Edelweiss Financial Services Limited NCD Detail – Edelweiss Financial NCD December 2020

Edelweiss Financial Services plans to raise funds through public issue of  NCD ( Secured Redeemable Non-Convertible Debentures ) with a face value of Rs 1,000 each. The issue is with a base issue size of Rs 100 crore with an option to retain over subscription up to Rs 900 crore aggregating up to tranche limit of Rs 1,000 crore, the company said.
‘Edelweiss Capital Limited’, Edelweiss Financial Services Limited (EFSL) is an investment banking firm and Merchant Banker. EFSL is also involved in the business including credit including retail and corporate credit, wealth management, asset management, asset reconstruction, and insurance including life and general insurance businesses through its subsidiaries.
Edelweiss Financial has 47 subsidiaries (including NBFCs and an HFC). It has 339 offices in 145 cities in India and six international locations. It employed approximately 9,197 employees as of September 30, 2020.

    Edelweiss Financial NCD December 2020 Detail

    Issue Open Dec 23, 2020 – Jan 15, 2021
    Security Name Edelweiss Financial Services Limited
    Security Type Secured, Redeemable, Non-Convertible Debentures (Secured NCDs)
    Issue Size (Base) Rs 100.00 Crores
    Issue Size (Shelf) Rs 100.00 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
    Tenor 36 months, 60 months, 120 months
    Series
    Payment Frequency Monthly, Annual and Cumulative
    Basis of Allotment First Come First Serve Basis

    Edelweiss Financial NCD Allocation Ratio

    NCD’s allocated in each investor category:

    Category NCD’s Allocated
    Category 1 (QIB) 0%
    Category 2 (NII) 0%
    Category 3 (HNI) 0%
    Category 4 (RII) 0%

    Edelweiss Financial Coupon Rates

    Coupon Rates for Eash Series

    Series 1 Series 2 Series 3 Series 4 Series 5 Series 6 Series 7
    Frequency of Interest Payment Annually Cumulative Monthly Annually Cumulative Monthly Annually
    Tenor 36 Months 36 Months 60 Months 60 Months 60 Months 120 Months 120 Months
    Effective Yield (yearly) 9.35% 9.35% 9.80% 9.79% 9.80% 9.95% 9.94%

    Edelweiss Financial Company Promoters

    Mr Rashesh Shah, Venkatchalam Ramaswamy, Vidya Shah and Aparna T.C are the promoters of the company.

    Objects of the Issue:

    The objects of the Issue and the amount proposed to be financed from Net Proceeds are:

    1. For the purpose of repayment /prepayment of interest and principal of existing borrowings of the Company (At least 75%).

    2. General Corporate Purposes (Maximum of up to 25%)

    Company Contact Information

    Edelweiss Financial Services Limited
    Edelweiss House,
    Off CST Road, Kalina,
    Mumbai – 400098

    Phone: +91 22 40094400
    Email: cs@edelweissfin.com
    Website: https://www.edelweissfin.com/

    Edelweiss Financial NCD December 2020 Registrar

    Link Intime India Private Ltd
    C 101, 247 Park, L.B.S.Marg,
    Vikhroli (West), Mumbai – 400083

    Phone: +91-22-4918 6270
    Email: ncd1.efsl@linkintime.co.in
    Website: http://www.linkintime.co.in

    Edelweiss Financial NCD December 2020 Lead Manager(s)

    • Equirus Capital Private Limited

    Edelweiss Financial NCD December 2020 FAQs

    When is Edelweiss Financial NCD December 2020 public issue coming?

    The Edelweiss Financial NCD December 2020 issue opens on Dec 23, 2020, and closes on Jan 15, 2021, for the subscription. 
    Note that the public issue of NCD is closed early in case it is fully subscribed (base + shelf) before its issue closing day. The allotment is done on a First Come First Serve Basis.

    What is Edelweiss Financial NCD December 2020 timetable?

    Edelweiss Financial Services Limited NCD IPO dates are as below: 
    Edelweiss Financial NCD December 2020 Issue Timetable

    Bid/Offer Opens On Dec 23, 2020
    Bid/Offer Closes On Jan 15, 2021
    Record Date
    Deemed Date of Allotment

    Where can I get the Edelweiss Financial NCD December 2020 issue prospectus pdf?

    Sorry, Edelweiss Financial NCD December 2020 DRHP PDF Document is not available at this time. Sorry, Edelweiss Financial NCD December 2020 Red Herring Prospectus is not available at this time.

    What is Edelweiss Financial NCD December 2020 price? Tell me the pricing of Edelweiss Financial Services Limited NCD issue?

    Edelweiss Financial NCD December 2020 price is set at ₹1000 per NCD.

    What is the face value of Edelweiss Financial NCD December 2020?

    The NCD’s will be issued at a face value of ₹1000 each NCD.

    What is the frequency of interest payment for Edelweiss Financial NCD December 2020?

    The frequency of payment for Edelweiss Financial NCD December 2020 is Monthly, Annual and Cumulative.

    What is the minimum application size for investment in Edelweiss Financial NCD December 2020 public issue?

    Each application should be for a minimum of 10 NCD’s and multiples of 1 NCD thereof.

    What is Edelweiss Financial NCD December 2020 closing time?

    Edelweiss Financial NCD December 2020 remain open for subscription on working days from 10:00 a.m. to 5:00 p.m until Jan 15, 2021. The bid may close earlier in case it is fully subscribed.

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