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Incorporated in 1995, Edelweiss Financial Services Limited started its operations as an investment banking firm after receipt of a Category II license from SEBI. Later, the company became a Category I Merchant Banker after receiving the license for the same from SEBI.
Edelweiss Financial Services first listed its securities on the mainboard exchanges - BSE and NSE in December 2007.
Through the years, the company has diversified its operations widely. Its subsidiaries offer services like credit facilities including retail and corporate credit, asset management including mutual fund and alternatives asset management businesses, asset reconstruction, insurance for both life and general insurance business, and wealth management businesses.
Edelweiss Financial Services emphasize highly on product innovation, provides a seamless customer experience, and follows a research-driven approach, and these factors have expanded the company's operations to about 5 million customers.
Along with a strong pan-India presence, Edelweiss Financial Services also has international footprints through its 237 domestic offices, and three international offices.
The Edelweiss Group consists of 28 subsidiaries and 10 associate companies as at September 30, 2022.
| Issue Open | January 3, 2023 - January 23, 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 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, Cumulative and Monthly |
| Basis of Allotment | First Come First Serve Basis |
| Debenture Trustee/s | Beacon Trusteeship Limited |
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 |
Edelweiss Financial Services Limited NCD Coupon Rates
| # | 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 | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured |
| Tenor | 24 months | 24 months | 36 months | 36 months | 36 months | 60 months | 60 months | 601 months | 120 months | 120 months |
| Coupon Rate (Retail) | 9.00% | NA | 9.20% | 9.60% | NA | 9.67% | 10.10% | NA | 10.00% | 10.45% |
| Effective Yield (% per Annum) | 8.99% | 9.00% | 9.59% | 9.59% | 9.60% | 10.10% | 10.09% | 10.10% | 10.46% | 10.44% |
| Amount on Maturity | Rs 1,000.00 | Rs 1,188.40 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,317.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,618.30 | Rs 1,000.00 | Rs 1,000.00 |
The NCDs proposed to be issued under the Issue have been rated “CRISIL AA-/Negative (pronounced as CRISIL double A minus rating with Negative outlook)” for an amount of ₹ 10,000 million by CRISIL Ratings Limited and “ACUITE AA-/ Negative (pronounced as ACUITE double A minus)” for an amount of ₹ 10,000 million by Acuité Ratings & Research Limited.
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-20 | 54277.54 | 9513.31 | -2043.77 |
| 31-Mar-21 | 46350.01 | 9346.35 | 253.92 |
| 31-Mar-22 | 43187.78 | 6911.4 | 212.07 |
| Amount in ₹ Crore | |||
The company proposes to utilize the funds which are being raised through the Issue:
The Edelweiss Financial Services NCD January 2023 was subscribed 2.35 times on January 16, 2023 1:00:00 AM. The NCD subscribed 3.20 times in Retail, 1.85 times in HNI, 3.29 times in Non-Institutional, and 0.00 times in the Institutional category.
| Category ? | Subscription (times) |
|---|---|
| Retail | 3.20x |
| HNI | 1.85x |
| Non-Institutional | 3.29x |
| Institutional | 0.00x |
| Total | 2.35x |
13 3.0 Rating:  Vote Here ... |
Edelweiss Financial Services Limited
Edelweiss House,
Off C.S.T. Road, Kalina,
Mumbai 400 098
Phone: +91 22 4009 4400
Email: efslncd@edelweissfin.com
Website: http://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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