Edelweiss Financial Services NCD April 2021
Edelweiss is one of India’s leading financial services conglomerates, offering a robust platform to a diversified client base across domestic and global geographies.
Edelweiss key lines of business.
- Credit (Retail, Corporate)
- Investment & Advisory (Wealth Management, Asset Management)
- Insurance (Life, General)
Edelweiss Financial Services Limited issued the Non-Convertible Debentures (NCD) subscription from 1st April, 2021 and ending on 23rd April,, 2021.
Edelweiss Financial Services offering upto 9.70% interest rates on the NCDs. The NCDs tenure will be for 36 months, 60 months and 120 months
- Edelweiss Financial Services NCD April 2021
- Edelweiss Financial Services NCD April 2021 Details
- Objects of the Issue
- Terms of the NCDs – Interest Rates & Tenor
- Edelweiss Financial Services NCD April 2021 Lead Manager(s)
- Edelweiss Financial Services NCD April 2021 Registrar to the Issue
- Edelweiss Financial Services NCD April 2021 – Documents
- Edelweiss Financial Services NCD April 2021 – Important FAQs
Edelweiss Financial Services NCD April 2021 Details
| Desciption | Details |
|---|---|
| Security Name | Edelweiss Financial Services Limited |
| Security Type | Secured Redeemable non-convertible Debentures |
| Issue Period | Apr 01, 2021 – Apr 23, 2021 |
| Issue size | Rs.2,000 million |
| Issue Price | Rs.1000 per NCD |
| Face value | Rs.1000 per NCD |
| Market Lot | 1 NCD |
| Minuimum Lot Size | 10 NCD (Rs.10000) |
| Listing At | BSE |
| Credit Rating | ‘Acuite AA’: (Outlook: Negative) by Acuite Ratings & Research Limited and “BWR AA-/Stable (Assigned)” by Brickwork Ratings India Private Limited |
| Allotment | First Come First Serve Basis |
Also Read : Muthoottu Mini Financiers NCD March 2021 – Issue Date, Review & Interest Rates
Objects of the Issue
- For the purpose of repayment /prepayment of interest and principal of existing borrowings of our Company
- General Corporate Purposes
Terms of the NCDs – Interest Rates & Tenor
| Tenure | 36 months | 36 months | 60 months | 60 months | 60 months | 120 months | 120 months |
| Options | I | II | III | IV | V | VI | VII |
| Frequency of Interest Payment | Annual | Cumulative | Monthly | Annual | Cumulative | Monthly | Cumulative |
| Minimum Application | 10 NCDs (Rs 10,000) (across all options of NCDs) | ||||||
| In multiples, of | 1 NCD after the minimum application | ||||||
| Face Value of NCDs (Rs/NCD) | Rs 1,000 | ||||||
| Issue Price (Rs /NCD) | Rs 1,000 | ||||||
| Coupon (%) per annum | 9.10% | NA | 9.16% | 9.55% | NA | 9.30% | 9.70% |
| Effective Yield (%) (per annum) | 9.09% | 9.10% | 9.55% | 9.54% | 9.55% | 9.70% | 9.69% |
| Amount (₹ / NCD) on Maturity for NCD Holders in Category I, II, III & IV |
1,000 | 1,299 | 1,000 | 1,000 | 1,578 | 1,000 | 1,000 |
Edelweiss Financial Services NCD April 2021 Lead Manager(s)
- Equirus Capital Private Limited
Edelweiss Financial Services NCD April 2021 Registrar to the Issue
Edelweiss Financial Services NCD April 2021 – Documents
Edelweiss Financial Services NCD April 2021 – Important FAQs
When is the Edelweiss Financial Services NCD April 2021 issue open date ?
The Edelweiss Financial Services NCD issue open date is on 1st April, 2021
When is the Edelweiss Financial Services NCD April 2021 issue close date ?
The Edelweiss Financial Services NCD issue close date is on 23rd April,, 2021
When is the price for one NCD for Edelweiss Financial Services NCD April 2021 issue ?
The price band is Rs 1000 per NCD and minimum lot size is 10 Bonds (Rs. 10,000)
How to Apply Edelweiss Financial Services NCD April 2021 issue?
Apply from your demat account. You can apply via downloading form from the official website and filling up all the details with the cheque of said amount. You can submit it to the collection centres.