Edelweiss Financial Services Limited (EFSL) today announced a public issue of Secured Redeemable Non-Convertible Debentures (NCDs), aiming to raise up to ₹300 crore. The issue, which opens on Tuesday, July 8, 2025, and closes on Monday, July 21, 2025, offers an effective annual interest yield ranging from 9.00% to 10.49% per annum. The NCDs have been rated "Crisil A+/Stable" by Crisil Ratings Limited, indicating a stable outlook.
The public issue comprises 12 series of NCDs, each with a face value of ₹1,000. These debentures offer various tenures, including 24 months, 36 months, 60 months, and 120 months, catering to diverse investor preferences. Investors can choose from annual, monthly, and cumulative interest payment options, providing flexibility in managing their returns. The effective annual interest yield on these NCDs ranges from 9.00% to 10.49%, making them an attractive investment opportunity for those seeking stable returns. The NCDs will be traded in dematerialized form only, ensuring ease of transaction and security for investors.
Edelweiss Financial Services Limited intends to utilize the funds raised from this NCD issue primarily for the repayment and prepayment of interest and principal of its existing borrowings. At least 75% of the net proceeds from the issue will be allocated for this purpose. The remaining balance, up to 25% of the amount raised, is proposed to be used for general corporate purposes. This utilization strategy aligns with the Securities and Exchange Board of India (Issue and Listing of Non-Convertible Securities) Regulations, 2021.
The NCDs proposed under this issue have received a "Crisil A+/Stable" rating from Crisil Ratings Limited. This rating signifies a stable outlook and reflects the company's strong capacity for timely payment of financial obligations. The allotment of NCDs will be made on a first-come, first-serve basis, based on the date of upload of the application into the electronic book of BSE Limited. However, in the event of oversubscription on any given day, allotments will be made to applicants on a proportionate basis, ensuring equitable distribution among investors.
The NCD issue is scheduled to open for subscription on Tuesday, July 8, 2025, and will remain open until Monday, July 21, 2025. Applications will be accepted on working days from 10:00 a.m. to 5:00 p.m. Indian Standard Time. On the issue closing date, applications will be accepted until 3:00 p.m. and uploaded until 5:00 p.m. The NCDs will be listed on BSE Limited, which is expected to provide liquidity to investors. Trust Investment Advisors Private Limited, Nuvama Wealth Management Limited, and Tipsons Consultancy Services Private Limited are serving as the Lead Managers to the Issue.
Edelweiss Financial Services Limited (EFSL) was incorporated on November 21, 1995, initially as Edelweiss Capital Limited, and began operations as an investment banking firm. Over the years, the company has significantly diversified its businesses through its subsidiaries, expanding into retail and corporate credit, mutual funds, alternative asset management, asset reconstruction, life insurance, and general insurance. EFSL's equity shares were listed in December 2007 on both BSE Limited and the National Stock Exchange of India Limited. The company boasts a substantial retail footprint, serving approximately 9.73 million customers. As of March 31, 2025, EFSL operates with a pan-India and international network of 255 offices (252 domestic and 3 international) and employs 5,612 individuals.
| Particulars | Details |
|---|---|
| Issuer | Edelweiss Financial Services Limited (EFSL) |
| Instrument Type | Secured Redeemable Non-Convertible Debentures (NCDs) |
| Face Value | ₹1,000 per NCD |
| Base Issue Size | ₹150 crore (₹1,500 million) |
| Green Shoe Option | Up to ₹150 crore (₹1,500 million) |
| Total Issue Limit | Up to ₹300 crore (₹3,000 million) |
| Tenure Options | 24 months, 36 months, 60 months, 120 months |
| Interest Options | Annual, Monthly, Cumulative |
| Effective Annual Yield | 9.00% p.a. to 10.49% p.a. |
| Credit Rating | Crisil A+/Stable by Crisil Ratings Limited |
| Issue Open Date | July 8, 2025 (Tuesday) |
| Issue Close Date | July 21, 2025 (Monday) |
| Listing Exchange | BSE Limited |
Issue Details and Structure
The public issue comprises 12 series of NCDs, each with a face value of ₹1,000. These debentures offer various tenures, including 24 months, 36 months, 60 months, and 120 months, catering to diverse investor preferences. Investors can choose from annual, monthly, and cumulative interest payment options, providing flexibility in managing their returns. The effective annual interest yield on these NCDs ranges from 9.00% to 10.49%, making them an attractive investment opportunity for those seeking stable returns. The NCDs will be traded in dematerialized form only, ensuring ease of transaction and security for investors.
Purpose of the Issue
Edelweiss Financial Services Limited intends to utilize the funds raised from this NCD issue primarily for the repayment and prepayment of interest and principal of its existing borrowings. At least 75% of the net proceeds from the issue will be allocated for this purpose. The remaining balance, up to 25% of the amount raised, is proposed to be used for general corporate purposes. This utilization strategy aligns with the Securities and Exchange Board of India (Issue and Listing of Non-Convertible Securities) Regulations, 2021.
Credit Rating and Allotment Process
The NCDs proposed under this issue have received a "Crisil A+/Stable" rating from Crisil Ratings Limited. This rating signifies a stable outlook and reflects the company's strong capacity for timely payment of financial obligations. The allotment of NCDs will be made on a first-come, first-serve basis, based on the date of upload of the application into the electronic book of BSE Limited. However, in the event of oversubscription on any given day, allotments will be made to applicants on a proportionate basis, ensuring equitable distribution among investors.
Issue Timeline and Listing
The NCD issue is scheduled to open for subscription on Tuesday, July 8, 2025, and will remain open until Monday, July 21, 2025. Applications will be accepted on working days from 10:00 a.m. to 5:00 p.m. Indian Standard Time. On the issue closing date, applications will be accepted until 3:00 p.m. and uploaded until 5:00 p.m. The NCDs will be listed on BSE Limited, which is expected to provide liquidity to investors. Trust Investment Advisors Private Limited, Nuvama Wealth Management Limited, and Tipsons Consultancy Services Private Limited are serving as the Lead Managers to the Issue.
About Edelweiss Financial Services Limited
Edelweiss Financial Services Limited (EFSL) was incorporated on November 21, 1995, initially as Edelweiss Capital Limited, and began operations as an investment banking firm. Over the years, the company has significantly diversified its businesses through its subsidiaries, expanding into retail and corporate credit, mutual funds, alternative asset management, asset reconstruction, life insurance, and general insurance. EFSL's equity shares were listed in December 2007 on both BSE Limited and the National Stock Exchange of India Limited. The company boasts a substantial retail footprint, serving approximately 9.73 million customers. As of March 31, 2025, EFSL operates with a pan-India and international network of 255 offices (252 domestic and 3 international) and employs 5,612 individuals.
