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| Issue Size (Base) | ₹100.00 Cr |
| Face Value | ₹1000 each NCD |
| Issue Price | ₹1000 per NCD |
| Market Lot | 1 NCD |
| Min Order Qty | 10 NCD |
| Min Order Amount | ₹10000 |
| Listing at | BSE |
| Tenor | 24, 36, 60 and 120 Months |
| Credit Rating | CRISIL A+/Watch Negative by CRISIL Ratings Limited. |
| Series | Series I to XII |
| Payment Frequency | Monthly and Annually |
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | ||||||||||||||||||
| Assets | 42,919.57 | 44,064.27 | ||||||||||||||||||
| Revenue | 8,632.59 | 9,601.58 | ||||||||||||||||||
| Profit After Tax | 405.56 | 528.05 | ||||||||||||||||||
| Reserves and Surplus | 6,442.88 | 4,377.81 | ||||||||||||||||||
| Total Borrowing | 2,588.65 | 20,248.42 | ||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||
The company's promoters are Mr. Rashesh Chandrakant Shah, Mr. Venkatchalam A. Ramaswamy, Ms. Vidya Rashesh Shah, and Ms. Aparna T.C.
The company intends to utilize the net proceeds towards the following objectives:
| # | Issue Objects |
|---|---|
| 1 | For repayment /prepayment of interest and principal of existing borrowings of the Company; and |
| 2 | General Corporate Purposes. |
| Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 | Series 7 | Series 8 | Series 9 | Series 10 | Series 11 | Series 12 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Frequency of Interest Payment | Annual | NA | Monthly | Annual | NA | Monthly | Annual | NA | Annual | Monthly | Annual | Annual |
| Nature | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured |
| Tenor | 24 Months | 24 Months | 36 Months | 36 Months | 36 Months | 60 Months | 60 Months | 60 Months | 60 Months | 120 Months | 120 Months | 120 Months |
| Coupon (% per Annum) | 9.5% | NA | 9.57% | 10% | NA | 10.04% | 10.5% | NA | 10.5% | 10.49% | 11% | 11% |
| Effective Yield (% per Annum) | 9.5% | 9.5% | 10% | 10% | 10% | 10.51% | 10.49% | 10.5% | 10.5% | 11% | 10.99% | 10.99% |
| Amount on Maturity (In Rs.) | Rs 1,000 | Rs 1,199.1 | Rs 1,000 | Rs 1,000 | Rs 1,331 | Rs 1,000 | Rs 1,000 | Rs 1,647.9 | Rs 1,000 | Rs 1,000 | Rs 1,000 | Rs 1,000 |
*Series 9 and 12 have staggered redemption options as listed below:
- For Series 9 - (Staggered redemption in 3 annual payments)Redemption of Rs.250 will be done at the end of the 3rd and 4th year each and Rs.500 in the 5th year on maturity.
- For Series 12 - (Staggered redemption in 5 annual payments)Redemption of Rs.200 each year will start from the 6th year till maturity.
The NCDs proposed to be issued under the Issue have been rated CRISIL A+/Watch Negative (placed on ‘Rating Watch with Negative Implications’) for an amount of Rs 10,000 million by CRISIL Ratings Limited.
Edelweiss Financial Services Ltd (EFSL) started operations as an investment banking firm after receiving category II license from SEBI. Later, it received a Category I merchant banker license. The company also acts an investment manager of Edelweiss Multi Strategy Investment Trust, a III category Alternative Investment Fund.
The company has expanded its retail footprint to approximately 9.11 million customers, including corporates, institutions (both domestic and international), high networth individuals and retail clients.
It has a strong PAN-India and international footprint with 250 domestic offices, and 3 international offices.
