Edelweiss Broking Limited IPO is available for purchase. Rush to apply. Edelweiss NCD IPO aims at providing you with the opportunity to make safe investments without hassle. You can get the chance to earn a good return on your investment. The IPO can help you earn up to 9.95% if you choose the maximum tenor.
About the Edelweiss Broking Limited IPO
Edelweiss Broking Limited NCD IPO will open on July 5, 2022. The issue price/face value for each is Rs. 1000. You need to apply for a minimum of 10 NCDs i.e., 10×1000 = Rs. 10,000 and a multiple of 1 NCD. It is a secured Redeemable Non-Convertible Debentures proposed to be listed on BSE.
Edelweiss Broking Limited issue will close on July 26, 2022,*. Do not miss the opportunity if you are looking for an investment offering a higher yield.
Edelweiss Broking Limited NCD July 2022 – Overview
| Issue Open | Jul 5, 2022 – Jul 26, 2022 |
| Security Name | Edelweiss Broking Limited |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Issue Price | Rs. 1000 per NCD |
| Face Value | Rs. 1000 each NCD |
| Issue Size (Base) | Rs. 150.00 Crores |
| Issue Size (Shelf) | Rs. 150.00 Crores |
| Listing at | BSE |
| Credit Rating | CRISIL AA-/Negative |
| Minimum lot size | 10 NCD |
| Market lot | 1 NCD |
| Tenor | 24, 36, 60 & 120 months |
| Payment Frequency | Monthly, Annual and Cumulative |
| Basis of Allotment | First Come First Serve Basis |
Know About the Issuer
Edelweiss Broking Limited (EBL) is known to provide a wide array of financial services including broking services, short-term funding for employee stock option schemes, distribution of financial products, and margin trade financing facility. EBL is a technology-driven securities company based in India. It is a popular company recognized as a leading broker and distributor in India.
Edelweiss Broking Limited (EBL) renders the demanding broking services through its dedicated website, easy-to-use Mobile Application, Terminal, and API-based trading platforms. The Company today has more than 0.3 million active client base and ₹ 1.5 trillion of client assets spread across a broad number of active broking accounts as of March 31, 2022.
Key Product
- Broking services
- Distribution of financial products
- Short-term funding for employee stock option schemes
- Margin trade financing facility
The Objective of the Issue
The company here proposes to use the raised funds for the below purposes:
- Working Capital
- General Corporate purposes
Credit Ratings
The Edelweiss Broking Limited NCD IPO proposed to be issued on 5th July 2022 has got the rating. Under the Issue, it has been rated” CRISIL AA- /Negative (pronounced as CRISIL double A minus rating with a negative outlook). It is for an amount of ₹ 300 Crores by CRISIL Ratings Limited.
SPECIFIC TERMS FOR A SERIES OF NCDS
| Series | I | II | III | IV | V | VI | VII | VIII | IX | X |
| Frequency of Interest payment | Annual | Cumulative | Monthly | Annual | Cumulative | Monthly | Annual | Cumulative | Monthly | Annual |
| Minimum Application | Rs 10,000 (10 NCDs) across all Series | |||||||||
| Face Value/ Issue Price of NCD (Rs/NCD) | Rs 1,000 | |||||||||
| In multiples of thereafter | Rs 1,000 (1 NCD) | |||||||||
| Tenure (In Months) | 24 | 24 | 36 | 36 | 36 | 60 | 60 | 60 | 120 | 120 |
| Coupon (%per annum) for NCD Holders in Category 1, 2, 3, & 4 | 8.75% | NA | 8.80% | 9.15% | NA | 9.16% | 9.55% | NA | 9.53% | 9.95% |
| Effective Yield (per annum) For NCD holders in Category 1, 2, 3, & 4 | 8.74% | 8.75% | 9.15% | 9.14% | 9.15% | 9.55% | 9.54% | 9.55% | 9.95% | 9.94% |
| Mode of Interest Payment | Through various modes available | |||||||||
| Amount (NCD)on Maturity for NCD Holders in Category 1,2,3,4 | 1,000 | 1,182.95 | 1,000 | 1,000 | 1,300.70 | 1,000 | 1,000 | 1,578.25 | 1,000 | 1,000 |
| Maturity / Redemption Date (years from the Deemed date of Allotment) | 24 Months | 24 Months | 36 Months | 36 Months | 36 Months | 60 Months | 60 Months | 60 Months | 120 Months | 120 Months |
| Put and Call Option | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA |
The additional incentive will be a maximum of 0.20% p.a. for all Category of Investors in the proposed Issue, who are also holders of NCD(s)/Bond(s) previously issued by our Company, and/ or ECL Finance Limited, Edelweiss Broking Limited, Edelweiss Retail Finance Limited, Edelweiss Housing Finance Limited and Edelweiss Finance & Investments Limited as the case may be, and/or are equity shareholder(s) of Edelweiss Broking Limited as the case may be, on the deemed date of allotment.
Note: The Issue is expected to close on Tuesday, Jul 26, 2022.
Company Financials
Consolidated Financial Information – Summary
| Particulars | For the period/year ended (INR in Millions) | ||
|---|---|---|---|
| Mar 31, 2020 | Mar 31, 2021 | Mar 31, 2022 | |
| Total Assets | 13,130.27 | 17,620.99 | 32,662.58 |
| Total Revenue | 4,336.33 | 3,985.09 | 7,301.48 |
| After-Tax profit | -301.76 | 28.13 | 946.49 |
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Place your bid in three simple steps
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How to buy Edelweiss Broking Limited NCD IPO July 2022?
The application process for Edelweiss Broking Limited NCD IPO July 2022 at BondsIndia is simple and hassle-free. You can follow the shared instructions or seek assistance to transact securely.
- Visit bondsindia.com
- Go through the Edelweiss Broking Limited NCD IPO July 2022 details on the website.
- Click on Apply Now on the Edelweiss Broking Limited NCD IPO Page.
- Fill in the basic details that include your full name, e-mail address, mobile number, PAN number, bank, and Demat details.
- Choose the convenient payment mode, the quantity of IPO, and the price.
- This will complete your folk’s bidding.