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IPO

AA+

Opening Date

06 Apr 2022

Closing Date

26 Apr 2022

Coupon Rate

Upto 9.70% + 0.20%*

Tenure

Upto 120 Months

IPO Details

Issue Size (Including Green Shoe Option) ₹300.00 crores
Face Value ₹1000 per NCD
Minimum Number of Bonds 10 NCDs (Rs.10,000) & in multiple of 1NCD
Lot Size (Multiplier) 1
Allotment Date (Tentative) 02nd May 2022
Listing Date (Tentative) 04th May 2022
Exchange Bid Time (24 Hours) 10:00 - 17:00

Documents attached

Information Memorandum

 

Bonds India
Product Note

 

Bonds India

*Allotment on first come first serve basis

ISSUE STRUCTURE

Series
I
II
III
IV
V
VI
VII
VIII
IX
X
Frequency of Interest payment
Annual
Cumulative
Monthly
Annual
Cumulative
Monthly
Annual
Cumulative
Monthly
Annual
Minimum Application
Rs 10000 (10 NCDs) across all Series
Face Value/Issue Price
Rs 1000
In multiples of thereafter
Rs 10000 (1 NCD)
Tenure (In Months)
24
24
36
36
36
60
60
60
120
120
Coupon (%per annum) for NCD Holders in Category 1, 2, 3, & 4
8.50%
NA
8.70%
9.05%
NA
9.15%
9.55%
NA
9.30%
9.70%
Effective Yield (per annum) For NCD holders in Category 1, 2, 3, & 4
8.49%
8.50%
9.05%
9.04%
9.05%
9.54%
9.54%
9.55%
9.70%
9.69%
Mode of Interest Payment
Through various mode availabe
Amount (NCD)on Maturity for NCD Holders in Category 1,2,3,&4
1,000
1,170.50
1,000
1,000
1,297.15
1,000
1,000
1,578.25
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

Why choose Bonds India?

Bonds India 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. Bonds India 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 blockchain-based platform for investors that ensures instant online settlements and reduces counter-party risks. Choose Bonds India for its sleek interface, fail-safe communication, and a step-by-step guide to ensure a well-placed bid. You can apply for Indiabulls Housing Finance 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 HOUSING FINANCE LIMITED IPO?

Application process on Bonds India 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 Bonds India.

AUM

Rs. 3,645.36 Crs

GNPA

3.80%

NPA

2.98%

  • Edelweiss Housing Finance Limited (`EHFL`)
    Edelweiss Housing Finance Limited (`EHFL`), is a non-deposit-taking Housing Finance Company focused on offering secured loan products to suit the needs of individuals, including small ticket unsecured loans to its customers mainly in rural areas, and corporates. It is a part of the Edelweiss group which is one leading diversified financial services groups in India. It has obtained a Certificate of Registration dated March 2010, issued by the National Housing Bank, to commence/carry on the business of a housing finance institution without accepting public deposits.
  • Products Offered
    Home Loans - Home Loans include offering secured loans to salaried individuals, self-employed individuals, and others for purchase/ construction/ renovation of residential properties, against mortgage of the same property, comprising 57.02% and 60.17% of our Loan Book as of March 31, 2021, and December 31, 2021, respectively.

    Non-Housing Loans - Non-Housing Loans include loans against property (LAP), which includes offering loans for business purposes or for the purchase of commercial property or for investment in an asset, against mortgage of the same property, comprises 39.64% and 34.64% of the companyu2019s Loan Book as at March 31, 2021, and December 31, 2021, respectively.

    Construction Finance - Construction Finance includes offering loans to reputed developers for the construction of residential projects, against mortgage of the same property and/or other collateral, comprising 3.34% and 5.19% of our Loan Book as of March 31, 2021, and December 31, 2021, respectively.
  • 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 Macro environment. The group has raised more than Rs.3,700 Crores over the past 24 months across the lending, wealth management, and asset management businesses.
  • Diversified financial services player, with demonstrated ability to build significant competitive positions across businesses
    Edelweiss Group is a diversified financial services player with a presence across various businesses including asset management, Wealth Management, Life Insurance, General Insurance, Asset Reconstruction, alternate assets, broking, investment banking, retail finance, and wholesale finance. This group has attained sizeable scale in many of these businesses over a period of time which is likely to lend greater stability to earnings over time.
  • Pan-India distribution network
    EHFL pan-India network spanned a total of 68 offices in 67 major Indian cities as of December 31, 2021. Their extensive network enables them to acquire more customers for retail businesses where increased profitability and ROE are based upon the increased scale of business. The retail customer base was approximately 22,500 as of March 31, 2021, and was approximately 21,500 as of December 31, 2021.
  • Access to a range of cost-effective funding sources
    The funding requirements are predominantly sourced through credit facilities from banks, NHB, and the issuance of redeemable non-convertible debentures on a private placement basis/through public issuance. They have, over the period of the last few years, accessed funds from multiple classes of credit providers, including nationalized banks, private Indian banks, and mutual funds. Access to low-cost borrowings under the NHB refinance window helps them reduce the cost of borrowings. They have developed stable long-term relationships with the lenders and established a track record of the timely servicing of the debts. Total Borrowings were Rs. 34,813.73 million as of March 31, 2021, and Rs. 28,192.30 million as of December 31, 2021.
  • Effective Use of Technology, Analytics, and Credit Bureau
    They believe that the robust loan management system, analytic ability, and extensive usage of the credit bureau and other allied KYC procedures offer a significant competitive advantage. The systems have the capability of end-to-end customer data capture, computation of income, collateral data capture, and repayment management. The loan approval is controlled by the loan application system. They believe that monthly analytics reports including through-the-door and credit-information tracking are efficient tools for ensuring risk management-controls & compliance.
  • Asset Quality remains vulnerable
    Overall stage III asset ratio rose to 7.7% as of March 31, 2021, compared to 5.3% as of March 31, 2020. The deterioration in asset quality in the last few years was majorly on account of the wholesale segment. In fiscal 2021, the retail segment has also been adversely impacted on account of the pandemic. The group`s weak assets, including a portion of the security receipts, is higher than that of its peer. Although during the first half of fiscal 2022, the overall stage III ratio has improved to 4.5%.
  • Lower profitability than Peers
    Profitability has been lower than those of other large, financial sector groups. It was significantly impacted in the last few quarters to higher credit costs.
  • Moderation in Profitability indicators
    The group reported moderate profitability for FY 2021 with a profit after tax of Rs.254 Cr. driven by one time gain of Rs. 1,400 Cr. reported on the sale of a majority stake in wealth management business to PAG. The future trend in Credit costs will be linked to the fresh slippages in both the segments, i.e., retail as well wholesale segments.

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