| The principal amount of the NCDs to be issued in terms of this Prospectus together with all interest due and payable on the NCDs, thereof shall be secured by way of exclusive and/or pari-passu charge on the assets of the company including loans and advances, receivables, investments, stock in trade, current & other assets and/or immovable property / fixed assets held by the Company, created in favour of the Debenture Trustee, and/or over the Pledged Securities in favour of the Debenture Trustee for the benefit of the Debenture holders, except those specifically and exclusively charged in favour of certain existing charge holders as specifically set out in and fully described in the Debenture Trust Deed and/or Share Pledge Agreement such that a security cover of at least 1.1 times of the outstanding principal amounts of the NCDs and interest thereon is maintained at all time until the Maturity Date. We have received necessary consents from the relevant debenture trustees and security trustees for ceding pari- assu charge in favour of the Debenture Trustee in relation to the NCDs. For exclusive charge on the assets and/or Pledged Securities, such assets and/or Pledged Securities shall be free from any encumbrances. The NCDs shall be considered as secured only if the charged asset is registered with sub-registrar and RoC or CERSAI or Depository etc., as applicable, or is independently verifiable by the debenture trustee. Without prejudice to the aforesaid, in the event our Company fails to execute the Debenture Trust Deed within the period specified in Regulation 18(1) of the SEBI NCS Regulations or such other time frame as may be stipulated from time-to-time, our Company shall also pay interest of at least 2% (two per cent) per annum to the NCD holders, over and above the interest rate on the NCDs specified in this Prospectus, till the execution of the Debenture Trust Deed. The security shall be created prior to making the listing application for the NCDs with the Stock Exchange(s). |
| Issue Details |
| Issue Open |
05-Jul-2022-26-Jul-2022 |
| Security Name |
Edelweiss Broking Ltd |
| Security Type |
Secured Redeemable Non-Convertible Debentures |
| Issue Size (Base)( .Cr) |
150 |
| Over subscription |
An Option To Retain Oversubscription Up To Rs. 150 Crores Aggregating To Rs. 300 Crores. |
| Issue Price ( ) |
1000 |
| Face Value ( ) |
1000 |
| Market Lot |
1 |
| Credit Rating |
"CRISIL AA- / Negative" by CRISIL and "ACUITE AA" by ACUITE. |
| Tenor |
24 months,36 months,60 months,120 months |
| Series |
Series1,Series2,Series3,Series4,Series5,Series6,Series7,Series8,Series9,Series10 |
| Payment Frequency |
Yearly,At the End,Monthly |
| Objects of the Issue: |
| Public Issue By The Company of Secured Redeemable Non-Convertible Debentures of Face Value of Rs.1,000 each ("NCDS" or "Debentures") Amounting to Rs. 150 Crores With An Option To Retain Over-subscription Up to Rs.150 Crores Aggregating Up to Rs.300 Crores, Hereinafter Referred To As The "ISSUE". |
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| Company Promoters |
| Edelweiss Securities Ltd |
| PAGAC Ecstasy Pte. Ltd |
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| Lead Managers |
| 1. Equirus Capital Pvt Ltd |
| 2. Edelweiss Financial Services Ltd |
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| Registrar to the Issue |
| 1. KFIN Technologies Ltd |
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