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NCD Status: Closed [6th Apr 2022 to 26th Apr 2022]
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.
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: |
Zerodha Trade@20
NCD Activity | Date |
---|---|
NCD Issue Open | 6th Apr 2022 |
NCD Issue Close | 26th Apr 2022 |
* - Tentative Dates
Category Name | NCD's Allocated |
---|---|
Institutional | 10% |
Non-Institutional | 10% |
HNI | 40% |
Retail | 40% |
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;
As of December 31, 2021, it has 68 offices in 67 cities in India.
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 |
The NCD purposes to utilize funds for the following purposes;
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 Financial Services Limited, Edelweiss Rural & Corporate Services Limited, and Edelweiss Finance Company Limited are the company promoters.
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.
Last Updated on 2022-04-04T11:06:45+00:00