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NCD Status: Closed [6th Oct 2023 to 19th Oct 2023]
Edelweiss Financial Services issues secured and Redeemable NCD comprises a Base issue size worth of Rs 100 Cr and a Shelf issue size of Rs 200 Cr. The subscription period opens from 6 Oct to 19 Oct 2023. The face value and Issue price is Rs 1000 per NCD.
Check more about the Edelweiss Financial Services NCD 2023 including credit rating, Coupon rates for each series, category allocation, payment frequency, the basis of allotment, and much more.
| NCD Opening Date: | 6th Oct 2023 |
| NCD Closing Date: | 19th Oct 2023 |
| NCD Type: | Secured NCD |
| Issue Size (Base): | ₹100.00Cr |
| Issue Size (Shelf): | ₹200.00Cr |
| 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-/Negative by CRISIL. |
| Series: | Series I to X |
| Payment Frequency: | Monthly and Annually |
| Basis of Allotment: | |
| Interest on return: |
Zerodha Trade@20
| NCD Activity | Date |
|---|---|
| NCD Issue Open | 6th Oct 2023 |
| NCD Issue Close | 19th Oct 2023 |
| BSE Code: | 3174 |
| BSE Script Symbol: | EFSLNCDIX |
* - Tentative Dates
| Category Name | NCD's Reserved | NCD's Allocated |
|---|---|---|
| Institutional | 100000 | 10% |
| Non-Institutional | 100000 | 10% |
| HNI | 400000 | 40% |
| Retail | 400000 | 40% |
Edelweiss Financial Services Ltd (EFSL) is an investment banking company. It provides multiple services including retail and corporate credit, asset reconstruction, asset management (including mutual fund and alternative asset management businesses), life insurance and general insurance, and wealth management services.
The company has a strong pan-India presence with 242 domestic offices and also has 3 international offices. The business has 28 subsidiaries with the total income of the issuer being Rs 1011.50 million and profit amounting to Rs 10.40 million for the quarter ended on 30 June 2023.
Edelweiss Financial Services Limited's revenue increased by 19.69% and profit after tax (PAT) rose by 91.23% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 44,064.27 | 43,279.78 |
| Revenue | 8,632.59 | 7,212.59 |
| Profit After Tax | 405.56 | 212.07 |
| Net Worth | 5,000.22 | 4,125.99 |
| Reserves and Surplus | ||
| Total Borrowing | 2,588.65 | 2,788.65 |
| Amount in ₹ Crore | ||
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
Edelweiss Financial Services Limited NCD Coupon Rates
| # | Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 | Series 7 | Series 8 | Series 9 | Series 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Frequency of Interest Payment | Annual | NA | Monthly | Annual | NA | Monthly | Annual | NA | Monthly | Annual |
| Nature | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured |
| Tenor | 24 Months | 24 Months | 36 Months | 36 Months | 36 Months | 60 Months | 60 Months | 60 Months | 120 Months | 120 Months |
| Coupon (% per Annum) | 8.95% | NA | 9.20% | 9.60% | NA | 9.67% | 10.10% | NA | 10.00% | 10.45% |
| Effective Yield (% per Annum) | 8.94% | 8.95% | 9.59% | 9.59% | 9.60% | 10.10% | 10.09% | 10.10% | 10.46% | 10.44% |
| Amount on Maturity (In Rs.) | Rs 1,000.00 | Rs 1,187.30 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,317.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,618.70 | Rs 1,000.00 | Rs 1,000.00 |
Mr. Rashesh Shah, Mr. Venkatchalam Ramaswamy, Ms. Vidya Shah, and Ms. Aparna T.C. are the company's promoters.
The NCDs proposed to be issued under this Issue have been rated CRISIL AA- /Negative (pronounced as CRISIL double A minus rating with a Negative outlook).
Last Updated on 2023-10-22T06:32:50+00:00
