centre of mass of the loop - bullet system is R/2 from centre of loop.
By momentum conservation :
mv=2mVcm
Vcm=v/2
Applying angular momentum conservation about the centre of mass.
MVR/2=Iw
I for ring =mr2+m(r/2)2
I of bullet=m(r/2)2
moment of inertia of the system I=6mR2/4
=3/2mR2
mvR2=3/2mR2w
w=v/3R