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Edelweiss Financial Services Limited NCD (Edelweiss Financial NCD Tranche II April 2023) Detail

April 6, 2023 - April 21, 2023
Edelweiss Financial Services Limited 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.

The company has a pan-India and international network with approximately 300 offices, in approximately 126 cities in India and three international locations and employed approximately 8,500 employees.

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

Edelweiss Financial NCD Tranche II April 2023 Detail

Issue Open April 6, 2023 - April 21, 2023
Security Name Edelweiss Financial Services Limited
Security Type Secured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Issue Size (Base) Rs 200.00 Crores
Issue Size (Shelf) Rs 400.00 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 by CRISIL Ratings Limited and ACUITE AA-/ Negative by Acuité Ratings & Research Limited
Tenor 24, 36, 60 and 120 Months

Series I to X

Payment Frequency Monthly, Annual and Cumulative
Basis of Allotment First Come First Serve Basis
Debenture Trustee/sBeacon Trusteeship Limited

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

Edelweiss Financial Services Limited NCD Coupon Rates

#Series 1Series 2Series 3Series 4Series 5Series 6Series 7Series 8Series 9Series 10
Frequency of Interest PaymentAnnualCumulativeMonthlyAnnualCumulativeMonthlyAnnualCumulativeMonthlyAnnual
Tenor24 Months24 Months36 Months36 Months36 Months60 Months60 Months60 Months120 Months120 Months
Coupon (% per Annum)8.95%NA9.20%9.60%NA9.67%10.10%NA10.00%10.45%
Effective Yield (% per Annum)8.94%8.95%9.59%9.59%9.60%10.10%10.09%10.10%10.46%10.44%
Amount on Maturity (In Rs.)Rs 1,000.00Rs 1,187.30Rs 1,000.00Rs 1,000.00Rs 1,317.00Rs 1,000.00Rs 1,000.00Rs 1,618.70Rs 1,000.00Rs 1,000.00

NCD Rating

The NCDs proposed to be issued under the issue have been rated "CRISIL AA-/" Negative by CRISIL Ratings Limited and "ACUITE AA-/" Negative Acuite Ratings & Research Limited.

Company Promoters

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

Company Financials

Edelweiss Financial Services Limited Financial Information (Restated Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After Tax
Amount in ₹ Crore

Objects of the Issue

The proceeds from the issue will be used for the following objects:
1. For repayment/prepayment of interest and principal of existing borrowings.
2. General corporate purposes.

Edelweiss Financial NCD Tranche II April 2023 Prospectus

Edelweiss Financial NCD Tranche II April 2023 Subscription Status

The Edelweiss Financial NCD Tranche II April 2023 was subscribed 1.52 times on April 21, 2023 6:00:00 AM. The NCD subscribed 2.07 times in Retail, 1.22 times in HNI, 2.06 times in Non-Institutional, and 0.00 times in the Institutional category.

Category ?Subscription (times)

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Edelweiss Financial NCD Tranche II April 2023 Rating

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Company Contact Information

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

Phone: +91 22 4009 4400

Edelweiss Financial NCD Tranche II April 2023 Registrar

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

Phone: 04067162222, 04079611000

Edelweiss Financial NCD Tranche II April 2023 Lead Manager(s)


4. gauravndx     Link|May 2, 2023 9:02:33 AM
please some one tells its listing date
3. Sumit Kumar Mitra     Link|April 8, 2023 12:44:11 PM
Is there any online website of Edelweiss Fin where retail investors can purchase it directly without routing it through brokers ? Purchase should be in Demat from links to the NSDL/CSDL IDs of the Demat Holder.
3.1. Vimal Garodia     Link|April 12, 2023 12:17:31 PM
You can invest in NCDs directly through BSE official app called BSEDirect, you need to have UPI ID and a demat account..
Or through their website
Hope this helps..
2. biswambhar     Link|April 14, 2023 8:33:09 AM
Is there any additional interest incentive for existing bond holder, if yes how to claim it?
2.1. Vimal Garodia     Link|April 14, 2023 8:42:36 AM
I think there is additional incentive of 0.2%..
But confirm it on the bse website please..

You donot have to claim it, you just get it!!!

Hope this helps..
1. Vimal Garodia     Link|April 4, 2023 1:20:09 PM
Dear Admin, I think the tenor of this NCD should be in months (24,36 etc) but is shown in days..I think it is a typo...hope you will rectify the mistake..
1.1. Prachi @ Team     Link|April 4, 2023 3:55:48 PM
@vimalgarodia Sir,
Thank you for your kind feedback. The error has been rectified

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