Edelweiss Financial Services launches ₹3,000 mn NCD issue
- Edelweiss Financial Services launches NCD issue up to ₹3,000 million
- Base size is ₹1,500 million with green shoe option of ₹1,500 million
- Crisil assigns A+/Stable rating to the securities
- Coupon rates range from 8.65% to 10.00% across ten series
- Issue opens on September 21, 2026 and closes on October 5, 2026

*this image is generated using AI for illustrative purposes only.
Edelweiss Financial Services announced a public issue of secured, redeemable non-convertible debentures (NCDs) aggregating up to ₹3,000 million. The base issue size stands at ₹1,500 million, with a green shoe option for an additional ₹1,500 million.
The Debenture Fund Raising Committee approved the prospectus on September 10, 2026. The company will file the document with the Registrar of Companies, the Securities and Exchange Board of India (SEBI), and BSE Limited.
Issue Structure and Timeline
The public issue opens on Monday, September 21, 2026, and closes on Monday, October 5, 2026. The NCDs carry a face value of ₹1,000 each. The minimum application amount is ₹10,000, representing 10 NCDs.
| Parameter | Details |
|---|---|
| Base Issue Size | ₹1,500 million |
| Green Shoe Option | ₹1,500 million |
| Total Issue Limit | ₹3,000 million |
| Opening Date | September 21, 2026 |
| Closing Date | October 5, 2026 |
Credit Ratings and Security
Crissil has assigned a rating of A+/Stable to the NCDs. This rating covers an amount of ₹12,000 million and was issued on August 20, 2026. Securities with this rating are considered to have an adequate degree of safety regarding timely servicing of financial obligations.
The NCDs are secured by a pari passu charge on certain assets of the issuer. These assets include loans and advances, receivables, investments, stock in trade, current assets, and immovable property. The security cover must maintain at least 100% of the outstanding principal amounts and interest at all times until maturity.
Series and Coupon Rates
The issue comprises ten series with tenors ranging from 24 months to 120 months. Coupon rates vary between 8.65% and 10.00% per annum depending on the series and payment frequency.
| Series | Tenor | Coupon Rate | Effective Yield |
|---|---|---|---|
| I | 24 months | 8.65% | 8.64% |
| III | 36 months | 8.80% | 9.15% |
| IV | 36 months | 9.15% | 9.14% |
| VI | 60 months | 9.21% | 9.60% |
| VII | 60 months | 9.60% | 9.59% |
| IX | 120 months | 9.58% | 10.00% |
| X | 120 months | 10.00% | 9.99% |
Interest payments are structured as either annual or monthly based on the specific series selected by investors. Series IV serves as the default allocation for applicants who do not indicate a specific series choice.
Listing and Compliance
The NCDs will be listed on BSE Limited within three working days from the issue closure date. The issue is not underwritten. In the event of default in executing the Debenture Trust Deed within the stipulated period, the issuer must pay interest at least 2% per annum over the agreed coupon rate until execution.
Historical Stock Returns for Edelweiss Financial Services
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | +1.29% | +15.31% | +24.71% | +18.66% | 0.0% |
How will the ₹3,000 million NCD issuance impact Edelweiss Financial Services' debt-to-equity ratio and overall leverage metrics?
What specific strategic initiatives or balance sheet optimizations is Edelweiss prioritizing with the proceeds from this secured debt issue?
Given the A+/Stable rating, how might shifts in RBI's monetary policy or broader interest rate trends affect the secondary market trading of these NCDs?
























