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Let’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 RatingAcuite AA (Outlook: Negative), [ICRA] A+ (Negative)
Issue OpenAug 17, 2021
Issue CloseSep 6, 2021
Base SizeRs 200.00 Crores
Shelf SizeRs 200.00 Crores
Issue PriceRs 1000 per NCD
Face ValueRs 1000 each NCD
Minimum Lot size10 NCD
Market Lot10 NCD
Listing AtBSE
Tenor36, 60, and 120 Months
Payment FrequencyMonthly, Annual and Cumulative
Basis of AllotmentFirst Come First Serve Basis

Edelweiss Financial Services NCD – Basis of the Offer Price

Security NameEdelweiss Financial Services
Security TypeSecured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Coupon payment frequencyMonthly, Annual and Cumulative
Coupon typeFixed
Tenor36, 60, and 120 Months
DepositoryNSDL and CDSL
DisbursementSEBI Debt Regulations
Debenture TrusteeBeacon 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 / DateQIB Category 1NII Category 2HNI Category 3RII Category 4Total 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
CategoryNCD’s Allocated
QIB – Category 110%
Corporate – Category 210%
HNI – Category 340%
RII – Category 440%

Edelweiss Financial Services NCD’s Offered

NCD’s Offered
CategoryNCD’s Reserved
QIB – Category 1200,000
NII – Category 2200,000
HNI – Category 3800,000
RII – Category 4800,000
Total NCD’s2,000,000

Edelweiss Financial Services NCD Coupon Rates

SeriesFrequencyTenureCoupon RateEffective Yield
IMonthly36 months8.75%9.10%
IIAnnual36 months9.10%9.09%
IIICumulative36 monthsNA9.10%
IVMonthly60 months9.15%9.54%
VAnnual60 months9.55%9.54%
VICumulative60 monthsNA9.55%
VIIMonthly120 months9.30%9.70%
VIIIAnnual120 months9.70%9.69%

Edelweiss Financial Services NCD Issue Object

  1. For the purpose of repayment /prepayment of interest and principal of existing borrowings of their Company
  2. General corporate purposes.

Edelweiss Financial Services – Company Overview

Edelweiss Financial Services NCDTheir 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
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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