Edelweiss Financial Services Limited (EFSL) has announced a public issue of Secured Redeemable Non-Convertible Debentures (NCDs) aggregating up to ₹3,500 million, including a green shoe option. The issue offers an effective annual yield of up to 10.01% per annum. The NCDs carry a ‘Crisil A+/ Stable’ rating and the subscription period is scheduled from March 2, 2026, to March 16, 2026. Funds raised will primarily be used for repaying/prepaying existing borrowings.
Public Issue of Secured NCDs Announced
Edelweiss Financial Services Limited (EFSL) today announced the launch of a public issue of Secured Redeemable Non-Convertible Debentures (NCDs) of face value ₹1,000 each. The Base Issue Size is set at up to ₹1,750 million, with an option for a green shoe up to an additional ₹1,750 million, cumulatively totaling an Issue Limit of ₹3,500 million.
Key Financial Offer Details
The NCDs are offered across 10 series with tenures of 24 months, 36 months, 60 months, and 120 months, featuring annual, monthly, and cumulative interest options. The effective annual interest yield ranges significantly, from 8.64% p.a. to 10.01% p.a. The issue carries a credit rating of “Crisil A+/Stable”. The subscription window is scheduled to open on Monday, March 2, 2026, and close on Monday, March 16, 2026.
Use of Proceeds and Allotment Policy
A minimum of 75% of the funds raised will be allocated for the repayment or prepayment of interest and principal of the Company’s existing borrowings. The remaining balance is earmarked for general corporate purposes, subject to limits defined by regulations.
Allotment will generally follow a first come, first serve basis. In the event of oversubscription, allotment will be made to applicants on a proportionate basis. The final allotment, in consultation with the Designated Stock Exchange (BSE Limited), will be based on the date of upload of the application into the electronic book.
Company Background Snapshot
Edelweiss Financial Services Limited (EFSL) began operations in November 1995. Since then, it has diversified its business spanning retail and corporate credit, mutual funds, asset management, life insurance, and general insurance. As of December 31, 2025, the company employed 5,866 people and maintained a significant retail footprint of approximately ~12.79 million customers.
Source: BSE
