can't invest more than RS. 5,00,000. However, if you want to invest INR 10 lakhs, you can simply submit two IPO applications online.

Minor can open a Demat account. Guardian can operate the minor’s Demat account and participate in bond IPO. Father is the first guardian; in the absence of the father, the mother becomes the guardian. In the absence of both of the parents, legal guardians can operate the minor's Demat account. Once a minor's Demat account is accessible, the guardian can apply for an IPO like any other participant.

Yes, you can update your mobile number and email id by contacting the Relationship Manager. However, you need to update your contact details before you apply for IPO or after IPO allotment is done.

There are no charges to apply for a Bond IPO via SMEST.

You can find your DP ID and Client ID in the profile section of your broking account. If your DEMAT is with CDSL, both the DP ID and Client ID will be eight digits each. Example: If 5618756495267445 is the Demat number/ID, then DP ID is 56187564 and Client ID 95267445. If your DEMAT is with NSDL - both DP ID and Client ID will be of 8 characters each where the starting characters are ‘IN,’ and the following characters will be numeric. Example: If IN12345612345678 is the Demat number/ID, then DP ID is IN123456 and Client ID 12345678. Alternately, you will find your DP ID and Client ID in your E-CAS statements that are sent to your email id associated with your broking account.

ASBA stands for Application Supported by Blocked Amount. It is an application authorizing the bank to block the money equivalent to the application size. If the application is selected for allotment, an amount equivalent to the allotted issues will be debited from the investor’s bank account. In the case of partial allotment, the amount corresponding to the allotment will be debited from your account, and the rest will be unblocked.

When you cancel your IPO application, all bids in the application will be canceled. However, you can apply again on or before the closing date.

When you cancel the IPO application after funds are blocked by ASBA, your fund will be released within 48 hours of the allotment. In case the fund is not released, you can write to care@smest.in for guidance.

No. NRIs are not eligible to invest in NCD public Issues.

Bond IPOs generally have a maturity period starting 2 years and could extend upto 10 years. Investors have the option to invest in the preferred issue series that have a maturity period and coupon suiting their investment objectives. However, while investors cannot withdraw their investments directly from the issuer, these bonds can be traded in the secondary markets via stock exchanges similar to equity and can be exited prior to maturity or can contact your Relationship Manager at SMEST.

Interest earned through Bond IPOs is subject to TDS. However, the interest earned is taxed as per your marginal rate of taxation. Apart from this, capital gains come into picture depending on when you sell your investments. If you hold your investments until maturity, there is no capital gains that is accrued. To understand the detailed effect of taxation, it’s advised to consult your financial advisor or tax consultant prior to investing.

If you have any inquiries please get in touch with our Customer support at SMEST Call us on 8879966072 or email us at care@smest.in

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