Contents
Introduction
Edelweiss Financial Services NCD July 2024: Edelweiss Financial Services Limited (EFSL), a Mumbai-based investment banking firm, is launching its Non-Convertible Debentures (NCDs) in July 2024.
Established in November 1995, Edelweiss provides a wide range of financial services, including retail and corporate credit, asset management, insurance, and wealth management through its numerous subsidiaries. With a strong pan-India and international presence, Edelweiss has been a publicly traded company since 2007.
Edelweiss Financial Services NCD Details
Key Dates and Features
- Issue Period: July 8, 2024 – July 22, 2024
- Security Name: Edelweiss Financial Services Limited
- Security Type: Secured, Redeemable, Non-Convertible Debentures (NCDs)
- Issue Size: Rs 100.00 Crores (Base) + Rs 100.00 Crores (Oversubscription), totalling Rs 200.00 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 A+/Watch Negative
- Tenor: Options of 24, 36, 60, and 120 months
- Series: I to XII
- Payment Frequency: Monthly and Annually
- Basis of Allotment: First Come First Serve Basis
- Debenture Trustee: Beacon Trusteeship Limited
Allocation Ratio Of Edelweiss Financial Services NCD July 2024
- Institutional: 0%
- Non-Institutional: 0%
- HNI: 0%
Edelweiss Financial Services NCD July 2024 Coupon Rates
| Series | Frequency | Tenor | Coupon (% per Annum) | Effective Yield (% per Annum) | Amount on Maturity (In Rs.) |
|---|---|---|---|---|---|
| 1 | Annual | 24 M | 9.50% | 9.50% | Rs 1,000.00 |
| 2 | NA | 24 M | NA | 9.50% | Rs 1,199.10 |
| 3 | Monthly | 36 M | 9.57% | 10.00% | Rs 1,000.00 |
| 4 | Annual | 36 M | 10.00% | 10.00% | Rs 1,000.00 |
| 5 | NA | 36 M | NA | 10.00% | Rs 1,331.00 |
| 6 | Monthly | 60 M | 10.04% | 10.51% | Rs 1,000.00 |
| 7 | Annual | 60 M | 10.50% | 10.49% | Rs 1,000.00 |
| 8 | NA | 60 M | NA | 10.50% | Rs 1,647.90 |
| 9 | Annual | 60 M | 10.50% | 10.50% | Rs 1,000.00 |
| 10 | Monthly | 120 M | 10.49% | 11.00% | Rs 1,000.00 |
| 11 | Annual | 120 M | 11.00% | 10.99% | Rs 1,000.00 |
| 12 | Annual | 120 M | 11.00% | 10.99% | Rs 1,000.00 |
NCD Rating
The NCDs are rated “CRISIL A+/Watch Negative” by CRISIL Limited for an amount of ₹1,500 million.
Company Promoters
- Mr. Rashesh Chandrakant Shah
- Mr. Venkatchalam A. Ramaswamy
- Ms. Vidya Rashesh Shah
- Ms. Aparna T.C.
Company Financials
Financial Information (Restated)
Edelweiss Financial Services Limited has shown significant growth in recent years. Revenue increased by 11.22%, and profit after tax (PAT) rose by 30.2% between March 31, 2024, and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets ₹ Crore | 42,919.57 | 44,064.27 | 4,327.98 |
| Revenue ₹ Crore | 9,601.58 | 8,632.59 | 721.26 |
| PAT ₹ Crore | 528.05 | 405.56 | 21.21 |
| Net Worth ₹ Crore | – | – | 412.60 |
| Reserves & Surplus ₹ Crore | 4,377.82 | 6,442.88 | 624.53 |
| Total Borrowing ₹ Crore | – | – | 278.87 |
Amount in ₹ Crore
Objectives of the Issue
The proceeds from the Edelweiss Financial Services NCD July 2024 will be used for:
- Repayment/prepayment of interest and principal of existing borrowings.
- General corporate purposes.
Contact Information
Company Contact
- Address: EdelweissHouse, Off C.S.T. Road, Kalina, Mumbai – 400098
- Phone: +91 22 4079 5199
- Email: efslncd@edelweissfin.com
- Website: Edelweiss Financial Services
Edelweiss Financial Services NCD July 2024 Registrar Contact
- Kfin Technologies Limited
- Address: KFintech, Tower-B, Plot No 31 & 32, Financial District, Nanakramguda, Gachibowli, Hyderabad, Telangana – 500 032
- Phone: 04067162222, 04079611000
- Email: efsl.ncdipo@kfintech.com
- Website: KFintech IPO Status
Conclusion
The Edelweiss Financial Services NCD July 2024 offers a promising opportunity for investors with attractive coupon rates and a range of tenors. With a strong financial background and a clear objective for the proceeds, Edelweiss aims to provide secure and profitable investment options. Make sure to review all details and consult financial advisors before investing.
For more information, visit the Edelweiss Financial Services website or contact their offices directly.
