[.]| Listing at BSE | Tue, Jul 5, 2022 - Tue, Jul 12, 2022
Edelweiss Broking Ltd. NCD issue is a public issue of secured, redeemable, non-convertible debenture , issued under a Shelf Prospectus of ₹150.00 Cr with a base issue size of ₹150.00 Cr and an option to retain oversubscription up to ₹[.] Cr, aggregating to a tranch issue size of ₹[.] Cr. The NCDs are offered at a face value ₹1000 each and an issue price of ₹1000 per NCD.
Edelweiss Broking Ltd. NCD issue opens on Jul 5, 2022 and closes on Jul 12, 2022. NCD are proposed to be listed on BSE.
The minimum lot size is 10 NCDs, requiring a minimum investment of ₹ 10,000 , while the market lot for trading is 1 NCD.
The issue offers interest rates ranging from per annum to per annum, depending on the series and tenure selected.
The NCD has been rated: .
Equirus Capital Pvt.Ltd. is the Lead Manager to the issue, is the Debenture Trustee, and Kfin Technologies Ltd. is the Registrar to the Issue.
Investors are advised to refer to the NCD Offer Document for detailed information on risk factors, financials, and the terms of the issue.
Open Date
Tue, Jul 5, 2022
Close Date
Tue, Jul 12, 2022
Issue Size (Overall)
[.]
Coupon Rates
| Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 | Series 7 | Series 8 | Series 9 | Series 10 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Frequency of Interest Payment | Annual | Cumulative | Monthly | Annual | Cumulative | Monthly | Annual | Cumulative | Monthly | Annual |
| Nature | Secured | |||||||||
| Tenor(months) | 24 | 24 | 36 | 36 | 36 | 60 | 60 | 60 | 120 | 120 |
| Coupon Rate (Retail) | 8.75% | NA | 8.80% | 9.15% | NA | 9.16% | 9.55% | NA | 9.53% | 9.95% |
| Effective Yield (% per Annum) | 8.74% | 8.75% | 9.15% | 9.14% | 9.15% | 9.55% | 9.54% | 9.55% | 9.95% | 9.94% |
| Amount on Maturity | 1,000 | 1,182.95 | 1,000 | 1,000 | 1,300.70 | 1,000 | 1,000 | 1,578.25 | 1,000 | 1,000 |
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth |
|---|---|---|---|---|
| 31-Mar-20 | 1313.03 | 433.63 | -30.18 | 163.53 |
| 31-Mar-21 | 1762.1 | 398.51 | 2.81 | 337.15 |
| 31-Mar-22 | 3266.26 | 730.15 | 94.65 | 533.88 |
| Amount in ₹ Crore | ||||
Edelweiss Securities Limited and PAGAC Ecstasy Pte. Limited are the company promoters.
| Category | Allocated (%) | Shares Reserved |
|---|---|---|
| Institutional | 10.00% | 1,50,000 |
| Non-Institutional | 10.00% | 1,50,000 |
| HNI | 40.00% | 6,00,000 |
| Retail | 40.00% | 6,00,000 |
| Total | 100.00% | 15,00,000 |
Edelweiss Broking Limited is one of the leading broker and distributor in India. The company offers a wide range of financial services including broking services, distribution of financial products, short-term funding for employee stock option schemes and margin trade financing facility. The company offers broking services through proprietary state-of-the-art Websites, Mobile applications, terminals and API-based trading platforms. Edelweiss Broking Limited is registered as a stockbroker under the SEBI (Stock Brokers) Regulations, 1992.
Edelweiss Broking Limited has over 0.3 million active client base and Rs. 1.5 trillion of client assets spread across a wide number of active broking accounts as of March 31, 2022. The company's customer outreach spans over 14,000 pin codes in India as of March 31, 2022.
The company proposes to utilise the funds which are being raised through the Issue:
[Dilip Davda] EBL is offering lucrative coupon rates with AA ratings from CRISIL and ACUITE. It has also posted improvements in its financial performance for FY22. Investors looking for a regular long-term income may consider investing in this debt offering. Read detail review...
The Edelweiss Broking NCD July 2022 was subscribed 2.26 times on Jul 11, 2022 06:29. The NCD subscribed 3.34 times in Retail, 1.77 times in HNI, 2.19 times in Non-Institutional, and 0.00 times in Institutional category.
Edelweiss Broking Ltd.
2nd Floor, Office No. 201 -203,
Zodiac Plaza, Xavier College Road,
Off C G Road, Ahmedabad - 380 009
Ahmedabad, Gujarat, 380009
NSE and BSE offer NSEgoBid and BSEDirect apps/websites through which retail investors can apply for NCDs up to Rs 5 lakhs. Not all brokers and banks provide the facility to apply for NCD online.
To apply for an NCD online, the investor should fill in the NCD bid details online and provide the details of the DP and bank accounts (ASBA/UPI) as requested. In the case of a UPI application, the investor needs to approve the UPI mandate to complete the application process.
Steps to invest in NCD IPO through GoldenPi
Retail investors can apply for an IPO online if the investment amount is less than or up to 10 lakhs.
Steps to apply for NCD IPO with Indiabonds:
You can buy or invest in NCD IPOs through the following intermediaries:
The investor can apply for the NCD IPO online through NCD intermediaries such as a registered stockbroker, provided the broker offers an online application for the NCD IPO. Not many brokers allow you to invest in an NCD IPO online. Currently, very few brokers, such as Nuvama Wealth, Angel One, and SBI Securities, offer the facility to apply for NCD IPOs electronically. You should check with your broker or intermediary to see if the online application facility for the NCD IPO is available through them.
Refer to the detailed guidelines on NSEgoBID and BSEDirect for information on the registration process and how to apply for NCDs through the exchange.
Important links :
Read more about NCD Application Process.
The minimum amount required for NCD investment is Rs. 10,000.
Generally, the minimum lot size of NCD is 10, and the face value is 1,000.
NCD allotment can be checked on the BSE website or with the Registrar once the allotment has been made.
Steps to check the NCD allotment status at the BSE:
Alternatively, the applicant can also check the allotment status on the respective website of the Registrar for the issue. The applicant will need their PAN details or the applicant's Aadhaar number to check the status.
Generally, all applicants receive full allotment due to the retention of the oversubscription option.
Read more information on NCD Subscription and NCD Allotment Process.
No, you cannot withdraw or redeem Edelweiss Broking Ltd. NCDs before maturity directly from the company. However, there are a couple of options available if you want to exit early:
If the NCDs are listed on stock exchanges (like BSE/NSE), you can:
Only possible if a "call option" exists.
Read more about NCD Subscription and Allotment Process
Bid Cancellation and Withdrawal Policy for NCD Applicants
Note:
The specific process and conditions for post-closure cancellation vary by issuer. Applicants should refer to the Offer Document for issuer-specific guidelines.
