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Edelweiss Financial Services NCD 2023

NCD Status: Closed [3rd Jan 2023 to 23rd Jan 2023]

Rated 3/5 by Team InvestorGain
Edelweiss Financial Services NCD Detail

Edelweiss Financial Services Limited Issue secured and Redeemable NCD comprises Base issue size worth of Rs 200.00 Cr and Shelf issue size of worth Rs 1000.00 Cr. The subscription is opening from 03 Jan 2023 to 23 Jan 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 9.00% - 10.45% per annum.

Check more about the Edelweiss Financial Services Limited NCD 2023 including credit rating, Coupon rates for each series, the basis of allotment, payment frequency, and more.

Edelweiss Financial Services NCD Details

NCD Opening Date: 3rd Jan 2023
NCD Closing Date: 23rd Jan 2023
NCD Type: Secured NCD
Issue Size (Base): ₹200.00Cr
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, Cumulative and Monthly
Basis of Allotment:
Interest on return:
  1. The Pioneer Discount Broker
  2. Get 100% Free Delivery Trading
  3. Free Direct Mutual Funds & SIP

NCD Important Dates

Action Dates
NCD Activity Date
NCD Issue Open 3rd Jan 2023
NCD Issue Close 23rd Jan 2023
BSE Code: 2883

* - Tentative Dates

Offer Details

Category Name NCD's Reserved NCD's Allocated
Institutional 200000 10%
Non-Institutional 200000 10%
HNI 800000 40%
Retail 800000 40%

About Company - Edelweiss Financial Services

Edelweiss Financial Services Limited ('EFSL'), was incorporated on November 21, 1995. 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 reconstruction, insurance both life and general insurance business, and wealth management businesses.

Edelweiss Wealth Management ('EWM') Business and Edelweiss Gallagher Insurance Brokers Limited ('EGIBL') have ceased to be a subsidiary of its company with effect from March 26, 2021 and October 18, 2021, respectively. They believe that their focus on product innovation and a seamless customer experience has helped expand its retail footprint to approximately -5 million customers (excluding wealth customers)

Its group comprises 28 subsidiaries and 10 associate companies as at September 30, 2022. its total income of the Company was Rs 73,046.00 million for the year March 31, 2022 and was Rs 33,933.10 million for the six months ended September 30, 2022 on a consolidated basis.

Edelweiss Financial Services Limited Financial Information (Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After Tax
31-Mar-2054277.549513.31-2043.77
31-Mar-2146350.019346.35253.92
31-Mar-2243187.786911.4212.07
Amount in ₹ Crore

Edelweiss Financial Services NCD Objective

The company proposes to utilize the funds which are being raised through the Issue:

  1. For the purpose of repayment /prepayment of interest and principal of existing borrowings of our Company - 75% of the amount raised and allotted in the Issue.
  2. General Corporate Purposes - 25% of the amount raised and allotted in the Issue.

Edelweiss Financial Services Limited NCD Coupon Rates

#Series 1Series 2Series 3Series 4Series 5Series 6Series 7Series 8Series 9Series 10
Frequency of Interest PaymentAnnualCumulativeMonthlyAnnualCumulativeMonthlyAnnualCumulativeMonthlyAnnual
NatureSecuredSecuredSecuredSecuredSecuredSecuredSecuredSecuredSecuredSecured
Tenor24 months24 months36 months36 months36 months60 months60 months601 months120 months120 months
Coupon Rate (Retail)9.00%NA9.20%9.60%NA9.67%10.10%NA10.00%10.45%
Effective Yield (% per Annum)8.99%9.00%9.59%9.59%9.60%10.10%10.09%10.10%10.46%10.44%
Amount on MaturityRs 1,000.00Rs 1,188.40Rs 1,000.00Rs 1,000.00Rs 1,317.00Rs 1,000.00Rs 1,000.00Rs 1,618.30Rs 1,000.00Rs 1,000.00

Edelweiss Financial Services NCD Promoters

Edelweiss Financial Services NCD Rating Details

The NCDs proposed to be issued under the Issue have been rated “CRISIL AA-/Negative (pronounced as CRISIL double A minus rating with Negative outlook)” for an amount of ₹ 10,000 million by CRISIL Ratings Limited and “ACUITE AA-/ Negative (pronounced as ACUITE double A minus)” for an amount of ₹ 10,000 million by Acuité Ratings & Research Limited.

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Edelweiss Financial Services NCD Imporatant Links

  • Edelweiss Financial Services NCD DRHP >>Edelweiss Financial Services NCD Draft Prospectus is not yet available.
  • Edelweiss Financial Services NCD RHP >>Document
  • Edelweiss Financial Services NCD DRHP Shelf >>Document
  • Edelweiss Financial Services NCD RHP Shelf >>Document
  • Edelweiss Financial Services NCD Allotment Status >>Edelweiss Financial Services NCD Allotment is not declared yet, we will provide the link for status once allotment is out.

Company Address

Edelweiss Financial Services Limited
Edelweiss House, Off C.S.T. Road, Kalina
Mumbai,Maharashtra-400098
India
Website: http://www.edelweissfin.com/
Phone: +91 22 4009 4400
Email: [email protected]

Edelweiss Financial Services NCD Registrar

Kfin Technologies Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India - 500 032.
Website: https://kosmic.kfintech.com/ipostatus/
Phone: 04067162222, 04079611000
Email: [email protected]

Edelweiss Financial Services NCD Lead Manager

  1. Equirus Capital Private Limited
Edelweiss Financial Services NCD Important dates - Issue Open Date, close Date, NCD Listing Date. NCD Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, NCD Listing date. What is the issue open date and close date for Edelweiss Financial Services? Should I apply in Edelweiss Financial Services NCD?

Last Updated on 2023-02-14T23:30:25+00:00


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