Established in November 1995, Edelweiss Financial Services Limited (EFSL) is a Mumbai-based firm specializing in investment banking and merchant banking services.
Edelweiss offers a wide range of financial services including retail and corporate credit, asset management which encompasses mutual fund and alternative asset management, asset reconstruction, and both life and general insurance. Additionally, it provides wealth management services through its various subsidiaries. Currently, the Edelweiss Group consists of 28 subsidiaries as of June 30, 2023.
With a presence both across India and internationally, Edelweiss operates through 242 domestic offices and 3 international offices. It boasts a workforce of over 6,062 employees as of June 30, 2023.
Edelweiss has been a publicly traded company since 2007 under the symbols NSE: EDELWEISS and BSE: 532922.
Edelweiss Financial Services NCD IPO April 2024 Detail
| Issue Open | April 8, 2024 – April 23, 2024 |
| Security Name | Edelweiss Financial Services Limited NCD IPO |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Issue Size (Base) | Rs 100.00 Crores |
| Issue Size (Oversubscription) | Rs 100.00 Crores |
| Overall Issue Size | 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+/Stable |
| Tenor | 24, 36, 60 and 120 months |
| Series | Series I to XII |
| Payment Frequency | Monthly and Annually |
| Basis of Allotment | First Come First Serve Basis |
| Debenture Trustee/s | Beacon Trusteeship Limited |
Edelweiss Financial NCD IPO Allocation Ratio
Edelweiss Financial Services Limited NCD IPO Coupon Rates
Edelweiss Financial NCD IPO Rating
The Non-Convertible Debentures (NCDs) intended for issuance in this offering have received a CRISIL A+/Stable rating from CRISIL Ratings Limited, amounting to Rs 10,000 million.
Company Promoters
The individuals who serve as the promoters of the company are Rashesh Shah, Mr. Venkatchalam Ramaswamy, Ms. Vidya Shah, and Ms. Aparna T.C.
Company Financials
Edelweiss Financial Services Limited NCD IPO Financial Information (Restated Consolidated)
Edelweiss Financial Services Limited’s revenue increased by 19.69% and profit after tax (PAT) rose by 91.23% between the financial year ending with March 31, 2023 and March 31, 2022.
Objects of the Issue
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- For repayment/prepayment of interest and principal of existing borrowings of the Company.
- General corporate purposes.
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