Edelweiss Financial Services Limited (the “Company” or “Issuer”) was incorporated at Mumbai on November 21, 1995 as a public limited company with the name Edelweiss Capital Limited’ under the provisions of the Companies Act, 1956. Thereafter, a certificate of commencement of business was issued to the Company by the RoC, on January 16, 1996. Subsequently, the name of the Company was changed to ‘Edelweiss Financial Services Limited’ pursuant to a fresh certificate of incorporation issued by the RoC on August 1, 2011.
After commencing the business as an investment banking firm, the Company, through its subsidiaries has now diversified its businesses to include credit including retail and corporate credit, wealth management, asset management, asset reconstruction and insurance including life and general insurance businesses, which are conducted through its subsidiaries. We believe that the research driven and client-centric approach and consistent ability to capitalise on emerging market trends has enabled us to foster strong relationships across corporate, institutional (both domestic and international), high networth individuals and retail clients. We have a pan-India and international network with approximately 312 offices, including two corporate offices in Mumbai and 10 international offices, in approximately 143 cities in India and six international locations and employed approximately 8,844 employees as at December 31, 2020. The group comprises 47 subsidiaries (including NBFCs and an HFC) as at December 31, 2020.
Credit Rating of Edelweiss Financial Services
The company is rated ‘Acuite AA’: (Outlook: Negative) by Acuite Ratings & Research Limited and “BWR AA-/Stable (Assigned)” by Brickwork Ratings India Private Limited.
Issue Purpose
For the purpose of repayment /prepayment of interest and principal of existing borrowings of the Company and for General Corporate Purposes.
Issue Size
Public issue of secured, redeemable, non-convertible debentures of face value of Rs.1,000 each (“NCDs”) for an amount of Rs.2,000 million (“Base Issue Size”) with an option to retain oversubscription up to Rs.2,000 million aggregating up to Rs.4,000 million (the “Limit”) (the “Issue”)
Issue Structure
Tenure | 36 Months | 36 Months | 60 Months | 60 Months | 60 Months | 120 Months | 120 Months |
Options | I | II | III | IV | V | VI | VII |
Frequency of Interest Payment | Annual | Cumulative | Monthly | Annual | Cumulative | Monthly | Annual |
Coupon Rate % Per Annum | 9.10% | NA | 9.16% | 9.55% | NA | 9.30% | 9.70% |
Effective Yield % Per Annum | 9.09% | 9.10% | 9.55% | 9.54% | 9.55% | 9.70% | 9.69% |
Redemption Amount of Rs. 1000 | 1000 | 1299 | 1000 | 1000 | 1578.25 | 1000 | 1000 |
Nature of Issue: Here series I to VII is Secured.
Other Issue Details
Issue Period | 01 Apr 2021 to 23 Apr 2021 |
Market Timing | 10:00AM to 5:00PM |
Post Issue Modification Date | 26 Apr 2021 |
Offer Price / Face Value | 1000.00 |
Rs. 1,000 each NCD | |
Minimum Bid Quantity | 10 |
10 NCDs i.e., Rs.10,000 (across all options of NCDs) |
How to apply for Edelweiss Financial Services NCD
If you are planning to apply for this NCD issue then you can apply here through online and offline both modes. if you are planning to apply through online mode then you can apply here through your net banking option just like you apply for your Equity IPOs, you can also apply here through using the BSE Direct Platform. Now if you are planning to apply through offline mode then you have to fill the physical application form and have to submit it to your broker.
