Edelweiss Financial Services Launches Public NCD Issue of Up to ₹3,000 Million, Subscription Opens June 8, 2026

4 min read     Updated on 01 Jun 2026, 11:20 PM
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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.

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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 Day5 Days1 Month6 Months1 Year5 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?

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Edelweiss Financial Services Dispatches Postal Ballot Notice; E-Voting Window Opens May 16, 2026

2 min read     Updated on 16 May 2026, 11:34 AM
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Edelweiss Financial Services Limited published a newspaper advertisement on May 16, 2026, in Financial Express (English) and Nav Shakti (Marathi), confirming the dispatch of its Postal Ballot Notice dated April 30, 2026. The notice was sent via e-mail on May 15, 2026, to eligible members as on the cut-off date of May 8, 2026. Remote e-voting through NSDL is open from May 16, 2026 at 9:00 a.m. to June 14, 2026 at 5:00 p.m., with results to be announced on June 15, 2026. Physical copies of the notice and ballot forms have not been dispatched, and voting is restricted to the remote e-voting mode only.

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Edelweiss Financial Services Limited has formally confirmed the dispatch of its Postal Ballot Notice dated April 30, 2026, to eligible shareholders. The notice was sent exclusively via e-mail on May 15, 2026, to all members whose e-mail IDs were registered with the Depositories, the Company, or MUFG Intime India Private Limited — the Registrar and Share Transfer Agent — as on the cut-off date of Friday, May 8, 2026. A newspaper advertisement confirming this dispatch was published on May 16, 2026, in compliance with SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015.

Newspaper Publication and Regulatory Compliance

The publication of the dispatch confirmation appeared in two newspapers on May 16, 2026, as detailed below:

Publication Detail: Information
English Newspaper: Financial Express
Marathi Newspaper: Nav Shakti
Publication Date: May 16, 2026
Regulatory Framework: SEBI (LODR) Regulations, 2015
Signed by: Tarun Khurana, Company Secretary

The filing was made under reference number EW/Sec/2026-27/75 and was communicated to both BSE Limited and the National Stock Exchange of India Limited.

E-Voting Schedule and Process

In accordance with circulars issued by the Ministry of Corporate Affairs (MCA) and SEBI, physical copies of the Postal Ballot Notice, along with postal ballot forms and pre-paid business envelopes, have not been dispatched to members. Eligible members are required to communicate their assent or dissent exclusively through remote e-voting. The e-voting facility is being provided through National Securities Depository Limited (NSDL).

The key dates governing the e-voting process are as follows:

Key Date / Parameter: Details
Cut-off Date for Eligibility: Friday, May 8, 2026
Notice Dispatch Date: May 15, 2026
E-Voting Commencement: Saturday, May 16, 2026 at 9:00 a.m.
E-Voting Closure: Sunday, June 14, 2026 at 5:00 p.m.
Results Announcement Date: Monday, June 15, 2026

Access to Notice and Results

The Postal Ballot Notice is available on multiple platforms for members who have not received it directly. These include the company's website at www.edelweissfin.com , the stock exchange websites at www.bseindia.com and www.nseindia.com , and NSDL's e-voting portal at www.evoting.nsdl.com . The e-voting results, along with the Scrutinizer's Report, will be displayed at the company's Registered Office and hosted on the company's website, NSDL's website, and communicated to the stock exchanges.

KYC and Member Correspondence Guidelines

Members holding shares in dematerialised mode are requested to register or update their KYC details, including e-mail addresses, with their respective Depository Participants. Members holding shares in physical form are required to submit a duly filled and signed form to the RTA at investor.helpdesk@in.mpmfs.mufg.com , along with a copy of the share certificate (front and back), self-attested copies of PAN Card and Aadhar Card, and such other documents as prescribed. In all correspondence with the company or the RTA, members are requested to quote their DP ID and Client ID for dematerialised holdings, or their Folio Number for physical holdings.

For queries related to e-voting, members may contact NSDL at 022 4886 7000 or write to Mr. Amit Vishal, DVP, or Ms. Pallavi Mhatre, AVP, NSDL at evoting@nsdl.com . The Postal Ballot Notice was signed by Tarun Khurana, Company Secretary (Membership No.: A12344), on behalf of Edelweiss Financial Services Limited, from Mumbai on May 15, 2026.

Historical Stock Returns for Edelweiss Financial Services

1 Day5 Days1 Month6 Months1 Year5 Years
-1.48%+0.94%-10.32%+0.83%+2.93%+223.86%

What specific resolutions are being proposed in the Postal Ballot Notice, and how might they impact Edelweiss Financial Services' strategic direction or corporate governance structure?

How might the outcome of the shareholder vote on June 15, 2026 influence investor sentiment and Edelweiss Financial Services' stock performance in the near term?

Could the exclusive reliance on e-voting potentially disenfranchise retail shareholders with limited digital access, and what steps might SEBI take to address this gap in future regulations?

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1 Year Returns:+2.93%