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Edelweiss Housing Finance NCD April 22 Details

NCD Status: Closed [6th Apr 2022 to 26th Apr 2022]

Rated 3.5/5 by Team InvestorGain
Edelweiss Housing Finance NCD Detail

Edelweiss Housing Finance NCD of Rs. 300 Cr issue size opens for subscription from 6 April to 26 April 2022. The company issues series I to X secured and redeemable NCD at an issue size of Rs. 1000 per NCD. One can subscribe to the NCD with a minimum ticket size of Rs. 10,000 (10 NCDs). The NCD tenor is 24, 36, 60, and 120 months with a coupon rate ranging 8.35%- 9.25% per annum. Check more about the Edelweiss Housing Finance NCD April 2022 including credit rating, Coupon rates for each series, the basis of allotment, payment frequency, and more.

Edelweiss Housing Finance NCD Details

NCD Opening Date: 6th Apr 2022
NCD Closing Date: 26th Apr 2022
NCD Type: Secured NCD
Issue Size (Base): Rs. 150 Cr
Issue Size (Shelf): Rs. 150 Cr
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 and ACUITE AA/Negative

Series: Series I to X
Payment Frequency: Monthly, Annual, and cumulative
Basis of Allotment: First Come First Serve Basis
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 6th Apr 2022
NCD Issue Close 26th Apr 2022

* - Tentative Dates

Offer Details

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

About Company - Edelweiss Housing Finance

Edelweiss Housing Finance is a non-deposit taking housing finance company that offers secured loan products to suit individuals needs including small ticket unsecured loans in rural areas and corporates. Edelweiss Housing Finance, a part of Edelweiss Group, is one of the leading diversified financial services groups in India. The company offers a range of mortgage-backed loan products including home loans to self-employed inviduals, salaried individuals, and others for purchase/construction, and renovation of residential properties. However, non-housing loan products include loan against property (LAP), loans for business purchase, and to purcase commercial property for investment in assets.

The company offers a range of mortgage-backed related loan products including;

  • Home Loans: Secured housing loans to individuals, self-employed individuals, etc.
  • Non-Housing Loans including loan against property (LAP): Loan for business purpose, purchase commercial property, to invest in assets.
  • Construction Finance: Loans to developers for construction of residential projects, loans against mortgage of property, or other collateral.

As of December 31, 2021, it has 68 offices in 67 cities in India.

Edelweiss Housing Finance Financials

Edelweiss Housing Finance Financials (₹ in Cr) 31-Mar-2021 31-Mar-2020 31-Mar-2019
Total Assets ₹4,931.10 ₹5,050.83 ₹5,451.72
Total Income ₹551.05 ₹607.39 ₹665.89
Net Profit/Loss ₹3.73 ₹1.55 ₹62.46

Edelweiss Housing Finance NCD Objective

The NCD purposes to utilize funds for the following purposes;

  • For the purpose of onward lending, financing, and for repayment/prepayment of interest and principal of existing borrowings of our company.
  • General corporate purposes.

Coupon Rates for Each Series

'
Tenure 24 months 24 months 36 months 36 months 36 months 60 months 60 months 60 months 120 months 120 months
Options I II III IV V VI VII VIII IX X
Frequency of Interest Payment Annual Cumulative Monthly Annual Cumulative Monthly Annual Cumulative Monthly Annual
Coupon Rate % Per Annum for NCD holders in category I, II, III, & IV 8.50% NA 8.70% 9.05%NA 9.15% 9.55% NA 9.30% 9.70%
Effective Yield (Per Annum) for NCD holders in category I, II, III & IV 8.49% 8.50% 9.05% 9.04% 9.05% 9.54% 9.54% 9.55% 9.70% 9.69%
Amount on Maturity for NCD holders in category I, II, III, & IV ₹1,000 ₹1,177.50 ₹1,000 ₹1,000 ₹1,297.15 ₹1,000 ₹1,000 ₹1,578.25 ₹1,000 ₹1,000

Edelweiss Housing Finance NCD Promoters

Edelweiss Financial Services Limited, Edelweiss Rural & Corporate Services Limited, and Edelweiss Finance Company Limited are the company promoters.

Edelweiss Housing Finance NCD Rating Details

The NCDs proposed to be issued under the Issue have been rated CRISIL AA-/ Negative for an amount of Rs. 5,000 million by CRISIL Ratings Limited and "ACUITE AA/Negative" for an amount of Rs. 5,000 million by Acuit� Ratings & Research Limited such ratings are considered to have a Negative outlook.

CRISIL has rated the instruments worth Rs. 500 Cr as CRISIL AA-/Negative while Acuite Ratings & Research has rated it as Acuite AA Negative. Instrument with such ratings are intended to have moderate level of risks regarding timely servicing of debt obligations.

Edelweiss Housing Finance NCD Not Eligible to Invest

  1. Minors without a guardian name
  2. Foreign nationals
  3. Persons resident outside India
  4. Foreign Portfolio Investors
  5. Foreign Venture Capital Investors
  6. Qualified Foreign Investors
  7. Overseas Corporate Bodies
  8. Persons ineligible to contract under applicable statutory/regulatory requirements

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Edelweiss Housing Finance NCD Imporatant Links

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

Company Address

Edelweiss Housing Finance Limited
Tower 3, 5th Floor, Wing B, Kohinoor City Mall Kohinoor City, Kirol Road, Kurla (West)
Mumbai,Maharashtra-400070
India
Website: http://www.edelweisshousingfin.com/
Phone: +91 22 4272 2200
Email: [email protected]

Edelweiss Housing Finance 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 Housing Finance NCD Lead Manager

  1. Edelweiss Financial Services Ltd
  2. Equirus Capital Private Limited
Edelweiss Housing Finance 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 Housing Finance? Should I apply in Edelweiss Housing Finance NCD?

Last Updated on 2022-04-04T11:06:45+00:00


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