Established in 1995, Edelweiss Financial Services Limited (EFSL) stands as a prominent investment banking entity situated in Mumbai. The company’s scope of operations transcends its investment banking identity, encompassing diverse enterprises such as retail and corporate credit, wealth management, asset management, asset reconstruction, and insurance. These insurance offerings span life and general insurance domains, facilitated through the company’s subsidiary entities.
Edelweiss Financial Services Limited has strategically established a comprehensive network, spanning pan-India and extending to international frontiers. With a formidable presence encompassing around 300 offices situated across approximately 126 cities within India, as well as three international locations, the company demonstrates a robust operational footprint. This expansive reach is supported by an adept workforce comprising approximately 8,500 dedicated professionals.
An impactful milestone in Edelweiss’s journey is its transformation into a publicly-traded entity since 2007, denoted by its listings under the symbols NSE: EDELWEISS and BSE: 532922. These listings aptly reflect the company’s position within the financial market, further reinforcing its significance.
Edelweiss Financial NCD Tranche II April 2023 Detail #
| Issue Open | Apr 6, 2023 – Apr 21, 2023 |
| Security Name | Edelweiss Financial Services Limited |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Issue Size (Base) | Rs 200.00 Crores |
| Issue Size (Shelf) | Rs 400.00 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 | Monthly, Annual and Cumulative |
| 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 | Cumulative | Monthly | Annual | Cumulative | Monthly | Annual | Cumulative | 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 company promoters.
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 used for the following objects:
1. For repayment/prepayment of interest and principal of existing borrowings.
2. General corporate purposes.
Edelweiss Financial NCD Tranche II April 2023 Prospectus #
Edelweiss Financial NCD Tranche II April 2023 Subscription Status #
The Edelweiss Financial NCD Tranche II April 2023 was subscribed 1.52 times on Apr 21, 2023 6:00:00 AM. The NCD subscribed 2.07 times in Retail, 1.22 times in HNI, 2.06 times in Non-Institutional, and 0.00 times in the Institutional category.
| Category ? | Subscription (times) |
|---|---|
| Retail | 2.07x |
| HNI | 1.22x |
| Non-Institutional | 2.06x |
| Institutional | 0.00x |
| Total | 1.52x |
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 II April 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: efsl2.ncdipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
Edelweiss Financial NCD Tranche II April 2023 Lead Manager(s) #
- Equirus Capital Private Limited
