Edelweiss Financial Services Limited has announced a public issue of Secured Redeemable Non-Convertible Debentures (NCDs) worth up to ₹2,000 million. The issue will open on April 8, 2025, and close on April 24, 2025. The NCDs will have a face value of ₹1,000 each and will be offered in twelve different series with varying tenures, including 24 months, 36 months, 60 months, and 120 months. The interest rates on the NCDs will range from 9.50% per annum to 11.00% per annum, with options for annual, monthly, and cumulative interest payments.
The funds raised from the issue will be utilized primarily for the repayment or prepayment of existing borrowings, with at least 75% of the funds being used for this purpose. The remaining amount will be used for general corporate purposes, subject to a maximum of 25% of the issue amount. The NCDs have been rated “Crisil A+/Stable” by Crisil, indicating a stable outlook.
The lead managers for the issue are Trust Investment Advisors Private Limited, Nuvama Wealth Management Limited, and Tipsons Consultancy Services Private Limited. Nuvama Wealth Management Limited is an associate of the company and will be involved only in marketing the issue, as per regulatory requirements. The NCDs will be listed on the BSE Limited, providing liquidity to investors.
The issue is subject to the Securities and Exchange Board of India (Issue and Listing of Non-Convertible Securities) Regulations, 2021, and the company will comply with all applicable regulations. The effective annual interest yield on the NCDs makes them an attractive investment option for those looking for fixed income returns. With a stable rating and a well-established company like Edelweiss Financial Services Limited, the issue is likely to generate significant interest from investors. Overall, the issue provides an opportunity for investors to invest in a secure and stable investment option with a reputable company.