Opening Date
7 Oct 2024
Closing Date
18 Oct 2024
Yield
Upto 11%
Tenure
Upto 120 Months
Ongoing IPO
Opening Date
7 Oct 2024
Closing Date
18 Oct 2024
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) | 22 Oct 2024 | ||
| Listing Date (Tentative) | 25 Oct 2024 | ||
| 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 % | 11.00 % |
Category 2 | 9.50 % | -N.A.- | 9.57 % | 10.00 % | -N.A.- | 10.04 % | 10.50 % | -N.A.- | 10.50 % | 10.49 % | 11.00 % | 11.00 % |
Category 3 | 9.50 % | -N.A.- | 9.57 % | 10.00 % | -N.A.- | 10.04 % | 10.50 % | -N.A.- | 10.50 % | 10.49 % | 11.00 % | 11.00 % |
Category 4 | 9.50 % | -N.A.- | 9.57 % | 10.00 % | -N.A.- | 10.04 % | 10.50 % | -N.A.- | 10.50 % | 10.49 % | 11.00 % | 11.00 % |
Effective Yield (% p.a.) for: | ||||||||||||
Category 1 | 9.50 % | 9.50 % | 10.00 % | 10.00 % | 10.00 % | 10.51 % | 10.49 % | 10.50 % | 10.50 % | 11.00 % | 10.99 % | 10.99 % |
Category 2 | 9.50 % | 9.50 % | 10.00 % | 10.00 % | 10.00 % | 10.51 % | 10.49 % | 10.50 % | 10.50 % | 11.00 % | 10.99 % | 10.99 % |
Category 3 | 9.50 % | 9.50 % | 10.00 % | 10.00 % | 10.00 % | 10.51 % | 10.49 % | 10.50 % | 10.50 % | 11.00 % | 10.99 % | 10.99 % |
Category 4 | 9.50 % | 9.50 % | 10.00 % | 10.00 % | 10.00 % | 10.51 % | 10.49 % | 10.50 % | 10.50 % | 11.00 % | 10.99 % | 10.99 % |
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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.
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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 Limitedu2019 with effect from August 1, 2011. 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 capitalisation, 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 groupu00a0has raised Rs 4,400 crore since 2016 across lending, wealth management and asset management businesses. This hasu00a0helped maintain its capital position, despite elevated credit costs and absorb asset-side risks. At the group level,u00a0networth stood at Rs 6052 crore as on June 30, 2024 as against Rs 6309 crore as on March 31, 2024 Rs 8581 crore as on March 31, 2023.
Demonstrated ability to build significant competitive position across businesses
The Edelweiss group is a diversified financial services player, with presenceu00a0in four verticals i.e.u00a0credit wholesale and retail, insurance life and general, asset management, and asset reconstruction.u00a0Theu00a0group has attained leading positions in the alternate asset and asset reconstruction businesses and is focusing on building market position in otheru00a0businesses too, which should lend greater stability to earnings over a period of time.u00a0
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 PAT of Rs 528 crore in fiscal 2024 excluding any one off items as 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 profit would have been Rs 248 crore in fiscal 2023.
Asset quality monitorable with elevated level of monitorable portfolio
The groupu2019s overall gross loan book excluding monitorable portfolio net of on book gross stage III assets stood at Rs 5,447 crore as on June 30, 2024, against Rs 5,537 crore as on March 31, 2024, and Rs 7548 crore as on March 31, 2023. Of this, retail on book stood at Rs 4,321 crore Rs 4,261 crore and Rs 3,795 crore and the remaining was wholesale book.
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