Home Investment GuideNCD IPOEdelweiss Edelweiss Financial Services Limited NCD IPO – April 2023, should you invest?
Edelweiss Financial Services Limited NCD IPO

Edelweiss Financial Services Limited NCD IPO – April 2023, should you invest?

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High Yield | AA-/Negative Rated | Minimum Investment: 10k Only

 

Bond overview 

Edelweiss Financial Services Limited is issuing the Non-Convertible Debentures. These NCDs are AA-/Negative rated by CRISIL and ACUITE. The NCDs are being issued in ten series: coupon ranges from 8.95% to 10.46% p.a. and different tenures of 24 months, 36 months, 60 months and 120 months . The NCDs are secured and redeemable in nature.

Bond overview of Edelweiss Financial Services

Coupon rates and effective yield for each of the series

Coupon rates and effective yield for each of the series

Allocation Ratio

The allocation ratio is prepared based on norms laid down by SEBI. Before announcing the allocation ratio, the same has to be approved by SEBI.  Once the IPO subscription closes, applications will be divided into different categories. The category-wise allocation ratio is always decided and declared during the launch of the particular IPO. Considering the Allocation Ratio, units will be assigned to applicants. Refer to the chart to know the application ratio for EFSL NCD-IPO. 

Allocation Ratio of Edelweiss Financial Services

Investment Process for EFSL NCD IPO

You can invest in IPOs via GoldenPi in 3 easy steps.

If the investment amount is less than & up to 10 lakhs, retail investors can apply for an IPO online.

Investment Process for EFSL NCD IPO

If the investment amount is more than 10 Lakhs.

Investment Process for EFSL NCD IPO

Issue analysis

Pros 

  • These NCDs are secured by the assets of the company providing an additional layer of protection to your investment. 
  • These are secured securities.
  • The issuer is offering high coupon rates, when compared with FD rates.

Cons

  • Macroeconomic conditions such as COVID have negatively impacted the company. However, these conditions are gradually improving. 
  • The company is expected to face pressure as asset quality and profitability deteriorate.

Financial Overview

Snapshot stating the Revenue, Expenses, EBIT, Net Worth and PAT (In crores)

Financial Overview of Edelweiss Financial Services

Cash flow for last 5 years (In crores)

Cash flow for last 5 years of Edelweiss Financial Services

Cash flow refers to the movement of cash in and out of the business at a specific point in time. It represents the net balance of the cash movement.

    • *Cash flow from operating activities reflects the amount a company generates through its product of services.
    • **Cash flow from investing activities reflects cash generated and spent relating to investing activities, like purchase of assets, sales of securities etc.
    • ***Cash flow from financing activities gives an insight into the financial stability of a company to its investors. It reflects the net flows of cash that are used to fund the company.

Ratio Analysis

Ratio Analysis of Edelweiss Financial Services

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About EFSL

First-generation business owners founded Edelweiss Financial Services Limited (EFSL), the parent company of the Edelweiss Group of enterprises, in 1995 to provide investment banking services, especially to technology companies. The business is headquartered in Mumbai, India. Rashesh Shah and Venkat Ramaswamy jointly founded it.

Key Highlights 

Business Verticals: 

  1. NBFC
  2. Housing Finance
  3. Asset Management
  4. Asset Reconstruction
  5. Insurance
  6. Wealth Management

Quick walk through on Financials details for 2023

  • Net Worth- Rs 8363 Cr
  • Current Ratio- 2.87
  • Customer Assets- Rs 359300 Cr
  • Liquidity- Rs 5250 Cr

Strengths

  • Balanced Capitalisation-Capital raised from global investors, and businesses.
  • A diversified player with a variety of financial services and a track record of developing strong competitive positions across industries

Weakness

  • Low Profitability.
  • Negative Cash flow

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Details Maximum yieldOverall Issue Size Credit RatingStart DateClosing DateFor more details
Edelweiss Financial Services Limited NCD IPO – January 202410.45%250 crCRISIL A+ Stable January 9, 2024January 22, 2024More Details
Edelweiss Financial Services Limited NCD IPO – October 202310.45%100 cr CRISIL AA- Negative October 6, 2023October 19, 2023More Details
Edelweiss NCD IPO July 202310.46%%300 crCRISIL & ACUiTE AA- (Negative)July 4, 2023July 17, 2023More Details
Edelweiss NCD IPO April 202310.46%%200 crCRISIL & ACUiTE AA- (Negative)April 6, 2023April 21, 2023More Details
Edelweiss NCD IPO January 202310.46%%400 crCRISIL & ACUiTE AA- (Negative)January 3, 2023January 25, 2023More Details
Edelweiss NCD IPO October 202210.10%400 crCRISIL & ACUiTE AA- (Negative)October 3, 2022October 17, 2022More Details
Edelweiss NCD IPO July 20229.95%300 crCRISIL AA- & ACUiTE AA (Negative)July 5, 2022July 26, 2022More Details
Edelweiss NCD IPO April 20229.70%300 crCRISIL AA- & ACUiTE AA (Negative)April 6, 2022April 26, 2022More Details
Edelweiss NCD IPO December 20219.70%200 crCRISIL AA- & ACUiTE AA (Negative)December 6, 2021December 22, 2021More Details
Edelweiss NCD IPO August 20219.70%400 crCRISIL AA- & ACUiTE AA (Negative)August 17, 2021September 6, 2021More Details
Edelweiss NCD IPO April 20219.70%2000 crACUiTE AA April 1, 2021April 23, 2021More Details

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