Opening Date
8 Apr 2025
Closing Date
24 Apr 2025
Yield
Upto 11%
Tenure
Upto 120 Months
Ongoing IPO
Opening Date
8 Apr 2025
Closing Date
24 Apr 2025
Time to close
Yield
Upto 11%
Tenure
Upto 120 Months
| Issue Size (Including Green Shoe Option) | 200 | ||
| Face Value | 1000 | ||
| Coupon | Upto 11% | ||
| Minimum Number of Bonds | 10 | ||
| Lot Size (Multiplier) | 1 | ||
| Allotment Date (Tentative) | 28 Apr 2025 | ||
| Listing Date (Tentative) | 29 Apr 2025 | ||
| 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 | XI | XII |
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 | 60 Months | 120 Months | 120 Months | 120 Months |
Frequency of Interest payment | YEARLY | CUMULATIVE | MONTHLY | YEARLY | CUMULATIVE | MONTHLY | YEARLY | CUMULATIVE | YEARLY | MONTHLY | YEARLY | YEARLY |
Best Coupon Rate (% p.a.) for: | ||||||||||||
Category 1 | 9.50 % | -N.A.- | 9.57 % | 10.00 % | -N.A.- | 10.04 % | 10.50 % | -N.A.- | 10.50 % | 10.49 % | 11.00 % | 11 % |
Category 2 | 9.50 % | -N.A.- | 9.57 % | 10.00 % | -N.A.- | 10.04 % | 10.50 % | -N.A.- | 10.50 % | 10.49 % | 11.00 % | 11 % |
Category 3 | 9.50 % | -N.A.- | 9.57 % | 10.00 % | -N.A.- | 10.04 % | 10.50 % | -N.A.- | 10.50 % | 10.49 % | 11.00 % | 11 % |
Category 4 | 9.50 % | -N.A.- | 9.57 % | 10.00 % | -N.A.- | 10.04 % | 10.50 % | -N.A.- | 10.50 % | 10.49 % | 11.00 % | 11 % |
Effective Yield (% p.a.) for: | ||||||||||||
Category 1 | 9.50 % | 9.50 % | 10.00 % | 9.99 % | 10.00 % | 10.51 % | 10.49 % | 10.50 % | 10.49 % | 11.00 % | 10.99 % | 10.99 % |
Category 2 | 9.50 % | 9.50 % | 10.00 % | 9.99 % | 10.00 % | 10.51 % | 10.49 % | 10.50 % | 10.49 % | 11.00 % | 10.99 % | 10.99 % |
Category 3 | 9.50 % | 9.50 % | 10.00 % | 9.99 % | 10.00 % | 10.51 % | 10.49 % | 10.50 % | 10.49 % | 11.00 % | 10.99 % | 10.99 % |
Category 4 | 9.50 % | 9.50 % | 10.00 % | 9.99 % | 10.00 % | 10.51 % | 10.49 % | 10.50 % | 10.49 % | 11.00 % | 10.99 % | 10.99 % |
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•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.
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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.
Reach out to on info@bondsindia.com for more questions. Thank you for tuning in with BondsIndia.
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.
EFSL also act as an Investor Manager of Edelweiss Multi Strategy Investment Trust the Fund, a Category III Alternative Investment Fund registered with SEBI. After commencing the business as an investment banking firm, the Company, through its subsidiaries has diversified its businesses to include credit including retail and corporate credit, asset management including mutual fund and alternatives asset management businesses, asset reconstruction, insurance both life and general insurance businesses.
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 macroeconomic environment. The group has raised Rs 6,000 crore since 2016 across lending, wealth management and asset management businesses. This has helped the group to maintain its capital position despite elevated credit costs and absorb asset-side risks.
Demonstrated ability to build significant competitive position across businesses
The Edelweiss group is a diversified financial services player with presence in four verticals: credit (wholesale and retail), insurance (life and general), asset management, and asset reconstruction. The asset management business comprises mutual funds and alternate asset businesses. The group is a leading player in the alternate asset segment and its mutual fund AUM has been growing steadily. The asset management AUM grew to Rs 1,97,750 crore as on September 30, 2024, from Rs 1,81,700 crore as on March 31, 2024.
Subdued profitability for current size and scale considering presence in multiple businesses
The groups profitability is lower than other large, financial sector groups. However, most of the businesses have been reporting profit since the last quarter of fiscal 2021. The group reported a profit after tax (PAT) of Rs 528 crore in fiscal 2024 (excluding any one-off items) against PAT of Rs 406 crore in fiscal 2023. However, profitability in 2023 was supported by a one-off item of revaluation gains (and also accelerated provisions made basis the one-off gain), excluding which the profit would have been Rs 248 crore in fiscal 2023.
Asset quality monitorable with elevated level of monitorable portfolio
The groups overall gross loan book (excluding monitorable portfolio net of on-book gross stage III assets) stood at Rs 5,401 crore as on September 30, 2024, compared with Rs 5,537 crore as on March 31, 2024, and Rs 7,548 crore as on March 31, 2023. Of this, retail on book stood at Rs 4,153 crore (Rs 4,261 crore and Rs 3,795 crore) and the remaining was wholesale book. The group has been consciously running down the wholesale portfolio through various modes. While recoveries have contributed to this, the reduction has been primarily due to sell-down to ARCs (both internal and external) and alternative investment funds (AIFs). Given the Reserve Bank of India restrictions, this process is likely to be slower than earlier.
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