Edelweiss Financial NCD

Edelweiss Financial NCD Details and Analysis

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Edelweiss Financial NCD will be open for subscription from 01 April 2021 to 23 April 2021. the company aims for a Base Issue Size of ₹200 Crores and a shelf Issue size of ₹200 through this NCD Issue.

Edelweiss Financial Services Limited

Incorporated in 1995 in Mumbai as ‘Edelweiss Capital Limited’, Edelweiss Financial Services Limited (EFSL) is an investment banking firm and Merchant Banker. EFSL is also involved in the business including credit including retail and corporate credit, wealth management, asset management, asset reconstruction, and insurance including life and general insurance businesses through its subsidiaries.

Edelweiss Financial has 47 subsidiaries (including NBFCs and an HFC). It has 339 offices in 145 cities in India and six international locations. It employed approximately 9,197 employees as of September 30, 2020. EFSL is a publically traded company since 2007 under the symbols NSE: EDELWEISS and BSE: 532922.

Objects of the Issue

  • For the purpose of repayment /prepayment of interest and principal of existing borrowings of the Company (At least 75%).
  • General Corporate Purposes (Maximum of up to 25%).

NCD Details

Issue Open01 April 2021
Issue Closing23 April 2021
Security NameEdelweiss Financial Services Limited
Security TypeSecured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Base Issue Size₹ 200 Crores
Issue Size (Shelf)₹ 200 Crores
Total Issue size₹ 1000 Crores
Face Value₹ 1000 for each NCD
Minimum Lot size10 NCD
Market Lot10 NCD
Credit Rating‘Acuite AA’: (Outlook: Negative) by Acuite Ratings & Research Limited and “BWR AA-/Stable (Assigned)” by Brickwork Ratings India Private Limited
Payment FrequencyMonthly, Annual and Cumulative
Basis of AllotmentFirst Come First Serve Basis
Listing At BSE

Coupon Rates

#Series 1234567
Frequency of Interest PaymentAnnuallyCumulativeMonthlyAnnuallyCumulativeMonthlyAnnually
Tenor36 Months36 M60 M6O M60 M120 M120 M
Coupon (yearly)9.10%NA9.16%9.55%NA9.30%9.70%
Effective Yield (yearly)9.09%9.10%9.55%9.54%9.55%9.70%9.69%

NCD’s Offered

NCD’s offered in each investor category:

Category NCD’s Reserved
Category 1 (QIB)200,000
Category 2 (NII)200,000
Category 3 (HNI)800,000
Category 4 (RII)800,000
Total NCD’s2,000,000

Company Promoters

  • Mr Rashesh Shah
  • Venkatchalam Ramaswamy
  • Vidya Shah and Aparna T.C 

NCD Lead Managers

  • Equirus Capital Private Limited

NCD Registrar

Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai – 400083
Phone: +91-22-4918 6270
Email: ncd2.efsl@linkintime.co.in

Company Contact Information

Edelweiss Financial Services Limited
Edelweiss House,
Off CST Road, Kalina,
Mumbai – 400098
Phone: +91 22 40094400
Email: cs@edelweissfin.com

Final Thoughts

Non Convertible Debentures (NCD) is a better investment option for those who are looking for a diversified portfolio. investing in Edelweiss Financial NCD is purely your personal choice. make a good study and analysis before you make the investment.

Happy Investing

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