Edelweiss Financial Services Launches Public Issue of Secured Redeemable NCDs Up to ₹ 3,000 Million
Mumbai: Edelweiss Financial Services Limited (EFSL) today announced a public issue of Secured Redeemable Non-Convertible Debentures (NCDs). The NCDs, with a face value of ₹ 1,000 each, have been offered up to a Base Issue Size of ₹ 1,500 million, with a green shoe option allowing the total Issue Limit to reach up to ₹ 3,000 million.The issue features ten series of NCDs designed with various tenure options ranging from 24 months, 36 months, 60 months, and 120 months. Investors are offered different interest structures, including annual, monthly, and cumulative interest payment options. The effective annual interest yield on the NCDs ranges from 8.64% p.a. to 10.00% p.a.
The public issue is scheduled to open on Monday, June 8, 2026, and will close on Friday, June 19, 2026.
Issue Details and Rating
The NCDs have been rated 'Crisil A+/Stable' by Crisil Ratings Limited. Trust Investment Advisors Private Limited, Nuvama Wealth Management Limited, and Tipsons Consultancy Services Private Limited are the Lead Managers for the issue. The NCDs will be listed on BSE Limited to ensure investor liquidity.
The use of proceeds from the issue is primarily designated for repaying or prepaying the interest and principal of existing borrowings, with at least 75% of the funds dedicated to this purpose. The remaining balance, not exceeding 25% of the amount raised, is proposed for general corporate purposes.
EDELWEISS Stock Price Movement
As of 10:28 AM, shares of Edelweiss Financial Services Limited are slipping by 1.74% in live trading, currently priced at ₹112.68.The equity sees significant activity as it trades through 784,983 shares during the ongoing market session.
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