Opening Date
13 Jun 2024
Closing Date
27 Jun 2024
Yield
Upto 10.75%
Tenure
Upto 120 months
Ongoing IPO
Opening Date
13 Jun 2024
Closing Date
27 Jun 2024
Time to close
Yield
Upto 10.75%
Tenure
Upto 120 months
| Issue Size (Including Green Shoe Option) | 100 | ||
| Face Value | 1000 | ||
| Coupon | Upto 10.75% | ||
| Minimum Number of Bonds | 10 | ||
| Lot Size (Multiplier) | 1 | ||
| Allotment Date (Tentative) | 1 Jul 2024 | ||
| Listing Date (Tentative) | 3 Jul 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 |
Nature Of NCDs | Secured Reedemable Non Convertible Debenture | |||||||||
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 | 9.50 % | -N.A.- | 9.58 % | 10 % | -N.A.- | 10.03 % | 10.50 % | -N.A.- | 10.26 % | 10.75 % |
Category 2 | 9.50 % | -N.A.- | 9.58 % | 10 % | -N.A.- | 10.03 % | 10.50 % | -N.A.- | 10.26 % | 10.75 % |
Category 3 | 9.50 % | -N.A.- | 9.58 % | 10 % | -N.A.- | 10.03 % | 10.50 % | -N.A.- | 10.26 % | 10.75 % |
Category 4 | 9.50 % | -N.A.- | 9.58 % | 10 % | -N.A.- | 10.03 % | 10.50 % | -N.A.- | 10.26 % | 10.75 % |
Effective Yield (% p.a.) for: | ||||||||||
Category 1 | 9.50 % | 9.50 % | 10.01 % | 10 % | 10 % | 10.50 % | 10.49 % | 10.50 % | 10.75 % | 10.74 % |
Category 2 | 9.50 % | 9.50 % | 10.01 % | 10 % | 10 % | 10.50 % | 10.49 % | 10.50 % | 10.75 % | 10.74 % |
Category 3 | 9.50 % | 9.50 % | 10.01 % | 10 % | 10 % | 10.50 % | 10.49 % | 10.50 % | 10.75 % | 10.74 % |
Category 4 | 9.50 % | 9.50 % | 10.01 % | 10 % | 10 % | 10.50 % | 10.49 % | 10.50 % | 10.75 % | 10.74 % |
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!
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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.
Place your bid in three simple steps:
Key in Basic Details
Choose the IPO Series
Place the bid
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.
Rs 41,130 crores
12.1%
1.8%
NHFL is a housing finance company registered with National Housing Bank NHB and was incorporated in May 30, 2008 following the groupu2019s strategy of creating a larger retail footprint. The company offers home loans and loans against property. As on September 30, 2023, the company had total assets of Rs 3741 crore.
NHFL reported a profit after tax PAT of Rs 16 crore on a total income net off interest exp of Rs 149 crore in fiscal 2023 as against PAT of Rs 14 crore on a total income of Rs186 crore in previous fiscal. The company reported PAT of Rs 7 crore on total income of Rs 73 crore in first half of fiscal 2024.
Adequate capitalisation, supported by multiple capital raises
Edelweiss group has demonstrated its ability to raise capital from global investors across businesses, despite the tough macroeconomic environment. The group has raised Rs 4,400 crore since 2016 across lending, wealth management and asset management businesses.
Demonstrated ability to build significant competitive position across businesses
The Edelweiss group is a diversified financial services player, with presence in four verticals i.e. credit wholesale and retail, insurance life and general, asset management, and asset reconstruction. The group has attained leading positions in the alternate asset and asset reconstruction businesses and is focusing on building market position in other businesses too, which should lend greater stability to earnings over a period of time
Subdued profitability for current size and scale considering presence in multiple businesses
Edelweiss Groupu2019s profitability has been lower compared to other large, financial sector groups. However, most of the businesses have been reporting profit since the last quarter of fiscal 2021.
Asset quality monitorable with elevated level of monitorable portfolio
The groupu2019s overall gross loan book excluding monitorable portfolio net off on-book gross stage III assets stood at Rs 6,250 crore as on September 30, 2023, against Rs 7,548 crore as on March 31, 2023, and Rs 10,502 crore as on March 31, 2022. Of this, retail on book stood at Rs 3,853 crore Rs 3,795 crore and Rs 6,749 crore and remaining was wholesale book
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