Edelweiss Finance Limited NCD, May 2019

Edelweiss Finance Limited NCD

Edelweiss Finance Limited NCD is offering a NCD for investors, which is open for all investors from 10th May 2019 to 7th June 2019. Promoters intend to raise Rs 300 Crores (Base) & Rs 2,000 Crores (Shelf) through the issue. For other details on Edelweiss Finance Limited NCD, scroll below

Edelweiss Finance Limited NCD is a Mumbai based non-deposit taking NBFCs

Edelweiss Finance Limited was incorporated on 18 July 2005 as a public limited company as “ECL Finance Limited “. 

Edelweiss Finance Services Limited is the sole promoters of the Company.

The company is engaged in providing affordable secured and unsecured loans to customers.

  • company focuses on providing – Structured Collateralised Credit
  • Wholesale Mortgages 
  • Loan against securities 
  • Agri credit
  • Retail mortgages
  • Company offers its products to corporates, SME & retail customers residing in india

The net proceeds will be used for:

  • For enhancing the loan book of the company by onward lending , financing, and repayment of the borrowings
  • For general corporate purposes

Issue Details
Issue Open10th May 2019Issue Close7th June 2019
Issue TypeFixed Price Issue NCDFace Value Rs 1000 Per NCD
Issue PriceRs 1000 Per NCDMinimum order quantity10 NCD
Issue Size ( Base)Rs 300 CroreMarket Lot1
Issue Size ( Shelf)Rs 2000 CroreListing at BSE
Series-Payment FrequencyMonthly, Annual and Cummulative
Basis of AllotmentPriority basisTenureRanging from 36 Month to 120 Month

CARE AA has given “Positive” änd Crisil has given “CRISIL AA/Stable” Ratings to the Edelweiss Finance Limited NCD

Axis Bank Limited and Edelweiss Capital Limited are managing the IPO of the company

Edelweiss Finance Limited NCD

Edelweiss House, Off. C.S.T. Road, Kalina, Mumbai, 400 098. Tel: +91 22 4009 4400

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