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Incorporated in November 1995, Edelweiss Financial Services Limited (EFSL) is a Mumbai-based investment banking firm and Merchant Banker.
Edelweiss provides retail and corporate credit, asset management including mutual fund and alternatives asset management, asset reconstruction, insurance both life and general insurance, and wealth management services through its subsidiaries. Edelweiss Group comprises 27 subsidiaries as of March 31, 2024.
As of March 31, 2024, the company has a pan-India and international network with 250 domestic offices, and 3 international offices and employs over 6,117 employees.
Edelweiss has been a publicly traded company since 2007 under the symbols NSE: EDELWEISS and BSE: 532922.
| Issue Open | July 8, 2024 - July 22, 2024 |
| Security Name | Edelweiss Financial Services Limited |
| 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+/Watch Negative (placed on 'Rating Watch with Negative Implications') by CRISIL Ratings Limited. |
| 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 |
Category  |
NCD's Allocated |
|---|---|
| Institutional | 0% |
| Non-Institutional | 0% |
| HNI | 0% |
| 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 Services Limited NCD Coupon Rates
| # | Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 | Series 7 | Series 8 | Series 9 | Series 10 | Series 11 | Series 12 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Frequency of Interest Payment | Annual | NA | Monthly | Annual | NA | Monthly | Annual | NA | Annual | Monthly | Annual | Annual |
| Nature | Secured | Secured | 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 | 60 Months | 120 Months | 120 Months | 120 Months |
| Coupon (% per Annum) | 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) | 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 on Maturity (In Rs.) | Rs 1,000.00 | Rs 1,199.10 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,331.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,647.90 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 |
The company's promoters are Mr. Rashesh Chandrakant Shah, Mr. Venkatchalam A. Ramaswamy, Ms. Vidya Rashesh Shah, and Ms. Aparna T.C.
Edelweiss Financial Services Limited's revenue increased by 11.22% and profit after tax (PAT) rose by 30.2% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 42,919.57 | 44,064.27 | 43,187.78 |
| Revenue | 9,601.58 | 8,632.59 | 7,304.59 |
| Profit After Tax | 528.05 | 405.56 | 21.21 |
| Net Worth | 4,425.54 | 6,381.59 | 6,165.29 |
| Reserves and Surplus | 4,377.82 | 6,442.88 | 624.53 |
| Amount in ₹ Crore | |||
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
The Edelweiss Financial Services NCD July 2024 was subscribed 1.63 times on July 22, 2024 5:28:00 PM. The NCD subscribed 2.36 times in Retail, 1.22 times in HNI, 1.95 times in Non-Institutional, and 0.00 times in the Institutional category.
| Category ? | Subscription (times) |
|---|---|
| Retail | 2.36x |
| HNI | 1.22x |
| Non-Institutional | 1.95x |
| Institutional | 0.00x |
| Total | 1.63x |
5 4.0 Rating:  Vote Here ... |
Edelweiss Financial Services Limited
EdelweissHouse,
OffC.S.T.Road,Kalina,
Mumbai - 400098
Phone: +91224079 5199
Email: efslncd@edelweissfin.com
Website: http://www.edelweissfin.com
Kfin Technologies Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India - 500 032.
Phone: 04067162222, 04079611000
Email: efsl.ncdipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
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