Edelweiss Financial Services NCD

Edelweiss Financial Services NCD opens for subscription from 06 October 2023. 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 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 242 domestic offices, and three international offices (total 245 offices) and employed 6,062 employees as of 30 June 2023. The group comprises 28 subsidiaries and 10 associate companies as of 30 June 2023.

Its total income of the company was INR 10,848.85 crores for the year 31 March 2021, INR 7,304.59 crores for the year 31 March 2022, and INR 8,632.59 crores for the year 31 March 2023 on a consolidated basis. The profit attributable to owners of the company was INR 2 65.34 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 the purpose of repayment /prepayment of interest and principal of existing borrowings of the Company.
  • General Corporate Purposes.

Edelweiss Financial Services NCD Details

Issue OpenOctober 6, 2023 – October 19, 2023
Security NameEdelweiss Financial Services Limited
Security TypeSecured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Issue Size (Base)₹100 Crores
Issue Size (Shelf)₹200 Crores
Issue Price₹1000 per NCD
Face Value₹1000 for each NCD
Minimum Lot Size10 NCD
Market Lot1 NCD
Listing AtBSE
Credit RatingCRISIL AA-/Negative by CRISIL.
Tenor24, 36, 60 and 120 Months
SeriesSeries I to X
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 monthsAnnual8.95%8.94%₹ 1,000
Series 224 monthsCumulativeNA8.95%₹ 1,187.30
Series 336 monthsMonthly9.20%9.59%₹ 1,000
Series 436 monthsAnnual9.60%9.59%₹ 1,000
Series 536 monthsCumulativeNA9.60%₹ 1,317.0
Series 660 monthsMonthly9.67%10.10%₹ 1,000
Series 760 monthsAnnual10.10%10.09%₹ 1,000
Series 860 monthsCumulativeNA10.10%₹ 1,618.70
Series 9120 monthsMonthly10.00%10.46%₹ 1,000
Series 10120 monthsAnnual10.45%10.44%₹ 1,000

Edelweiss Financial Services NCD Rating

The NCDs proposed to be issued under this Issue have been rated CRISIL AA- /Negative (pronounced as CRISIL double A minus rating with a Negative outlook).

Edelweiss Financial Services Financial Summary

Period Ended31 Mar 202331 Mar 2022
Profit After Tax405.56212.07
Net Worth5,000.224,125.99
Total Borrowing2,588.652,788.65
(Amount in ₹ Crore)

Edelweiss Financial Services NCD Allocation Ratio

Category NCD’s Allocated

Company Promoters

  • Rashesh Shah
  • Venkatchalam Ramaswamy
  • Vidya Shah
  • Aparna

NCD Lead Manager

  • Trust Investment Advisors Private Limited
  • Nuvama Wealth Management Limited

Edelweiss Financial Services Registrar

Selenium Tower B, Plot 31-32, Gachibowli,
Financial District, Nanakramguda,
Serilingampally, Hyderabad – 500 032, Telangana
Phone: +91 40 6716 2222
Email: efsl10823.ncdipo@kfintech.com
Website: www.kfintech.com

Edelweiss Contact Details

Edlweiss House, Off C.S.T. Road,
Kalina, Mumbai 400 098,
Maharashtra, India
Phone: +91 22 4079 5199
Email: efslncd@edelweissfin.com
Website: www.edelweissfin.com

Final Thoughts

Non-convertible debentures (NCDs) are a better investment option for those who are looking for 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.

Happy Investing

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