Edelweiss Financial Services Launches Public NCD Issue of Up to ₹3,000 Million, Subscription Opens June 8, 2026
Edelweiss Financial Services Limited has launched a public issue of Secured, Redeemable, Non-Convertible Debentures with a base issue size of ₹1,500 million and a green shoe option of up to ₹1,500 million, totalling up to ₹3,000 million. The issue opens on June 8, 2026, and closes on June 19, 2026, offering ten series with tenors ranging from 24 to 120 months and effective yields of up to 10.00% per annum. The NCDs carry a CRISIL A+/Stable rating for ₹12,000 million and are proposed to be listed on BSE Limited. Security cover of at least 100% of outstanding principal and interest will be maintained throughout the tenure of the NCDs.

*this image is generated using AI for illustrative purposes only.
Edelweiss Financial Services Limited has announced a public issue of Secured, Redeemable, Non-Convertible Debentures (NCDs) of face value ₹1,000 each, aggregating up to ₹3,000 million. The Debenture Fund Raising Committee of the company approved the issue and the Prospectus dated June 1, 2026, at its meeting held on the same date. The Prospectus has been filed with the Registrar of Companies, Maharashtra at Mumbai, the Securities and Exchange Board of India (SEBI), and BSE Limited.
Issue Structure and Key Details
The issue comprises a base issue size of ₹1,500 million with a green shoe option of up to ₹1,500 million, cumulatively aggregating up to 30,00,000 NCDs for an amount of up to ₹3,000 million. The issue is being made pursuant to the SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021, as amended, and the Companies Act, 2013. The issue is not underwritten.
| Parameter: | Details |
|---|---|
| Issuer: | Edelweiss Financial Services Limited |
| Instrument Type: | Secured, Redeemable, Non-Convertible Debentures |
| Face Value / Issue Price: | ₹1,000 per NCD |
| Base Issue Size: | ₹1,500 million |
| Green Shoe Option: | Up to ₹1,500 million |
| Total Issue Limit: | Up to ₹3,000 million |
| Issue Opening Date: | Monday, June 8, 2026 |
| Issue Closing Date: | Friday, June 19, 2026 |
| Minimum Application: | ₹10,000 (10 NCDs) across all Series |
| Listing Exchange: | BSE Limited (Designated Stock Exchange) |
| Credit Rating: | CRISIL A+/Stable |
NCD Series: Tenor, Coupon, and Yield
The issue offers ten series of NCDs with varying tenors ranging from 24 months to 120 months, and interest payment frequencies of annual, monthly, or cumulative (NA). The following table outlines the key terms for each series for NCD holders in Category I, II, III & IV:
| Series: | Tenor | Frequency | Coupon (% p.a.) | Effective Yield (% p.a.) | Maturity Amount (₹/NCD) |
|---|---|---|---|---|---|
| I | 24 months | Annual | 8.65% | 8.64% | ₹1,000 |
| II | 24 months | NA (Cumulative) | NA | 8.65% | ₹1,180.75 |
| III | 36 months | Monthly | 8.80% | 9.15% | ₹1,000 |
| IV** | 36 months | Annual | 9.15% | 9.14% | ₹1,000 |
| V | 36 months | NA (Cumulative) | NA | 9.15% | ₹1,300.70 |
| VI | 60 months | Monthly | 9.21% | 9.60% | ₹1,000 |
| VII | 60 months | Annual | 9.60% | 9.59% | ₹1,000 |
| VIII | 60 months | NA (Cumulative) | NA | 9.60% | ₹1,581.85 |
| IX | 120 months | Monthly | 9.58% | 10.00% | ₹1,000 |
| X | 120 months | Annual | 10.00% | 9.99% | ₹1,000 |
**Series IV NCDs will be allocated and allotted to applicants who have not indicated a choice of NCD series.
Credit Rating and Security
The NCDs proposed to be issued under this issue have been rated "CRISIL A+/Stable" (pronounced as CRISIL A plus rating with Stable outlook) for an amount of ₹12,000 million by CRISIL, vide their rating letter dated May 13, 2026, with rating rationale dated January 9, 2026. Securities with this rating are considered to have an adequate degree of safety regarding timely servicing of financial obligations and carry low credit risk.
The principal amount of the NCDs shall be secured by way of pari passu charge in favour of the Debenture Trustee on certain assets of the issuer, including loans and advances, receivables, investments, stock in trade, current and other assets, and/or immovable property/fixed assets, such that a security cover of at least 100% of the outstanding principal amounts of the NCDs and interest thereon is maintained at all times until the maturity date. The NCDs are proposed to be listed on BSE Limited within three working days from the date of issue closure.
Default and Interest Provisions
In the event of any delay in allotment, refunds, dematerialised credit, execution of the Debenture Trust Deed, payment of interest, or redemption of principal beyond prescribed time limits, the issuer shall pay interest over and above the agreed coupon rate as stipulated under applicable laws. Specifically, if the issuer fails to execute the Debenture Trust Deed within the period specified under applicable law, it shall pay at least 2% per annum to NCD holders over and above the agreed coupon rate until execution of the trust deed. There are no special rights, privileges, or interests attached to the instrument beyond those described in the Prospectus.
Subscription and Allotment Process
The issue shall remain open for subscription on working days from 10:00 a.m. to 5:00 p.m. during the issue period. On the issue closing date, application forms will be accepted only between 10:00 a.m. and 3:00 p.m. and uploaded until 5:00 p.m. (Indian Standard Time). Allotment under the issue will be on a date priority basis, except on the day of oversubscription and thereafter, where allotment will be proportionate, in accordance with the SEBI NCS Master Circular. Applications not uploaded on the stock exchange platform will be rejected.
Historical Stock Returns for Edelweiss Financial Services
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.48% | +0.94% | -10.32% | +0.83% | +2.93% | +223.86% |
How will the proceeds from this ₹3,000 million issue be allocated to support Edelweiss's growth or debt reduction strategies?
What impact will the current interest rate environment have on the demand for these NCDs given the offered yields?
How might the CRISIL A+/Stable rating influence investor appetite compared to other fixed-income instruments available in the market?


































