Edelweiss Financial NCD Tranche II April 2023

Edelweiss Financial NCD Tranche II April 2023  opens for subscription from 06 April 2023. the company aims for a base issue size of ₹200 Crores.

Edelweiss Financial Services Limited 

 Edelweiss Financial Services commenced operations as an investment banking firm but has diversified its businesses to include credit including retail and corporate credit, asset management, asset reconstruction, insurance, and wealth management businesses.

The company has a pan-India and international network with 238 domestic offices, and three international offices (a total of 241 offices) and employed 5,969 employees as of 31 December 2022. The group comprises 28 subsidiaries and 11 associate companies as of 31 December 2022. Its total income is ₹ 7,304.6 crore for FY 2022 and ₹ 3,393.3 crores for the six months ended 30 September 2022 and ₹ 5,534.92 crores for the nine months ended 31 December 2022 on a consolidated basis.

The company’s profit attributable to owners was ₹188.8 crore for the year ended 31 March 2022 and ₹ 93.6 crores for the six months ended 30 September 2022 and ₹ 194.9 crores for the nine months ended 31 December 2022 on a consolidated basis.

Objectives of the Issue

  •  For repayment/prepayment of interest and principal of existing borrowings.
  • General corporate purposes.

Edelweiss Financial NCD Tranche II April 2023 Details

Issue OpenApr 6, 2023 – Apr 21, 2023
Security NameEdelweiss Financial Services Limited
Security TypeSecured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Issue Size (Base)₹ 200 Crores
Issue Size (Shelf)₹ 400 Crores
Issue Price₹ 1000 per NCD
Face Value₹ 1000 each NCD
Minimum Lot size10 NCD
Market Lot1 NCD
Listing AtBSE
Credit RatingCRISIL AA-/Negative by CRISIL Ratings Limited and ACUITE AA-/ Negative by Acuité Ratings & Research Limited
Tenor24, 36, 60 and 120 Months
SeriesSeries I to X
Payment FrequencyMonthly, Annual and Cumulative
Basis of AllotmentFirst Come First Serve Basis
Debenture TrustiesBEACON TRUSTEESHIP LIMITED

Options and Coupon Rates

OptionTenureInterest PaymentCoupon RateEffective YieldMaturity Amount
Series
1
24 monthsAnnual8.95%8.94%₹ 1,000
Series
2
24 monthsCumulativeNA8.95%₹ 1,187.30
Series
3
36 monthsMonthly9.20%9.59%₹ 1,000
Series
4
36 monthsAnnual9.60%9.59%₹ 1,000
Series
5
36 monthsCumulativeNA9.60%₹ 1,317.0
Series
6
60 monthsMonthly9.67%10.10%₹ 1,000
Series
7
60 monthsAnnual10.10%10.09%₹ 1,000
Series
8
60 monthsCumulativeNA10.10%₹ 1,618.70
Series
9
120 monthsMonthly10.00%10.46%₹ 1,000
Series 10120 monthsAnnual10.45%10.44%₹ 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 Financials

Period EndedTotal AssetsTotal RevenueProfit After Tax
31-Mar-2243,187.787,304.60212.08
(Amount in ₹ Crore)

NCD Allocation Ratio

Category NCD’s Allocated
Institutional10%
Non-Institutional10%
HNI40%
Retail40%

NCD’s Offered by Category

Category NCD’s Reserved
Institutional200,000
Non-Institutional200,000
HNI800,000
Retail800,000
Total NCD’s2,000,000

Company Promoters

  • Mr. Rashesh Shah
  • Mr. Venkatchalam Ramaswamy
  • Ms. Vidya Shah
  • Ms. Aparna T.C

NCD Lead Manager

EQUIRUS CAPITAL PRIVATE LIMITED
12th Floor, C Wing,
Marathon Futurex, N.M. Joshi Marg,
Lower Parel, Mumbai 400 013
Phone: +91 22 4332 0736
Email: efsl.ncd@equirus.com
Website: www.equirus.com

Edelweiss Financial Services NCD Registrar

KFIN TECHNOLOGIES LIMITED
Selenium Tower B, Plot 31-32, Gachibowli,
Financial District, Nanakramguda,
Serilingampally, Hyderabad – 500 032, Telangana
Phone: +91 40 6716 2222
Email: efsl2.ncdipo@kfintech.com
Website: www.kfintech.com

Edelweiss Financial Services Contact Details

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: www.edelweissfin.com

Final Thoughts

Non-Convertible Debentures (NCD) are a better investment option for those who are looking for a diversified portfolio. investing in Edelweiss Financial NCD Tranche II is purely your personal choice. make a good study and analysis before you make the investment.

Happy Investing

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