Edelweiss Financial Services Limited is launching a Public Issue of Secured Redeemable Non-Convertible Debentures (NCDs) with a base size of ₹1,750 million and a green shoe option of up to ₹1,750 million, totaling a maximum of ₹3,500 million. The issue opens on March 2, 2026, and closes on March 16, 2026. The NCDs carry a rating of “Crisil A+/Stable” and have ten different series with tenors ranging from 24 to 120 months.
Public Issue of Secured NCDs Announced
Edelweiss Financial Services Limited has approved the Public Issue of Secured Redeemable Non-Convertible Debentures (NCDs) through its Debenture Fund Raising Committee. The base Issue Size is set at ₹1,750 million (35,00,000 NCDs of face value ₹1,000 each). The Company retains the option for a green shoe up to an additional ₹1,750 million, bringing the cumulative Issue Limit to ₹3,500 million.
Key Issue Dates and Ratings
The Issue is scheduled to open for subscription on Monday, March 2, 2026, and is slated to close on Monday, March 16, 2026. The NCDs proposed for this Issue have received a rating of “Crisil A+/Stable” from Crisil, communicated via a rating letter dated February 3, 2026.
Specific Terms for NCD Series
The NCDs are structured across ten different Series (I through X) with varying tenors and interest payment frequencies. The minimum application size across all series is ₹10,000 (10 NCDs). The minimum investment thereafter is in multiples of one NCD (₹1,000).
- Tenors: Range from 24 months (Series I, II) up to 120 months (Series IX, X).
- Interest Payment Frequency: Varies, including Annual (Series I, IV, VI, VIII, X) and Monthly (Series III, V, VII, IX).
- Coupon Rates: Coupon rates for Category I, II, III & IV NCD Holders vary, starting from 8.65% per annum (Series I) up to 10.00% per annum (Series X).
- Effective Yields: Effective Yields range from 8.64% (Series I) to 10.01% (Series IX).
For Series IV NCDs, where applicants do not specify a choice, the allocation will default to this series. The interest payment structure ensures that for annual series, payment occurs on the anniversary of the Deemed Date of Allotment, and for monthly series, payments occur on the first date of every month.
Security and Default Provisions
The principal amount of the NCDs is secured by a charge on certain assets of the Issuer. The NCDs are to be secured by way of pari passu charge in favor of the Debenture Trustee. The Issuer commits to paying interest over and above the agreed coupon rate in case of delays concerning allotment, refunds, or trust deed execution, stipulating a minimum penalty of 2% per annum over the coupon rate until the trust deed execution.
Source: BSE
