04-Jul-2024
2 mins read
Edelweiss Financial Services Limited NCD issue is open on Monday, July 8, 2024 and will close on Monday, July 22, 2024. It is a Secured, Redeemable, Non-Convertible Debenture. The base issue size is 100 crore, and the oversubscription issue size remains 100 crore. Edelweiss Financial Services NCD issue price is Rs 1000 per NCD, and the face value is Rs 1000 for each NCD. The minimum lot size is 10 NCD. The basis of allotment is first come and first serve basis. The debenture Trustee is Beacon Trusteeship Limited. The listing is at BSE, the tenor is of 24, 36, 60, 120 months. The lead managers of Edelweiss Financial Services Limited NCD are Trust Investment Advisors Private Limited, Nuvama Wealth Management Limited. The registrar of this IPO issue is Kfin Technologies Limited.
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About Edelweiss Financial Services Limited
Edelweiss Financial Services was incorporated in 1995. It is a Mumbai-based investment banking firm and merchant banker. The company provides retail and corporate credit and asset management services, including mutual fund and alternatives asset management and asset reconstruction. They also provide life insurance and general insurance services. Moreover, the company is a leading player in providing wealth management services through its subsidiaries. Edelweiss is one of India’s leading diversified financial services conglomerates, and it provides a broad range of financial products and services. Edelweiss Housing Finance is now a Nido Home Finance, they provide home financing solutions and turn the dreams of many Indians into reality. As of June 2023, Edelweiss Group comprises 28 subsidiaries as of June 30, 2023.
Objectives of Edelweiss Financial Services NCD
The company will utilise the funds for the repayment or prepayment of interest and principal of existing borrowing of the company. Other than this general corporate purposes will also be fulfilled.
Financial Performance of Edelweiss Financial Services (In Rs Crore)
Edelweiss Financial Services Limited posted a revenue of Rs 9601.57 crore and net profit of Rs 528.05 crore for the period ended on 31 Mar 2024. The revenue increased by 11.22% and PAT increased by 30.2% between the FY ending on 31 March 2024 and 31 March 2023.
|
Period Ended |
31 Mar 2024 |
31 Mar 2023 |
31 Mar 2022 |
|
Assets |
42,919.57 |
44,064.27 |
4,327.98 |
|
Revenue |
9,601.58 |
8,632.59 |
721.26 |
|
Profit After Tax |
528.05 |
405.56 |
21.21 |
|
Net Worth |
- |
- |
412.60 |
|
Reserves and Surplus |
4,377.82 |
6,442.88 |
624.53 |
|
Total Borrowing |
- |
- |
278.87 |
Important Details of Edelweiss Financial Services Limited NCD 2024
|
Issue Open |
July 8, 2024 - July 22, 2024 |
|
Security Name |
Edelweiss Financial Services Limited |
|
Security Type |
Secured, Redeemable, Non-Convertible Debentures |
|
Issue Size (Base) |
Rs 100 Crores |
|
Issue Size (Oversubscription) |
Rs 100 Crores |
|
Overall Issue Size |
Rs 200 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 |
|
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 |
|
Trustee |
Beacon Trusteeship Limited |
Coupon Rates of Edelweiss Financial Services Limited NCD
|
Series 1 |
Series 2 |
Series 3 |
Series 4 |
Series 5 |
Series 6 |
|
|
Frequency of Interest Payment |
Annual |
NA |
Monthly |
Annual |
NA |
Monthly |
|
Tenor |
24 M |
24 M |
36 M |
36 M |
36 M |
60 M |
|
Coupon (% per Annum) |
9.50% |
NA |
9.57% |
10.00% |
NA |
10.04% |
|
Effective Yield (% per Annum) |
9.50% |
9.50% |
10.00% |
10.00% |
10.00% |
10.51% |
|
Amount on Maturity (In Rs.) |
Rs 1,000 |
Rs 1,199.10 |
Rs 1,000 |
Rs 1,000 |
Rs 1,331 |
Rs 1,000 |
|
Series 7 |
Series 8 |
Series 9 |
Series 10 |
Series 11 |
Series 12 |
|
|
Frequency of Interest Payment |
Annual |
NA |
Annual |
Monthly |
Annual |
Annual |
|
Tenor |
60 M |
60 M |
60 M |
120 M |
120 M |
120 M |
|
Coupon (% per Annum) |
10.50% |
NA |
10.50% |
10.49% |
11.00% |
11.00% |
|
Effective Yield (% per Annum) |
10.49% |
10.50% |
10.50% |
11.00% |
10.99% |
10.99% |
|
Amount on Maturity (In Rs.) |
Rs 1,000 |
Rs 1,647.90 |
Rs 1,000 |
Rs 1,000 |
Rs 1,000 |
Rs 1,000 |
NCD Rating
Edelweiss Financial Services NCD is rated CRISIL A+/Watch Negative.
NCD Allocation Ratio
Yet to be announced.
Lead Manager of Edelweiss Financial Services NCD
The lead manager for the Edelweiss Financial Services Limited NCD is Trust Investment Advisors Private Limited, Nuvama Wealth Management Limited.
How to Apply for Edelweiss Financial Services Limited NCD?
Wait for the NCD to open for subscription, then click here to apply for this NCD online and in a hassle free way.
How do you check the allotment status of Edelweiss Financial Services Limited NCD?
The Edelweiss Financial Services Limited NCD registrar is Kfin Technologies Limited. To check your allotment status, please click here.
FAQs
1. When will the Edelweiss Financial Services Limited NCD be open for subscription?
Edelweiss Financial Services Limited NCD issue is open on Monday, July 8, 2024 and will close on Monday, July 22, 2024.
2. What is the issue size and price of the NCD?
The base issue size is 100 crore and for oversubscription issue size remains 100 crore.
3. What are the main objectives of the Edelweiss Financial Services Limited NCD?
The company will use the funds to repay or prepay interest and principal on its existing borrowing. In addition, general corporate purposes will also be fulfilled.
4. How has Edelweiss Financial Services Limited performed financially?
Edelweiss Financial Services Limited posted a revenue of Rs 9601.57 crore and net profit of Rs 528.05 crore for the period ended on 31 Mar 2024. The revenue increased by 11.22% and PAT increased by 30.2% between the FY ending on 31 March 2024 and 31 March 2023.
5. What types of financial services does Edelweiss Financial Services offer?
Edelweiss Financial Services Limited provides retail and corporate credit, asset management services including mutual fund and alternatives asset management, asset reconstruction. They also provide life insurance and general insurance services.
6. How can I apply for the Edelweiss Financial Services Limited NCD ?
Wait for the NCD to open for subscription, then click here to apply for the Edelweiss Financial Services Limited NCD.
7. How can I check the allotment status of the NCD?
The Edelweiss Financial Services Limited NCD registrar is Kfin Technologies Limited. To check your allotment status, please click here.
8. What are the tenors and effective yields for the NCD?
The NCDs offer tenors of 24, 36, 60, 120 months with coupon rates varying from 9.50% to 10.99% from Series 1 to Series 12.
9. Who is the lead manager for the Edelweiss Financial Services Limited NCD?
Trust Investment Advisors Private Limited, Nuvama Wealth Management Limited are the lead managers for the Edelweiss Financial Services Limited NCD.
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