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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+/Stable 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 | 9,601.58 | 8,632.59 |
| Profit After Tax | 673.94 | 424.13 |
| Net Worth | 604.93 | |
| 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% | 9.99% | 10% | 10.51% | 10.49% | 10.5% | 10.49% | 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 |
The NCDs proposed to be issued under the Issue have been rated CRISIL A+/Stable (pronounced as“Crisil A plus rating” with stable outlook) (for an amount of Rs 10,000 million by CRISIL Ratings Limited.
Edelweiss Financial Services Ltd (EFSL) is a category I merchant banker with SEBI. It is also a category III Alternative Investment Fund and investment manager of Edelweiss Multi Strategy Investment Trust (the “Fund”).
The company offers diversified services through its subsidiaries, such as mutual fund, retail and corporate credit, alternative asset management, asset reconstruction, life insurance and other insurance. As of December 31, 2024, it has 27 subsidiaries, namely EAAA India Alternatives Ltd, Edelweiss Asset Management Ltd, Nido Home Finance, ECL Finance, Edelweiss Retail Finance, Zuno General Insurance, Edelweiss Asset Reconstruction Co. Ltd, and Edelweiss Life Insurance Co. Ltd.
As of December 31, 2024, it has a strong PAN India network of 252 domestic offices and 3 international offices. As of March 31, 2024, it has reported total income worth Rs 96,015.75 million.
