Edelweiss Financial Services Launches ₹3,500 Million NCD Issue
Filing Summary
Edelweiss Financial Services Limited has announced a public issue of Secured Redeemable Non-Convertible Debentures (NCDs) totaling ₹3,500 million. The issue includes a base size of ₹1,750 million with a green shoe option for an additional ₹1,750 million. The NCDs, rated Crisil A+/Stable, offer an effective yield of up to 10.01% per annum. The issue opens on March 2, 2026, and closes on March 16, 2026. At least 75% of the funds will be used for repayment of existing borrowings, with the remainder for general corporate purposes.
Edelweiss Financial Services Limited has announced a public issue of Secured Redeemable Non-Convertible Debentures (NCDs) amounting to ₹3,500 million. The issue comprises a base size of ₹1,750 million and a green shoe option of an additional ₹1,750 million. The NCDs are offered at a face value of ₹1,000 each and will be traded in dematerialized form only. The issue is scheduled to open on March 2, 2026, and close on March 16, 2026.
The NCDs have been rated Crisil A+/Stable by Crisil Ratings Limited. They offer an effective annual yield ranging from 8.64% to 10.01%, depending on the series. The issue includes ten series of NCDs with fixed coupons and tenures of 24, 36, 60, and 120 months. Interest payment options are available on an annual, monthly, and cumulative basis.
At least 75% of the proceeds from this issue 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. This allocation complies with the Securities and Exchange Board of India (Issue and Listing of Non-Convertible Securities) Regulations, 2021.
The issue will be managed by 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. Allotment will be made based on the date of application upload into the BSE electronic book, with proportionate allocation in case of oversubscription.
Edelweiss Financial Services Limited, incorporated in 1995, initially operated as an investment banking firm. It has since diversified into retail and corporate credit, mutual funds, asset management, and insurance through its subsidiaries. The company is listed on BSE and NSE under the symbols EDELWEISS and 532922, respectively.
Edelweiss Financial Services Limited focuses on providing a wide range of financial services, including investment banking, asset management, and insurance. The company emphasizes product innovation and customer experience to expand its retail footprint and maintain strong client relationships across various segments.