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NCD Status: Closed [3rd Oct 2022 to 17th Oct 2022]
Edelweiss Financial Services NCD of Rs. 200 Cr issue size and Rs 1000 Cr shelf size opens for subscription from 03 Oct to 17 Oct 2022. The company issues series I to X secured and redeemable NCD at an issue size of Rs. 1000 per NCD. One can subscribe to the NCD with a minimum ticket size of Rs. 10,000 (10 NCDs). The NCD tenor is 24, 36, 60 and 120 months with a coupon rate ranging 8.85%-10.10% per annum. Check more about the Edelweiss Financial Services NCD Oct 2022 including credit rating, Coupon rates for each series, the basis of allotment, payment frequency, and more.
| NCD Opening Date: | 3rd Oct 2022 |
| NCD Closing Date: | 17th Oct 2022 |
| NCD Type: | Secured NCD |
| Issue Size (Base): | Rs 200 Cr |
| Issue Size (Shelf): | Rs 1000 Cr |
| Face Value: | Rs 1000 each NCD |
| Issue Price: | Rs 1000 per NCD |
| Market Lot: | 1 NCD |
| Min Order Qty: | 10 NCD |
| Min Order Amount: | Rs 10000 |
| Listing at: | BSE |
| Tenor: | 24, 36, 60, and 120 Months |
| Rating: | CRISIL AA-/ by CRISIL Ratings Ltd and ACUITE AA-/ by Acuite Ratings & Research Ltd |
| Series: | Series I to Series X |
| Payment Frequency: | Monthly, Annual and Cumulative |
| Basis of Allotment: | First Come First Serve Basis |
| Interest on return: |
Zerodha Trade@20
| NCD Activity | Date |
|---|---|
| NCD Issue Open | 3rd Oct 2022 |
| NCD Issue Close | 17th Oct 2022 |
* - Tentative Dates
| Category Name | NCD's Allocated |
|---|---|
| Institutional | 10% |
| Non-Institutional | 10% |
| HNI | 40% |
| Retail | 40% |
Edelweiss Financial Services Limited is an investment banking firm. The company has a PAN-India presence and international network with over 216 domestic offices and 3 international offices. It employed approximately 5833 employees as on June 31, 2022, excluding the Edelweiss Wealth Management offices and employees. The group has 29 subsidiaries and 10 associate companies. It is involved in the businesses like credit (retail and corporate), wealth management, asset management, asset reconstruction, and insurance including life and general insurance businesses through its subsidiaries.
Edelweiss is a publically traded company. In the past two years, the company has doubled its client reach and attracted nearly a million new customers. Due to this, customer assets increased by 1.5 trillion over the same period, reaching 3.6 trillion as of March 2022.
| Edelweiss Financial Services Limited Financials (₹ in Cr) | 31-Mar-2022 | 31-Mar-2021 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | ₹43187.78 | ₹46350.01 | ||||||||
| Total Income | ₹7304.59 | ₹10848.85 | ||||||||
| Net Profit/Loss | ₹212.07 | ₹253.92 |
| Tenure | 24 months | 24 months | 36 months | 36 months | 36 months | 60 months | 60 months | 60 months | 120 months | 120 months |
| Options | I | II | III | IV | V | VI | VII | VIII | IX | X |
|---|---|---|---|---|---|---|---|---|---|---|
| Frequency of Interest Payment | Annual | Cumulative | Monthly | Annual | Cumulative | Monthly | Annual | Cumulative | Monthly | Annual |
| Coupon Rate % Per Annum for NCD holders in category I, II, III & IV | 8.85% | NA | 8.90% | 9.25% | 'NA | 9.35% | 9.75% | NA | 9.65% | 10.10% |
| Effective Yield (% per annum) for NCD holders in category I, II, III, & IV | 8.84% | 8.85% | 9.27% | 9.24% | 9.25% | 9.75% | 9.74% | 9.75% | 10.08% | 10.09% |
| Amount on Maturity for NCD holders in category I, II, III & IV | ₹1,000 | ₹1,185.10 | ₹1,000 | ₹1,000 | ₹1,304.30 | ₹1,000 | ₹1,000 | ₹1,592.75 | ₹1,000 | ₹1,000 |
Mr Rashesh Shah, Venkatchalam Ramaswamy, Vidya Shah and Aparna T.C are the promoters of the company.
The NCDs proposed to be issued under the issue have been rated "CRISIL AA-/" Negative by CRISIL Ratings Limited pronounced as CRISIL AA minus Rating and "ACUITE AA-/" Negative by Acuite Ratings & Research Limited pronounced as ACUITE double A minus.
Last Updated on 2022-10-05T13:52:41+00:00
