The base issue size is Rs 200 crore with an option to retain oversubscription of up to Rs 800 crore. The face value of the NCD is Rs 1,000. With a minimum investment of Rs 10,000 (10 NCDs), the offering caters to a wide range of investors. The NCDs are secured and will be listed on both BSE and NSE.

The NCD has different redemption dates depending on the series. Series I & II have a redemption date of 24 months, Series III & IV have a redemption date of 36 months, and Series V & VI have a redemption date of 60 months. The frequency of interest payment is monthly and annual.

Coupon for NCDs ranges from 9.20% to 10.57% per annum while effective yield (% per annum) ranges from 9.60% to 10.50%.

The credit rating assigned to the NCDs (CRISIL AA- /Watch Developing and ACUITE AA | Rating Watch Negative Implications) indicates some potential for risk.

The funds raised through the NCD issue will be used for onward lending, refinancing existing debt, and general corporate purposes.

IIFL Samasta Finance is a microfinance company in India that provides loans and other financial services to women in rural, semi-urban, and urban areas. They focus on people who do not have access to traditional banking. They offer a variety of loans to help people start businesses, improve their homes, and buy everyday items. They also provide some non-financial services like insurance and financial counseling. IIFL Samasta Finance believes their customer-centric approach and understanding of rural customers helps them stand out from the competition.