Edelweiss Financial Services Limited (EFSL), originally established as Edelweiss Capital Limited in November 1995, is an investment banking and merchant banking firm headquartered in Mumbai.
Through its subsidiaries, Edelweiss offers a wide range of services, including retail and corporate lending, asset management (encompassing mutual funds and alternative investments), asset reconstruction, life and general insurance, and wealth management. As of June 30, 2024, the Edelweiss Group consists of 27 subsidiaries.
By this date, the company had built a network of 251 offices across India and 3 international locations, employing over 5,889 people. Listed on the stock exchanges since 2007, Edelweiss trades under the symbols NSE: EDELWEISS and BSE: 532922.
Edelweiss Financial Services NCD IPO October 2024 Detail
| Issue Open | October 7, 2024 – October 18, 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 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 |
NCD Allocation Ratio
| Category | NCD’s Allocated |
|---|---|
| Institutional | 10% |
| Non-Institutional | 10% |
| HNI | 40% |
| Retail | 40% |
Edelweiss Financial Services Limited NCD IPO Coupon Rates
NCD Rating
The Non-Convertible Debentures (NCDs) planned to be issued in this offering have been assigned a rating of CRISIL A+/Watch Negative (placed under ‘Rating Watch with Negative Implications’) by CRISIL Ratings Limited for an amount of Rs 10,000 million.
Company Promoters
The company’s promoters include Mr. Rashesh Chandrakant Shah, Mr. Venkatchalam A. Ramaswamy, Ms. Vidya Rashesh Shah, and Ms. Aparna T.C.
Purpose of the Issue
The company plans to use the net proceeds for the following purposes:
- To repay or prepay interest and principal on the company’s existing borrowings.
- For general corporate purposes.
Keep reading and supporting thezipco!
Disclaimer: This information is added only for informative purposes and collected from different sources across the Internet. Thezipco is not promoting or recommending anything here. Please verify the information before making any decisions.
