Edelweiss Capital’s IPO : Edelweiss Capital’s IPO Updates
Edelweiss Capital’s IPO
Edelweiss Capital’s IPO information will be updated frequently in this page
The price-band of the Edelweiss IPO issue of face value Rs 5 each has been fixed at Rs 725-825 per share. The issue opens on Nov 15 and closes Nov 20
The proposed initial public offering of equities broking firm Edelweiss Capital has been assigned an IPO grade of 4/5 by rating agency CRISIL , reflecting that the fundamentals of the issue are above average.
It further reflects the fact that Edelweiss has created a good position in the mid-size space of Indian investment banking, an area with significant growth potential, but competition is expected to intensify in this space.
Promoted by Rashesh Shah and Venkatchalam Ramaswamy, Edelweiss Capital is predominantly engaged in institutional equities broking, investment banking and proprietary arbitrage trading activities.
The company is also present in insurance broking, asset management and investment advisory services, wealth management and wholesale financing activities. For the year ended March 2007, Edelweiss’s net profit stood at Rs 109 crore.
