Edelweiss Financial Services NCD / Bonds Dates, Size, Allotment, Subscription, DRHP & more
Last Updated Date: Nov 16, 2022Let’s have a detailed review of the company and analytics of the Edelweiss Financial Services NCD release date, NCD issue size, subscription, Edelweiss Financial Services NCD allotment, and other details like the company’s background, its financial positions, its promoters, and other related things.
Edelweiss Financial Services NCD – Sep 2021 Detail
| Credit Rating | Acuite AA (Outlook: Negative), [ICRA] A+ (Negative) |
| Issue Open | Aug 17, 2021 |
| Issue Close | Sep 6, 2021 |
| Base Size | Rs 200.00 Crores |
| Shelf Size | Rs 200.00 Crores |
| Issue Price | Rs 1000 per NCD |
| Face Value | Rs 1000 each NCD |
| Minimum Lot size | 10 NCD |
| Market Lot | 10 NCD |
| Listing At | BSE |
| Tenor | 36, 60, and 120 Months |
| Series | NA |
| Payment Frequency | Monthly, Annual and Cumulative |
| Basis of Allotment | First Come First Serve Basis |
Edelweiss Financial Services NCD – Basis of the Offer Price
| ISSUE STRUCTURE | |
| Security Name | Edelweiss Financial Services |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Coupon payment frequency | Monthly, Annual and Cumulative |
| Coupon type | Fixed |
| Tenor | 36, 60, and 120 Months |
| Depository | NSDL and CDSL |
| Disbursement | SEBI Debt Regulations |
| Debenture Trustee | Beacon Trusteeship Limited |
Edelweiss Financial Services NCD Dates
The opening and the closing date of Edelweiss Financial Services NCD is Aug 17, 2021, to Sep 6, 2021.
Edelweiss Financial Services NCD Subscription
| Day / Date | QIB Category 1 | NII Category 2 | HNI Category 3 | RII Category 4 | Total Subscription |
| 1st – 10th Day: till 27th Aug | |||||
| 10th – 20th Day: till 6th Sep |
|||||
| Shares Offered or Net Issue |
The shares subscribed by the public will be updated here.
Edelweiss Financial Services NCD Allotment Status
Here, you can find the Allotment Status of this NCD.
Edelweiss Financial Services NCD Share Offering
Public issue by their Company of NCDs aggregating up to Rs.10,000 lakhs, with an option to retain over-subscription up to Rs.5,000 lakhs, aggregating up to Rs.15,000 lakhs, on the terms and in the manner set forth herein
Edelweiss Financial Services NCD Allocation Ratio
| NCD Allocation Ratio | |
| Category | NCD’s Allocated |
| QIB – Category 1 | 10% |
| Corporate – Category 2 | 10% |
| HNI – Category 3 | 40% |
| RII – Category 4 | 40% |
Edelweiss Financial Services NCD’s Offered
| NCD’s Offered | |
| Category | NCD’s Reserved |
| QIB – Category 1 | 200,000 |
| NII – Category 2 | 200,000 |
| HNI – Category 3 | 800,000 |
| RII – Category 4 | 800,000 |
| Total NCD’s | 2,000,000 |
Edelweiss Financial Services NCD Coupon Rates
| Series | Frequency | Tenure | Coupon Rate | Effective Yield |
| I | Monthly | 36 months | 8.75% | 9.10% |
| II | Annual | 36 months | 9.10% | 9.09% |
| III | Cumulative | 36 months | NA | 9.10% |
| IV | Monthly | 60 months | 9.15% | 9.54% |
| V | Annual | 60 months | 9.55% | 9.54% |
| VI | Cumulative | 60 months | NA | 9.55% |
| VII | Monthly | 120 months | 9.30% | 9.70% |
| VIII | Annual | 120 months | 9.70% | 9.69% |
Edelweiss Financial Services NCD Issue Object
- For the purpose of repayment /prepayment of interest and principal of existing borrowings of their Company
- General corporate purposes.
Edelweiss Financial Services – Company Overview
Their Company, Edelweiss Financial Services Limited (“EFSL”), was incorporated on November 21, 1995, under the name Edelweiss Capital Limited and started operations as an investment banking firm after receipt of a Category II license from SEBI. Edelweiss Capital Limited subsequently received a Category I Merchant Banker license from SEBI with effect from October 16, 2000. The name of Edelweiss Capital Limited was changed to ‘Edelweiss Financial Services Limited’ with effect from August 1, 2011.
They have a pan-India and international network with approximately 219 domestic offices, and seven international offices (total 226 offices), in approximately 124 cities in India and three international locations and employed approximately 5,685 employees as of September 30, 2021, excluding EWM and EGIBL offices and employees.
Their group comprises 32 subsidiaries and 10 associate companies as at September 30, 2021. Their profit/(loss)attributable to owners of the Company was Rs 753.80 million for the six months ended September 30, 2021, on a consolidated basis.
They believe that their diversified business strategy has improved the resilience of their business model across economic cycles. They constantly pursue innovation and invest in new ideas, newer products, newer alternate channels of delivery, and so on.
Edelweiss Financial NCD Lead Managers
| Lead Managers |
| Equirus Capital Private Limited 12th Floor, C Wing, Marathon Futurex, N.M. Joshi Marg, Lower Parel, Mumbai 400 013 Tel: +91 22 4332 0700 Email: efsl.ncd@equirus.com Website: www.equirus.com |
Edelweiss Financials NCD Debenture Trustee
| Debenture Trustee |
| Beacon Trusteeship Limited 4 C&D, Siddhivinayak Chambers, Gandhi Nagar, Opp. MIG Cricket Club Bandra (East), Mumbai 400 051 Tel.: +91 22 26558759 Email: compliance@beacontrustee.co.in Website: www.beacontrustee.co.in Contact Person: Kaustubh Kulkarni |
Edelweiss Financial NCD Registrar to offer
| Registrar to the Offer |
| KFIN TECHNOLOGIES PRIVATE LIMITED Selenium Tower B, Plot 31-32, Gachibowli, Financial District, Nanakramguda, Serilingampally, Hyderabad 500 032 Tel: +91 40 6716 2222 Fax: +91 40 2343 1551 Email: efsl2.ncdipo@kfintech.com Website: www.kfintech.com Contact Person: M Murali Krishna |
Edelweiss Financial NCD Ratings
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 Rs 10,000 million by CRISIL vide their rating letter dated October 22, 2021, and “ACUITE AA” for an amount of Rs15,000 million by Acuité vide their rating letter dated October 20, 2021.
This rating is not a recommendation to buy, sell or hold securities and investors should take their own decision. The rating may be subject to revision or withdrawal at any time by the assigning rating agency and each rating should be evaluated independently of any other rating.
The rating agency has a right to suspend or withdraw the rating at any time on the basis of factors such as new information. Please refer to Annexure A and Annexure B of this Draft Shelf Prospectus for the rationale of the above rating.
Edelweiss Financial Services NCD News
News 1 – RHP Prospectus [Download]
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