Established in 1995, Edelweiss Financial Services Limited (EFSL) operates as a distinguished investment banking and Merchant Banking entity, headquartered in Mumbai. Beyond its investment banking prowess, Edelweiss engages in an array of enterprises, including retail and corporate credit, wealth management, asset management, asset reconstruction, and an expansive insurance portfolio encompassing both life and general insurance, facilitated through its subsidiary companies.
Boasting a robust footprint, Edelweiss maintains a widespread presence across India and beyond. With approximately 300 offices strategically positioned in around 126 cities within India, as well as three international locations, the company has created an extensive network for efficient service delivery. This operational capacity is underpinned by a dedicated workforce, numbering around 8,500 employees.
A testament to its growth and influence, Edelweiss transitioned into a publicly-traded entity in 2007. It is now accessible through trading under the symbols NSE: EDELWEISS and BSE: 532922, representing its notable presence in the financial market.
Edelweiss Financial NCD Tranche III July 2023 Detail #
| Issue Open | Jul 4, 2023 – Jul 17, 2023 |
| Security Name | Edelweiss Financial Services Limited |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Issue Size (Base) | Rs 300.00 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 and Monthly |
| Basis of Allotment | First Come First Serve Basis |
| Debenture Trustee/s | Beacon Trusteeship Limited |
Edelweiss Financial Services Limited NCD Coupon Rates
| # | Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 | Series 7 | Series 8 | Series 9 | Series 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Frequency of Interest Payment | Annual | NA | Monthly | Annual | NA | Monthly | Annual | NA | Monthly | Annual |
| Nature | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured |
| Tenor | 24 Months | 24 Months | 36 Months | 36 Months | 36 Months | 60 Months | 60 Months | 60 Months | 120 Months | 120 Months |
| Coupon (% per Annum) | 8.95% | NA | 9.20% | 9.60% | NA | 9.67% | 10.10% | NA | 10.00% | 10.45% |
| Effective Yield (% per Annum) | 8.94% | 8.95% | 9.59% | 9.59% | 9.60% | 10.10% | 10.09% | 10.10% | 10.46% | 10.44% |
| Amount on Maturity (In Rs.) | Rs 1,000.00 | Rs 1,187.30 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,317.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,618.70 | Rs 1,000.00 | Rs 1,000.00 |
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 Promoters #
Mr. Rashesh Shah, Mr. Venkatchalam Ramaswamy, Ms. Vidya Shah, and Ms. Aparna T.C. are the Promoters of the company.
Company Financials #
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-22 | 43,187.78 | 7,304.60 | 212.08 |
| Amount in ₹ Crore | |||
Objects of the Issue #
The proceeds from the issue will be utilized towards funding the following objectives:
- For the purpose of repayment /prepayment of interest and principal of existing borrowings of our Company.
- General Corporate Purposes.
Edelweiss Financial NCD Tranche III July 2023 Prospectus #
- › Red Herring Prospectus
- › Draft Prospectus (Shelf)
- › Red Herring Prospectus (Shelf)
Edelweiss Financial NCD Tranche III July 2023 Subscription Status #
The Edelweiss Financial NCD Tranche III July 2023 was subscribed 2.06 times on Jul 17, 2023 6:00:00 PM. The NCD subscribed 2.59 times in Retail, 1.87 times in HNI, 2.76 times in Non-Institutional, and 0.01 times in the Institutional category.
| Category ? | Subscription (times) |
|---|---|
| Retail | 2.59x |
| HNI | 1.87x |
| Non-Institutional | 2.76x |
| Institutional | 0.01x |
| Total | 2.06x |
Check Day by Day Bidding Details
Company Contact Information #
Edelweiss House, Off C.S.T. Road,
Kalina, Mumbai 400 098
Maharashtra, IndiaPhone: +91 22 4009 4400
Email: efslncd@edelweissfin.com
Website: http://www.edelweissfin.com
Edelweiss Financial NCD Tranche III July 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: efsl3.ncdipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
