Edelweiss Financial Services Limited (EFSL) has announced a public issue of secured redeemable non-convertible debentures (NCDs) with a face value of ₹1,000 each. The issue has a base size of ₹1,500 million and a green shoe option of up to ₹1,500 million, aggregating to ₹3,000 million. The NCDs have a tenure of 24 months, 36 months, 60 months, and 120 months with annual, monthly, and cumulative interest options. The effective annual interest yield on the NCDs ranges from 9.00% p.a. to 10.25% p.a.
The issue is scheduled to open on September 24, 2025, and close on October 8, 2025. At least 75% of the funds raised will be used for repayment/prepayment of existing borrowings, and the balance will be used for general corporate purposes. The NCDs have been rated “Crisil A+/Stable” by Crisil Ratings Limited.
EFSL is a diversified financial services company with a presence in retail, corporate credit, mutual fund, alternative asset management, asset reconstruction, life insurance, and general insurance businesses. The company has a strong research-driven approach and a seamless customer experience, with a pan-India and international network of 257 offices and 5,615 employees as of June 30, 2025.
The issue is open for subscription on working days from 10:00 a.m. to 5:00 p.m. (Indian Standard Time) during the issue period. Applications will be accepted only through the electronic platform of BSE Limited. Investors are advised to invest only on the basis of the information contained in the prospectus, which is available on the company’s website and the website of BSE.
The company and the lead managers have cautioned investors that investment in the NCDs involves a high degree of risk and that they should refer to the prospectus, including the sections titled “Risk Factors” and “Material Developments,” before making an investment decision. The rating agency, Crisil Ratings Limited, has also provided a disclaimer stating that its rating is not a recommendation to buy, sell, or hold the rated instrument and that it does not guarantee the completeness or accuracy of the information on which the rating is based.
Overall, the public issue of NCDs by EFSL provides an opportunity for investors to earn a fixed income with a relatively high yield. However, investors should carefully evaluate the risks and benefits of the investment and refer to the prospectus before making a decision.