Edelweiss Financial Services strengthens on the bourses

04 Jan 2019 Evaluate

Edelweiss Financial Services is currently trading at Rs. 177.40, up by 0.70 points or 0.40% from its previous closing of Rs. 176.70 on the BSE.

The scrip opened at Rs. 177.00 and has touched a high and low of Rs. 179.40 and Rs. 176.30 respectively. So far 6919 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 342.00 on 29-May-2018 and a 52 week low of Rs. 128.00 on 26-Oct-2018.

Last one week high and low of the scrip stood at Rs. 185.00 and Rs. 176.00 respectively. The current market cap of the company is Rs. 16475.46 crore.

The promoters holding in the company stood at 33.02%, while Institutions and Non-Institutions held 32.19% and 34.79% respectively.

The issue has seen a keen interest from retail investors with the retail bucket being oversubscribed by 1.78 times with total collection of Rs 500 crore

Edelweiss Financial Services’ subsidiary -- ECL Finance (ECLF) has turned out to be a big draw with investors with the issue being fully subscribed across categories. The issue of Secured Redeemable Non-Convertible Debentures (NCD) successfully mobilized over Rs 1,000 crore making it one of the only in the last quarter to have even the green shoe option fully subscribed.

The issue has seen a keen interest from retail investors with the retail bucket being oversubscribed by 1.78 times with total collection of Rs 500 crore against bucket size of Rs 300 crore. The issue received close to 32,000 applications from over 80 locations pan India. This is one of the highest in terms of volumes of applications received in recent times and the wide dispersion indicates the brands reach and penetration.

Edelweiss Financial Services is primarily engaged in the business of rendering merchant banking services. The company operates in two segments - agency business and holding company activities.

Edelweiss Financial Share Price

84.15 -2.38 (-2.75%)
21-May-2024 16:01 View Price Chart
Peers
Company Name CMP
Bajaj Finance 6748.25
Shriram Finance 2375.35
Aditya Birla Capital 225.25
SBI Cards AndPayment 710.00
Chola Invest & Fin. 1296.20
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.