Opening Date
5 Jul 2022
Closing Date
12 Jul 2022
Yield
Upto 9.95%
Tenure
Upto 120 Months
Ongoing IPO
Opening Date
5 Jul 2022
Closing Date
12 Jul 2022
Time to close
Yield
Upto 9.95%
Tenure
Upto 120 Months
| Issue Size (Including Green Shoe Option) | 300 | ||
| Face Value | 1000 | ||
| Coupon | Upto 9.95% | ||
| Minimum Number of Bonds | 10 | ||
| Lot Size (Multiplier) | 1 | ||
| Allotment Date (Tentative) | 18 Jul 2022 | ||
| Listing Date (Tentative) | 20 Jul 2022 | ||
| Exchange Bid Time (24 Hours) | 10:00 to 16:55 | ||
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 Debentures | |||||||||
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.- | 8.80 % | 9.15 % | -N.A.- | 9.16 % | 9.55 % | -N.A.- | 9.53 % | 9.95 % |
Category 2 | 8.75 % | -N.A.- | 8.80 % | 9.15 % | -N.A.- | 9.16 % | 9.55 % | -N.A.- | 9.53 % | 9.95 % |
Category 3 | 8.75 % | -N.A.- | 8.80 % | 9.15 % | -N.A.- | 9.16 % | 9.55 % | -N.A.- | 9.53 % | 9.95 % |
Category 4 | 8.75 % | -N.A.- | 8.80 % | 9.15 % | -N.A.- | 9.16 % | 9.55 % | -N.A.- | 9.53 % | 9.95 % |
Effective Yield (% p.a.) for: | ||||||||||
Category 1 | 8.74 % | 8.75 % | 9.15 % | 9.14 % | 9.15 % | 9.55 % | 9.54 % | 9.55 % | 9.95 % | 9.94 % |
Category 2 | 8.74 % | 8.75 % | 9.15 % | 9.14 % | 9.15 % | 9.55 % | 9.54 % | 9.55 % | 9.95 % | 9.94 % |
Category 3 | 8.74 % | 8.75 % | 9.15 % | 9.14 % | 9.15 % | 9.55 % | 9.54 % | 9.55 % | 9.95 % | 9.94 % |
Category 4 | 8.74 % | 8.75 % | 9.15 % | 9.14 % | 9.15 % | 9.55 % | 9.54 % | 9.55 % | 9.95 % | 9.94 % |
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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.
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Application process on BondsIndia platform is simple and seamless.
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Rs 3,266.25 Crores
7.73%
4.10%
EDELWEISS BROKING LIMITED
Edelweiss Broking limited (EBL) is a technology driven securities company in India that offers a wide range of financial services including broking services, distribution of financial products, short term funding for employee stock option schemes and margin trade financing facility. It is one of the leading broker and distributors in India. It offers broking services through its proprietary state-of-the-art Website, Mobile Application, Terminal and API based trading platforms. The Company has over 0.3 million of active client base and Rs. 1.5 trillion of client assets spread across a wide number of active broking accounts as of March 31, 2022.
u29bf Products Offered
1. Securities Broking Services$$2. Distribution of Financial Products$$3. Margin trade financing facility
Adequate Capitalization, 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 Rs. 4,008 crore (of which Rs. 40 crore is expected in the last quarter of fiscal 2022), over the past 36 months across the lending, wealth management and asset management businesses. This has helped maintain the capital position, despite elevated credit cost, and absorb asset-side risk. With the scale-down of the lending business in the past few quarters, borrowings have also come down. With this, gearing has improved to 2.8 times as on December 31, 2021 (~3 times as on March 31, 2021) from ~4 times as on March 31, 2020.
Diversified financial services player, with demonstrated ability to build significant competitive positions across businesses
The Edelweiss group is a diversified financial services player, present in five verticals i.e., credit (wholesale and retail), insurance (life and general), asset management (AMC and alternate asset management), asset reconstruction and wealth management. The group has attained sizable scale in many of these businesses over a period, which is likely to lend greater stability to earnings over time.
Strong parentage
Edelweiss Group is promoted by Mr. Rashesh Shah and Mr. Venkat Ramaswamy, who are seasoned professionals in the financial services industry with over two decades of experience. The promoters are supported by experienced professionals who are into financing, wealth, and asset management businesses.
Moderation in profitability indicators
Asset quality remains vulnerable Overall stage III assets ratio rose to 4.9% (Rs. 657 crore) as on December 31, 2021, from 4.5% (Rs. 617 crore) as on September 30, 2021; yet remained below 7.7% reported as on March 31, 2021 (Rs. 1,182 crore). This is largely attributed to the clarification on recognition and calculation) released by the RBI on November 12, 2021, as the group has also aligned the stage III assets with gross NPAs; without considering the impact; on a like-to-like basis, the stage III assets have reduced.
Lower profitability than peers
Profitability has been lower than those of other large, financial sector groups. It was significantly impacted in fiscals 2021 and 2020, on account of higher credit cost. Around 20% of the capital (equity plus borrowings) is employed in businesses or investments that are either low-yielding or loss-making at this point. The group has a large investment portfolio under its balance sheet management unit (BMU), which is used for managing liquidity. This largely comprises government securities, fixed deposits, liquid mutual fund units and corporate bonds, which have a low return on capital employed. Furthermore, the life and general insurance businesses remain loss-making, given their long gestation periods. Breakeven in the insurance businesses, will benefit overall profitability over the medium term.
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