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Edelweiss Financial Services Ltd NCD (Edelweiss Financial NCD August 2021) Detail

Aug 17, 2021 - Sep 6, 2021
Edelweiss Financial Services Ltd Logo

Incorporated in 1995 in Mumbai as 'Edelweiss Capital Limited', Edelweiss Financial Services Limited (EFSL) is an investment banking firm and Merchant Banker. EFSL is also involved in the business including credit including retail and corporate credit, wealth management, asset
management, asset reconstruction, and insurance including life and general insurance businesses through its subsidiaries.

Edelweiss Financial has 47 subsidiaries (including NBFCs and an HFC). It has 339 offices in 145 cities in India and six international locations. It employed approximately 9,197 employees as of September 30, 2020.

EFSL is a publicly traded company since 2007 under the symbols NSE: EDELWEISS and BSE: 532922.

Edelweiss Financial NCD August 2021 Detail

Issue Open Aug 17, 2021 - Sep 6, 2021
Security Name Edelweiss Financial Services Ltd
Security Type Secured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Issue Size (Base) Rs 200.00 Crores
Issue Size (Shelf) Rs 200.00 Crores
Issue Price Rs 1000 per NCD
Face Value Rs 1000 each NCD
Minimum Lot size 10 NCD
Market Lot 10 NCD
Listing At BSE
Credit Rating Acuite AA (Outlook: Negative), [ICRA] A+ (Negative)
Tenor 36, 60 and 120 Months
Series
Payment Frequency Monthly, Annual and Cumulative
Basis of Allotment First Come First Serve Basis

NCD Allocation Ratio

NCD's allocated in each investor category:

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

NCD's Offered

NCD's offered in each investor category:

Category ? NCD's Reserved
Institutional 200,000
Non-Institutional 200,000
HNI 800,000
Retail 800,000
Total NCD's 2,000,000

Coupon Rates

Coupon Rates for Eash Series

Series

Frequency

Tenure

Coupon Rate

Effective Yield

I

Monthly

36 months

8.75%

9.10%

II

Annual

36 months

9.10%

9.09%

III

Cumulative

36 months

NA

9.10%

IV

Monthly

60 months

9.15%

9.54%

V

Annual

60 months

9.55%

9.54%

VI

Cumulative

60 months

NA

9.55%

VII

Monthly

120 months

9.30%

9.70%

VIII

Annual

120 months

9.70%

9.69%

NCD Rating Detail

The NCDs proposed to be issued under the Issue have been rated “Acuite AA (Outlook: Negative)” by Acuite Ratings and Research Limited and “[ICRA]A+ (Negative)” by ICRA Limited.

Company Promoters:

Mr Rashesh Shah, Venkatchalam Ramaswamy, Vidya Shah and Aparna T.C are the promoters of the company.

Objects of the Issue:

The objects of the Issue and the amount proposed to be financed from Net Proceeds are:

1. For the purpose of repayment /prepayment of interest and principal of existing borrowings of the Company (At least 75%).

2. General Corporate Purposes (Maximum of up to 25%)

Edelweiss Financial NCD August 2021 Prospectus

Edelweiss Financial NCD August 2021 Rating

22
3.1
Rating:Rated 3.1 stars

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Edelweiss Financial NCD August 2021 Reviews

Company Contact Information

Edelweiss Financial Services Ltd
Edelweiss House,
Off CST Road, Kalina,
Mumbai - 400098

Phone: +91 22 40094400
Email: cs@edelweissfin.com
Website: https://www.edelweissfin.com/

Edelweiss Financial NCD August 2021 Registrar

KFintech Private Limited
   KFintech, Tower-B, Plot No 31 & 32,
   Financial District, Nanakramguda, Gachibowli,
   Hyderabad, Telangana India - 500 032.

Phone: 04067162222, 04079611000
Email: einward.ris@kfintech.com
Website: https://karisma.kfintech.com/

Edelweiss Financial NCD August 2021 Lead Manager(s)


5 Comments

5. Vimal Garodia  Sep 15, 2021 18:06 I Like It. | Report Abuse Reply
NCDs in demat account already, but money not debited yet, surprising!!!
4. Jaspreet Singh Oberoi  Sep 10, 2021 10:04 I Like It. | Report Abuse Reply
Seems allotment has happened. Got allotment advice message from BSE.
4.1. PANKAJ KUMAR RATHI  Sep 10, 2021 17:19 I Like It. | Report Abuse
Jaspreet Ji Please clarify I have getting mail that I have alloted. How I can check this allotment as Iam unable to check. And also This NCD is also possible to sold out in BSE
4.2. Jaspreet Singh Oberoi  Sep 10, 2021 19:36 I Like It. | Report Abuse
Pankaj ji, you can check allotment status @ https://kosmic.kfintech.com/ipostatus/
3. Raj P. Shah  Aug 31, 2021 11:54 I Like It. | Report Abuse Reply
Why almost all existing Edelweiss NCDs are trading at discount in secondary market?
2. Raj P. Shah  Aug 31, 2021 11:31 I Like It. | Report Abuse Reply
Why almost all Edelweiss existing NCDs are trading at discount in secondary market?
1. Vimal Garodia  Aug 18, 2021 17:37 I Like It. | Report Abuse Reply
Not been able to invest in the Edelweiss NCD through SBI website, getting some error at the last step!! Anybody else having the same problem?
1.2. kkumar  Aug 19, 2021 21:04 I Like It. | Report Abuse
SBI ASBA not working. till now, even if you choose correct amounts under HNI or Retail category, error message appears.
1.3. KARTHIKEYAN SOMASUNDARAM  Aug 20, 2021 01:17 I Like It. | Report Abuse
Contact Edelweiss branch directly. You can also book through Goldenpi.