Edelweiss Financial Services NCD – July 2024

Edelweiss Financial Services NCD opens for subscription on 08 July 2024. The company aims for a base issue size of ₹100 Crores.


About the company

Edelweiss Financial Services commenced operations as an investment banking firm but has diversified its businesses to include retail and corporate credit, asset management, asset reconstruction, insurance, and wealth management businesses. The company has a pan-India and international network with 244 domestic offices, and three international offices (a total of 247 offices) and employed 6,092 employees as of 31 December 2023, as of the same date, the group comprises 27 subsidiaries and 10 associate companies.

The total income of the company was INR 10,848.85 crores for FY 2021, INR 7,304.59 crores for FY 2022, and INR 8,632.59 crores for FY 2023 on a consolidated basis. The profit attributable to owners of the company was INR 265.34 crore for the year 31 March 2021, INR 188.78 crore for the year ended 31 March 2022, and INR 344.16 crore for the year 31 March 2023 on a consolidated basis.


Objectives of the Issue

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

Edelweiss Financial Services NCD Details

Issue OpenJuly 8, 2024 – July 22, 2024
Security NameEdelweiss Financial Services Limited
Security TypeSecured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Issue Size (Base)₹ 100.00 Crores
Issue Size (Oversubscription)₹ 100.00 Crores
Overall Issue Size₹ 200.00 Crores
Issue Price₹ 1000 per NCD
Face Value₹ 1000 each NCD
Minimum Lot size10 NCD
Market Lot1 NCD
Listing AtBSE
Credit RatingCRISIL A+/Watch Negative (placed on ‘Rating Watch with Negative Implications’) by CRISIL Ratings Limited.
Tenor24, 36, 60 and 120 Months
SeriesSeries I to XII
Payment FrequencyMonthly and Annually
Basis of AllotmentFirst Come First Serve Basis
Debenture Trustee/sBeacon Trusteeship Limited

Edelweiss Financial Services NCD Options and Coupon Rates

OptionTenureInterest PaymentCoupon RateEffective YieldMaturity Amount
Series 124 monthsAnnual9.50%9.50%₹ 1,000
Series 224 monthsCumulativeNA9.50%₹ 1,199.10
Series 336 monthsMonthly9.57%10.00%₹ 1,000
Series 436 monthsAnnual10.00%10.00%₹ 1,000
Series 536 monthsCumulativeNA10.00%₹ 1,331
Series 660 monthsMonthly10.04%10.51%₹ 1,000
Series 760 monthsAnnual10.50%10.49%₹ 1,000
Series 860 monthsCumulativeNA10.50%₹ 1,647.90
Series 960 monthsAnnual10.50%10.50%₹ 1,000
Series 10120 monthsMonthly10.49%11.00%₹ 1,000
Series 11120 monthsAnnual11.00%10.99%₹ 1,000
Series 12120 monthsAnnual11.00%10.99%₹ 1,000

Edelweiss Financial Services NCD Rating

The NCDs proposed to be issued under the Issue have been rated “CRISIL A+/Watch Negative (placed on ‘Rating Watch with Negative Implications’) for an amount of ₹ 1,500 million by CRISIL Limited.


Company Financials

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets42,919.5744,064.2743,187.78
Revenue9,601.588,632.597,304.59
Profit After Tax528.05405.5621.21
Net Worth4,425.546,381.596,165.29
Reserves and Surplus4,377.826,442.88624.53
(Amount in ₹ Crore)

Edelweiss Financial ServicesNCD Allocation Ratio

Category NCD’s Allocated
Institutional0%
Non-Institutional0%
HNI0%

NCD’s Offered by Category

Category NCD’s Reserved
Institutional100,000
Non-Institutional100,000
HNI400,000
Retail400,000
Total NCD’s1,000,000

Company Promoters

  • Rashesh Chandrakant Shah
  • Venkatchalam A Ramaswamy
  • Vidya Rashesh Shah
  • Aparna T.C

Edelweiss Financial Services NCD Documents


Edelweiss Financial Services NCD Lead Manager

TRUST INVESTMENT ADVISORS PRIVATE LIMITED
109/110, Balarama, Bandra Kurla Complex,
Bandra (East), Mumbai – 400 051, Maharashtra
Phone: +91 22 4084 5000
Email: projectpragati9.trust@trustgroup.in
Website: www.trustgroup.in


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: efsl.ncdipo@kfintech.com
Website: www.kfintech.com


Company Contact Details

EDELWEISS FINANCIAL SERVICES LIMITED
Edelweiss House, Off C.S.T. Road,
Kalina, Mumbai 400 098, Maharashtra, India
Phone: +91 22 4079 5199
Email: efslncd@edelweissfin.com


Subscription Status (no. of times)

DateQIBNIIHNIRetailTotal
22 Jul 20240.001.951.222.351.63
19 Jul 20240.001.460.921.841.25
18 Jul 20240.001.360.791.651.11
16 Jul 20240.001.150.611.440.94
15 Jul 20240.001.130.551.280.84
12 Jul 20240.000.960.501.080.73
11 Jul 20240.000.790.320.820.54
10 Jul 20240.000.700.150.640.38
9 Jul 20240.000.570.130.430.28
8 Jul 20240.000.360.030.200.13

Allotment Status

Edelweiss Financial Services NCD July 2024 allotment status will be updated on the website of KFin Technologies’ website. Click on this link to get allotment status.


Final Thoughts

Non-convertible debentures (NCDs) are a better investment option for those seeking a diversified portfolio. investing in Edelweiss Financial Services NCD is purely your personal choice. make a good study and analysis before you make the investment decision.

Happy Investing

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