Edelweiss Financial Services Limited (EFSL) announced a public issue of Secured Redeemable Non-Convertible Debentures (NCDs) with a face value of ₹1,000 each for an aggregate amount up to ₹3,000 million (₹300 crore), with a base issue size of ₹1,500 million (₹150 crore).

The NCDs are structured across 10 different series offering various tenures and interest payment options:

  • Tenures available: 24 months, 36 months, 60 months, and 120 months
  • Interest options: annual, monthly, and cumulative
  • Effective annual interest yield ranges from 8.64% to 10.00% per annum

The issue is scheduled to open on Monday, September 21, 2026, and close on Monday, October 5, 2026. The NCDs will be issued in dematerialized form only and will be listed on BSE Limited to provide liquidity to investors.

Fund Utilization

At least 75% of the funds raised will be used for repayment/prepayment of interest and principal of existing borrowings of the Company. The remaining amount (not exceeding 25% of the total issue size) will be utilized for general corporate purposes. The company specifically stated that proceeds will not be utilized towards payment of any prepayment penalty.

Credit Rating and Lead Managers

The NCDs carry a credit rating of 'Crisil A+/Stable' from Crisil Ratings Limited. The lead managers to the issue are Trust Investment Advisors Private Limited, Nuvama Wealth Management Limited, and Tipsons Consultancy Services Private Limited.

Nuvama Wealth Management Limited is identified as an associate of the Company as per SEBI (Merchant Bankers) Regulations, 1992. Accordingly, Nuvama will only be involved in marketing activities for the issue and will not issue a due diligence certificate, in compliance with Regulation 21A and Regulation 25(3) of the relevant SEBI regulations.

Allotment Process

Allotment will be made in consultation with BSE Limited (the Designated Stock Exchange) on a first-come, first-serve basis for the date of upload of applications into BSE's electronic book. However, on the date of oversubscription and thereafter, allotments will be made to applicants on a proportionate basis.

Company Background

Edelweiss Financial Services Limited commenced operations as an investment banking firm after receiving a Category II license from SEBI and subsequently received a Category I Merchant Banker license effective October 16, 2000. The company was listed in December 2007 on both BSE and NSE.

The company has diversified into retail and corporate credit, mutual funds, alternative asset management, asset reconstruction, and life and general insurance businesses through its subsidiaries. As of June 30, 2026, EFSL served approximately 14.25 million customers through 307 domestic offices and 3 international offices, employing 6,359 people.

Disclaimer Information

The document contains extensive disclaimer statements from BSE Limited, Crisil Ratings, and CARE Analytics and Advisory Private Limited (CareEdge Research), emphasizing that:

  • BSE's permission does not constitute clearance or approval of the offer document
  • Crisil's rating reflects current opinion but does not guarantee completeness or accuracy of information
  • Investment in NCDs involves a high degree of risk
  • Investors should rely only on information contained in the Prospectus dated September 10, 2026