Edelweiss Financial Services Announces Rs 3,500 Million Public Issue of 10 Series NCDs
The company has a market cap of over Rs 10,607.19 crore. The stock price has surged over 25 per cent in last one years.
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On Monday, shares of Edelweiss Financial Services Limited fell 2.05 per cent to Rs 112.07 per share from its previous closing of Rs 114.42 per share. The stock’s 52-week high is Rs 130.70 per share and its 52-week low is Rs 73.50 per share.
Edelweiss Financial Services Limited (EFSL) has launched a public issue of Secured Redeemable Non-Convertible Debentures (NCDs) with a total aggregate value of up to Rs 3,500 million. The offering comprises a base issue size of Rs 1,750 million along with a green shoe option to retain an additional Rs 1,750 million in case of oversubscription. The NCDs carry a face value of Rs 1,000 each and will remain open for subscription from March 2, 2026 to March 16, 2026.
The issue includes 10 series of NCDs with tenures of 24 months, 36 months, 60 months, and 120 months. Investors can opt for monthly, annual, or cumulative interest payment options. The effective annual yield ranges between 8.64 per cent and 10.01 per cent. The instruments have been assigned a credit rating of “Crisil A+/Stable” by Crisil Ratings Limited, reflecting a stable outlook.
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Add NowThe company plans to utilise at least 75 per cent of the proceeds towards repayment or prepayment of interest and principal of existing borrowings. The remaining amount, up to a maximum of 25 per cent, will be used for general corporate purposes. The NCDs will be listed on BSE Limited and will be traded in dematerialised form to provide liquidity to investors. The lead managers to the issue are Trust Investment Advisors, Tipsons Consultancy Services, and Nuvama Wealth Management, which will handle marketing for the offering.
Incorporated in 1995, EFSL has evolved from an investment Banking firm into a diversified financial services group. Its operations span retail and corporate credit, Mutual Funds, asset management, life and general insurance, and asset reConstruction. As of December 31, 2025, the company serves around 12.79 million customers through 263 offices globally.
The company has a market cap of over Rs 10,607.19 crore. The stock price has surged over 25 per cent in last one years.
Disclaimer: The article is for informational purposes only and not investment advice.