Edelweiss Financial Services launches ₹3,000 million NCD issue with yields up to 10.00%
Edelweiss Financial Services Limited has opened a public issue of Secured, Redeemable, Non-Convertible Debentures (NCDs) aggregating up to ₹3,000 million, offering effective annual yields between 8.64% and 10.00%. The issue, which opened on June 8, 2026, and closes on June 19, 2026, includes a base size of ₹1,500 million with a green shoe option of the same amount. Proceeds will be used primarily for repaying existing borrowings, with the NCDs rated CRISIL A+/Stable and listed on BSE Limited.

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Edelweiss Financial Services Limited has launched a public issue of Secured, Redeemable, Non-Convertible Debentures (NCDs) aggregating up to ₹3,000 million. The issue opened on Monday, June 8, 2026, and is scheduled to close on Friday, June 19, 2026. The NCDs offer an effective annual interest yield ranging from 8.64% p.a. to 10.00% p.a. across tenors of 24, 36, 60, and 120 months.
Issue Structure and Allocation
The issue comprises a base size of ₹1,500 million with a green shoe option of up to ₹1,500 million. The instrument carries a face value of ₹1,000 per NCD. Allotment will be made on a date priority basis; however, on the date of oversubscription and thereafter, allotments will be proportionate. The NCDs will be listed on BSE Limited and traded in dematerialized form only.
| Parameter | Details |
|---|---|
| Issuer | Edelweiss Financial Services Limited |
| Base Issue Size | ₹1,500 million |
| Green Shoe Option | Up to ₹1,500 million |
| Total Issue Limit | Up to ₹3,000 million |
| Face Value | ₹1,000 per NCD |
| Credit Rating | CRISIL A+/Stable |
| Listing Exchange | BSE Limited |
Utilization of Proceeds
At least 75% of the net proceeds will be utilized for the repayment or prepayment of interest and principal of existing borrowings. The remaining funds, not exceeding 25% of the amount raised, are proposed to be used for general corporate purposes. The company has clarified that proceeds will not be used for the payment of any prepayment penalty.
Key Issue Timelines and Series
The issue offers ten series with annual, monthly, and cumulative interest payment options. The subscription window is open from 10:00 a.m. to 5:00 p.m. on working days, closing at 3:00 p.m. on the final date.
| Series | Tenor | Frequency | Coupon (% p.a.) | Effective Yield (% p.a.) |
|---|---|---|---|---|
| I | 24 months | Annual | 8.65% | 8.64% |
| II | 24 months | Cumulative | NA | 8.65% |
| III | 36 months | Monthly | 8.80% | 9.15% |
| IV | 36 months | Annual | 9.15% | 9.14% |
| V | 36 months | Cumulative | NA | 9.15% |
| VI | 60 months | Monthly | 9.21% | 9.60% |
| VII | 60 months | Annual | 9.60% | 9.59% |
| VIII | 60 months | Cumulative | NA | 9.60% |
| IX | 120 months | Monthly | 9.58% | 10.00% |
| X | 120 months | Annual | 10.00% | 9.99% |
Credit Rating and Security
CRISIL Ratings Limited has assigned a rating of "CRISIL A+/Stable" to the NCDs for an amount of ₹12,000 million. This rating indicates an adequate degree of safety regarding timely servicing of financial obligations. The principal amount is secured by way of a pari passu charge on the issuer's assets, including loans, receivables, and fixed assets, ensuring a security cover of at least 100%.
Historical Stock Returns for Edelweiss Financial Services
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.17% | +11.29% | +15.75% | +17.43% | +24.31% | +225.04% |
How will the successful deployment of these funds for debt repayment impact Edelweiss Financial Services' leverage ratios and future borrowing costs?
What market signals does the pricing of the 120-month tenor at a 10% effective yield send about investor sentiment toward long-term NBFC credit risk?
Will the exercise of the green shoe option be necessary to meet demand, and what does that indicate about current liquidity conditions in the debt market?

































