Edelweiss Financial Services NCD July 2024

Edelweiss Financial Services NCD July 2024

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

SeriesFrequencyTenorCoupon (% per Annum)Effective Yield (% per Annum)Amount on Maturity (In Rs.)
1Annual24 M9.50%9.50%Rs 1,000.00
2NA24 MNA9.50%Rs 1,199.10
3Monthly36 M9.57%10.00%Rs 1,000.00
4Annual36 M10.00%10.00%Rs 1,000.00
5NA36 MNA10.00%Rs 1,331.00
6Monthly60 M10.04%10.51%Rs 1,000.00
7Annual60 M10.50%10.49%Rs 1,000.00
8NA60 MNA10.50%Rs 1,647.90
9Annual60 M10.50%10.50%Rs 1,000.00
10Monthly120 M10.49%11.00%Rs 1,000.00
11Annual120 M11.00%10.99%Rs 1,000.00
12Annual120 M11.00%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 Ended31 Mar 202431 Mar 202331 Mar 2022
Assets ₹ Crore42,919.5744,064.274,327.98
Revenue ₹ Crore9,601.588,632.59721.26
PAT ₹ Crore528.05405.5621.21
Net Worth ₹ Crore412.60
Reserves & Surplus ₹ Crore4,377.826,442.88624.53
Total Borrowing ₹ Crore278.87

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.

Edelweiss Financial Services NCD July 2024 FAQs
What are the key dates for Edelweiss Financial Services NCD July 2024?
The issue opens on July 8, 2024, and closes on July 22, 2024.
What is the issue size of Edelweiss Financial Services NCD July 2024?
The base issue size is Rs 100.00 Crores, with an oversubscription option of an additional Rs 100.00 Crores, totaling Rs 200.00 Crores.
What is the face value and issue price of each NCD?
The face value and issue price of each NCD is Rs 1000.
What is the minimum investment required?
The minimum investment required is 10 NCDs, which equals Rs 10,000.
Where will the NCDs be listed?
The NCDs will be listed on the Bombay Stock Exchange (BSE).
What is the credit rating for these NCDs?
The NCDs are rated "CRISIL A+/Watch Negative" by CRISIL Limited.
What are the available tenors for the NCDs?
The available tenors are 24 months, 36 months, 60 months, and 120 months.
What are the coupon rates for the NCDs?
The coupon rates range from 9.50% to 11.00% per annum, depending on the series and tenor.
How often is interest paid on these NCDs?
Interest is paid either monthly or annually, depending on the selected series.
What is the basis of allotment for these NCDs?
The basis of allotment is on a first-come, first-served basis.
What will the proceeds from the issue be used for?
The proceeds will be used for repayment/prepayment of interest and principal of existing borrowings and for general corporate purposes.
Who are the debenture trustees for this issue?
Beacon Trusteeship Limited are the debenture trustees for this issue.
How can I check the allotment status of my NCDs?
You can check the allotment status on the KFintech website at KFintech IPO Status.
Who can I contact for more information?
For more information, you can contact Edelweiss Financial Services at efslncd@edelweissfin.com or call +91 22 4079 5199. You can also contact the registrar, Kfin Technologies Limited, at efsl.ncdipo@kfintech.com or call 04067162222.
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