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NCD Status: Closed [8th Apr 2024 to 23rd Apr 2024]
Edelweiss Financial Services is issuing secured and redeemable NCDs with a base issue size of Rs 100.00 Cr and Oversubscription issue size of Rs 100.00 Cr. The subscription period is opening from 08 Apr 2024 to 23 Apr 2024 and the company is issuing Series I to XII 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 8.90% to10.00% per annum.
Learn more about Edelweiss Financial Services including credit rating, coupon rates for each series, basis of allotment, payment frequency and more.
| NCD Opening Date: | 8th Apr 2024 |
| NCD Closing Date: | 23rd Apr 2024 |
| NCD Type: | Secured NCD |
| Issue Size (Base): | ₹100.00Cr |
| Issue Size (Shelf): | |
| 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 CRISIL Ratings Limited. |
| Series: | Series I to XII |
| Payment Frequency: | Monthly and Annually |
| Basis of Allotment: | |
| Interest on return: |
Zerodha Trade@20
| NCD Activity | Date |
|---|---|
| NCD Issue Open | 8th Apr 2024 |
| NCD Issue Close | 23rd Apr 2024 |
| BSE Code: | 3385 |
| BSE Script Symbol: | EFSLNCDXI |
* - 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 was established in 1995 and began operating as an investment banking firm after obtaining a Category II license from SEBI. Subsequently, Edelweiss Capital Limited was granted a Category I commercial banking license by SEBI, effective from October 16, 2000.
The company expanded its operations through its subsidiaries and is now involved in various businesses including lending (both retail and corporate), asset management (mutual funds and alternative asset management), asset realization, and insurance (life and general insurance), as well as wealth management.
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 |
| 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 | Series 11 | Series 12 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Frequency of Interest Payment | Annual | NA | Monthly | Annual | NA | Monthly | Annual | NA | Annual | Monthly | Annual | Annual |
| Nature | Secured | Secured | 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 | 60 Months | 120 Months | 120 Months | 120 Months |
| Coupon (% per Annum) | 9.00% | NA | 9.20% | 9.60% | NA | 9.67% | 10.10% | NA | 10.10% | 10.00% | 10.45% | 10.45% |
| Effective Yield (% per Annum) | 9.00% | 9.00% | 9.60% | 9.60% | 9.60% | 10.10% | 10.09% | 10.10% | 10.10% | 10.46% | 10.44% | 10.44% |
| Amount on Maturity (In Rs.) | Rs 1,000.00 | Rs 1,188.20 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,316.71 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,618.60 | Rs 1,000.00 | Rs 1,000.00 | 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 for an amount of Rs 10,000 million by CRISIL Ratings Limited.
Last Updated on 2024-04-26T06:32:49+00:00
