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

Dec 6, 2021 - Dec 22, 2021
Edelweiss Financial Services Ltd Logo

Incorporated in 1995, Edelweiss Financial Services Limited (EFSL) is a Mumbai-based investment banking firm and Merchant Banker. Edelweiss is also involved in businesses like credit (retail and corporate), wealth management, asset management, asset reconstruction, and insurance including life and general insurance businesses through its subsidiaries.

Edelweiss Financial has 32 subsidiaries and 10 associate companies as of September 30, 2021. It has 226 offices in 124 cities in India and 6 international locations. It employed approximately 5,685 employees as of September 30, 2021.

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

Edelweiss Financial NCD December 2021 Detail

Issue Open Dec 6, 2021 - Dec 22, 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 300.00 Crores
Issue Price Rs 1000 per NCD
Face Value Rs 1000 each NCD
Minimum Lot size 10 NCD
Market Lot 1 NCD
Listing At BSE
Credit Rating CRISIL AA-/Negative and ACUITEE AA/Negative
Tenor 24, 36, 60, and 120 Months
Series

Series I to Series X

Payment Frequency Monthly
Basis of Allotment First Come First Serve Basis

NCD Allocation Ratio

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

NCD's Offered by 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 for Each Series

Series Series I Series II Series III Series IV Series V Series VI Series VII Series VIII Series IX Series X
Frequency of Interest Payment Annual NA Monthly Annual NA Monthly Annual NA Monthly Annual
Tenor 24 Months 24 Months 36 Months 36 Months 36 Months 60 Months 60 Months 60 Months 120 Months 120 Months
Coupon (% per annum) for NCD Holders in Category I,II,III and IV 8.75% NA 8.75% 9.10% NA 9.15% 9.55% NA 9.30% 9.70%
Effective Yield (per annum) for NCD Holders in category I,II,III and IV 8.75% 8.75% 9.10% 9.09% 9.10% 9.54% 9.54% 9.55% 9.70% 9.69%
Amount (Rs/NCD) on Maturity for NCD Holders in Category I,II,III and IV Rs 1,000.00 Rs 1,182.65 Rs 1,000.00 Rs 1,000.00 Rs 1,299.00 Rs 1,000.00 Rs 1,000.00 Rs 1,578.25 Rs 1,000.00 Rs 1,000.00

NCD Rating

The NCDs proposed to be issued under the issue have been rated “CRISIL AA-/” for an amount of Rs. 10,000 million by CRISIL dated October 22, 2021 and “ACUITE AA” for an amount of Rs. 15,000 million by Acuite dated October 20, 2021.

Company Promoters

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

Company Financials

Summary of Standalone financial Information
Particulars For the year/period ended (Rs in Millions)
31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 59,809.30 36,792.88 37,966.77
Total Revenue 17,218.73 2,455.40 3,185.83
Profit After Tax 7,162.12 825.79 1,028.78

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 December 2021 Prospectus

Edelweiss Financial NCD December 2021 Rating

25
3.8
Rating:Rated 3.8 stars
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Edelweiss Financial NCD December 2021 Reviews

Company Contact Information

Edelweiss Financial Services Ltd
Edelweiss House, Off C.S.T. Road,
Kalina, Mumbai 400 098,
Maharashtra, India

Phone: +91 22 4009 4400
Email: efslncd@edelweissfin.com
Website: https://www.edelweissfin.com/

Edelweiss Financial NCD December 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: efsl2.ncdipo@kfintech.com
Website: https://karisma.kfintech.com/

Edelweiss Financial NCD December 2021 Lead Manager(s)


4 Comments

4. Vimal  Dec 24, 2021 6:26:31 PM I Like It. | Report Abuse Reply
Dear admin, the issue had an early closure, on 22nd December!!
4.1. Amit  Dec 27, 2021 12:47:40 PM I Like It. | Report Abuse
when will be allotment?
4.2. Vimal  Dec 28, 2021 1:31:47 PM I Like It. | Report Abuse
Allotment should be in 6 working days from issue closure, in 2 or 3 days more...
3. KK  Dec 8, 2021 1:01:55 PM I Like It. | Report Abuse Reply
But even secured NCD holders lost somewhere near 50% of the money in recent IBC /NCLT Proceedings? Any thoughts?
3.1. sat  Dec 8, 2021 4:30:07 PM I Like It. | Report Abuse
yes i understand but where common people like us can place money bank interest is less share markets are risky now secured NCDs are also not sure...only god can save us
3.2. JIGYASU  Dec 9, 2021 9:48:26 PM I Like It. | Report Abuse
recently dewan , srei infra and srei equipments has hitted sentiments of investors . dewan has paid with some losses but srei group still , no body know what to happen
2. sat  Dec 6, 2021 11:48:49 AM I Like It. | Report Abuse Reply
Are all series and categories is secured or are there any unsecured NCD in this ?
2.1. Kalpesh Modi  Dec 8, 2021 11:33:08 AM I Like It. | Report Abuse
Its secured NCD .. any one want to apply can contact me
1. Vimal  Dec 7, 2021 1:46:16 PM I Like It. | Report Abuse Reply
No unsecured portion here!!