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IPO

BondsIndia

AA-

Opening Date

3 Oct 2022

Closing Date

17 Oct 2022

Yield

Upto 10.09%

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
03 Oct 2022

BondsIndia

AA-

Closing Date
17 Oct 2022

bondsindia

Time to close

Yield
Upto 10.09%

Tenure
Upto 120 Months

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IPO Details

IPO Details

Issue Size (Including Green Shoe Option) 600.00 crores
Face Value ₹1000
Coupon Upto 10.10%
Minimum Number of Bonds 10
Lot Size (Multiplier) 1
Allotment Date (Tentative) 21 Oct 2022
Listing Date (Tentative) 25 Oct 2022
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
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)
Tenure (In Months)
24
24
36
36
36
60
60
60
120
120
Coupon (%per annum) for NCD Holders in Category I, II, III, & IV
8.85%
NA
8.90%
9.25%
NA
9.35%
9.75%
NA
9.65%
10.10%
Effective Yield (per annum) For NCD holders in Category I, II, III, & IV
8.84%
8.85%
9.27%
9.24%
9.25%
9.75%
9.74%
9.75%
10.08%
10.09%
Mode of Interest Payment
Through various mode availabe
Amount (NCD)on Maturity for NCD Holders in Category I, II, III, & IV
1,000
1,185.10
1,000
1,000
1,304.30
1,000
1,000
1,592.75
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

42,123.22 Crs

GNPA

7.12%

NPA

1.62%

  • Edelweiss Housing Finance Limited
    Edelweiss Financial Services Limited (“EFSL”), was incorporated on November 21, 1995 under the name Edelweiss Capital Limited and started operations as an investment banking firm after receipt of a Category II license from SEBI. Edelweiss Capital Limited subsequently received a Category I Merchant Banker license from SEBI with effect from October 16, 2000. The name of Edelweiss Capital Limited was changed to ‘Edelweiss Financial Services Limited’ with effect from August 1, 2011.
  • Products
    1. OFS
    2. MUTUAL FUNDS .
    3. NCD.
  • Adequate capitalisation, supported by multiple capital raises Despite the challenging macroeconomic environment, the Edelweiss group has proven its capacity to raise cash from international investors across businesses. Over the last 36 months, the group has raised Rs 4,008 crore across the loan, wealth management, and asset management businesses (of which Rs 40 crore is anticipated in the final quarter of the fiscal 2022). Due to the ability to absorb asset-side risk, the capital position has been preserved despite increased credit costs.

    Borrowings have decreased in last few quarters. As a result, gearing has increased from 4 times on March 31, 2020 to 2.8 times as of December 31, 2021.
  • 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, insurance, asset management, asset reconstruction and wealth management. The group has attained sizeable scale in many of these businesses over a period, which is likely to lend greater stability to earnings over time.

    In the lending business of book size of Rs 13,424 crore as on December 31, 2021 (Rs 13,719 crore as on September 30, 2021), excluding capital deployed in distressed assets credit, the group plans to focus on increasing the granularity of the loan book. Growth in the wholesale credit book is expected to be predominantly through the fund structure.
  • 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.

    Stage III assets in the retail book increased to Rs 303 crore as on December 31, 2021 (4.30%) from Rs 243 crore (3.4%) as on September 30, 2021; however, remains below March 2021 levels of Rs 316 crore (Rs 3.9% as on March 31, 2021 and 1.2% a year earlier).
  • 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.

    The group reported net profit of Rs 254 crore in fiscal 2021, supported by one-off income as compared to loss of Rs 2,044 crore in fiscal 2020. Consequently, return on assets (annualised) and return on equity (annualised) improved to 0.5% and 3.0%, respectively, in fiscal 2021 (negative 3.4% and negative 23.7%, respectively, in fiscal 2020). The group reported net profit in the three consecutive quarters of fiscal 2022, with net profit (excluding minority shareholder’s share in profit) of Rs 146 crore for the first nine months of fiscal 2022 (loss of Rs 363 crore during the corresponding period of the previous fiscal). Furthermore, with continued provisioning, the provision coverage ratio has improved to 52% for the nine months ended December 31, 2021, from 47% as on March 31, 2021.
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* Investments in debt securities are subject to risks. Read all the offer related documents carefully.
N/A stands for Not Applicable

SEBI Registration No. : INZ000296636 | BSE Member ID: 6746 | NSE Member ID: 90329

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