The Non-Convertible Debentures issued by Edelweiss Financial Services Limited starts from July 4th, 2023 to July 17th, 2023. Issued under Tranche III Issue, this NCD have been rated “CRISIL AA-/Negative (pronounced as CRISIL double A minus rating with Negative outlook)” by CRISIL Ratings Limited and “ACUITE AA-/Negative (pronounced as ACUITE double A minus)” by Acuite Ratings & Research Limited.
Ten separate series of NCDs are being issued, with terms varying from 24 months to 120 months and coupons ranging from 8.94 % p.a. to 10.46 % p.a. The maximum amount the company hopes to raise is Rs 150 crore with a Face value of Rs. 1000 each NCD and a minimum lot size of 10 NCD. The NCDs have a redeemable and secure nature. Let’s investigate more details and get into greater detail about this NCD issue.
About Edelweiss Financial Services Limited
Edelweiss Financial Services Limited (EFSL), a Mumbai-based investment banking firm and Merchant Banker, has been a prominent player in the financial industry since its establishment in 1995. Over the years, Edelweiss has diversified its operations and expanded into various sectors, including credit (both retail and corporate), wealth management, asset management, asset reconstruction, and insurance (including life and general insurance) through its subsidiary companies.
With a vast presence across India and abroad, Edelweiss boasts a robust network of around 300 offices situated in approximately 126 cities within India, along with three international locations. This extensive reach enables the company to cater to a broad range of clients and serve their financial needs effectively. Additionally, Edelweiss takes pride in its dedicated workforce, comprising approximately 8,500 employees who contribute their expertise to the company’s growth and success.
In 2007, Edelweiss made the strategic decision to become a publicly-traded company, signaling its commitment to transparency and accountability in its operations.
Edelweiss Financial Services NCD 2023 – Issue Details
| Issue Type | Secured, Redeemable, Non-Convertible Debentures |
| Issue Company | Edelweiss Financial Services Limited |
| Issue Open | July 4th, 2023 |
| Issue Close | July 17th, 2023 |
| Coupon Rate (ROI) | 8.94 % p.a. to 10.46 % p.a. |
| Face Value | Rs. 1000 |
| Issue Price | Rs. 1000 |
| Issue Size | Base – Rs. 300 Cr., Shelf – Rs. 1000 Cr. |
| Minimum Order Quantity | 10 NCDs (Rs. 10,000) |
| Listing | BSE |
| Listing Date | Within 6 Working Days of Issue Closing Date |
Edelweiss Financial Services Limited NCD 2023 – Objects of the Issue
The proceeds from the Issue will be used as follows, as stated by the company:
- For the purpose of repayment /prepayment of interest and principal of existing borrowings of our Company.
- General Corporate Purposes.
Edelweiss Financial Services Limited NCD Issue
This NCD issue has been rated AA-/Negative by CRISIL Ratings Limited.
Edelweiss Financial Services Limited – Company Contact Details
- Address: Edelweiss House, Off C.S.T. Road, Kalina, Mumbai 400 098 Maharashtra, India.
- Telephone: +91 22 4009 4400
- Website: http://www.edelweissfin.com
Edelweiss Financial Services Limited NCD 2023 – Lead Manager of the Issue
The lead manager for this NCD issue is Equirus Capital Private Limited
Edelweiss Financial Services Limited NCD 2023 – Registrar of the Issue
The registrar of this NCD issue is Kfin Technologies Limited
Edelweiss Financial Services Limited NCD 2023 – Debenture Trustee
The trustee of this debenture issued by Edelweiss Financial Services Limited is Beacon Trusteeship Limited
Issue Documents
Please click here to read the final issue prospectus for detailed information on Edelweiss Financial Services Limited NCD issue 2023.
Disclaimer: This post is just information about the scheme. It does not give any advice or recommendation. Investment in securities is subject to market risk. Please read the offer document carefully before investing. It is also advised to consult your financial advisor of necessary suggestions.
