9.70% Edelweiss Housing Finance NCD April 2022

0
NCD Subscription Allotment Status
Edelweiss Housing Finance NCD April 2022

Edelweiss Housing Finance NCD April 2022 description – Edelweiss Housing Finance is a subsidiary of the Edelweiss group. The company is a non-deposit taking Housing Finance provider company. The firm primarily focuses on offering secured loans to individual investors, mainly rural customers and corporates. Edelweiss Housing Finance is a certified finance institution validated by National Housing Bank. The firm is certified to commence or carry on the business of a housing finance institution without accepting public deposits.

Home Loans: The company provides secured Home Loans to salaried and self-employed individuals. These loans are offered for the purchase, construction or renovation of properties against the mortgage of the same property. These Home Loans comprised 57.02% and 60.17% in the Loan book as of Q4 of FY2020-21 and Q3 of FY2021-22.

Non-Housing Loans: Non-Housing Loans are also known as loans against property (LAP). These loans are offered to corporates for business purposes. Non-Housing Loans can be used for investment in assets, and the purchase of a commercial property. It can be provided against the mortgage of the same property. These Non-Housing Loans comprised 39.64% and 34.64% in the Loan book as of Q4 of FY2020-21 and Q3 of FY2021-22.

Construction Finance: Construction Loans offered to developers for the construction of residential projects. These types of loans are provided against the mortgage of the same property or other collateral. Construction Loans comprised 3.34% and 5.19% in the Loan book as of Q4 of FY2020-21 and Q3 of FY2021-22.

Over the past several years Edelweiss Housing Finance diversified its business. The company has 68 offices in 67 cities in India as of December 31, 2021. The company’s loan book was INR 3,645.35 crores and INR 3,421.98 crores as of March 31, 2021, and December 31, 2021. Also, the gross NPAs are 3.50%, 3.80%, and net NPAs are 3.15%, and 2.98% as of March 31, 2021, and December 31, 2021, respectively. Edelweiss records Profit After Tax of INR3.72 crores and INR1.55 cores as of March 31, 2021, and March 31, 2020.

Promoters of Edelweiss Housing Finance – Edelweiss Financial Services Limited, Edelweiss Rural & Corporate Services Limited and Edel Finance Company Limited are the company promoters.


Edelweiss Housing Finance NCD April 2022 Details

Subscription Dates6 – 26 April 2022
Security TypeSecured, Redeemable, Non-Convertible Debentures
Face ValueINR1,000 per NCD
Issue PriceINR1,000 per NCD
Issue Size (Base)INR150 crore
Overall Issue Size (including oversubscription)INR300 crore
Minimum Lot size10 NCDs
Market Lot1 NCD
Tenor24 months
36 months
60 months
120 months
Credit RatingCRISIL AA-/Negative
ACUITE AA/Negative
Category ReservationCategory 1 (QIB): 10%
Category 2 (NII): 10%
Category 3 (HNI): 40%
Category 4 (Retail): 40%
Basis of AllotmentFirst Come First Serve
Listing OnBSE

Edelweiss Housing Finance NCD April 2022 – Options and Coupon Rates

OptionTenureInterest PaymentCoupon RateEffective YieldMaturity Amount
Series 124 monthsAnnual8.50%8.49%INR1,000
Series 224 months CumulativeNA8.50%INR1,177.50
Series 336 monthsMonthly8.70%9.05%INR1,000
Series 436 months Annual9.05%9.04%INR1,000
Series 536 monthsCumulativeNA9.05%INR1,297.15
Series 660 months Monthly9.15%9.54%INR1,000
Series 7 60 months Annual9.55%9.54%INR1,000
Series 8 60 months CumulativeNA9.55%INR1,578.25
Series 9120 monthsMonthly9.30%9.70%INR 1,000
Series 10120 monthsAnnual9.70%9.69%INR 1,000

Edelweiss Housing Finance Non Convertible Debentures Registrar

KFin Technologies Private Limited 
Selenium Tower B, Plot 31-32, Gachibowli, Nanakramguda,
Hyderabad – 500 032, Telangana
Phone: +91 40 6716 2222 
Fax:
 +91 40 2343 1551
Email: [email protected]
Website: www.kfintech.com


Edelweiss Housing Finance NCD Documents


Edelweiss Housing Finance Contact Details

Edelweiss Housing Finance Limited
Tower 3, 5th Floor, Wing B,
Kohinoor City Mall Kohinoor City,
Kirol Road, Kurla (West) Mumbai 400070
Phone: +91 22 4272 2200
Email: [email protected] Websitehttps://www.edelweisshousingfin.com/


Edelweiss Housing Finance NCD April 2022 Subscription Status (no. of times)

Category 1 (QIB)Category 2 (Corporates)Category 3 (HNI)Category 4 (Retail)Total
26 Apr 2022 0.272.841.143.532.18
23 Apr 20220.011.481.123.281.91
22 Apr 2022 0.011.020.982.961.68
21 Apr 20220.011.000.922.761.57
20 Apr 20220.010.650.842.581.43
19 Apr 2022 0.010.650.772.401.33
18 Apr 2022 0.010.650.732.201.24
13 Apr 2022 0.000.240.581.881.01
12 Apr 2022 0.000.500.511.670.92
11 Apr 20220.000.150.351.310.68
8 Apr 2022 0.000.050.170.850.41
7 Apr 20220.000.020.100.590.28
6 Apr 20220.000.010.050.300.14

Edelweiss Housing Finance NCD April 2022 Allotment Status

Edelweiss Housing Finance NCD March 2022 allotment status will be updated at the website of KFin Technologies’ website. Click on this link to get allotment status.


Edelweiss Housing Finance NCD April 2022 FAQs

What is the face value and lot size of Edelweiss Housing Finance NCD April 2022?

The NCDs will be issued at a face value of INR1,000 each NCD and the minimum lot size is 10 NCDs.

What is the frequency of interest payment in Edelweiss Housing Finance NCD April 2022?

The frequency of payment for Edelweiss Housing Finance NCD is Cumulative, Monthly and Annually.

What is basis of allotment in Edelweiss Housing Finance NCD April 2022 offer?

Edelweiss Housing Finance NCDs will be allotted on a First Come First Serve Basis.

LEAVE A REPLY

Please enter your comment!
Please enter your name here