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Edelweiss Financial Services Limited NCD (Edelweiss Financial Services NCD January 2023) Detail

Jan 3, 2023 - Jan 23, 2023
Edelweiss Financial Services Limited Logo

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.

Edelweiss Financial Services NCD January 2023 Detail

Issue Open Jan 3, 2023 - Jan 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 TrustiesBEACON 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
NatureSecuredSecuredSecuredSecuredSecuredSecuredSecuredSecuredSecuredSecured
Tenor24 months24 months36 months36 months36 months60 months60 months601 months120 months120 months
Coupon Rate (Retail)9.00%NA9.20%9.60%NA9.67%10.10%NA10.00%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 MaturityRs 1,000.00Rs 1,188.40Rs 1,000.00Rs 1,000.00Rs 1,317.00Rs 1,000.00Rs 1,000.00Rs 1,618.30Rs 1,000.00Rs 1,000.00

NCD Rating

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.

Company Financials

Edelweiss Financial Services Limited Financial Information (Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After Tax
31-Mar-2054277.549513.31-2043.77
31-Mar-2146350.019346.35253.92
31-Mar-2243187.786911.4212.07
Amount in ₹ Crore

Objects of the Issue

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

  1. For the purpose of repayment /prepayment of interest and principal of existing borrowings of our Company - 75% of the amount raised and allotted in the Issue.
  2. General Corporate Purposes - 25% of the amount raised and allotted in the Issue.

Edelweiss Financial Services NCD January 2023 Prospectus

Edelweiss Financial Services NCD January 2023 Subscription Status

The Edelweiss Financial Services NCD January 2023 was subscribed 2.35 times on Jan 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)
Retail3.20x
HNI1.85x
Non-Institutional3.29x
Institutional0.00x
Total2.35x

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Edelweiss Financial Services NCD January 2023 Rating

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Company Contact Information

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/

Edelweiss Financial Services NCD January 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: efsl2.ncdipo@kfintech.com
Website: https://karisma.kfintech.com/

Edelweiss Financial Services NCD January 2023 Lead Manager(s)


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