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10.4% EDELWEISS FINANCIAL SERVICES Secured NCD Open for subscription

08 Jan 2024 - Tushar
Reading time about 3 minutes

Edelweiss is one of India’s leading financial services conglomerates having presense in multiple lines of businesses.

10.4% EDELWEISS FINANCIAL SERVICES Secured NCD Edelweiss Financial Services Limited (“EFSL”), was incorporated on November 21, 1995 under the name Edelweiss Capital Limited and started operations as an investment banking firm after receipt of a Category II license from SEBI. Edelweiss Capital Limited subsequently received a Category I Merchant Banker license from SEBI with effect from October 16, 2000. The name of Edelweiss Capital Limited was changed to ‘Edelweiss Financial Services Limited’ with effect from August 1, 2011.

Key lines of business of Edelweiss are

  • Retail Credit (Home Loans, SME and Business Loans)
  • Asset Management (Mutual Funds and Alternative Assets)
  • Asset Reconstruction
  • Insurance (Life, General)

About NCD issue

This Public NCD issue has base issue size of ₹ 1,250 million with an option to retain over- subscription up to ₹ 1,250 million aggregating up to ₹ 2,500 million.

Title Details
Issue opens Tuesday, January 09, 2024
Issue closes Monday, January 22, 2024
Allotment First Come First Serve Basis
Face Value Rs.1,000 per NCD
Issue Price Rs.1,000 per NCD
Nature of Instrument Secured Redeemable Non-Convertible Debentures
Minimum Application 10 NCDs (Rs.10, 000) & in multiple of 1 NCD thereafter
Tenure 24, 36, 60, and 120 Months
Interest Payment frequency Monthly, Annually, and Cummulative
Listing BSE
Rating ICRA A+, CRISIL A+/Stable

EDELWEISS FINANCIAL SERVICES NCD Jan-2024 – Interest Rates

Series I II III IV V VI VII VIII IX X
Frequency of Interest Payment Annual NA Monthly Annual NA Monthly Annual NA Monthly Annual
Tenor 24 months 24 months 36 months 36 months 36 months 60 months 60 months 60 months 120 months 120 months
Frequency of Interest Payment Annual   Monthly Annual   Monthly Annual   Monthly Annual
Amount (₹ / NCD) on Maturity for NCD Holders in Category I, II, III & IV ₹1,000 ₹1,187.30 ₹1,000 ₹1,000 ₹1,317.00 ₹1,000 ₹1,000 ₹1,618.70 ₹1,000 ₹1,000
Coupon (% per annum) for Category I, II, III & Iv 8.95%   9.20% 9.60%   9.67% 10.10%   10.00% 10.45%
Effective Yield (per annum) for in Category I, II, III & IV 8.94% 8.95% 9.59% 9.59% 9.60% 10.10% 10.09% 10.10% 10.46% 10.44%

Detailed product note can be downloaded from our download section as well.

How to invest in Edelweiss financial services Jan-2024 NCD Online?

Meta Investment works with Lead Manager of issue Nuvama Wealth Management Limited to offer complete online and seamless investing in this NCD. Connect with us today to subscribe to this NCD.