Edelweiss Financial Services Limited (EFSL) has announced the launch of a public issue for Secured Redeemable Non-Convertible Debentures (NCDs). The issue aims to raise up to ₹3,000 million, with a base issue size of ₹1,500 million and a green shoe option of an additional ₹1,500 million. The funds raised will primarily be used for repaying existing borrowings and for general corporate purposes. The NCDs offer an effective annual interest yield of up to 10.00% p.a. and have received a ‘Crisil A+/Stable’ credit rating.
Edelweiss Financial Services Launches Public Issue of NCDs
Edelweiss Financial Services Limited (EFSL) has announced the opening of its public issue for Secured Redeemable Non-Convertible Debentures (NCDs) on September 21, 2026. The issue is set to close on October 05, 2026, and aims to raise a cumulative amount of up to ₹3,000 million. This includes a base issue size of ₹1,500 million and an optional green shoe of up to ₹1,500 million.
Investment Details and Yield
The NCDs will be available in 10 series, with tenures ranging from 24 months to 120 months, offering various interest options such as annual, monthly, and cumulative. Investors can expect an effective annual interest yield between 8.64% p.a. and 10.00% p.a. The NCDs have been assigned a credit rating of ‘Crisil A+/Stable’ by Crisil Ratings Limited, indicating a stable outlook for timely debt servicing.
Fund Utilization
A significant portion of the funds raised, at least 75%, will be allocated towards the repayment or prepayment of existing borrowings of the Company. The remaining balance, not exceeding 25% of the amount raised, will be utilized for general corporate purposes, in compliance with the SEBI NCS Regulations.
Issue Management and Listing
Trust Investment Advisors Private Limited, Nuvama Wealth Management Limited, and Tipsons Consultancy Services Private Limited are acting as the Lead Managers for this issue. The NCDs are proposed to be listed on BSE Limited to ensure liquidity for the investors.
About Edelweiss Financial Services Limited
Edelweiss Financial Services Limited, incorporated in 1995, has diversified its business operations across retail and corporate credit, mutual funds, alternative asset management, asset reconstruction, life insurance, and general insurance. The company aims to leverage its strong customer focus and innovative product offerings to expand its market presence.
Source: BSE
