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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.
| Issue Open | December 6, 2021 - December 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 |
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 | 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 |
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.
Mr Rashesh Shah, Venkatchalam Ramaswamy, Vidya Shah and Aparna T.C are the promoters of the company.
| 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 | ||
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 December 2021 was subscribed 2.67 times on December 22, 2021 1:00:00 AM. The NCD subscribed 3.28 times in Retail, 2.19 times in HNI, 3.50 times in Non-Institutional, and 1.27 times in the Institutional category.
| Category ? | Subscription (times) |
|---|---|
| Retail | 3.28x |
| HNI | 2.19x |
| Non-Institutional | 3.50x |
| Institutional | 1.27x |
| Total | 2.67x |
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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/
Kfin Technologies 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://kosmic.kfintech.com/ipostatus/
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