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HomeNCD BondsEdelweiss Financial Services NCD August 2021 – Issue Date, Review & Interest...

Edelweiss Financial Services NCD August 2021 – Issue Date, Review & Interest Rates

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Edelweiss Financial Services NCD August 2021

Latest NCD 2021

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

DateDetails
November 21, 1995Edelweiss Financial Services Limited was incorporated at Mumbai as a public limited company with the name ‘Edelweiss Capital Limited’
August 1, 2011The name of the company was changed to ‘Edelweiss Financial Services Limited’

Edelweiss Financial Services NCD August 2021 Details

DescriptionNCD Details
NCD Issue Open 17-Aug-21
NCD Issue Close 06-Sep-21
Security TypeSecured 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)
SeriesI-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

SeriesSeries 1Series 2Series 3Series 4Series 5Series 6Series 7Series 8
Tenor36 Months36 Months36 Months60 Months60 Months60 Months120 Months120 Months
Frequency of Interest PaymentMonthlyAnnualCumulativeMonthlyAnnualCumulativeMonthlyAnnual
Coupon (%) per annum8.75%9.10%NA9.15%9.55%NA9.30%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.1000Rs.1000Rs.1299Rs.1000Rs.1000Rs.1578.25Rs.1000Rs.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

Red Herring Prospectus

Edelweiss Financial Services NCD August 2021 Lead Managers

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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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