EDELWEISS CAPITAL LTD - IPO

Type of Issue : Book Built
Issue Opens: 15 November, 2007
Issue Closes: 20 November, 2007
Expected Refund Date: 07 December, 2007
Issue Size : 8,386,147 (No. of Shares)

Lower Price Band: Rs.725
Upper Price Band: Rs.825
Total Issue Size: Rs.692 Crores

Application Multiple: 8 and in multiples there off starting with atleast 8 shares.

Maximum Shares: 120(for Retail)

Information URL : http://www.edelcap.com/
Prospectus URL : http://www.sebi.gov.in/dp/edel.pdf

Company Details :

Address : 14th FLOOR, EXPRESS TOWERS, NARIMAN POINT, MUMBAI - 400 021..
Email : ecl.ipo@edelcap.com
Contact Details: 912222864400 /912222864278 (fax)

ISSUE Description:

ECL is a diversified financial services company in India, providing investment banking, institutional equities, private client broking, asset management and investment advisory services, wealth management, insurance broking and wholesale financing services to corporate, institutional and high net worth individual clients. ECL is headquartered in Nariman Point, Mumbai and they operate from another 43 offices in 19 Indian cities.

Since their commencement of business in 1996, they have grown from a boutique investment bank into a diversified Indian financial services company organized under agency and capital business lines and operate through the company and its thirteen subsidiaries. Their agency business lines includes investment banking, institutional equities, private client broking, asset management and investment advisory services, wealth management, and insurance broking; our capital business line includes wholesale financing services and their internal treasury operations. The following are the ECL subsidiaries.

1. Edelweiss Capital Limited 7.Edelweiss Trustee Services Private Limited
2. Edelweiss Securities Limited 8.ECL Finance limited
3. ECAL Advisor limited 9.Edelcap Securities & Transaction Services Private Limited
4. Edelweiss Capital USA, LLC 10. EC Global Limited
5. Crossborder Investments Private Limited 11.Edelweiss Asset Management Private Limited
6. Edelweiss Insurance Brokers Limited 12. Edelweiss Trusteeship Company Private Limited

Agency business lines Capital business line:

1. Investment Banking 1. Treasury
2. Institutional Equities 2. Wholesale Financing
3. Private Client Brokerage
4. Wealth Management
5. Asset Management
6. Insurance Brokerage
Objects of the Issue

a) Enhancement of margin maintenance with stock exchanges by our subsidiary ESL.
b) Establishment of additional offices and acquisition of office infrastructure.
c) Enhancement of our existing technological capacity
Key Financials for the year ended March 31, 2007
Revenue Rs.3,712.53Mln PAT Rs.1,654.22Mln
EPS Rs.20.59 RoNW 28.70%

Recommendation:

Apply aggressively.