Established in 1995, Edelweiss Financial Services Limited (EFSL) is a prominent investment banking firm headquartered in Mumbai. It operates as a Merchant Banker and has made a significant impact in the financial industry. Edelweiss Financial NCD IPO
Edelweiss Financial NCD IPO offers a diverse range of financial services, encompassing retail and corporate credit, asset management, which includes mutual funds and alternative asset management, asset reconstruction, and both life and general insurance. Additionally, it provides comprehensive wealth management services through its various subsidiaries. As of June 30, 2023, the Edelweiss Group boasts an impressive portfolio of 28 subsidiaries, contributing to its multifaceted presence in the financial sector.
With a widespread presence across India and internationally, Edelweiss maintains a robust network. It operates through 242 domestic offices and has established a global footprint with 3 international offices. As of June 30, 2023, the company is proud to have a dedicated workforce of over 6,062 employees, diligently serving its clients and contributing to its continued success.
Since 2007, Edelweiss Financial Services Limited has been a publicly traded company, offering shares under the symbols NSE: EDELWEISS and BSE: 532922. This information is pertinent, especially in light of the Edelweiss Financial NCD IPO, which may be of interest to potential investors and stakeholders.
Edelweiss Financial NCD IPO October 2023 Detail
| Issue Open | October 6, 2023 – October 19, 2023 |
| Security Name | Edelweiss Financial Services Limited |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Issue Size (Base) | Rs 100.00 Crores |
| Issue Size (Shelf) | 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 AA-/Negative by CRISIL. |
| Tenor | 24, 36, 60 and 120 Months |
| Series | Series I to X |
| Payment Frequency | Monthly and Annually |
| Basis of Allotment | First Come First Serve Basis |
| Debenture Trustee/s | Beacon Trusteeship Limited |
NCD Allocation Ratio
NCD’s Offered by Category
| Category | NCD’s Reserved |
|---|---|
| Institutional | 100,000 |
| Non-Institutional | 100,000 |
| HNI | 400,000 |
| Retail | 400,000 |
| Total NCD’s | 1,000,000 |
Edelweiss Financial NCD IPO Coupon Rates
| # | Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 | Series 7 | Series 8 | Series 9 | Series 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Frequency of Interest Payment | Annual | NA | Monthly | Annual | NA | Monthly | Annual | NA | Monthly | Annual |
| Nature | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured |
| Tenor | 24 Months | 24 Months | 36 Months | 36 Months | 36 Months | 60 Months | 60 Months | 60 Months | 120 Months | 120 Months |
| Coupon (% per Annum) | 8.95% | NA | 9.20% | 9.60% | NA | 9.67% | 10.10% | NA | 10.00% | 10.45% |
| Effective Yield (% per Annum) | 8.94% | 8.95% | 9.59% | 9.59% | 9.60% | 10.10% | 10.09% | 10.10% | 10.46% | 10.44% |
| Amount on Maturity (In Rs.) | Rs 1,000.00 | Rs 1,187.30 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,317.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,618.70 | Rs 1,000.00 | Rs 1,000.00 |
NCD Rating
The NCDs proposed to be issued under this Issue have been rated CRISIL AA- /Negative (pronounced as CRISIL double A minus rating with a Negative outlook).
Company Promoters
Mr. Rashesh Shah, Mr. Venkatchalam Ramaswamy, Ms. Vidya Shah, and Ms. Aparna T.C. are the company’s promoters.
Conclusion
In conclusion, the Edelweiss Financial NCD IPO presents a series of investment options, ranging from Series 1 to Series 10, each with varying tenors, coupon rates, and interest payment frequencies. These NCDs are secured in nature, offering investors a level of security in their investments.
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