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IPO

BondsIndia

AA-

Opening Date

06 Apr 2023

Closing Date

21 Apr 2023

Yield

Upto 10.46%

Tenure

Upto 120 Months

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Home   /   IPO   /   Edelweiss Financial Services Limited

IPO

EDELWEISS FINANCIAL SERVICES LIMITED

Ongoing IPO

EDELWEISS FINANCIAL
SERVICES LIMITED

Opening Date
06 Apr 2023

BondsIndia

AA-

Closing Date
21 Apr 2023

bondsindia

Time to close

Yield
Upto 10.46%

Tenure
Upto 120 Months

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IPO Details

IPO Details

Issue Size (Including Green Shoe Option) 400.00 crores
Face Value ₹1000
Coupon Upto 10.45%
Minimum Number of Bonds 10
Lot Size (Multiplier) 1
Allotment Date (Tentative) 28 Apr 2023
Listing Date (Tentative) 02 May 2023
Exchange Bid Time (24 Hours) 10:00 to 17:00

Documents attached

Information Memorandum

 

BondsIndia
Product Note

 

BondsIndia

*Allotment on first come first serve basis

 

ISSUE STRUCTURE

Series
I
II
III
*IV
V
VI
VII
VIII
IX
X
Tenure (In Months)
24
Months
24
Months
36
Months
36
Months
36
Months
60
Months
60
Months
60
Months
120
Months
120
Months
Frequency of Interest payment
Annual
Cumulative
Monthly
Annual
Cumulative
Monthly
Annual
Cumulative
Monthly
Annual
Minimum Application
10000 (10 NCDs) across all Series
Face Value/Issue Price
1000
In multiples of thereafter
1000 (1 NCD)
Coupon (%per annum) for NCD Holders in Category I, II, III, & IV
8.95%
NA
9.20%
9.60%
NA
9.67%
10.10%
NA
10.10%
10.45%
Effective Yield (per annum) For NCD holders in Category I, II, III, & IV
8.94%
8.95%
9.59%
9.59%
9.60%
10.10%
10.09%
10.10%
10.46%
10.44%
Mode of Interest Payment
Through various mode availabe
Amount (NCD)on Maturity for NCD Holders in Category I, II, III, & IV
1,000
1,187.30
1,000
1,000
1,317.00
1,000
1,000
1,618.70
1,000
1,000
Maturity / Redemption Date (years from the Deemed date of Allotment)
24
Months
24
Months
36
Months
36
Months
36
Months
60
Months
60
Months
60
Months
120
Months
120
Months
Put And Call Option
Not Applicable
*The Company shall allocate and allot Series IV NCDs wherein the Applicants have not indicated the choice of the relevant NCD Series. 

How to invest in the Edelweiss Financial Services Limited IPO?

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!

Reach out to on info@bondsindia.com for more questions. Thank you for tuning in with BondsIndia.

Why choose BondsIndia?

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:

1

Key in Basic Details

2

Choose the IPO Series

3

Place the bid

How to invest in the
Edelweiss Financial Services Limited ?

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 a payment method.
  • That’s all folks, bidding complete!

Reach out to on info@bondsindia.com for more questions. Thank you for tuning in with BondsIndia.

AUM

42,521 Crs

GNPA

10%

NPA

2.4%

  • Edelweiss Housing Finance Limited
    The Edelweiss group comprised 30 subsidiaries and associates as on March 31, 2022. The number of companies has come down from 74 as on March 31, 2016, because of multiple factors such as sale, windup and merger among others. The group had 293 offices (including 10 international offices in 6 locations) in around 136 cities as on March 31, 2022. Furthermore, as part of streamlining its operating structure, the group has restructured the businesses into four verticals namely credit, insurance, asset management and asset reconstruction.
  • The group is present across various financial services businesses, including loans to corporates and individuals, mortgage finance - loans against property and small-ticket housing loans, MSME finance, alternative and domestic asset management, and life and general insurance. In addition, the Balance sheet Management Unit (BMU) focuses on liquidity and asset-liability management.
  • On a consolidated basis, the group reported PAT of Rs 212 crore on a total income of Rs 4320 crore for fiscal 2022, as against Rs 254 crore on total income of Rs 7015 crore for fiscal 2021.
  • Adequate capitalisation, supported by multiple capital raises The Edelweiss group has demonstrated its ability to raise capital from global investors across businesses, despite the tough macroeconomic environment. The group has raised Rs 4,400 crore since 2016 across lending, wealth management and asset management businesses. This has helped maintain the capital position, despite elevated credit cost and absorb the asset-side risks. The groupu2019s networth stood at Rs 8,499 crore as on September 30, 2022 (Rs 8,537 crore as on March 31, 2022).
  • Diversified financial services player, with demonstrated ability to build significant competitive position The Edelweiss group is a diversified financial services player, with presence in four verticals i.e.; credit (wholesale and retail), insurance (life and general), asset management, and asset reconstruction. The group has attained competitive positions in the alternate asset business and asset reconstruction and is focusing on building market position in other businesses too, which should lend greater stability to earnings over a period of time.

    The asset management business comprises mutual fund and alternate asset businesses. The group is a leading player in the alternate asset segment and its mutual fund assets under management (AUM) has been growing steadily. The asset management AUM has grown more than 3 times to Rs 1,32,000 crore as on September 30, 2022, as against Rs 37,100 crore

    as on March 31, 2019. Mutual fund AUM stood at Rs 92,000 crore and alternate asset AUM at Rs 40,000 crore as on September 30, 2022.
  • Asset quality remains vulnerable The overall gross stage III assets in the lending business stood at Rs 944 crore (10%) as on September 30,2022 as against Rs 930 crore (7.4%) as on March 31, 2022, and Rs 1,182 crore (7.7%) as on March 31, 2021. Of the gross stage III assets, Rs 709 crore as on June 30, 2022, 748 crore and Rs 866 crore, respectively, are from wholesale credit book. The groupu2019s investments in securities receipts outstanding as on September 30, 2022 was Rs 5,621 crore (Rs 5,446 crore as March 31, 2022).

    The retail book asset quality saw an uptick as on March 31, 2021, with gross stage III assets increasing to Rs 316 crore (Rs 134 crore a year earlier), however, supported by recoveries and write offs, the retail stage III assets reduced to Rs 186 crore and Rs 165 crore as on March 31, 2022 and June 30,2022 respectively.
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N/A stands for Not Applicable

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