Edelweiss Financial Services NCD August 2021
Table of Contents
- Edelweiss Financial Services NCD August 2021
- About Edelweiss Financial Services
- Edelweiss Financial Services – Important Details
- Edelweiss Financial Services NCD August 2021 Details
- Terms of the NCDs
- Objects of the Issue
- Edelweiss Financial Services NCD August 2021 – Documents
- Edelweiss Financial Services NCD August 2021 Lead Managers
- Edelweiss Financial Services NCD August 2021 Registrar
- Edelweiss Financial Services NCD August 2021 – FAQs
About Edelweiss Financial Services
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 – Important Details
| Date | Details |
|---|---|
| November 21, 1995 | Edelweiss Financial Services Limited was incorporated at Mumbai as a public limited company with the name ‘Edelweiss Capital Limited’ |
| August 1, 2011 | The name of the company was changed to ‘Edelweiss Financial Services Limited’ |
Edelweiss Financial Services NCD August 2021 Details
| Description | NCD Details |
|---|---|
| NCD Issue Open | 17-Aug-21 |
| NCD Issue Close | 06-Sep-21 |
| Security Type | Secured Redeemable non-convertible Debentures |
| Issue Size | Public issue of secured, redeemable, non-convertible debentures of face value of Rs.1,000 each (“NCDs”) for an amount of Rs.2,000 million (“Base Issue Size”) with an option to retain oversubscription up to Rs.2,000 million aggregating up to Rs.4,000 million (the “Limit”) (the “Issue”). SEBI circular (SEBI/HO/DDHS/CIR/P/2020/233) dated November 23, 2020 has introduced the UPI Mechanism as an alternate payment mechanism for the Issue, wherein a UPI Investor, may submit the Application Form with a Designated Intermediary or through the app/web based interface platform of the Stock Exchange and use their bank account linked UPI ID for the purpose of blocking of funds, if the application value is upto Rs. 2 lakhs |
| Price Band | Rs 1000 per NCD |
| Face Value | Rs 1000 each NCD |
| Minimum Lot size | 10 Bonds (Rs.10,000) |
| Series | I-VIII |
| Credit Rating | Acuite AA Outlook Negative by Acuite Ratings & Research Limited And ICRA] A+ (Negative) by ICRA Limited |
| Payment Frequency | Cumulative, Monthly and Annually |
| Basis of Allotment | First Come First Serve Basis |
| Symbol | |
| Listing At | BSE |
Terms of the NCDs
| Series | Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 | Series 7 | Series 8 |
| Tenor | 36 Months | 36 Months | 36 Months | 60 Months | 60 Months | 60 Months | 120 Months | 120 Months |
| Frequency of Interest Payment | Monthly | Annual | Cumulative | Monthly | Annual | Cumulative | Monthly | Annual |
| Coupon (%) per annum | 8.75% | 9.10% | NA | 9.15% | 9.55% | NA | 9.30% | 9.70% |
| Effective Yield (%) (per annum) | 9.10% | 9.09% | 9.10% | 9.54% | 9.54% | 9.55% | 9.70% | 9.70% |
| Amount (₹ / NCD) on Maturity for NCD Holders in Category s in all Category) | Rs.1000 | Rs.1000 | Rs.1299 | Rs.1000 | Rs.1000 | Rs.1578.25 | Rs.1000 | Rs.1000 |
Objects of the Issue
- For the purpose of repayment /prepayment of interest and principal of existing borrowings of the Company
- General Corporate Purposes
Edelweiss Financial Services NCD August 2021 – Documents
Edelweiss Financial Services NCD August 2021 Lead Managers
Equirus Capital Private Limited
Edelweiss Financial Services NCD August 2021 Registrar
KFin Technologies Private Limited
Edelweiss Financial Services NCD August 2021 – FAQs
When is the Edelweiss Financial Services NCD August 2021 issue open date?
The Edelweiss Financial Services NCD August 2021 issue open date is on 17th August 2021
When is the Edelweiss Financial Services NCD August 2021 issue close date?
The Edelweiss Financial Services NCD issue close date is on 6th September 2021
What is the price for one NCD for Edelweiss Financial Services NCD August 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 August 2021 issue?
Apply from your Demat account, if you don’t have the Demat Account, Click here to open the Demat Account.
You can apply via downloading the form from the official website and filling up all the details with the cheque of said amount. You can submit it to the collection centers.
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