Opening Date
6 Dec 2021
Closing Date
22 Dec 2021
Yield
Upto 9.70%
Tenure
Upto 120 Months
Ongoing IPO
Opening Date
6 Dec 2021
Closing Date
22 Dec 2021
Time to close
Yield
Upto 9.70%
Tenure
Upto 120 Months
| Issue Size (Including Green Shoe Option) | 500 | ||
| Face Value | 1000 | ||
| Coupon | Upto 9.70% | ||
| Minimum Number of Bonds | 10 | ||
| Lot Size (Multiplier) | 1 | ||
| Allotment Date (Tentative) | 28 Jan 2022 | ||
| Listing Date (Tentative) | 31 Jan 2022 | ||
| 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 | IX | X |
Nature Of NCDs | Secured ,Redeemable , Non-Convertible Debenture | |||||||||
Who Can Apply | Everyone | |||||||||
Tenure | 24 Months | 24 Months | 36 Months | 36 Months | 36 Months | 60 Months | 60 Months | 60 Months | 120 Months | 120 Months |
Frequency of Interest payment | YEARLY | CUMULATIVE | MONTHLY | YEARLY | CUMULATIVE | MONTHLY | YEARLY | CUMULATIVE | MONTHLY | YEARLY |
Best Coupon Rate (% p.a.) for: | ||||||||||
Category 1 | 8.75 % | -N.A.- | 8.75 % | 9.10 % | -N.A.- | 9.15 % | 9.55 % | -N.A.- | 9.30 % | 9.70 % |
Category 2 | 8.75 % | -N.A.- | 8.75 % | 9.10 % | -N.A.- | 9.15 % | 9.55 % | -N.A.- | 9.30 % | 9.70 % |
Category 3 | 8.75 % | -N.A.- | 8.75 % | 9.10 % | -N.A.- | 9.15 % | 9.55 % | -N.A.- | 9.30 % | 9.70 % |
Category 4 | 8.75 % | -N.A.- | 8.75 % | 9.10 % | -N.A.- | 9.15 % | 9.55 % | -N.A.- | 9.30 % | 9.70 % |
Effective Yield (% p.a.) for: | ||||||||||
Category 1 | 8.75 % | 8.75 % | 9.10 % | 9.09 % | 9.10 % | 9.54 % | 9.54 % | 9.55 % | 9.70 % | 9.69 % |
Category 2 | 8.75 % | 8.75 % | 9.10 % | 9.09 % | 9.10 % | 9.54 % | 9.54 % | 9.55 % | 9.70 % | 9.69 % |
Category 3 | 8.75 % | 8.75 % | 9.10 % | 9.09 % | 9.10 % | 9.54 % | 9.54 % | 9.55 % | 9.70 % | 9.69 % |
Category 4 | 8.75 % | 8.75 % | 9.10 % | 9.09 % | 9.10 % | 9.54 % | 9.54 % | 9.55 % | 9.70 % | 9.69 % |
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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:
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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 32,84,065.75 Crore
Edelweiss is one of India`s leading financial services conglomerates, offering a robust platform to a diversified client base across domestic and global geographies.
Key Businesses : Credit (Retail, Corporate) , Investment & Advisory (Wealth Management, Asset Management), Insurance (Life, General)
Diversified business profile
The group has been diversifying within each of its key businesses, as well as entering new businesses over the past few years. It is now present in the retail and wholesale lending segments, securities broking, wealth management, asset management, insurance, stressed-asset management, and alternate assets. Many of these have now attained sizeable scale and are likely to lend greater stability to earnings
Demonstrated ability to build significant competitive positions across businesses
While the group remains a large player in the traditional broking business, it has also build a sizeable lending book. In the distressed assets segment, EARC remains the largest ARC in India. The established market position in capital market-related businesses should provide the group with a regular stream of fee-based income over the medium term
Asset quality exposed to risks related to concentration in wholesale lending
The asset quality in the credit business has deteriorated in the last 18 months. While the asset quality in the retail loan book remained comfortable, the asset quality in the wholesale loan book deteriorated significantly$Furthermore, given the current macro environment, asset quality of the group`s exposures to loans against property (LAP) and loans to micro, SME sectors would be key monitorables. This stems from the sensitivity of borrowers of such loans to the current environment
Lower profitability than peers
Profitability has been lower than those of other large, financial sector groups. While profitability was on an improving trend over the past few fiscals, it has been significantly impacted in fiscal 2020. With higher credit costs, return on assets (annualised) and return on equity (annualised) fell sharply to 0.5% and 3.4%, respectively, during the first 9 months of fiscal 2020 (1.6% and 12.6%, respectively, in fiscal 2019). Provisioning costs, increased by 71% year-on-year (y-o-y) to Rs 651 crore during this period.
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