Opening Date
6 Apr 2023
Closing Date
21 Apr 2023
Yield
Upto 10.46%
Tenure
Upto 120 Months
Ongoing IPO
Opening Date
6 Apr 2023
Closing Date
21 Apr 2023
Time to close
Yield
Upto 10.46%
Tenure
Upto 120 Months
| Issue Size (Including Green Shoe Option) | 400 | ||
| Face Value | 1000 | ||
| Coupon | Upto 10.45% | ||
| Minimum Number of Bonds | 10 | ||
| Lot Size (Multiplier) | 1 | ||
| Allotment Date (Tentative) | 28 Apr 2023 | ||
| Listing Date (Tentative) | 2 May 2023 | ||
| 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 | 8.95 % | -N.A.- | 9.20 % | 9.60 % | -N.A.- | 9.67 % | 10.10 % | -N.A.- | 10.00 % | 10.45 % |
Category 2 | 8.95 % | -N.A.- | 9.20 % | 9.60 % | -N.A.- | 9.67 % | 10.10 % | -N.A.- | 10.00 % | 10.45 % |
Category 3 | 8.95 % | -N.A.- | 9.20 % | 9.60 % | -N.A.- | 9.67 % | 10.10 % | -N.A.- | 10.00 % | 10.45 % |
Category 4 | 8.95 % | -N.A.- | 9.20 % | 9.60 % | -N.A.- | 9.67 % | 10.10 % | -N.A.- | 10.00 % | 10.45 % |
Effective Yield (% p.a.) for: | ||||||||||
Category 1 | 8.94 % | 8.95 % | 9.59 % | 9.59 % | 9.60 % | 10.10 % | 10.09 % | 10.10 % | 10.46 % | 10.44 % |
Category 2 | 8.94 % | 8.95 % | 9.59 % | 9.59 % | 9.60 % | 10.10 % | 10.09 % | 10.10 % | 10.46 % | 10.44 % |
Category 3 | 8.94 % | 8.95 % | 9.59 % | 9.59 % | 9.60 % | 10.10 % | 10.09 % | 10.10 % | 10.46 % | 10.44 % |
Category 4 | 8.94 % | 8.95 % | 9.59 % | 9.59 % | 9.60 % | 10.10 % | 10.09 % | 10.10 % | 10.46 % | 10.44 % |
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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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Place your bid in three simple steps:
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Application process on BondsIndia platform is simple and seamless.
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Rs. 42521 Crores
10%
2.4%
The Edelweiss group comprised 30 subsidiaries and associates as on March 31, 2022. The number of companies has come down from 74 as on March 31, 2016, because of multiple factors such as sale, windup and merger among others. The group had 293 offices (including 10 international offices in 6 locations) in around 136 cities as on March 31, 2022. Furthermore, as part of streamlining its operating structure, the group has restructured the businesses into four verticals namely credit, insurance, asset management and asset reconstruction.
The group is present across various financial services businesses, including loans to corporates and individuals, mortgage finance - loans against property and small-ticket housing loans, MSME finance, alternative and domestic asset management, and life and general insurance. In addition, the Balance sheet Management Unit (BMU) focuses on liquidity and asset-liability management.
On a consolidated basis, the group reported PAT of Rs 212 crore on a total income of Rs 4320 crore for fiscal 2022, as against Rs 254 crore on total income of Rs 7015 crore for fiscal 2021.
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 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 cost and absorb the asset-side risks. The group 2019s networth stood at Rs 8,499 crore as on September 30, 2022 (Rs 8,537 crore as on March 31, 2022).
Diversified financial services player, with demonstrated ability to build significant competitive position
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 competitive positions in the alternate asset business and asset reconstruction and is focusing on building market position in other businesses too, which should lend greater stability to earnings over a period of time.
The asset management business comprises mutual fund and alternate asset businesses. The group is a leading player in the alternate asset segment and its mutual fund assets under management (AUM) has been growing steadily. The asset management AUM has grown more than 3 times to Rs 1,32,000 crore as on September 30, 2022, as against Rs 37,100 crore$as on March 31, 2019. Mutual fund AUM stood at Rs 92,000 crore and alternate asset AUM at Rs 40,000 crore as on September 30, 2022.
Asset quality remains vulnerable
The overall gross stage III assets in the lending business stood at Rs 944 crore (10%) as on September 30,2022 as against Rs 930 crore (7.4%) as on March 31, 2022, and Rs 1,182 crore (7.7%) as on March 31, 2021. Of the gross stage III assets, Rs 709 crore as on June 30, 2022, 748 crore and Rs 866 crore, respectively, are from wholesale credit book. The investments in securities receipts outstanding as on September 30, 2022 was Rs 5,621 crore (Rs 5,446 crore as March 31, 2022).
The retail book asset quality saw an uptick as on March 31, 2021, with gross stage III assets increasing to Rs 316 crore (Rs 134 crore a year earlier), however, supported by recoveries and write offs, the retail stage III assets reduced to Rs 186 crore and Rs 165 crore as on March 31, 2022 and June 30,2022 respectively.
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