Established in November 1995, Edelweiss Financial Services Limited (EFSL) is an investment banking and merchant banking firm based in Mumbai. Through its subsidiaries, Edelweiss offers services in retail and corporate credit, asset management (including mutual funds and alternative assets), asset reconstruction, life and general insurance, and wealth management. As of March 31, 2024, the Edelweiss Group includes 27 subsidiaries, operates 250 domestic and 3 international offices, and employs over 6,117 people. Edelweiss has been publicly traded since 2007 with the symbols NSE: EDELWEISS and BSE: 532922.
Edelweiss Financial Services NCD IPO July 2024 Detail
| 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 |
Edelweiss Financial Services NCD IPO Allocation Ratio
| Category | NCD’s Allocated |
|---|---|
| Institutional | 0% |
| Non-Institutional | 0% |
| HNI | 0% |
Edelweiss Financial Services Limited NCD IPO Coupon Rates
Edelweiss Financial Services NCD IPO Rating
The proposed NCDs in this issue have been rated “CRISIL A+/Watch Negative (placed on ‘Rating Watch with Negative Implications’)” by CRISIL Limited for an amount of ₹1,500 million.
Company Promoters
The company’s promoters are Mr. Rashesh Chandrakant Shah, Mr. Venkatchalam A. Ramaswamy, Ms. Vidya Rashesh Shah, and Ms. Aparna T.C.
Objects of the Issue
The company plans to use the net proceeds from the issue for the following purposes:
- Repayment or prepayment of interest and principal on existing borrowings.
- General corporate purposes.
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