Edelweiss Financial Services launches ₹200-crore NCD issue 

Edelweiss Financial Services Limited (EFSL) announced today the public issue of Secured Redeemable Non-Convertible Debentures (NCDs) worth up to ₹200 crore. The issue includes a base size of ₹100 crore with a green shoe option of an additional ₹100 crore.

The shares of Edelweiss Financial Services Limited (EFSL) closed today on the NSE at ₹78.05, down by ₹9.61 or 10.96 per cent.

The NCDs, carrying a face value of ₹1,000 each, offer effective annual yields ranging from 9.50 per cent to 11.00 per cent. The issue will open on April 8, 2025, and close on April 24, 2025, with NCDs available in multiple tenure options of 24, 36, 60, and 120 months, with various interest payment frequencies.

EFSL plans to use at least 75 per cent of the funds raised to repay existing borrowings, with the remainder allocated for general corporate purposes. The NCDs have received a “Crisil A+/Stable” rating and will be listed on BSE Limited to provide liquidity to investors.

Trust Investment Advisors Private Limited, Nuvama Wealth Management Limited, and Tipsons Consultancy Services Private Limited are serving as lead managers for the issue. Allotments will be made on a first-come, first-served basis, switching to proportionate allocation on the date of oversubscription.

Edelweiss Financial Services, which began as an investment banking firm in 1995, has since diversified into retail and corporate credit, asset management, asset reconstruction, and insurance businesses. The company currently serves approximately 9.73 million customers through 255 offices globally and employs 5,946 staff as of December 31, 2024.

Published on April 7, 2025