Incorporated in 1995, Edelweiss Financial Services Limited commenced its journey as an investment banking firm following the acquisition of a Category II license from SEBI. Subsequently, the company ascended to the status of a Category I Merchant Banker upon obtaining the requisite license from SEBI.
In December 2007, Edelweiss Financial Services marked a significant milestone by debuting its securities on the mainboard exchanges, namely BSE and NSE.
Over the years, the company has adeptly diversified its operational horizons. Leveraging its subsidiaries, Edelweiss Financial Services extends a wide spectrum of services encompassing credit facilities, spanning both retail and corporate credit domains, asset management, encompassing mutual fund and alternative asset management enterprises, asset reconstruction, life and general insurance offerings, and wealth management ventures.
A hallmark of Edelweiss Financial Services’ approach lies in its resolute commitment to product innovation, a seamless customer experience, and a research-driven methodology. These guiding principles have propelled the company’s outreach to approximately 5 million customers.
Mirroring its expansive operational landscape, Edelweiss Financial Services maintains a robust presence across India, comprising 237 domestic offices. Furthermore, the company’s global footprint is established through three international offices.
As of September 30, 2022, the Edelweiss Group comprises a conglomerate of 28 subsidiaries and 10 associate companies, collectively embodying the organization’s comprehensive and dynamic presence within the financial realm.
Edelweiss Financial Services NCD January 2023 Detail #
| Issue Open | Jan 3, 2023 – Jan 23, 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 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, Cumulative and Monthly |
| Basis of Allotment | First Come First Serve Basis |
| Debenture Trustee/s | Beacon Trusteeship 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 | 601 months | 120 months | 120 months |
| Coupon Rate (Retail) | 9.00% | NA | 9.20% | 9.60% | NA | 9.67% | 10.10% | NA | 10.00% | 10.45% |
| Effective Yield (% per Annum) | 8.99% | 9.00% | 9.59% | 9.59% | 9.60% | 10.10% | 10.09% | 10.10% | 10.46% | 10.44% |
| Amount on Maturity | Rs 1,000.00 | Rs 1,188.40 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,317.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,618.30 | 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 (pronounced as CRISIL double A minus rating with Negative outlook)” for an amount of ₹ 10,000 million by CRISIL Ratings Limited and “ACUITE AA-/ Negative (pronounced as ACUITE double A minus)” for an amount of ₹ 10,000 million by Acuité Ratings & Research Limited.
Company Financials #
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-20 | 54277.54 | 9513.31 | -2043.77 |
| 31-Mar-21 | 46350.01 | 9346.35 | 253.92 |
| 31-Mar-22 | 43187.78 | 6911.4 | 212.07 |
| Amount in ₹ Crore | |||
Objects of the Issue #
The company proposes to utilize the funds which are being raised through the Issue:
- For the purpose of repayment /prepayment of interest and principal of existing borrowings of our Company – 75% of the amount raised and allotted in the Issue.
- General Corporate Purposes – 25% of the amount raised and allotted in the Issue.
Edelweiss Financial Services NCD January 2023 Prospectus #
Edelweiss Financial Services NCD January 2023 Subscription Status #
The Edelweiss Financial Services NCD January 2023 was subscribed 2.35 times on Jan 16, 2023 1:00:00 AM. The NCD subscribed 3.20 times in Retail, 1.85 times in HNI, 3.29 times in Non-Institutional, and 0.00 times in the Institutional category.
| Category ? | Subscription (times) |
|---|---|
| Retail | 3.20x |
| HNI | 1.85x |
| Non-Institutional | 3.29x |
| Institutional | 0.00x |
| Total | 2.35x |
Check Day by Day Bidding Details
Company Contact Information #
Edelweiss House,
Off C.S.T. Road, Kalina,
Mumbai 400 098Phone: +91 22 4009 4400
Email: efslncd@edelweissfin.com
Website: http://www.edelweissfin.com/
Edelweiss Financial Services NCD January 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 Services NCD January 2023 Lead Manager(s) #
- Equirus Capital Private Limited
