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| Issue Size (Base) | ₹300.00 Cr |
| Issue Size (Shelf) | ₹1000.00 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 AA-/Negative by CRISIL Ratings Limited and ACUITE AA-/ Negative by Acuité Ratings & Research Limited |
| Series | Series I to X |
| Payment Frequency | Annual and Monthly |
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-22 | 43,187.78 | 7,304.60 | 212.08 |
| Amount in ₹ Crore | |||
Mr. Rashesh Shah, Mr. Venkatchalam Ramaswamy, Ms. Vidya Shah, and Ms. Aparna T.C. are the Promoters of the company.
The proceeds from the issue will be utilized towards funding the following objectives:
| # | Issue Objects |
|---|---|
| 1 | For the purpose of repayment /prepayment of interest and principal of existing borrowings of our Company. |
| 2 | General Corporate Purposes. |
| Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 | Series 7 | Series 8 | Series 9 | Series 10 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Frequency of Interest Payment | Annual | NA | Monthly | Annual | NA | Monthly | Annual | NA | Monthly | Annual |
| Nature | 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 | 120 Months | 120 Months |
| Coupon (% per Annum) | 8.95% | NA | 9.20% | 9.60% | NA | 9.67% | 10.10% | NA | 10.00% | 10.45% |
| Effective Yield (% per Annum) | 8.94% | 8.95% | 9.59% | 9.59% | 9.60% | 10.10% | 10.09% | 10.10% | 10.46% | 10.44% |
| Amount on Maturity (In Rs.) | Rs 1,000.00 | Rs 1,187.30 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,317.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,618.70 | Rs 1,000.00 | Rs 1,000.00 |
The NCDs proposed to be issued under the issue have been rated "CRISIL AA-/" Negative by CRISIL Ratings Limited and "ACUITE AA-/" Negative Acuite Ratings & Research Limited.
Edelweiss Financial Services Limited was founded in November 1995. After its beginnings as an investment banking firm, the company, through its subsidiaries, has diversified its business into lending, including personal and corporate loans; asset management, including mutual funds and alternative asset management; wealth rehabilitation; life and property insurance; and wealth management.
The company believes its focus on product innovation and a seamless customer experience has helped expand its retail banking presence to approximately 5 million customers (excluding wealth customers). The research-driven approach and consistent ability to capitalise on emerging market trends have also enabled us to build strong relationships with customers in various segments, including corporates, institutions (both domestic and international), high-net-worth individuals and private clients.
They constantly strive to innovate and invest in new ideas, newer products and newer alternative distribution channels. They strive to add significant value through new and innovative products and services, and are committed to focusing on six key vectors - people management, cost management, risk management, technology, customer experience and innovation - as they move into the future while adhering to their business principles of putting their customers' interests first, committing to excellence and innovation, and working as a team.
