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NCD Status: Closed [6th Apr 2023 to 21st Apr 2023]
Edelweiss Financial Services Limited issues secured and Redeemable NCD comprises Base issue size worth of Rs 200.00 Cr and Shelf issue size of worth Rs 400.00 Cr. The subscription is opening from 06 Apr 2023 to 21 Apr 2023. The company issues series I to X at an issue price of Rs. 1000 per NCD. One can subscribe to the NCD with a minimum ticket size of Rs. 10,000 (10 NCDs) . The face value of each NCD is Rs 1000. The NCD tenor is 24, 36, 60 and 120 months with a coupon rate ranging from 8.94% - 10.46% per annum.
Check more about the Edelweiss Financial Services Limited including credit rating, Coupon rates for each series, the basis of allotment, payment frequency, and more.
| NCD Opening Date: | 6th Apr 2023 |
| NCD Closing Date: | 21st Apr 2023 |
| NCD Type: | Secured NCD |
| Issue Size (Base): | ₹200.00Cr |
| Issue Size (Shelf): | ₹400.00Cr |
| 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 Ratings Limited and ACUITE AA-/ Negative by Acuité Ratings & Research Limited |
| Series: | Series I to X |
| Payment Frequency: | Monthly, Annual and Cumulative |
| Basis of Allotment: | |
| Interest on return: |
Zerodha Trade@20
| NCD Activity | Date |
|---|---|
| NCD Issue Open | 6th Apr 2023 |
| NCD Issue Close | 21st Apr 2023 |
| BSE Code: | 2979 |
| BSE Script Symbol: | EFSLNCDVII |
* - Tentative Dates
| Category Name | NCD's Reserved | NCD's Allocated |
|---|---|---|
| Institutional | 200000 | 10% |
| Non-Institutional | 200000 | 10% |
| HNI | 800000 | 40% |
| Retail | 800000 | 40% |
Edelweiss Financial Services Limited was incorporated in Nov 1995. started operations as an investment banking firm after receipt of a Category II license from SEBI. Edelweiss Capital Limited subsequently received a Category I Merchant Banker license from SEBI with effect from October 16, 2000. The name of Edelweiss Capital Limited was changed to Edelweiss Financial Services Limited with effect from August 1, 2011.
After commencing the business as an investment banking firm, the Company, through its subsidiaries has diversified its businesses to include credit including retail and corporate credit, asset management including mutual fund and alternatives asset management businesses, asset construction, insurance both life and general insurance business, and wealth management businesses. However, the Edelweiss Wealth Management (EWM) Business and Edelweiss all Gallagher Insurance Brokers Limited (EGIBL) have ceased to be a subsidiary of this company with effect from March 26, 2021, and October 18, 2021, respectively.
They believe that their diversified business strategy has improved the resilience of its business model across economic cycles. They constantly pursue innovation and invest in new ideas, newer products and newer alternate channels of delivery. They seek to add significant value by providing new and innovative products and services and are committed to focusing on six key vectors in its journey into the future people management, cost management, risk management, technology, customer experience and innovation while adhering to their business principles which emphasis placing their clients interests first, commitment to excellence and innovation and teamwork.
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-22 | 43,187.78 | 7,304.60 | 212.08 |
| Amount in ₹ Crore | |||
The proceeds from the issue will be used for the following objects:
1. For repayment/prepayment of interest and principal of existing borrowings.
2. General corporate purposes.
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 | Cumulative | Monthly | Annual | Cumulative | Monthly | Annual | Cumulative | 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 promoters.
The NCDs proposed to be issued under the issue have been rated "CRISIL AA-/" Negative by CRISIL Ratings Limited and "ACUITE AA-/" Negative Acuite Ratings & Research Limited.
Last Updated on 2023-04-24T03:30:21+00:00
