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NCD Status: Closed [4th Jul 2023 to 17th Jul 2023]
Edelweiss Financial Services Limited is issuing secured and redeemable NCDs with a base issue size of Rs 300.00 Cr and shelf issue size of Rs 1000.00 Cr. The subscription period is from July 04, 2023 to June 17, 2023 and the company is issuing Series I to X at an issue price of Rs. 1000 per NCD. The face value of each NCD is Rs. 1000 and the tenure of the NCDs is 24, 36, 60 and 120 months with coupon ranging from 8.94% to 10.45% 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: | 4th Jul 2023 |
| NCD Closing Date: | 17th Jul 2023 |
| NCD Type: | Secured NCD |
| Issue Size (Base): | ₹300.00Cr |
| Issue Size (Shelf): | ₹1000.00Cr |
| 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: | Annual and Monthly |
| Basis of Allotment: | |
| Interest on return: |
Zerodha Trade@20
| NCD Activity | Date |
|---|---|
| NCD Issue Open | 4th Jul 2023 |
| NCD Issue Close | 17th Jul 2023 |
| BSE Code: | 3063 |
* - Tentative Dates
| Category Name | NCD's Reserved | NCD's Allocated |
|---|---|---|
| Institutional | 150000 | 10% |
| Non-Institutional | 150000 | 10% |
| HNI | 600000 | 40% |
| Retail | 600000 | 40% |
Edelweiss Financial Services Limited was founded in November 1995. After its beginnings as an investment banking firm, the company, through its subsidiaries, has diversified its business into lending, including personal and corporate loans; asset management, including mutual funds and alternative asset management; wealth rehabilitation; life and property insurance; and wealth management.
The company believes its focus on product innovation and a seamless customer experience has helped expand its retail banking presence to approximately 5 million customers (excluding wealth customers). The research-driven approach and consistent ability to capitalise on emerging market trends have also enabled us to build strong relationships with customers in various segments, including corporates, institutions (both domestic and international), high-net-worth individuals and private clients.
They constantly strive to innovate and invest in new ideas, newer products and newer alternative distribution channels. They strive to add significant value through new and innovative products and services, and are committed to focusing on six key vectors - people management, cost management, risk management, technology, customer experience and innovation - as they move into the future while adhering to their business principles of putting their customers' interests first, committing to excellence and innovation, and working as a team.
| 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 utilized towards funding the following objectives:
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 Promoters of the company.
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 2023-07-20T07:00:31+00:00
