Edelweiss Financial Services Limited NCD Company Profile:
Edelweiss is a prominent financial services conglomerate in India, providing a comprehensive platform for a diverse range of clients both domestically and internationally. The company supports customers at every stage of their financial journey, assisting them in wealth creation, growth, and protection. Company is in the business of providing investment banking services and holding company activities comprising development, managerial and financial support to the business. Its key business segments include
- Retail Credit (Home Loans, SME and Business Loans)
- Asset Management (Mutual Funds and Alternative Assets)
- Asset Reconstruction
- Insurance (Life and General)
Edelweiss is a prominent financial services is coming up with a public issue by the company of secured, redeemable, non-convertible debentures of face value ₹ 1,000 each (“NCDs” or “debentures”), for an amount up to ₹100 crores (“base issue size”) with an option to retain oversubscription up to ₹100crores, aggregating up to ₹200 crores is being offered by way of this prospectus. The issue opens for subscription on Monday, October 7, 2024and will close on Friday, October 18, 2024. The allotment is on a first come first serve basis with the minimum application to be made is of 10 NCDs.
Edelweiss Financial Services Limited NCD Details :
| Issue opens: | Monday, October 7, 2024 | ||||
| Issue closes: | Friday, October 18, 2024 | ||||
| Allotment: | First Come First Serve Basis | ||||
| Face Value: | Rs.1,000 per NCD | ||||
| Nature of Instrument: | Secured Redeemable Non-Convertible Debentures | ||||
| Minimum Application: | 10 NCDs (₹.10, 000) & in multiple of 1NCD thereafter | ||||
| Listing: | BSE | ||||
| Credit Rating: | CRISIL A+ * | ||||
| Issue Size: | Public issue by the Issuer of 20,00,000 secured redeemable non-convertible debentures of face value of ₹ 1,000 each (“NCDs” or “Debentures”) for an amount up to ₹ 100 Crore (“Base Issue Size”) with a green shoe option of up to ₹ 100 Crore, cumulatively aggregating up to ₹ 200 Core (“Issue Limit”). | ||||
| Registrar: | KFin Technologies Limited | ||||
| Category | I – Institutional (“QIB”) | II – Non-Institutional (“Corporates”) | III – High Net worth
Individual (“HNI”) (Amount aggregating to above ₹ 10 lakh) |
IV – Retail Individual (“Retail”) (Amount aggregating up to and including ₹ 10 lakh) | |
| Category Allocation of the overall Issue Size | 10% of Overall Issue Size
|
10% of Overall Issue Size
|
40% of Overall Issue Size
|
40% of Overall Issue Size
|
|
Edelweiss Financial Services Limited NCD
Application form
Edelweiss Financial Services Limited NCD Issue Break Up:
| Category | Allocation | Amount in Crs. | |||
| Base issue Issue | |||||
| Institutional Investors | 10% | 10 | 20 | ||
| Non Institutional Investors | 10% | 10 | 20 | ||
| HNI | 40% | 40 | 80 | ||
| Retail Individual Investors | 40% | 40 | 80 | ||
| Total | 100% | 100 | 200 | ||
Edelweiss Financial Services Limited NCD Specific Terms of the Prospectus:
The terms of the NCDs offered under the Issue are as follows:
| Series | I | II | III | IV** | V | VI | VII | VIII | IX | X | XI | XII |
| Frequency of Interest Payment |
Annual | NA | Monthly | Annual | NA | Monthly | Annual | NA | Annual | Monthly | Annual | Annual |
| Tenor | 24 Months |
24 Months |
36 Months |
36 Months |
36 Months |
60 Months |
60 Months |
60 Months |
60 Months |
120 Months |
120 Months |
120 Months |
| Coupon (% per annum) for Category I, II, III & IV |
9.50% | NA | 9.57% | 10.00% | NA | 10.04% | 10.50% | NA | 10.50% | 10.49% | 11.00% | 11.00% |
| Effective Yield (per annum) for in Category I, II, III & IV |
9.50% | 9.50% | 10.00% | 10.00% | 10.00% | 10.51% | 10.49% | 10.50% | 10.50% | 11.00% | 10.99% | 10.99% |
| Amount (₹ / NCD) on Maturity for NCD Holders in Category I, II, III & IV |
₹ 1,000 |
₹ 1,199.10 |
₹ 1,000 |
₹ 1,000 |
₹ 1,331.00 |
₹ 1,000 |
₹ 1,000 |
₹ 1,647.90 |
Staggered Redemption in Three (3) annual payments of ₹250.00 each in 3rd and 4th Anniversary and ₹ 500.00 on 5th Anniversary* |
₹ 1,000 |
₹ 1,000 |
Staggered Redemption in Five (5) annual payments of ₹ 200 each, starting from 6th Anniversary* until Maturity |
| Redemption Date / Redemption Schedule | 24 Months |
24 Months |
36 Months |
36 Months |
36 Months |
60 Months |
60 Months |
60 Months |
Staggered Redemption by Face Value as per “Principal Redemption Schedule and Redemption Amounts” |
120 Months |
120 Months |
Staggered Redemption by Face Value as per “Principal Redemption Schedule and Redemption Amounts” |
**The Company shall allocate and allot Series IV NCDs wherein the Applicants have not indicated the choice of the relevant NCD Series
For any queries related to the NCD, you can consult the team at Elite Wealth. Since Demat is mandatory for investing in this particular NCD, the investor must open a Demat account with a trusted broker like Elite Wealth.