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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.
| 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 |
Category  |
NCD's Allocated |
|---|---|
| Institutional | 10% |
| Non-Institutional | 10% |
| HNI | 40% |
| Retail | 40% |
| Category |
NCD's Reserved |
|---|---|
| Institutional | 200,000 |
| Non-Institutional | 200,000 |
| HNI | 800,000 |
| Retail | 800,000 |
| Total NCD's | 2,000,000 |
|
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% |
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.
Mr Rashesh Shah, Venkatchalam Ramaswamy, Vidya Shah and Aparna T.C are the promoters of the company.
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%)
The Edelweiss Financial NCD August 2021 was subscribed 2.19 times on Sep 6, 2021 1:00:00 AM. The NCD subscribed 3.49 times in Retail, 1.33 times in HNI, 1.36 times in Non-Institutional, and 1.25 times in the Institutional category.
| Category ? | Subscription (times) |
|---|---|
| Retail | 3.49x |
| HNI | 1.33x |
| Non-Institutional | 1.36x |
| Institutional | 1.25x |
| Total | 2.19x |
24 3.1 Rating:  Vote Here ... |
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/
KFin Technologies 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/
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