[.]| Listing at BSE | Mon, Dec 6, 2021 - Wed, Dec 22, 2021
Edelweiss Financial Services Ltd. NCD issue is a public issue of secured, redeemable, non-convertible debenture , issued under a Shelf Prospectus of ₹300.00 Cr with a base issue size of ₹200.00 Cr and an option to retain oversubscription up to ₹[.] Cr, aggregating to a tranch issue size of ₹[.] Cr. The NCDs are offered at a face value ₹1000 each and an issue price of ₹1000 per NCD.
Edelweiss Financial Services Ltd. NCD issue opens on Dec 6, 2021 and closes on Dec 22, 2021. NCD are proposed to be listed on BSE.
The minimum lot size is 10 NCDs, requiring a minimum investment of ₹ 10,000 , while the market lot for trading is 1 NCD.
The issue offers interest rates ranging from per annum to per annum, depending on the series and tenure selected.
The NCD has been rated: .
Equirus Capital Pvt.Ltd. is the Lead Manager to the issue, is the Debenture Trustee, and Kfin Technologies Ltd. is the Registrar to the Issue.
Investors are advised to refer to the NCD Offer Document and Shelf Prospectus for detailed information on risk factors, financials, and the terms of the issue.
Open Date
Mon, Dec 6, 2021
Close Date
Wed, Dec 22, 2021
Issue Size (Overall)
[.]
| 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 |
| 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 | ||
Mr Rashesh Shah, Venkatchalam Ramaswamy, Vidya Shah and Aparna T.C are the promoters of the company.
| Category | Allocated (%) | Shares Reserved |
|---|---|---|
| Institutional | 10.00% | 2,00,000 |
| Non-Institutional | 10.00% | 2,00,000 |
| HNI | 40.00% | 8,00,000 |
| Retail | 40.00% | 8,00,000 |
| Total | 100.00% | 20,00,000 |
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.
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%).
[Dilip Davda] This company has recently emerged as the frequent debt market visitor with its offers. Based on rating the coupon rates are attractive and tempting. The company has also changed one of its rating agencies for this issue, which is raising concerns. Though debt instruments with AA or AAA are most preferred by investors, this AA rated instrument with higher coupon rates may attract investment from those who seek regular interest income in the falling interest rate regime. Those who have an appetite for risk and surplus funds may consider investing in this offer. Read detail review...
The Edelweiss Financial NCD December 2021 was subscribed 2.67 times on Dec 22, 2021 01:00. The NCD subscribed 3.28 times in Retail, 2.19 times in HNI, 3.50 times in Non-Institutional, and 1.27 times in Institutional category.
Edelweiss Financial Services Ltd.
Edelweiss House, Off C.S.T. Road,
Kalina, Mumbai 400 098,
Maharashtra, India
Indi, Karnataka, 400098
NSE and BSE offer NSEgoBid and BSEDirect apps/websites through which retail investors can apply for NCDs up to Rs 5 lakhs. Not all brokers and banks provide the facility to apply for NCD online.
To apply for an NCD online, the investor should fill in the NCD bid details online and provide the details of the DP and bank accounts (ASBA/UPI) as requested. In the case of a UPI application, the investor needs to approve the UPI mandate to complete the application process.
Steps to invest in NCD IPO through GoldenPi
Retail investors can apply for an IPO online if the investment amount is less than or up to 10 lakhs.
Steps to apply for NCD IPO with Indiabonds:
You can buy or invest in NCD IPOs through the following intermediaries:
The investor can apply for the NCD IPO online through NCD intermediaries such as a registered stockbroker, provided the broker offers an online application for the NCD IPO. Not many brokers allow you to invest in an NCD IPO online. Currently, very few brokers, such as Nuvama Wealth, Angel One, and SBI Securities, offer the facility to apply for NCD IPOs electronically. You should check with your broker or intermediary to see if the online application facility for the NCD IPO is available through them.
Refer to the detailed guidelines on NSEgoBID and BSEDirect for information on the registration process and how to apply for NCDs through the exchange.
Important links :
Read more about NCD Application Process.
The minimum amount required for NCD investment is Rs. 10,000.
Generally, the minimum lot size of NCD is 10, and the face value is 1,000.
NCD allotment can be checked on the BSE website or with the Registrar once the allotment has been made.
Steps to check the NCD allotment status at the BSE:
Alternatively, the applicant can also check the allotment status on the respective website of the Registrar for the issue. The applicant will need their PAN details or the applicant's Aadhaar number to check the status.
Generally, all applicants receive full allotment due to the retention of the oversubscription option.
Read more information on NCD Subscription and NCD Allotment Process.
No, you cannot withdraw or redeem Edelweiss Financial Services Ltd. NCDs before maturity directly from the company. However, there are a couple of options available if you want to exit early:
If the NCDs are listed on stock exchanges (like BSE/NSE), you can:
Only possible if a "call option" exists.
Read more about NCD Subscription and Allotment Process
Bid Cancellation and Withdrawal Policy for NCD Applicants
Note:
The specific process and conditions for post-closure cancellation vary by issuer. Applicants should refer to the Offer Document for issuer-specific guidelines.
