Opening Date
3 Apr 2023
Closing Date
19 Apr 2023
Yield
Upto 10.50%
Tenure
Upto 60 Months
Ongoing IPO
Opening Date
3 Apr 2023
Closing Date
19 Apr 2023
Time to close
Yield
Upto 10.50%
Tenure
Upto 60 Months
| Issue Size (Including Green Shoe Option) | 200 | ||
| Face Value | 1000 | ||
| Coupon | Upto 10.50% | ||
| Minimum Number of Bonds | 10 | ||
| Lot Size (Multiplier) | 1 | ||
| Allotment Date (Tentative) | 26 Apr 2023 | ||
| Listing Date (Tentative) | 28 Apr 2023 | ||
| Exchange Bid Time (24 Hours) | 10:00 to 17:00 | ||
Documents attached
*Allotment on first come first serve basis
Series | I | II | III | IV | V | VI | VII | VIII |
Nature Of NCDs | Secured, redeemable, non-convertible debentures | |||||||
Who Can Apply | Everyone | |||||||
Tenure | 24 Months | 24 Months | 24 Months | 36 Months | 36 Months | 36 Months | 60 Months | 60 Months |
Frequency of Interest payment | YEARLY | MONTHLY | CUMULATIVE | YEARLY | MONTHLY | CUMULATIVE | YEARLY | MONTHLY |
Best Coupon Rate (% p.a.) for: | ||||||||
Category 1 | 9.60 % | 9.20 % | -N.A.- | 9.75 % | 9.35 % | -N.A.- | 10.00 % | 9.57 % |
Category 2 | 9.60 % | 9.20 % | -N.A.- | 9.75 % | 9.35 % | -N.A.- | 10.00 % | 9.57 % |
Category 3 | 10.00 % | 9.57 % | -N.A.- | 10.25 % | 9.80 % | -N.A.- | 10.50 % | 10.03 % |
Category 4 | 10.00 % | 9.57 % | -N.A.- | 10.25 % | 9.80 % | -N.A.- | 10.50 % | 10.03 % |
Effective Yield (% p.a.) for: | ||||||||
Category 1 | 9.59 % | 9.58 % | 9.60 % | 9.74 % | 9.75 % | 9.75 % | 9.99 % | 9.99 % |
Category 2 | 9.59 % | 9.58 % | 9.60 % | 9.74 % | 9.75 % | 9.75 % | 9.99 % | 9.99 % |
Category 3 | 9.98 % | 9.99 % | 10.00 % | 10.23 % | 10.24 % | 10.25 % | 10.49 % | 10.50 % |
Category 4 | 9.98 % | 9.99 % | 10.00 % | 10.23 % | 10.24 % | 10.25 % | 10.49 % | 10.50 % |
Application process on BondsIndia platform is simple and seamless.
•Click on the details of the company on the home page
•Fill in the Application form with the basic details such as Name, email address, mobile number, Pan details, bank and Demat details
•Then, confirm the quantity and price and select payment method.
•That's all folks , bidding complete!
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BondsIndia is an online platform for fixed-income securities such as IPOs, bonds, 54EC bonds, and fixed deposits. With a cumulative pedigree of 50+ years in the bond market, we aim to democratize the market for common investors by stationing detailed insights, expert advice, and keeping a close watch on the market sentiment. BondsIndia brings up-to-date information when IPOs go live, fixed deposits with higher interests, and bonds with competitive price before anyone else.
BondsIndia ditches the traditional ways of investing by offering a Technology based platform for investors that ensures instant online settlements and reduces counter-party risks. Choose BondsIndia for its sleek interface, fail-safe communication and step-by-step guide to ensure a well-placed bid. You can apply for Edelweiss Financial Services Limited IPO on BondsIndia's website.
Place your bid in three simple steps:
Key in Basic Details
Choose the IPO Series
Place the bid
Application process on BondsIndia platform is simple and seamless.
Reach out to on info@bondsindia.com for more questions. Thank you for tuning in with BondsIndia.
RS 13,730 Crores
2.1%
1.4%
Indiabulls Commercial Credit Ltd. IBCCL, incorporated in 2006, is a wholly owned subsidiary of Indiabulls Housing Finance Ltd. IBHFL and is classified as a Non Deposit taking Systematically Important Non-Banking Financial Company. IBCCL with strong parental support has considerable expertise in mortgage based financing. SME loans, that IBCCL and IBHFL underwrite are in the lowest risk segment where loans are given out to small businesses. IBCCL emphasizes on self occupied residential properties for collateral, appraising loans which are verified as per cash flow; and most importantly, loans meant for productive business deployment which has to be demonstrated at the time of loan appraisal all of which is aimed to help small business owners further their business plans.
At an operational level, although IBHFL and IBCCL operate separately, IBCCL being a wholly owned subsidiary of IBHFL enjoys the facilities and expertise of the consolidated entity, thus giving IBCCL the benefit of strong business processes, the expertise of business personnel, robust underwriting procedures and a prudent risk management approach of the parent IBHFL. IBCCL enjoys a comfortable capital position as its capital adequacy stands at 41.36% as of Jun 16. These high capital levels afford substantial operational leverage. This also signifies the confidence that the management has placed on IBCCL as a critical subsidiary for IBHFL.
Expectation of support from the parent, IBHFL
ICCL is an important subsidiary for IBHFL, as it undertakes loan against property and Commercial Real Estate business and supports IBHFLs product offering and revenue profile. Further, there exists strong operational and managerial integration between ICCL and IBHFL. The latter benefits from the robust retail franchise and nation-wide branch infrastructure of the parent. ICCL also has board representation from IBHFL. ICCL is the wholly own subsidiary of IBHFL and CRISIL Ratings believes IBHFL will provide both funding and capital assistance to ICCL if & when required. The extensive business and financial linkages, along with 100% holding and shared brand name, imply a support from IBHFL to ICCL. $$
Comfortable capitalisation
ICCL is well capitalised, with networth and gearing of Rs 4,687 crore and 1.8 times, respectively, as on December 31, 2020. The overall and tier-I capital adequacy ratio stood at 32.0% and 34.6%, respectively, as on same date. Given the healthy asset quality, asset side risk cover also remains comfortable, with a networth to proforma net NPA ratio at 8 times as on December 31, 2020. Capitalisation is expected to remain comfortable backed by steady internal cash accrual, and capital support from IBHFL as and when needed.
Susceptibility to asset quality risks, arising from high proportion of Commercial Real Estate portfolio
Asset quality risks arising from the sizeable large ticket Commercial Real Estate portfolio persist, and could impact the companys portfolio performance in an economic downturn scenario. Given the chunkiness of loans in this segment (average ticket size of Rs 150 crore), stress in even a few large accounts could impact asset quality. Nevertheless, the company follows prudent lending practises and also ensures sufficient collateral cover against these loans. While the delinquencies in the commercial lending portfolio remains low, it will continue to be a key monitorable over the medium term.
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