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Edelweiss Financial Services Ltd NCD (Edelweiss Financial NCD Tranche II Sep 2022) Detail

Oct 3, 2022 - Oct 17, 2022
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.

The company has a pan-India and international network with approximately 216 domestic offices, and three international offices (total 219 offices), in approximately 126 cities in India and three international locations and employed approximately 5,833 employees as of June 30, 2022, excluding EWM offices and employees.

In the past two years, the company has doubled its client reach and attracted nearly a million new customers. Due to this, customer assets increased by 1.5 trillion over the same period, reaching 3.6 trillion as of March 2022.

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

Edelweiss Financial NCD Tranche II Sep 2022 Detail

Issue Open Oct 3, 2022 - Oct 17, 2022
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 1 NCD
Listing At BSE
Credit Rating CRISIL AA-/ Negative and ACUITE AA-/Negative
Tenor 24, 36, 60, and 120 Months
Series

Series I to Series X

Payment Frequency Monthly, Annual and Cumulative
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
  Series 1 Series 2 Series 3 Series 4 Series 5 Series 6 Series 7 Series 8 Series 9 Series 10
Frequency of Interest Payment Annual Cumulative Monthly Annual Cumulative Monthly Annual Cumulative Monthly Annual
Nature Secured
Tenor 24 months 24 months 36 months 36 months 36 months 60 months 60 months 60 months 120 months 120 months
Coupon Rate (% per Annum) for NCD Holders in Category I, II, III & IV 8.85% NA 8.90% 9.25% NA 9.35% 9.75% NA 9.65% 10.10%
Effective Yield (% per Annum) for NCD Holders in Category I, II, III & IV 8.84% 8.85% 9.27% 9.24% 9.25% 9.75% 9.74% 9.75% 10.08% 10.09%
Amount on Maturity for NCD Holders in Category I, II, III & IV Rs 1,000 Rs 1,185.10 Rs 1,000 Rs 1,000 Rs 1,304.30 Rs 1,000 Rs 1,000 Rs 1,592.75 Rs 1,000 Rs 1,000

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

Company Financials

Edelweiss Financial Services Ltd Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthTotal Borrowing
31-Mar-2054277.549602.63-2043.77612.8736657.34
31-Mar-2146350.0110837.84212.076577.1628436.05
31-Mar-2243187.787304.59253.926537.4222710.98
Amount in ₹ Crore

Objects of the Issue

The company proposes to utilise the funds which are being raised through the Issue :

1. For the purpose of repayment /prepayment of interest and principal of existing borrowings of the Company

2. General Corporate Purposes

Edelweiss Financial NCD Tranche II Sep 2022 Prospectus

Edelweiss Financial NCD Tranche II Sep 2022 Subscription Status

The Edelweiss Financial NCD Tranche II Sep 2022 was subscribed 2.08 times on Oct 17, 2022 5:00:00 AM. The NCD subscribed 2.86 times in Retail, 1.27 times in HNI, 3.24 times in Non-Institutional, and 1.00 times in the Institutional category.

Category ?Subscription (times)
Retail2.86x
HNI1.27x
Non-Institutional3.24x
Institutional1.00x
Total2.08x

Check Day by Day Bidding Details

Edelweiss Financial NCD Tranche II Sep 2022 Rating

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Rating:Rated 3.9 stars
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Edelweiss Financial NCD Tranche II Sep 2022 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 Tranche II Sep 2022 Registrar

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://karisma.kfintech.com/

Edelweiss Financial NCD Tranche II Sep 2022 Lead Manager(s)


3 Comments

3. jairaj   I Like It. 1|Report Abuse|  Link|Oct 20, 2022 5:09:19 PMReply
NO SAFE INVESTMENT OF EDELWEISS NCD
2. Akash   I Like It. |Report Abuse|  Link|Oct 8, 2022 8:03:52 PMReply
Is it safe to apply for edelweiss NSD?
1. Jack   I Like It. |Report Abuse|  Link|Oct 4, 2022 11:10:14 AMReply
Is it safe to apply / subscribe to this NCD for risk free returns ?