Edelweiss Financial Services Limited NCD Company Profile:
Edelweiss Financial Services Limited is one of India’s leading financial services conglomerates, offering a robust platform to a wide range of client bases across domestic and global geographies. The company’s single-minded focus and continuous is on understanding customers’ needs and offering the right financial solutions. Present in every financial life stage of a customer, helping them create and grow wealth, and protect everything, are the key lines of business of the company.
- Retail Credit (Home Loans, SME and Business Loans)
- Asset Management (Mutual Funds and Alternative Assets)
- Asset Reconstruction
- Insurance (Life, General)
This diversified business model reflects Edelweiss Financial Services Limited’s experience across India’s multiple consuming facets, from large companies and industrial behemoths to small businesses as well as the average Indian urban and rural household. Together with a strong network of Authorized Persons and Sub-Brokers, the Group has a presence across all major cities in India.
Edelweiss Financial Services Limited 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 ₹100 crores, aggregating up to ₹200 crores is being offered by way of this prospectus. The issue opens for subscription on Monday, 08th April, 2024, and will close on Tuesday, 23rd April, 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, 08th April, 2024 | ||||
| Issue closes: | Tuesday, 23rd April, 2024 | ||||
| Allotment: | First Come First Serve Basis | ||||
| Face Value: | ₹ 1,000 per NCD | ||||
| Nature of Instrument: | Secured Redeemable Non-Convertible Debenture (“NCDs”) | ||||
| Minimum Application: | 10 NCDs (₹ 10,000) & in multiple of 1 NCD thereafter | ||||
| Listing: | BSE | ||||
| Credit Rating: | CRISIL A+/Stable | ||||
| Issue Size: | Public issue by Edelweiss Financial Services Limited (“the Company”) of secured, rated, listed, redeemable, non-convertible debentures of face value of ₹ 1,000 each (“NCDs”) for an amount up to ₹100 crores (“Base Issue Size”) with an option to retain oversubscription up to ₹100 crores (“Green Shoe Option”), aggregating up to ₹200 crores. | ||||
| 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% | 10% | 40% | 40% | |
| Bucket Size (₹) assuming Issue size of ₹ 200 Cr | ₹ 20 Cr | ₹ 20 Cr | ₹ 80 Cr | ₹ 80 Cr | |
Edelweiss Financial Services Limited NCD
Application form
Edelweiss Financial Services Limited NCD Specific Terms of the Prospectus:
| 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 NCD Holders in all Categories | 9.00% | NA | 9.20% | 9.60% | NA | 9.67% | 10.10% | NA | 10.10% | 10.00% | 10.45% | 10.45% |
| Effective Yield (% per annum) for NCD Holders in all Categories | 9.00% | 9.00% | 9.60% | 9.60% | 9.60% | 10.10% | 10.09% | 10.10% | 10.10% | 10.46% | 10.44% | 10.44% |
| Amount (₹ / NCD) on Maturity for NCD Holders in all Categories | ₹ 1,000/- | ₹ 1,188.20/- | ₹ 1,000/- | ₹ 1,000/- | ₹ 1,316.71/- | ₹ 1,000/- | ₹ 1,000/- | ₹ 1,618.60/- | 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 |
| Maturity / Redemption Date (from the Deemed Date of Allotment) | 24 Months | 24 Months | 36 Months | 36 Months | 36 Months | 60 Months | 60 Months | 60 Months | 60 Months | 120 Months | 120 Months | 120 Months |
** 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.