Edelweiss Financial Services Announces ₹2500M NCD Public Issue
Filing Summary
Edelweiss Financial Services Limited has announced a public issue of Non-Convertible Debentures (NCDs) to raise up to ₹2500 million. The issue comprises 25,00,000 secured redeemable NCDs with a face value of ₹1,000 each. The base issue size is ₹1250 million, with a green shoe option of an additional ₹1250 million. The NCDs have a tenure ranging from 24 to 120 months, offering an effective yield of up to 10.10% per annum. The issue opens on December 5, 2025, and closes on December 18, 2025. The funds will primarily be used for repayment of existing borrowings.
Edelweiss Financial Services Limited has announced a public issue of up to ₹2500 million through Non-Convertible Debentures (NCDs). The issue involves 25,00,000 secured redeemable NCDs, each with a face value of ₹1,000. The base issue size is ₹1250 million, with a green shoe option allowing for an additional ₹1250 million, totaling an issue limit of ₹2500 million.
The NCDs offer an effective yield of up to 10.10% per annum. The credit rating for these NCDs is Crisil A+/Stable, as assigned by Crisil Ratings Limited. The NCDs will be traded in dematerialized form only. Allotment will be made based on the date of application upload into the BSE Limited’s electronic book, with proportionate allotment in case of oversubscription.
The issue includes 10 series of NCDs with fixed coupons and tenures of 24, 36, 60, and 120 months. Interest options are available on an annual, monthly, and cumulative basis. The effective annual interest yield ranges from 8.85% to 10.09% per annum. The issue opens on December 5, 2025, and closes on December 18, 2025, subject to early closure or extension as per regulatory guidelines.
At least 75% of the funds raised will be allocated for the repayment or prepayment of interest and principal of existing borrowings. The remaining funds, not exceeding 25% of the total raised, will be used for general corporate purposes, in compliance with the SEBI NCS Regulations. The proceeds will not be used for prepayment penalties.
The lead managers for the issue are Trust Investment Advisors Private Limited, Nuvama Wealth Management Limited, and Tipsons Consultancy Services Private Limited. The NCDs will be listed on BSE Limited to provide liquidity to investors. Nuvama Wealth Management Limited, an associate of the company, will be involved only in marketing the issue.
Edelweiss Financial Services Limited was incorporated in 1995 and initially operated as an investment banking firm. Over the years, it has diversified into various financial services, including NBFC, mutual funds, asset management, and insurance. The company has a significant retail footprint with approximately 12 million customers and operates 252 domestic offices and 3 international offices.
Edelweiss Financial Services Limited focuses on providing a wide range of financial services through its subsidiaries. The company’s strategic priorities include expanding its product offerings and enhancing customer experience across its diverse business segments.