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Edelweiss Financial Services Limited NCD (Edelweiss Financial NCD Tranche III July 2023) Detail

July 4, 2023 - July 17, 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 III July 2023 Detail

Issue Open July 4, 2023 - July 17, 2023
Security Name Edelweiss Financial Services Limited
Security Type Secured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Issue Size (Base) Rs 300.00 Crores
Issue Size (Shelf) Rs 1,000.00 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

Series I to X

Payment Frequency Annual and Monthly
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 150,000
Non-Institutional 150,000
HNI 600,000
Retail 600,000
Total NCD's 1,500,000

Edelweiss Financial Services Limited NCD Coupon Rates

#Series 1Series 2Series 3Series 4Series 5Series 6Series 7Series 8Series 9Series 10
Frequency of Interest PaymentAnnualNAMonthlyAnnualNAMonthlyAnnualNAMonthlyAnnual
NatureSecuredSecuredSecuredSecuredSecuredSecuredSecuredSecuredSecuredSecured
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 Promoters of the company.

Company Financials

Edelweiss Financial Services Limited Financial Information (Restated Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After Tax
31-Mar-2243,187.787,304.60212.08
Amount in ₹ Crore

Objects of the Issue

The proceeds from the issue will be utilized towards funding the following objectives:

  1. For the purpose of repayment /prepayment of interest and principal of existing borrowings of our Company.
  2. General Corporate Purposes.

Edelweiss Financial NCD Tranche III July 2023 Prospectus

Edelweiss Financial NCD Tranche III July 2023 Subscription Status

The Edelweiss Financial NCD Tranche III July 2023 was subscribed 2.06 times on July 17, 2023 6:00:00 PM. The NCD subscribed 2.59 times in Retail, 1.87 times in HNI, 2.76 times in Non-Institutional, and 0.01 times in the Institutional category.

Category ?Subscription (times)
Retail2.59x
HNI1.87x
Non-Institutional2.76x
Institutional0.01x
Total2.06x

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Edelweiss Financial NCD Tranche III July 2023 Rating

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Edelweiss Financial NCD Tranche III July 2023 Reviews

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
Email: efslncd@edelweissfin.com
Website: http://www.edelweissfin.com

Edelweiss Financial NCD Tranche III July 2023 Registrar

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

Phone: 04067162222, 04079611000
Email: efsl3.ncdipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/

Edelweiss Financial NCD Tranche III July 2023 Lead Manager(s)


3 Comments

3. Nuwama partner     Link|July 8, 2023 7:04:50 PM
To apply contact me 800==303=4444
3.1. SKAGG     Link|July 14, 2023 12:26:04 PM
Is any listing gain expected here
3.2. Deep     Link|July 15, 2023 6:52:42 PM
What to do to avoid TDS ?
In my recent NCD , TDS deducted even if my interest comes below 5000 p.a
2. SKAGG     Link|July 14, 2023 12:26:34 PM
Is any listing gain expected in this
1. Kannan     Link|July 3, 2023 4:08:02 PM
Hi admin,
Tenure is wrongly mentioned as days instead of month. Requesting you to correct it. Thanks...

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