Edelweiss Financial Services Launches Rs 3,000 Million NCD Public Issue

09 Jul 2025 CW Team

Edelweiss Financial Services (EFSL) has announced a public issue of Secured Redeemable Non-Convertible Debentures (NCDs) with a total issue size of up to Rs 3,000 million. The issue comprises a base size of Rs 1,500 million with a green shoe option of an additional Rs 1,500 million.

The NCDs, with a face value of Rs 1,000 each, will be offered in 12 series with tenures of 24, 36, 60, and 120 months. Investors can choose from annual, monthly, or cumulative interest options. The effective annual yield ranges from 9.00 per cent to 10.49 per cent.

The public issue will open on Tuesday, 8 July 2025, and close on Monday, 21 July 2025, subject to early closure or extension, as permitted under applicable regulations.

As per regulatory guidelines, at least 75 per cent of the proceeds will be used to repay or prepay existing borrowings (principal and interest), while the remainder will be allocated to general corporate purposes, capped at 25 per cent of the total funds raised.

The proposed NCDs have been rated CRISIL A+/Stable, indicating adequate safety with a stable outlook.

Trust Investment Advisors, Nuvama Wealth Management, and Tipsons Consultancy Services are acting as lead managers for the issue. The NCDs will be listed on BSE to facilitate investor liquidity.

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