Edelweiss Financial Services Limited has informed the Exchange regarding 'Public issue of Non-convertible Debentures'.
EDELWEISS · price
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Edelweiss Financial Services is launching a public issue of secured, redeemable non-convertible debentures (NCDs) with a base size of ₹1,750 million, expandable up to ₹3,500 million with a green shoe option. The NCDs have a face value of ₹1,000 each and are offered in 10 series with tenors ranging from 24 months to 120 months (10 years). Coupon rates vary from 8.65% to 10.00% per annum depending on the series and tenor, with interest paid either monthly or annually. The issue has been rated CRISIL A+/Stable, indicating adequate safety with low credit risk. It is secured by a pari passu charge on company assets with a minimum 100% security cover maintained until maturity. The subscription window opens on March 2, 2026 and closes on March 16, 2026, with the NCDs proposed to be listed on BSE within three working days of issue closure.
The NCD issue will raise up to ₹350 crore of debt capital for Edelweiss, expanding its funding base for lending operations. Existing equity shareholders are not directly diluted since this is a debt instrument, but overall company leverage increases. Retail investors can participate in NCDs offering up to 10% annual returns, though the A+ rating reflects moderate credit quality rather than the highest safety tier.