Opening Date
18 Sep 2024
Closing Date
1 Oct 2024
Yield
Upto 11%
Tenure
Upto 120 Months
Ongoing IPO
Opening Date
18 Sep 2024
Closing Date
1 Oct 2024
Time to close
Yield
Upto 11%
Tenure
Upto 120 Months
| Issue Size (Including Green Shoe Option) | 100 | ||
| Face Value | 1000 | ||
| Coupon | Upto 11% | ||
| Minimum Number of Bonds | 10 | ||
| Lot Size (Multiplier) | 1 | ||
| Allotment Date (Tentative) | 7 Oct 2024 | ||
| Listing Date (Tentative) | 9 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 |
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 | 9.50 % | -N.A.- | 9.58 % | 10 % | -N.A.- | 10.03 % | 10.50 % | -N.A.- | 10.49 % | 11 % |
Category 2 | 9.50 % | -N.A.- | 9.58 % | 10 % | -N.A.- | 10.03 % | 10.50 % | -N.A.- | 10.49 % | 11 % |
Category 3 | 9.50 % | -N.A.- | 9.58 % | 10 % | -N.A.- | 10.03 % | 10.50 % | -N.A.- | 10.49 % | 11 % |
Category 4 | 9.50 % | -N.A.- | 9.58 % | 10 % | -N.A.- | 10.03 % | 10.50 % | -N.A.- | 10.49 % | 11 % |
Effective Yield (% p.a.) for: | ||||||||||
Category 1 | 9.50 % | 9.50 % | 10.01 % | 10 % | 10 % | 10.50 % | 10.49 % | 10.50 % | 11 % | 10.99 % |
Category 2 | 9.50 % | 9.50 % | 10.01 % | 10 % | 10 % | 10.50 % | 10.49 % | 10.50 % | 11 % | 10.99 % |
Category 3 | 9.50 % | 9.50 % | 10.01 % | 10 % | 10 % | 10.50 % | 10.49 % | 10.50 % | 11 % | 10.99 % |
Category 4 | 9.50 % | 9.50 % | 10.01 % | 10 % | 10 % | 10.50 % | 10.49 % | 10.50 % | 11 % | 10.99 % |
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•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.
Nido Home Finance Limited (formerly known as Edelweiss Housing Finance Limited), a part of the Edelweiss Group, is a Housing Finance Company that has been providing access to credit to customers for various kinds of loans since 2010. Nido Home Finance Limited is one of the leading housing finance companies that provides attractive Home Loans & Loan against Property LAP to customers from all income segments. Nido Home Finance Limited aims to be a catalyst in fulfilling the dreams of owning a home and in wealth creation for its customers belonging to self employed and salaried segments.
Adequate capitalization, 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. This has helped maintain the capital position, despite elevated credit costs and absorb the 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 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 Groups 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 groups overall gross loan book excluding monitorable portfolio net off on-book gross stage Ill assets stood at Rs 5537 crore as on March 31, 2024, 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 4,261 crore Rs 3,795 crore and Rs 6,749 crore and remaining was wholesale book.
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