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NCD Status: Closed [9th Jan 2024 to 22nd Jan 2024]
Edelweiss Financial Services Limited is issuing secured and redeemable NCDs with a base issue size of Rs 125.00 Cr and shelf issue size of Rs 250.00 Cr. The subscription period is opening from 9 Jan 2024 to 22 Jan 2024 and the company is issuing Series I to X at an issue price of Rs. 1000 per NCD. The lot size of NCD is about of 10 lots, so the total cost for NCD is Rs 10,000. The face value of each NCD is Rs. 1000. The tenure of the NCDs is 24, 36, 60 and 120 months with a coupon rate of 8.94% to 10.46% per annum.
Learn more about Edelweiss Financial Services Limited including credit rating, coupon rates for each series, basis of allotment, payment frequency and more.
| NCD Opening Date: | 9th Jan 2024 |
| NCD Closing Date: | 22nd Jan 2024 |
| NCD Type: | Secured NCD |
| Issue Size (Base): | ₹125.00Cr |
| Issue Size (Shelf): | ₹250.00Cr |
| 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 A+/Stable by by CRISIL Ratings Limited and “[ICRA] A+ ” by ICRA Limited |
| 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 | 9th Jan 2024 |
| NCD Issue Close | 22nd Jan 2024 |
| BSE Code: | 3258 |
| BSE Script Symbol: | EFSLNCDX |
* - Tentative Dates
| Category Name | NCD's Reserved | NCD's Allocated |
|---|---|---|
| Institutional | 125000 | 10% |
| Non-Institutional | 125000 | 10% |
| HNI | 500000 | 40% |
| Retail | 500000 | 40% |
Established in November 1995, Edelweiss Financial Services Limited is one of India's leading financial services conglomerates, providing a solid platform to a diversified client base at national and global levels. Their constant and single-minded focus is to understand the needs of the clients and provide the right financial solutions. Their key business lines are present at every stage of a client's financial life, helping them to create, grow and protect wealth.
This diversified business model reflects their experience in the various consumer sectors in India, from industrial giants and large corporates to small businesses and the average Indian urban and rural household.
| Period Ended | 30 Mar 2023 | 30 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 |
The company's promoters are Rashesh Shah, Mr. Venkatchalam Ramaswamy, Ms. Vidya Shah, and Ms. Aparna T.C..
The NCDs proposed to be issued under this Issue have been rated CRISIL A+/Stable by CRISIL Ratings Limited and ICRA A+ (Stable) by ICRA Limited with such ratings considered to have a stable outlook.
Last Updated on 2024-01-25T05:33:04+00:00
