Edelweiss Financial Services NCD – October 2024

Edelweiss Financial Services NCD opens for subscription on 07 October 2024. The company aims for a base issue size of ₹100 Crores.


About the company

Incorporated in November 1995, Edelweiss Financial Services Limited (EFSL), formerly known as Edelweiss Capital Limited is a Mumbai-based investment banking firm and Merchant Banker. Edelweiss provides retail and corporate credit, asset management including mutual fund and alternatives asset management, asset reconstruction, insurance both life and general insurance, and wealth management services through its subsidiaries. Edelweiss Group comprises 27 subsidiaries as of June 30, 2024. As of June 30, 2024, the company has a pan-India and international network with 251 domestic offices, and 3 international offices and employs over 5,889 employees. Edelweiss has been a publicly traded company since 2007 under the symbols NSE: EDELWEISS and BSE: 532922.


Objectives of the Issue

  • For repayment /prepayment of interest and principal of existing borrowings of the Company; and
  • General Corporate Purposes.

Edelweiss Financial Services NCD Details

Issue OpenOctober 7, 2024 – October 18, 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 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

#Series 1Series 2Series 3Series 4Series 5Series 6Series 7Series 8Series 9Series 10Series 11Series 12
Frequency of Interest PaymentAnnualNAMonthlyAnnualNAMonthlyAnnualNAAnnualMonthlyAnnualAnnual
NatureSecuredSecuredSecuredSecuredSecuredSecuredSecuredSecuredSecuredSecuredSecuredSecured
Tenor24 Months24 Months36 Months36 Months36 Months60 Months60 Months60 Months60 Months120 Months120 Months120 Months
Coupon (% per Annum)9.5%NA9.57%10%NA10.04%10.5%NA10.5%10.49%11%11%
Effective Yield (% per Annum)9.5%9.5%10%10%10%10.51%10.49%10.5%10.5%11%10.99%10.99%
Amount on Maturity (In Rs.)₹ 1,000₹1,199.1₹ 1,000₹ 1,000₹ 1,331₹ 1,000₹ 1,000₹1,647.9₹ 1,000₹ 1,000₹ 1,000₹ 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 Rs 10,000 million by CRISIL Ratings Limited.


Company Financials

Period Ended31 Mar 202431 Mar 2023
Assets42,919.5744,064.27
Revenue9,601.588,632.59
Profit After Tax528.05405.56
Reserves and Surplus4,377.826,442.88
Total Borrowing20,248.422,588.65
(Amount in ₹ Crore)

Edelweiss Financial Services NCD Allocation Ratio

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

Edelweiss Financial Services NCD Prospectus


Company Promoters

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

NCD Lead Manager

  • Trust Investment Advisors Private Limited
  • Nuvama Wealth Management Limited
  • Tipsons Consultancy Services Private Limited

Edelweiss Financial Services Registrar

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

Phone: 04067162222, 04079611000
Email: efsl.ncdipo@kfintech.com
Websitehttps://kosmic.kfintech.com/ipostatus/


Company Contact Details

Edelweiss Financial Services Limited
Edelweiss House,
Off C.S.T. Road, Kalina,
Mumbai – 400098

Phone: +91224079 5199
Email: efslncd@edelweissfin.com
Websitehttps://www.edelweissfin.com/


Edelweiss Financial Services NCD Allotment Status

Nido Home Finance NCD June 2024 allotment status will be available on 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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