Edelweiss Financial Services Limited has announced a public issue of Secured, Redeemable, Non-Convertible Debentures (NCDs). The ‘Base Issue Size’ is ₹1,500 million, with a greenshoe option of up to ₹1,500 million, aggregating up to ₹3,000 million. The face value of each NCD is ₹1,000. The issue opens on June 8, 2026, and closes on June 19, 2026.
Edelweiss Launches Public NCD Issue
Edelweiss Financial Services Limited is launching a public issue of its Secured, Redeemable, Non-Convertible Debentures (NCDs). This initiative aims to raise capital through the issuance of NCDs with a face value of ₹1,000 each. The company has set a ‘Base Issue Size’ of ₹1,500 million, with an additional provision for a greenshoe option of up to ₹1,500 million. This brings the total potential issue size to an aggregate of ₹3,000 million.
Issue Details and Timeline
The public issue will be open for subscription starting from Monday, June 8, 2026, and is scheduled to close on Friday, June 19, 2026. The NCDs are secured and redeemable, offering investors a fixed-income instrument. The issue is being made in accordance with the Securities and Exchange Board of India (Issue and Listing of Non-Convertible Securities) Regulations, 2021.
Key Features of the NCDs
Security and Credit Rating
The NCDs proposed for issuance have been assigned a rating of “Crisil A+/Stable (pronounced as Crisil A plus rating with Stable outlook)” by Crisil. This rating indicates an adequate degree of safety regarding the timely servicing of financial obligations and carries a low credit risk. The securities are secured by a pari-passu charge in favor of the Debenture Trustee on certain assets of the entities and/or the Issuer. This security cover is intended to be at least 100% of the outstanding principal amounts and interest until the Maturity Date.
Tenor and Interest
The tenor for the NCDs varies across different series, ranging from 24 months to 120 months. The coupon rates offered also differ by series, with annual rates ranging from 8.65% to 10.00%. The effective yield for NCD holders also varies accordingly. Interest payments can be made annually or monthly, depending on the series selected by the investor. The minimum application amount for the NCDs is ₹10,000 (representing 10 NCDs).
Listing and Allotment
The NCDs are proposed to be listed on BSE Limited (BSE). The listing is expected to occur within three working days from the date of issue closure. The Designated Stock Exchange for this issue is BSE. The deemed date of allotment is set as the date on which the Board of Directors or the Debenture Fund Raising Committee approves the allotment.
Risk Factors and Disclosure
Investors are advised that securities with this rating are considered to have an adequate degree of safety, but the rating may be subject to revision or withdrawal at any time by the assigning rating agency. The rating does not constitute a recommendation to buy, sell, or hold securities. Investors should conduct their own due diligence. Further details regarding the issue, including the terms, conditions, and risk factors, are available in the Prospectus.
Source: BSE
