Edelweiss Financial Services Limited has announced a public issue of Secured Redeemable Non-Convertible Debentures (NCDs) worth up to ₹3,500 million, offering investors attractive yields and flexible investment options. The announcement was made on March 2, 2026, marking a significant fundraising initiative by the financial services company.

Issue Structure and Terms

The NCD issue is structured with a base size of ₹1,750 million and includes a green shoe option of up to ₹1,750 million, bringing the total issue limit to ₹3,500 million. The debentures carry a face value of ₹1,000 each and will be available in dematerialized form only.

Investment Options and Timeline

The issue features 10 series of NCDs with varying tenures and interest payment structures to cater to different investor preferences. The debentures offer tenures of 24 months, 36 months, 60 months, and 120 months, with annual, monthly, and cumulative interest options. Effective annual interest yields range from 8.64% per annum to 10.01% per annum.

The issue is scheduled to open on Monday, March 2, 2026, and will close on Monday, March 16, 2026. Trading will be conducted on BSE Limited, which serves as the designated stock exchange for the issue.

Fund Utilization and Regulatory Compliance

The company has outlined a clear fund utilization plan in compliance with SEBI regulations. At least 75% of the funds raised will be allocated for repayment or prepayment of interest and principal on existing borrowings. The remaining balance, not exceeding 25% of the raised amount, will be utilized for general corporate purposes, adhering to the Securities and Exchange Board of India (Issue and Listing of Non-Convertible Securities) Regulations, 2021.

Allotment Process and Market Intermediaries

Allotment will be conducted in consultation with BSE Limited on a first-come, first-serve basis, determined by the date of application upload to BSE's electronic book. In case of oversubscription, allotment will be made on a proportionate basis among applicants.

The issue is managed by three lead managers: Trust Investment Advisors Private Limited, Nuvama Wealth Management Limited, and Tipsons Consultancy Services Private Limited. Notably, Nuvama Wealth Management Limited is deemed an associate of the company under SEBI regulations and will be involved only in marketing activities.

Company Background

Edelweiss Financial Services Limited was incorporated on November 21, 1995, initially as Edelweiss Capital Limited, beginning operations as an investment banking firm. The company received its Category I Merchant Banker license from SEBI on October 16, 2000, and was renamed to its current form on August 1, 2011. The company's equity shares have been listed on BSE Limited and National Stock Exchange of India Limited since December 2007.

The company has expanded its operations significantly, serving approximately 12.79 million customers through diversified business segments including retail and corporate credit, mutual funds, alternative asset management, asset reconstruction, and insurance. As of December 31, 2025, the company operates through a network of 263 offices, including 260 domestic and 3 international offices, employing 5,866 people.

Edelweiss Financial Services Limited has filed a comprehensive investor presentation under Regulation 30, providing stakeholders with detailed insights into the company's performance across its diversified business portfolio. The presentation, titled "Our journey, presented through numbers and charts" in US Dollars, was filed on February 10, 2026, by Company Secretary Tarun Khurana and showcases the financial services conglomerate's growth trajectory through extensive data visualization.

Business Structure and Operations

The presentation outlines Edelweiss Financial Services' seven distinct business segments, each operating as specialized entities under the parent company. The diversified structure encompasses Alternative Asset Management through EAAA India Alternatives Ltd, Mutual Fund operations via Edelweiss Asset Management Ltd, and insurance services through both Zuno General Insurance Limited and Edelweiss Life Insurance Company Ltd.

Alternative Asset Management Performance

The Alternative Asset Management division demonstrates significant growth in key performance metrics. The presentation shows Assets Under Management and Fee Paying AUM progression from Mar-20 through Dec-25. The division serves 5,500 unique clients with geographical diversification between onshore and offshore markets. Strategy-wise Fee Paying AUM is distributed across Real Assets, Private Credit, and other investment categories.

Mutual Fund Business Metrics

The Mutual Fund segment presents comprehensive performance data spanning Mar-20 to Dec-25, including MF Assets Under Management growth, Equity AUM expansion, and SIP Book development. The presentation highlights the division's market positioning with SIP Book Market Share of 1.8% and Folio Market Share of 1.3% as of recent periods.

Insurance Operations Overview

Both General and Life Insurance segments feature prominently in the presentation with detailed performance indicators. General Insurance metrics include Gross Written Premium trends, Assets Under Management growth, and customer count expansion. The Motor GDPI Market Share for private general insurance shows 0.83% and 0.80% for specific periods.

Specialized Financial Services

The Asset Reconstruction business showcases cumulative recoveries of 7,162 million USD since FY16, while the NBFC segment presents wholesale book performance and MSME disbursements of 65 million USD for the nine-month period ending Dec-25. Housing Finance operations demonstrate disbursement trends with annualized nine-month run rates for Mar-26.

Consolidated Financial Performance

The presentation concludes with consolidated EFSL metrics, including PAT of underlying businesses and consolidated PAT figures. Customer asset data and customer reach show growth from Mar-20 to Dec-25, with net debt positioning tracked through Dec-25, excluding CBLO and securitization liabilities.

The comprehensive presentation includes detailed disclaimers regarding forward-looking statements and data methodology, emphasizing that figures are presented pre-minority interest unless stated otherwise. A currency conversion rate of 1 USD equal to 89.9198 INR has been used, with Mar-26 numbers representing simple annualization of nine-month ended Dec-25 figures.